General Motors Posts $3.2 Billion Profit

General Motors Posts $3.2 Billion Profit
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General Motors cruised to their fifth straight quarter in the black, announcing a gross profit of $3.2 billion, helped along by a sale of GM subsidiary Delphi for $1.6 billion in March. In a prepared statement, General Motors CEO Dan Akerson said “GM has delivered five consecutive profitable quarters, thanks to strong customer demand for… Continue Reading...

Chrysler Posts Fourth Quarter Loss, But Still Projects Profit for 2011

Chrysler Posts Fourth Quarter Loss, But Still Projects Profit for 2011
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Chrysler has said it expects 2011 revenue to increase by nearly a third, to $55 billion, with projected net income between $200 and $500. If those targets are met, then it’s highly likely, Chrysler stock will become publicly traded once again before the end of the year. Continue Reading...

Chrysler Records $239 Million Profit In Q3

Chrysler Records $239 Million Profit In Q3
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Chrysler recorded it’s third straight profitable quarter, raking in $239 million in Q3, as the company rode a wave of optimism regarding increased sales and a new product lineup. Chrysler is due to launch roughly 16 new products by 2012.  “We are not only living up to our commitments, but we are exceeding our 2010… Continue Reading...

BMW Saves Money Thanks To Partnership With Mercedes-Benz

BMW Saves Money Thanks To Partnership With Mercedes-Benz
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BMW announced today that it is on track to save about $5.2 billion by 2012, by spending less on components and through a strategic partnership with Mercedes-Benz. A report by Bloomberg said that BMW will surpass its goal of cutting $5.2 billion. “We can say that from today’s perspective we will certainly and easily reach… Continue Reading...

Ford Posts $2.1 Billion Profit

Ford Posts $2.1 Billion Profit
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Ford posted a $2.1 billion profit for this quarter, beating market expectations by a full year despite a lull in the new vehicle market. Ford has undergone a series of cost-cutting measures, including plant closures and layoffs, but has also introduced a torrent of new product in nearly every segment. Ford hasn’t earned $2 billion… Continue Reading...
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