Goodyear Tire & Rubber Company (NYSE: GT) has just reported its quarterly earnings. Net income available to common shareholders was $85 million, or $0.33 per share, up from $40 million and $0.16 per share…
Chrysler Group LLC is profitable again and the report may be creating some envy for Ford Motor Co. (NYSE: F) and General Motors Corporation (NYSE: GM). While Chrysler was in perhaps the worst shape…
Chrysler’s second-quarter financials are back in the black. Chrysler reported net income of $436 million for the second quarter, significantly better than the $370 million loss the company reported in the year-earlier period. While the…
GM (NYSE: GM) fired Joel Ewanick, its chief of global marketing. The car company said he “failed to meet expectations the company has for its employees”. The Wall Street Journal reported that he had…
Apparently it seems that as long as you are driving, you have to keep buying those darned tires. Goodyear Tire & Rubber Co. (NYSE: GT) showed up as an unusual price gainer this morning…
Auto industry research firm truecar.com released its sales and incentives forecast for July today, and the company expects the sales forecast to translate to a seasonally adjusted annual rate of new car sales of…
The Volkswagen Group posted first half earnings. Despite trouble with European sales, the figures were impressive and show that VW may top General Motors (NYSE: GM) and Toyota (NYSE: TM) in global unit sales…
If you buy a new car today, there’s a 78% chance that you’ll keep that car for at least 10 years. The average US marriage lasts less than 9 years. Okay, you might really…
Ford Motor (NYSE: F) has just reported that its second-quarter net profit slid 57% to $1 billion, or $0.26 a share, as its operations in Europe and a higher tax rate offset strong results…
Auto retailer AutoNation Inc. (NYSE: AN) reported second-quarter earnings this morning that crushed consensus estimates. Adjusted earnings per share (EPS) came in at $0.66 versus a consensus estimate of $0.59. Revenue totaled $3.9 billion…
ThinkstockJPMorgan has issued some very mixed analyst initiations this morning pertaining to the U.S. auto sector, which includes many of the key parts and systems providers in the group. Ford Motor Co. (NYSE: F)…
General Motors (NYSE: GM) warned that losses in Europe will be greater than expected in the second half, according to the Wall Street Journal. The news was easy to forecast. None of the large…
Ford Motor Co. (NYSE: F) announced today that sales in its 19 traditional western European markets fell by -16.1% in June and by -10.3% for the first half of 2012. The drop in June…
Ford (NYSE: F) recently said its losses in Europe last quarter will be three times expectations. The recession that has spread across Europe is that bad. General Motors (NYSE: GM) will post more losses…
U.S. car companies cannot rely on Europe for profits. As a matter of fact, poor demand has caused losses in the region for General Motors (NYSE: GM) and Ford (NYSE: F). In a perverse…