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...

GM Posts $1.3 Billion Profit, IPO Filing To Come Shortly

GM Posts $1.3 Billion Profit, IPO Filing To Come Shortly
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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...

Fuji Heavy, Parent Company Of Subaru, Forecasts 57% Profit Increase

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Fuji Heavy, Parent Company Of Subaru, Forecasts 57% Profit Increase
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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...

Honda Posts $774M Quarterly Profit, Forecasts Big Gains for Fiscal Year

Honda Posts $774M Quarterly Profit, Forecasts Big Gains for Fiscal Year
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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...
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