Cars
Last month, General Motors posted a third-quarter profit of $1.7 billion US. Not bad for a company that, only just two years ago, was almost bankrupt and was saved thanks to a massive government bailout.
- Ford Posts Biggest Profit Since 1998 But Only Thanks To One-time Gain, Gives $6,200 Bonus To Workers
Piggybacked by a one-time tax gain, Ford Motor Company has posted its highest annual profit since 1998 and the second biggest in the firm's 109-year long history. The Blue Oval's net income for 2011 was US$20.2 billion or US$4.94 per share, an...
- Opel And Chevrolet Too Close For Comfort? Gm Thinks So
Sibling rivalry: every family faces it, at one point or another. And what are automotive groups such as General Motors if not one, big (and bailout-happy) family? Platform and parts sharing is the name of the game in order to reduce costs and maximize...
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157...
- Ford Posts 'only' $1.4 Billion Net Loss In Q1 2009, Significantly Lower Than Q4 2008
Losing money is never a good thing, but in Ford Motor Company's case, the $1.4 billion first quarter net loss was positive news as it was lower than analysts had anticipated and more importantly, significantly improved over the fourth quarter of 2008...
- Strictly Numerical - The Facts From A Potential Gm Bailout
That sound you hear throughout the day and into the night comes to your ears all the way from Detroit, Michigan. It's the sound of $46,296 per minute being flushed through General Motors' toilets. Time.com published some of their theories regarding...
Cars
Dan Akerson Says GM is “Like Communist China in the ‘60sâ€, Starts Cultural Revolution by Laying off White-Collar Workers
Last month, General Motors posted a third-quarter profit of $1.7 billion US. Not bad for a company that, only just two years ago, was almost bankrupt and was saved thanks to a massive government bailout.
Yet its aim is to reduce costs and increase profits even more. GM representative Jay Cooney told the Detroit News: “GM is continually seeking ways to improve our operating performance and reduce complexity to deliver a world-class cost structure and profit margins.â€
Read more »- Ford Posts Biggest Profit Since 1998 But Only Thanks To One-time Gain, Gives $6,200 Bonus To Workers
Piggybacked by a one-time tax gain, Ford Motor Company has posted its highest annual profit since 1998 and the second biggest in the firm's 109-year long history. The Blue Oval's net income for 2011 was US$20.2 billion or US$4.94 per share, an...
- Opel And Chevrolet Too Close For Comfort? Gm Thinks So
Sibling rivalry: every family faces it, at one point or another. And what are automotive groups such as General Motors if not one, big (and bailout-happy) family? Platform and parts sharing is the name of the game in order to reduce costs and maximize...
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157...
- Ford Posts 'only' $1.4 Billion Net Loss In Q1 2009, Significantly Lower Than Q4 2008
Losing money is never a good thing, but in Ford Motor Company's case, the $1.4 billion first quarter net loss was positive news as it was lower than analysts had anticipated and more importantly, significantly improved over the fourth quarter of 2008...
- Strictly Numerical - The Facts From A Potential Gm Bailout
That sound you hear throughout the day and into the night comes to your ears all the way from Detroit, Michigan. It's the sound of $46,296 per minute being flushed through General Motors' toilets. Time.com published some of their theories regarding...