Ford Earnings Driven by North America
courtesy of Ford Motor CompanyFord Motor Co. (NYSE: F) is showing that the car business can be profitable, even if its guidance in recent weeks has only allowed its shares to tread water. The…
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Newest first · Page 284Chrysler and the Fiscal Cliff
Chrysler is the most well-run car company based in America, at least based on its financial results. For the most recent quarter, it posted an increase in net income of $381 million, up 80% from…
Chrysler Reports Profit Jump
Chrysler Group LLC reported today that the company’s net income for the third-quarter totaled $381 million, up 80% from $212 million in the same period a year ago. Net revenue totaled $15.5 billion, up…
Profits Collapsing at Buffett-Backed Chinese Automaker (BRK-A, BRK-B, F, GM, TM, HMC)
Chinese auto and battery maker BYD Co. Ltd reported today that third-quarter profits fell 94% year-over-year as China’s domestic car market continues its slump. MidAmerican Energy Holdings Co., a division of Warren Buffett’s Berkshire…
U.S. Auto Stocks Gain Investor Appeal
courtesy of Ford Motor CompanyThe value of shares in Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) have been badly damaged, primarily because of the weakness in the European economy. The…
As China Hurts Honda, Stakes in Territorial Dispute Rise
It is one thing to fight for a principle. It is another to bet too much on the fight. Honda Motor Co. Ltd. (NYSE: HMC) announced that its annual forecasts were too optimistic, particularly…
Toyota Prius: Now California’s Best-Selling Car; Soon in the U.S.? (TM, GM, TSLA, F)
In the first nine months of 2012, the various models of the Prius from Toyota Motor Corp. (NYSE: TM) sold 46,380 vehicles in California to become the best selling car in the country’s largest…
October New Car Sales Forecast Rises to Five-Year High (GM, F, TM, HMC)
In 2011, new car and light truck sales in the United States came in at about 13 million units sold. According to TrueCar.com, forecast sales for October put new light vehicle sales at a…
Volkswagen Optimistic Despite Shaky Global Economy
Volkswagen reported reasonably good earnings for the first nine months of the year, despite trouble in Europe. The global rival of General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) reported that…
Navistar Continues on Path with Cummins
Navistar International Corp. (NYSE: NAV) is still in trouble after it had to cancel its big engine initiative. While that blunder may have cost billions of dollars when all was said and done, the…
Toyota Likely to Fall Short of Its 10 Million Vehicle Goal
After struggling through the financial crisis, massive recalls that harmed its reputation, and an earthquake and severe floods that crippled production, Toyota Motor Corp. (NYSE: TM) seemed to be back on track with its…
A Possible Solution for GM’s Money-losing Opel Division
Earlier this year, French carmaker PSA Peugeot Citroen SA and General Motors Co. (NYSE: GM) created an alliance to pursue joint development and supply chain synergies in the European automobile market. Today, reports French…
Winnebago Sales, Backlog Lead Results
Winnebago Industries Inc. (NYSE: WGO) reported fiscal fourth quarter and full-year 2012 results before markets opened this morning. For the fourth quarter, the maker of recreational vehicles posted adjusted diluted earnings per share (EPS)…
Toyota’s 7.43 Million Car Recall — No Harm, No Foul
Toyota Motor Corp. (NYSE: TM) recalled 7.43 million vehicles worldwide today for what its said were power window switches that could cause fires. Toyota said that there had been none of these fires as far as it…
Toyota Recalls 7.43 Million Cars
From MarketWatch: Toyota Motor Corp. said Wednesday it is recalling 7.43 million vehicles globally due to a potential fire risk with power window switches, including 2.47 million vehicles sold in the U.S. The recall…