Posts filtered by tags: Profits[x]


Moody’s Downgrades Nissan’s Credit Ranking; You Probably Know Why

Save for one article about adorable baby ducks, we’ve dumped on Nissan all week. Circumstances being what they are, there wasn’t much of an alternative. Between a dismal earnings report showcasing a 45 percent decline in annual operating profit for the year ending in March, a forecasted 28 percent drop in profits for this year, corporate strife […] The post Moody’s Downgrades Nissan’s Credit Ranking; You Probably Know Why appeared first on The Truth About Cars.
Tags: Investments, Autos, Earnings, Automotive Industry, Profits, Nissan, Credit Rating, News Blog, Moody's Investor Service

Ford Plans to Cut More UK Jobs in European Restructuring

Having already announced plans to cut thousands of jobs in Europe in an effort to stem the region’s ongoing cash hemorrhage, Ford has reportedly begun re-examining the United Kingdom. Initially, the automaker’s restructuring plan involved ending production at a transmission plant in France, killing the C-Max in Germany, and dissolving its Ford-Sollers joint venture in Russia. […] The post Ford Plans to Cut More UK Jobs in European Restructuring appeared first on The Truth About Cars.
Tags: Europe, Layoffs, France, Germany, Russia, Ford, United Kingdom, Autos, Automotive Industry, Profits, Brexit, Reports, Ford Motor Co, Ford Europe, News Blog, Restructuring

Subaru Struggles: Annual Profit Effectively Halved Due to Quality Control Issues

Subaru may be getting too big for its britches. Despite seeming like it was positioned for nearly incalculable growth at the start of last year, the automaker’s latest financial report showed the period was actually plagued with problems. Over the full fiscal year, which ends on March 31st for Subaru, the company basically showed that […] The post Subaru Struggles: Annual Profit Effectively Halved Due to Quality Control Issues appeared first on The Truth About Cars.
Tags: Sales, Industry, Recalls, Autos, Automotive Industry, Profits, Auto Sales, Subaru, News Blog, Earnings Reports, Sales Stats, Financial Report, Yajima

GM Reports Profit Boost As Sales, Market Share Shrinks

General Motors’ first-quarter earnings report revealed turmoil in international markets and a shrinking presence in North America, but net income rose to $2.1 billion, up from $1.1 billion a year ago, and adjusted earnings per share ($1.41) beat out estimates of $1.11. Still, that wasn’t enough to stop its stock from sliding in pre-market trading, […] The post appeared first on The Truth About Cars.
Tags: Sales, General Motors, Gm, Autos, Earnings, North America, Profits, Trucks, Chevrolet, Chevrolet Silverado, Silverado, News Blog

Ford’s Earnings Show That Saving Money Can Be Expensive

Automakers find themselves a bit of a pickle right now. The shift towards “mobility” has resulted in high development costs for electric and autonomous vehicles in the midst of stagnating sales growth. There’s also a trade war hurting global demand and impacting supply chains. Ultimately, this resulted in a lackluster Q1 for many manufacturers. Ford’s situation […] The post Ford’s Earnings Show That Saving Money Can Be Expensive appeared first on The Truth About Cars.
Tags: Ford, Share Price, Autos, Stocks, Automotive Industry, Profits, Reports, Ford Motor Co, News Blog, Restructuring, Earnings Reports

Dealer Check-up Reveals Widespread Profit Loss

U.S. light-vehicle dealers reported an operating loss for the first time since the National Automobile Dealers Association (NADA) began collecting data in 2009. While everyone continues reporting pretax net profits, concerns are beginning to swell around their dependency on factory incentives, which are not included in operating tabulations. NADA’s analysis of 2019’s first-quarter auto sales shows […] The post Dealer Check-up Reveals Widespread Profit Loss appeared first on The Truth About Cars.
Tags: Stats, Autos, Profits, Auto Sales, Car Sales, Reports, Incentives, NADA, Car Dealers, Sales Data, News Blog, Dealer News, National Automobile Dealers Association NADA, Automotive Market, Incentive Spending, North American Dealers Association

Greener, but Leaner: It’s Volkswagen’s Turn to Cut Jobs

Volkswagen Group just announced a restructuring plan aimed at raising the company’s operating margin to 6 percent. Unfortunately, the strategy involves a staffing reduction of up to 7,000 individuals by 2023 — with the automaker saving an estimated 5.9 billion euros in the process. While legitimate layoffs aren’t expected to take place for at least a few […] The post Greener, but Leaner: It’s Volkswagen’s Turn to Cut Jobs appeared first on The Truth About Cars.
Tags: Layoffs, Jobs, Industry, Vw, Autos, Volkswagen, Profits, Industry News, Volkswagen Group, VW Group, Volkswagen AG, News Blog, Restructuring, Auto Jobs

Why Is Company Culture Important To Managers?

It turns out that a company culture really does matter Image Credit: Scott Beale In the day-to-day activities of a manager, most of us really don’t spend all that much time thinking about our company’s corporate culture. However, it turns out that it really does matter. If your company has a bad corporate culture, then it’s going to have a negative impact on the company’s bottom line results, its reputation, and in the end, recruitment. It sure seems as though managers need to start spendi...
Tags: Leadership, Careers, Company Culture, Values, Studies, Results, Managers, Recruitment, Profits, Bad News, Reputation, Wells Fargo, Actions, Scott Beale, Jim Anderson, Unique Business Environment

SoundCloud’s revenue nearly doubled with an 80% increase in 2017

SoundCloud have proven claims that they earned over $100m in 2017 showing a massive rise in revenue for the music streaming company. SoundCloud offer an alternative to the streaming model that has blown up in recent years with services like Spotify and Apple Music. Whilst SoundCloud now offer an on-demand music streaming service, their platform has carved it’s niche as an open platform for all artists to upload and listen for free. SoundCloud’s CEO, Kerry Trainor, in 2018 claimed that i...
Tags: Spotify, Music, US, United States, Revenue, Earnings, Streaming, Profits, Revenues, Soundcloud, Industry News, Companies House, Filing, Kerry Trainor, UK Companies House, Apple Music Whilst SoundCloud

Music streaming is making artists’ old music more popular

Music streaming is bringing new life to artists’ back catalogues as listeners rediscover older music and ensure that it’s not forgotten as newer tunes get released. Music streaming has done a lot for the music industry in the digital age as more listeners move online for their tunes every day. After years of falling revenues music streaming helped create the industry’s largest growth in 15 years last year. That growth only gets more considerable every year as more and more people get into st...
Tags: Business, Music, Streams, Industry, Artists, Streaming, Stream, Profits, Revenues, Catalogue, Growth, Artist / Label News, Denis Simms, Catalogued

Spotify edge ever closer to making a profit with a great Q3

Spotify have been in the game a long time now, over 10 years, but the worldwide startup taking the world by storm with music streaming is still on it’s journey to profitability.  As Spotify approach the milestone of 200 million total users worldwide their revenues are slowly rising and whilst they are still yet to make a profit this year is their closest yet. In their report for their third quarter Spotify reported that their total revenue was €1,352 million, a significant 31% rise on the sa...
Tags: Spotify, Business, Music, Expenses, Startup, Report, Profit, Loss, Streaming, Profits, Revenues, Industry News, Q3, Operating, Gross Margin, Fiscal

SoundExchange made artists $600+ million this year

SoundExchange have had a monumental year of collecting money for artists around the US and ensuring artists get paid for their music better than ever. SoundExchange have one true goal; to collect and distribute revenues form digital music platforms to ensure it’s going into the rightful hands. Since 2003 they have been ensuring that as many artists in the US are getting what they’re entitled to for song plays on digital platforms like satellite radio and streaming services. This year has been ...
Tags: Music, US, Collection, Artists, Payments, Profits, Revenues, Royalty, Digital Music News, Royalties, SoundExchange, Michael Huppe

Volkswagen Learns That Big Green Promises Are Really Expensive

Just a year ago, Volkswagen Group announced it wasn’t just going to build a series of standalone electric car models — it wanted an EV version of every model in its stable. The automaker may as well have tried buying the rights to the Green Giant mascot from B&G Foods, too. A year later, former CEO Matthias […] The post Volkswagen Learns That Big Green Promises Are Really Expensive appeared first on The Truth About Cars.
Tags: Green, Electric Vehicles, Autos, Volkswagen, Profits, EVs, Volkswagen Group, Matthias, News Blog, Future Vehicles, Product Planning

Xiaomi made $2.1 billion profits in first quarter as a public company

Chinese smartphone makers and music streamers Xiaomi have just posted their mammoth profits from their first quarter as a public company. Xiaomi are renowned in China with their smartphones in the pockets of millions and millions of it’s people. On top of making loads of phones Xiaomi provide one of the favourite music streaming services for both China and India. With their popularity in mind the company went public with a successful IPO in July. Their Hong Kong listed IPO was a mega success...
Tags: Hong Kong, Europe, Music, Indonesia, China, Ipo, India, Smartphone, Xiaomi, Profit, Streaming, Public, Profits, Growth, Mi, Industry News

It’s Happening Again: Ford Europe Wants to Shift Attention/Money Away from Cars

In an earlier analysis of Ford’s lackluster share price, we noted that Europe and China posed a significant problem for the automaker’s bottom line. Europe, which was previously pretty good to the brand, has gradually lost its share of the market since 1994. While Ford still moves a lot of metal in the region, something’s definitely […] The post It’s Happening Again: Ford Europe Wants to Shift Attention/Money Away from Cars appeared first on The Truth About Cars.
Tags: Europe, China, Strategy, Ford, Autos, Automotive Industry, Profits, Overseas, Ford Motor Co, Ford Europe, News Blog, Product Planning, Ford Europe Wants

India’s top streamer Saavn grew profits by 3x in one year

India is falling in love with the joys of music streaming and their native service Saavn is reaping the profits as the country goes digital for their tunes. Indian music streaming service Saavn have had an incredible year as the country catches up to the worldwide love for music streaming. As the world’s favourite streamer Spotify prepares it’s launch in India they will have to go up against Saavn who have just reported incredible growth for 2017. Saavn have reported that their revenues for ...
Tags: Amazon, Spotify, Business, Music, India, US, Revenue, Profit, Streaming, Income, Stream, Profits, Revenues, Saavn, Amazon Echo, App Annie

Music streaming is making lots of money and not slowing down

The music industry is coming back to life in a whole new way thanks to the power of streaming and it’s ever-growing popularity. Music streaming is giving a massive boost to the music industry as profits continue to soar upwards after 15 years of falling revenues ended with the boom of streaming. Sony Music have just released their earnings report for the 2017-18 fiscal year which shows that streaming is still driving incredible growth for the music industry as more and more people sign up to...
Tags: Spotify, Music, Japan, Sales, Download, Industry, Report, Revenue, Sony, Vinyl, Streaming, Record, Stream, Profits, Revenues, Growth

Statement from NAR President Mendenhall Regarding Fannie, Freddie Profits

Washington, D.C. – May 2, 2018 ( Government-sponsored enterprises Fannie Mae and Freddie Mac both reported multi-billion dollar profits this week. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty issued the following statement calling on the Federal Housing Finance Agency to reduce the fees the GSEs charge to lenders and homebuyers: “The National Association of Realtors® urges government-sponsored enterprises Fann...
Tags: Real Estate, Washington, America, Radio, Profit, Profits, Freddie Mac, U S Treasury, NAR, Columbia Missouri, FHFA, Fannie Mae, National Association of Realtors, Real Estate News, Mendenhall, Federal Housing Finance Agency

Independent artists are taking over as global music grows $1.4 billion

Streaming continues to revitalise the music industry as new reports show one-and-a-half billion dollars of growth globally last year alone. The latest report from Midia Research shows a monumental year of growth for the worldwide music industry last year. Global recorded music revenues in 2017 reached $17.4 billion, up from $16 billion in 2016 which represents 8.5% of annual growth and $1.4 billion for the year. This continues a trend of continuous growth within the music industry in recent ...
Tags: Music, Featured, Global, Industry, Revenue, Artists, Indie, Earnings, Record, Profits, Revenues, Growth, Independent, Labels, Industry News, Midia Research

SoundCloud say their revenues topped $100 million last year

SoundCloud’s bottom line is looking up as they reveal that they passed their revenue goals for 2017. For a lot of 2017 there were worries that SoundCloud faced the imminent end of their era as funding dwindled and their subscription service SoundCloud Go failed to make the traction they hoped for. Now as we enter the fourth month of 2018 SoundCloud seem to have turned things around. Speaking to Financial Times, SoundCloud CEO Kerry Trainor says that the open music platform surpassed their goal...
Tags: Music, Platform, Creators, Revenue, Streaming, Profits, Soundcloud, Financial Times, Go, Open, Digital Music News, Industry News, Trainor, Midia Research, Kerry Trainor, Midia

Ford Continues Fighting for Europe

Ford Motor Company has a lot invested in Europe. While the continent spent decades operating facilities under the lose leadership of Ford of Britain, Detroit acquired direct ownership in 1950. From there it extended its influence dramatically, buying up established European manufacturers near the close of the 20th century. But things haven’t always been good; economic […] The post Ford Continues Fighting for Europe appeared first on The Truth About Cars.
Tags: Europe, European Union, Corporate Strategy, Industry, Ford, United Kingdom, Autos, Automotive Industry, Profits, Brexit, Ford Motor Company, Ford Motor Co, Ford of Europe, Consumer Trends, News Blog, Product Planning

Spotify CEO wants “one million artists to live off their work”

Daniel Ek has spoken on what he wants for the future of Spotify saying that he wants more artists to make a living from music streaming. At Spotify’s Investor Day earlier this month Spotify’s CEO and co-founder Daniel Ek talked about removing the “gatekeepers” from music. He told audiences that he “doesn’t believe in gatekeepers” as he discussed Spotify’s mission to make even more artists even more money with the future of Spotify. The music industry gatekeepers that Ek is talking on are the...
Tags: Spotify, Music, Money, Future, Success, EK, Profit, Artists, Streaming, Profits, Daniel Ek, One Percent, Investors, Independent, Industry News, 1

Music streaming creates second year of massive revenue growth in 2017

The music industry has been showing massive surges in growth in recent years and new reports show it’s only getting bigger. Thanks to the meteoric rise of music streaming in recent years profits in the music industry are rising for the first time in decades, and dramatically. The Recording Industry Association of America (RIAA) have released a new report showing how considerable the growth is after 2017 saw the second consecutive year of growth. The RIAA’s year-end music industry revenue repor...
Tags: Business, Music, US, Streams, Industry, Revenue, Profit, Streaming, Profits, Revenues, Riaa, Rise, Increase, Digital Music News, Industry News, Sirius

France’s music market won’t stop growing as streaming income reaches €243m

Streaming is driving growth in music industries all around the world and France aren’t missing out on the gains. According to the latest from the SNEP France’s music market saw a 23% growth last year. That brought streaming profits up to €243 million in 2017, an increase of €46 million on 2016. Streaming now counts for 41.6% of the market. Of the €243 million in streaming revenue, premium subscriptions accounted for €203 million and the remaining came from ad-supported music streams. Whilst Pr...
Tags: Music, France, Streams, Industry, Revenue, Streaming, French, Profits, Market, Industry News, Guillaume Leblanc

Average U.S. Home Seller Profits At 10-Year High Of $54,000 In Q4 2017

But Homeowners Staying Put Longer as Average Homeownership Tenure Rises to New High; Kansas City, San Jose, Nashville Led Major Metros in Home Price Appreciation in 2017; All-Cash Purchase Share Increases Following Four Years of Declines Irvine, CA – Feb. 1, 2018 (PRNewswire) ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Year-End and Q4 2017 U.S. Home Sales Report, which shows that home sellers in Q4 2017 realized an average home price ...
Tags: Home, Real Estate, Usa, New York, News, Radio, New Jersey, Profit, Portland, Nashville, Cbs, Ohio, Sell, Salt Lake City, Las Vegas, Louisiana

UK Music is the biggest and best it’s been this millennium right now

A new report reveals that UK Music is being listened to more than ever before, and is still growing like mad. A new report from the record labels’ association BPI show that UK Music is bigger than ever with all formats seeing the fastest growth this millennium across all formats. In 2017 a total of 135.1 million albums were purchased, streamed (in album equivalent streams), or downloaded in the past year. This a 9.5% rise from 2016 and is the UK’s 3rd year of consecutive growth. Of the top 10 ...
Tags: Downloads, Music, UK, Sales, America, Eu, Britain, Ed Sheeran, Revenue, Streaming, Profits, Taylor, BPI, Labels, Industry News, Dua Lipa

Mighty Truck Sales (and Cost Cutting) Fuel Ford’s Q3 Income

Ford Motor Company’s eagerness to quench North America’s insatiable thirst for light-duty pickups and SUVs drove the company to earn $1.6 billion in the third-quarter of 2017, according to an earnings report from Ford. Also helping boost the automaker’s bottom line were some tasty foreign tax credits and an accountant’s best friend: cost reductions. In […] The post Mighty Truck Sales (and Cost Cutting) Fuel Ford’s Q3 Income appeared first on The Truth About Cars.
Tags: Wall Street, Sales, Ford, Autos, North America, Profits, Trucks, SUVs, Corporate, Ford Motor Company, News Blog, High Finance, Super Duty, F Series

Don’t Expect Any Rebadged Nissans or Co-developed Cars in Mitsubishi Showrooms Anytime Soon

Last year, Nissan answered Mitsubishi’s prayers by purchasing a majority stake in the struggling Japanese automaker. The company had started out strong in North America at the dawn of the 20th century, with U.S. sales topping 345,000 in 2002. Six years later, volume had fallen by nearly 85 percent. Mitsubishi was a dead brand walking, […] The post Don’t Expect Any Rebadged Nissans or Co-developed Cars in Mitsubishi Showrooms Anytime Soon appeared first on The Truth About Cars.
Tags: Sales, Autos, North America, Profits, Nissan, Mitsubishi, New Cars, Incentives, News Blog, Product Planning, Product Plans

Ford’s CEO Might Execute Lower-margin Vehicles to Boost Profits

Ford’s new CEO, Jim Hackett, has been milling around the company trying to get a sense of what the automaker needs to thrive in today’s car market. Conducting a summer-long assessment of the company’s current status and action points, Hackett is setting himself up with a greater understanding of where Ford stands in order to share […] The post Ford’s CEO Might Execute Lower-margin Vehicles to Boost Profits appeared first on The Truth About Cars.
Tags: Sales, Industry, Ford, Autos, Profits, Investors, Ford Motor Co, Ford Taurus, Ford Fiesta, Jim Hackett, Hackett, Product Strategy, News Blog, Product Planning, Ford C-max, Margins

‘Monkey Selfie’ Settlement May Spark Positive Changes to Wildlife Photography

'Monkey Selfie' Settlement May Spark Positive Changes to Wildlife Photography The post ‘Monkey Selfie’ Settlement May Spark Positive Changes to Wildlife Photography appeared first on Legal Reader.
Tags: Business, Image, Law, Wild, Selfie, Indonesia, Animals, Monkey, Change, Photo, Copyright, Case, Wildlife, Revenue, Pledge, Rights