Latest Sales figures News

Tesla's stock soars after company posts surprising 3Q profit

Oct. 23, 2019 6:14 PM EDT

SAN FRANCISCO (AP) — Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company. The positive results announced Wednesday came after Tesla...

Ford 3Q profit falls nearly 60% on restructuring costs

Oct. 23, 2019 6:06 PM EDT

DEARBORN, Mich. (AP) — Ford Motor Co.'s third-quarter net income tumbled nearly 60% as the company booked $1.5 billion in charges mainly for restructuring, and Chinese and U.S. sales fell. The Dearborn, Michigan, automaker knocked a half-billion dollars off its full-year pretax earnings guidance. Ford now...

McDonald's 3Q earnings down on tech investment

Oct. 22, 2019 1:51 PM EDT

McDonald's says it's setting itself up for future growth by investing now in advances like voice recognition ordering technology. But for some investors, the short-term financial pain is hard to swallow. McDonald's net income dropped 2% to $1.6 billion in the third quarter as it rapidly remodeled stores and...

Despite labor costs, GM averts financial woes of its past

Oct. 18, 2019 2:16 PM EDT

DETROIT (AP) — A decade ago, high labor costs helped drag a bloated and debt-ridden General Motors into a government-funded bankruptcy. Now, a contract deal reached this week with the United Auto Workers union will raise the company's costs once again, at a time when the auto industry is facing the...

US retail sales dip 0.3% in September

Oct. 16, 2019 10:15 AM EDT

WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported...

China's auto sales sink 6.3% in September

Oct. 14, 2019 6:42 AM EDT

BEIJING (AP) — China's auto sales sank 6.3% in September from a year earlier and purchases of electric cars tumbled 34.2% at a time when the industry is spending heavily to meet government sales quotas for the technology, an industry group reported Monday. The global industry's biggest market is on track...

Domino's sticking to growth plan despite sales pressures

Oct. 8, 2019 12:59 PM EDT

ANN ARBOR, Mich. (AP) — Domino's Pizza is sticking with its aggressive growth plans — and its own army of U.S. delivery drivers — despite mounting pressure from services like UberEats and DoorDash. The world's biggest pizza chain is rapidly opening new stores in order to shorten delivery...

Fiat Chrysler to pay $40M fine for overstating sales numbers

Sep. 27, 2019 1:55 PM EDT

DETROIT (AP) — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to 2016, the...

Luxury carmaker Maserati focuses production on Italy

Sep. 26, 2019 12:11 PM EDT

MILAN (AP) — Luxury carmaker Maserati said Thursday it would invest 1.6 billion euros ($1.8 billion) as it boosts Italian production with a new super-sports car and a utility vehicle as well as the launch of a hybrid version of the successful Ghibli sedan. Maserati, which is owned by Fiat Chrysler...

Arby's parent Inspire Brands buys Jimmy John's Sandwiches

Sep. 25, 2019 12:22 PM EDT

ATLANTA (AP) — The parent company of Arby's is buying Jimmy John's Sandwiches, hoping to reverse sluggish sales at the chain. Atlanta-based Inspire Brands said Wednesday the acquisition will make it the fourth-largest restaurant company in the U.S., with annual sales of $14 billion and 11,200 restaurants....