Today Mitsubishi posted its first annual profit in North America of the last seven years. Continue Reading...
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Ford announced the results of its second quarter earnings today, marking the Dearborn automaker’s 20th consecutive quarter of profitability. Continue Reading...
Amid executing a recall covering 2.6 million vehicles, General Motors’ first quarter net income sank 86 percent compared to the same period a year ago. Continue Reading...
Toyota released its first quarter results today, revealing a 93 percent increase in income over the same period last year. Continue Reading...
Tesla’s stock price rose 24 percent Wednesday after the electric car maker reported its first quarterly profit. Continue Reading...
While many businesses had been hurt badly by the tough economic times, some of which have never recovered, British luxury and sports car manufacturer Aston Martin is thriving. The company just released its full year results for the 12-months ending on December 31, 2011 and are happy to report that the numbers are in the… Continue Reading...
While General Motors seemed desperate to sell Opel back in 2009, GM CEO Dan Akerson now says that the terms of the sale were a “bad deal” and that Opel, along with GM’s other global divisions, are now profitable. Nick Reilly, GM’s European president, said that GM Europe will be profitable – albeit not by… Continue Reading...
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...
Hyundai may arguably be the hottest mainstream brand in the auto industry, but when it comes to dealer profitability, Hyundai dealers seem to lag behind their less popular rivals. In a report by Automotive News, the CEO of a large dealer group told the paper that Hyundai “not yet a good business equation for dealers”…. Continue Reading...
General Motors today announced its first full-year numbers after emerging from bankruptcy, posting a $4.7 billion profit after a massive bailout by the U.S. and Canadian governments. Profits for the fourth quarter were a slim percentage of that, however, at just $510 million, due to significant reinvesting in production, marketing and research and development. “Last… Continue Reading...
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...
Just a few years ago it would have been hard to imagine, but with much of the country still struggling to pull itself from a recession the Ford Motor Company has just posted a record Q3 profit of $1.7 billion. The American automaker has said it will use the funds to being reducing debt in… Continue Reading...
General Motors is expected to file for an Initial Public Offering tomorrow as the company recorded a $1.3 billion profit. GM is hoping to use the positive momentum of two consecutive quarters of profit to help move its IPO filing along. Currently, the United States government owns 61 percent of GM. Taxpayers would have to… Continue Reading...
New models, strong sales and cost cutting measures have put General Motors in the black for the first quarter of 2010. GM posted a $865 million Q1 net profit, after posting staggering losses for five straight years in a row. “We’re pleased with our first quarter performance, in particular achieving profitability,” said Chris Liddell, vice… Continue Reading...
SEAT, Volkswagen‘s Spanish subsidiary, has been given five years to restructure or else VW will be forced to shut down or sell the ailing Spanish brand. While SEAT’s cars are known for offering excellent value with an emphasis on performance rather than luxury. But despite positive reviews from auto journalists, this hasn’t translated into sales… Continue Reading...
Fuji Heavy Industries, the maker of Subaru cars, forecasted a 57% increase in quarterly profits, as sales in the United States grew while costs were reduced. Fuji Heavy also said that they will boost production at its Indiana plant from 100,000 to 131,000 units. The plant builds Subarus as well as Toyota Camrys, as Toyota… Continue Reading...
Strong demand in emerging markets like India and China, as well as a recovering U.S. economy helped Honda post a quarterly profit of $774 million. The Japanese automaker reported a 28 percent increase in sales, to $24.5 billion. Honda is forecasting a $3.7 billion profit through the coming fiscal year (which ends March 31, 2011),… Continue Reading...
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...
Between sticking accelerator pedals and rollover-prone SUVs, this year has not been kind to Toyota. However the Japanese automaker is poised to return a handsome $532 million profit, despite expectations to the contrary. Toyota had initially forecasted a loss of $213, but a weak yen and a series of cost-cutting measures meant that Toyota is… Continue Reading...