Cars
Remember those dark times in Detroit? Well, we have come a long way since then as Ford Motor Company reported today a record third quarter net income of $1.7 billion. This is a $690 million improvement over the third quarter of 2009, fueled mostly by good momentum in the North American market.
- Recalls Cost Gm $1.2 Billion, Second Quarter Net Income Drops To $0.2 Billion
General Motors said its second quarter net income was $0.2 billion, $1 billion less than in the same quarter last year. The huge drop is due mainly to recalls, estimated to cost $1.2 billion. Read more »...
- Hyundai Sells Over A Million Vehicles, Kia More Than 630,000 In The First Quarter Of 2012
Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7...
- 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...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Gm Posts $4.2 Billion In Q3 Operating Loss, Says It Could Run Out Of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30...
Cars
Ford’s Third Quarter 2010 Net Income Climbs to $1.7 billion, Says it Has Enough Cash to Reduce Debts
Remember those dark times in Detroit? Well, we have come a long way since then as Ford Motor Company reported today a record third quarter net income of $1.7 billion. This is a $690 million improvement over the third quarter of 2009, fueled mostly by good momentum in the North American market.
Ford has been in the green for five consecutive quarters now, with a pre-tax operating profit of $2.1 billion – an improvement of $1.1 billion from a year ago.
- Recalls Cost Gm $1.2 Billion, Second Quarter Net Income Drops To $0.2 Billion
General Motors said its second quarter net income was $0.2 billion, $1 billion less than in the same quarter last year. The huge drop is due mainly to recalls, estimated to cost $1.2 billion. Read more »...
- Hyundai Sells Over A Million Vehicles, Kia More Than 630,000 In The First Quarter Of 2012
Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7...
- 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...
- Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
- Gm Posts $4.2 Billion In Q3 Operating Loss, Says It Could Run Out Of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30...