Cars
This week, Mazda announced that it turned an annual net profit for the first time in five years. The Japanese carmaker reported pocketing a total of $364.3 (€279.6) million at the end of the 2012 fiscal year, on March 31, whereas on the same day of 2011, they had recorded a loss of $1.14 (€0.87) billion. Despite the fact that it was not mentioned, it is quite possible that the CX-5 crossover, which is hugely-popular world-wide, is the model which caused the turnaround. Read more »
- Skoda Sells Close To Half A Million Vehicles In The First Half Of 2012
Defying the economic crisis in Europe, the Volkswagen Group-controlled Skoda brand reported worldwide sales of 493,000 units in the first six months of the year, an impressive increase of 8.4 percent over the same period in 2011. At the same time, the...
- 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...
- Toyota's Gloomy New Forecast Cuts Annual Profits By More Than Half
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
- 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...
- Porsche Makes €6.83 Billion On Vw Shares, €1 Billion From Selling Cars...
At a time when most automakers are struggling with a sharp downturn, making a €8.586 billion profit (before taxes) in the fiscal year 2007/2008 that ended on July 31 definitely comes to a surprise - especially when we're talking about a company...
Cars
Mazda Makes Money for First Time in 5 Years, But N.A. Operations Still in the Red
This week, Mazda announced that it turned an annual net profit for the first time in five years. The Japanese carmaker reported pocketing a total of $364.3 (€279.6) million at the end of the 2012 fiscal year, on March 31, whereas on the same day of 2011, they had recorded a loss of $1.14 (€0.87) billion. Despite the fact that it was not mentioned, it is quite possible that the CX-5 crossover, which is hugely-popular world-wide, is the model which caused the turnaround. Read more »
- Skoda Sells Close To Half A Million Vehicles In The First Half Of 2012
Defying the economic crisis in Europe, the Volkswagen Group-controlled Skoda brand reported worldwide sales of 493,000 units in the first six months of the year, an impressive increase of 8.4 percent over the same period in 2011. At the same time, the...
- 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...
- Toyota's Gloomy New Forecast Cuts Annual Profits By More Than Half
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
- 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...
- Porsche Makes €6.83 Billion On Vw Shares, €1 Billion From Selling Cars...
At a time when most automakers are struggling with a sharp downturn, making a €8.586 billion profit (before taxes) in the fiscal year 2007/2008 that ended on July 31 definitely comes to a surprise - especially when we're talking about a company...