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Cooper Tire's (CTB) Q4 Earnings, Revenues Miss Estimates

3h zacks
Cooper Tire & Rubber Co. (CTB - Free Report) posted adjusted earnings of 50 cents per share in the fourth quarter of 2017, missing the Zacks Consensus Estimate of 62 cents. Cooper Tire registered net sales of $757 million, missing the Zacks Consensus Estimate of $770 million in comparison with the year-ago revenues of $784 million. Operating profit was $47 million in the fourth quarter of 2017, down 55. (6-0)

The Car of the Future Will Sell Your Data - Bloomberg

13h bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (6-0)

Crunching Car Data for Cash: An Israeli Startup Takes on Google - Bloomberg

15h bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (204-1)

Crunching car data for cash: An Israeli startup takes on Google, Microsoft

18h business-standard
The road to profits is paved with good data. Every hour, a modern car processes about 25 gigabytes of information — the equivalent of about seven full-length high-definition movies — on everything from engine temperature and tire pressure to what’s playing on the radio. For automakers, the question is how to turn that into revenue. An Israeli startup claims to have the answer. Otonomo, which announced $3 million in funding from NTT Docomo Ventures Inc on Tuesday, has spent the past three years figuring out how to collect, package and sell such data to insurers, retailers, city planners and others willing to pay for it. (204-0)

American Axle (AXL) Q4 Earnings Surpass Estimates, Up Y/Y

2018-02-19 zacks
American Axle & Manufacturing Holdings, Inc. (AXL - Free Report) posted adjusted earnings of 89 cents per share for the fourth quarter, beating the Zacks Consensus Estimate of 77 cents. The reported figure excludes the impact of restructuring and acquisition-related costs, debt-refinancing and redemption costs plus non-recurring items including the tax effect. In fourth-quarter 2016, adjusted earnings were 78 cents. (41-0)

Daimler Downplays Report on Rigged U.S. Emission-Test Software - Bloomberg

2018-02-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)

Daimler downplays report on rigged US emission-test software

2018-02-19 themalaymailonline
The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017. — Reuters picMUNICH, Feb 19 — Daimler AG sought to play down a newspaper report that its own engineers questioned the legality of software used to control diesel equipment in its vehicles, saying US authorities knew about the allegations and haven’t taken action. (2-0)

Mercedes-Benz Maker May Have Cheated on Diesel Emissions Tests

2018-02-19 247wallst
Citing unnamed sources, German newspaper Bild am Sonntag reported Sunday that Mercedes-Benz maker Daimler AG may have developed software for its diesel-powered vehicle that was intended for the sole purpose of ensuring that the vehicles passed regulatory tests for emissions. The company’s shares lost more than 2% in Monday trading. (3-0)

6 Most Important Things In Business Today

2018-02-19 247wallst
A decade after the global financial crisis, household debts are considered by many to be a problem of the past after having come down in the U.S., U.K. and many parts of the euro area. (2-0)

European stocks tilt lower after strong week, as traders search for cues - MarketWatch

2018-02-19 marketwatch
European stocks struggled to make headway Monday, after the regional market logged its best week in more than a year following the recent selloff. (2-0)

Daimler Drops on Report Software Affected U.S. Emissions Tests - Bloomberg

2018-02-19 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (3-0)

Siemens Teams With Airbus to IBM in Cyberattack Defense Plan - Bloomberg

2018-02-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)

DIMO launches German-certified Automobile Mechatronics course

2018-02-16 lankabusinessonline
Diesel & Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will beoffering a three-year course paving the way for students to obtain a German qualification in Automobile Mechatronics. Accredited by the German Chamber of Commerce, this is the first time such a course is offered in Sri Lanka. (2-0)

Auto Stock Roundup: GPI, PAG & LAD Beat on Earnings, Ford to Rev Up SUV Production

2018-02-15 zacks
The earnings for the quarter ending on Dec 31, 2017, are still going on. Some auto companies have reported their quarterly results last week including Group 1 Automotive Inc. (GPI - Free Report) , Penske Automotive Group, Inc. (PAG - Free Report) and Lithia Motors Inc. (LAD - Free Report) . Both the quarterly earnings and revenues for these companies surpassed the Zacks Consensus Estimates. On the basis of the year-over-year performance, both earnings and revenues came in higher. (12-0)

Daimler AG Signals Supply Chain Risks with Shift to EVs

2018-02-15 zacks
Daimler AG (DDAIF - Free Report) has rung the warning bell that its shifting focus to electric vehicles (EVs) could compel it to support its supply chain, per a Reuters report. In fact, many automakers, including Daimler, have scaled up production of EVs and are also updating the engine management software to keep a lid on pollution level. (5-0)


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