Cars
If you were wondering how much the massive ignition recall cost GM so far, the answer is about $1.3 billion (€0.94 billion). More specifically, GM has spent $700 million on replacement switches and cylinders and $600 million on other recall items. Read more »
- 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 »...
- Gm Apologizes To Victims’ Families For Sending Recall Notices
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- 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...
- Shell Pumps Out "obscene" 71% Increase In Third-quarter Profits
Like rival BP which reported a staggering 148% increase in third-quarter profits earlier this week -click here to read the details, Shell beat all forecasts with third-quarter current cost of supply (CCS) net profit up 71% at $10.9 billion (6.5 billion...
- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...
Cars
Ignition Recalls Melt GM's First Quarter Profit by 82 Percent
If you were wondering how much the massive ignition recall cost GM so far, the answer is about $1.3 billion (€0.94 billion). More specifically, GM has spent $700 million on replacement switches and cylinders and $600 million on other recall items. Read more »
- 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 »...
- Gm Apologizes To Victims’ Families For Sending Recall Notices
...
- 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...
- Shell Pumps Out "obscene" 71% Increase In Third-quarter Profits
Like rival BP which reported a staggering 148% increase in third-quarter profits earlier this week -click here to read the details, Shell beat all forecasts with third-quarter current cost of supply (CCS) net profit up 71% at $10.9 billion (6.5 billion...
- Gm Posts $15.5 Billion Loss In Q2 2008
General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer...