Cars
Last Thursday, GM reported that its European division had posted a US$747 million loss before interest and taxes. While that’s an improvement over the US$1.95 billion losses the company reported in 2010, in the past 13 years Opel and sister company Vauxhall have cost GM US$15.6 billion.
- Mazda Records Us$1.3 Billion Loss, “actively†Seeks Partner
Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units. This is the fourth year in a row than Mazda records negative results and...
- Gm Wants To Make Opel Profitable Despite European Crisis And Sales Drop
Last September, during the Frankfurt Motor Show, General Motors executives were confident that their European operations were following the company’s restructuring plan to the letter and would break even. Less than two months later, real-world...
- 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 Decides To Keep Opel After All, Cancels Sale With Magna
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- 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
GM Must Spend at Least US$1 Billion to Fix Opel and Vauxhall, According to Analysts
Last Thursday, GM reported that its European division had posted a US$747 million loss before interest and taxes. While that’s an improvement over the US$1.95 billion losses the company reported in 2010, in the past 13 years Opel and sister company Vauxhall have cost GM US$15.6 billion.
The European economic turmoil that is far from done makes for a bleak outlook; the estimate for 2012, based on four analysts’ predictions, is a US$1.2 billion loss for GM's European division.
Read more »- Mazda Records Us$1.3 Billion Loss, “actively†Seeks Partner
Last week, Mazda forecast a net loss of 100 billion yen (US$1.29 billion) for the fiscal year that ends March 31 and a 2 percent drop in its global sales, to 1.25 million units. This is the fourth year in a row than Mazda records negative results and...
- Gm Wants To Make Opel Profitable Despite European Crisis And Sales Drop
Last September, during the Frankfurt Motor Show, General Motors executives were confident that their European operations were following the company’s restructuring plan to the letter and would break even. Less than two months later, real-world...
- 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 Decides To Keep Opel After All, Cancels Sale With Magna
...
- 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...