The Truth About Cars » Financial Results http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Tue, 03 May 2016 20:50:04 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Chrysler Profit For Q2 Up 16% to $507 Million, Full Year Forecast Reduced http://www.thetruthaboutcars.com/2013/07/chrysler-profit-for-q2-up-16-to-507-million-full-year-forecast-reduced/ http://www.thetruthaboutcars.com/2013/07/chrysler-profit-for-q2-up-16-to-507-million-full-year-forecast-reduced/#comments Wed, 31 Jul 2013 14:07:13 +0000 http://www.thetruthaboutcars.com/?p=497538 Chrysler Group reported net income of $507 million in the second quarter, with strong sales of SUVs and pickup trucks helping the car company make a profit for the eighth consecutive quarter. Earnings were up 16% from the same period a year earlier when $436 million was made. However, the company reduced its projected full […]

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Chrysler Group reported net income of $507 million in the second quarter, with strong sales of SUVs and pickup trucks helping the car company make a profit for the eighth consecutive quarter. Earnings were up 16% from the same period a year earlier when $436 million was made. However, the company reduced its projected full […]

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Ford Posts Record Q2 Profits, Up Almost 19%, Surpasses Expectations, All Regions Profitable Except Europe http://www.thetruthaboutcars.com/2013/07/ford-posts-record-q2-profits-up-almost-19-surpasses-expectations-all-regions-profitable-except-europe/ http://www.thetruthaboutcars.com/2013/07/ford-posts-record-q2-profits-up-almost-19-surpasses-expectations-all-regions-profitable-except-europe/#comments Wed, 24 Jul 2013 23:15:09 +0000 http://www.thetruthaboutcars.com/?p=496932 For the 16th consecutive quarter, Ford Motor Co. profits have risen, with the Dearborn automaker reporting a 2nd quarter 2013 profit of $1.23 billion, up 18.6% from 2012, working out to 45¢ per share, exceeding analysts’ projections of 37 cents a share. Pretax profit for the quarter was up 40% to $2.56 billion. The company […]

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For the 16th consecutive quarter, Ford Motor Co. profits have risen, with the Dearborn automaker reporting a 2nd quarter 2013 profit of $1.23 billion, up 18.6% from 2012, working out to 45¢ per share, exceeding analysts’ projections of 37 cents a share. Pretax profit for the quarter was up 40% to $2.56 billion. The company […]

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GM Bumps Up Q3 Results Prior To Election Day http://www.thetruthaboutcars.com/2012/09/gm-bumps-up-q3-results-prior-to-election-day/ http://www.thetruthaboutcars.com/2012/09/gm-bumps-up-q3-results-prior-to-election-day/#comments Fri, 07 Sep 2012 15:24:39 +0000 http://www.thetruthaboutcars.com/?p=459306 General Motors hasn’t announced their Q3 financial results prior to November in six years, but they intend to announce them on October 31st, 2012 – just prior to the U.S. general election on November 6th. The timing, reported by MLive.com, is apparently coincidental, with GM spokesman Jim Cain telling the outlet that  “…scheduling is based […]

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General Motors hasn’t announced their Q3 financial results prior to November in six years, but they intend to announce them on October 31st, 2012 – just prior to the U.S. general election on November 6th. The timing, reported by MLive.com, is apparently coincidental, with GM spokesman Jim Cain telling the outlet that  “…scheduling is based […]

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With Opel Back In Black, GM Records $2.5b Profit in Q2 http://www.thetruthaboutcars.com/2011/08/with-opel-back-in-black-gm-records-2-5b-profit-in-q2/ http://www.thetruthaboutcars.com/2011/08/with-opel-back-in-black-gm-records-2-5b-profit-in-q2/#comments Thu, 04 Aug 2011 15:08:21 +0000 http://www.thetruthaboutcars.com/?p=405789 GM has announced its Q2 earnings [Analyst slides in PDF here], and the firm has recorded a healthy $2.5b profit for the quarter on strong North American performance and an end to losses from the European Opel division. In fact, on an EBIT (earnings before interest and taxes) basis, all of GM’s global divisions were […]

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GM has announced its Q2 earnings [Analyst slides in PDF here], and the firm has recorded a healthy $2.5b profit for the quarter on strong North American performance and an end to losses from the European Opel division. In fact, on an EBIT (earnings before interest and taxes) basis, all of GM’s global divisions were […]

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Ford Reports $1.7b Profit For Q3 http://www.thetruthaboutcars.com/2010/10/ford-reports-1-7b-profit-for-q3/ http://www.thetruthaboutcars.com/2010/10/ford-reports-1-7b-profit-for-q3/#comments Tue, 26 Oct 2010 14:57:51 +0000 http://www.thetruthaboutcars.com/?p=370258 Ford’s profitability outstripped even yesterday‘s $1.37b estimate, coming in at a whopping $1.68b, as Ford made mad money in the North American market in the 3rd Quarter of this year, for a fifth consecutive profitable quarter. Global revenue was down by about $1b, but excluding Volvo from Q33 2009 results, revenue was actually up $1.7b. […]

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Ford’s profitability outstripped even yesterday‘s $1.37b estimate, coming in at a whopping $1.68b, as Ford made mad money in the North American market in the 3rd Quarter of this year, for a fifth consecutive profitable quarter. Global revenue was down by about $1b, but excluding Volvo from Q33 2009 results, revenue was actually up $1.7b. […]

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GM Announces $1.3b Q2 Profit http://www.thetruthaboutcars.com/2010/08/gm-announces-1-3b-q2-profit/ http://www.thetruthaboutcars.com/2010/08/gm-announces-1-3b-q2-profit/#comments Thu, 12 Aug 2010 13:55:36 +0000 http://www.thetruthaboutcars.com/?p=362795 GM has released its Q2 earnings, and it’s pulled off a $1.3b net profit on improved North American revenue, and narrower losses on GM Europe. Revenues for GM International, however, were down to about half of their Q1 level. Despite over $1b in capital expenditures last quarter, GM  managed to improve free cash flow from […]

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GM has released its Q2 earnings, and it’s pulled off a $1.3b net profit on improved North American revenue, and narrower losses on GM Europe. Revenues for GM International, however, were down to about half of their Q1 level. Despite over $1b in capital expenditures last quarter, GM  managed to improve free cash flow from […]

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GM Q1 Global Sales: Improving, But Not Dominating http://www.thetruthaboutcars.com/2010/05/gm-q1-global-sales-improving-but-not-dominating/ http://www.thetruthaboutcars.com/2010/05/gm-q1-global-sales-improving-but-not-dominating/#comments Mon, 17 May 2010 15:24:56 +0000 http://www.thetruthaboutcars.com/?p=356731 Whereas Chrysler’s surprise operating profit in the first quarter of this year was achieved mainly through cost-cutting, GM’s just-announced Q1 profit comes on the strength of sales increases in most of its global markets. Though The General’s sales numbers are still lower than they need to be, momentum is headed in the right direction… albeit […]

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Whereas Chrysler’s surprise operating profit in the first quarter of this year was achieved mainly through cost-cutting, GM’s just-announced Q1 profit comes on the strength of sales increases in most of its global markets. Though The General’s sales numbers are still lower than they need to be, momentum is headed in the right direction… albeit […]

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Ford Pulls In $2.08 Billion Q1 Profit http://www.thetruthaboutcars.com/2010/04/ford-pulls-in-2-08-billion-q1-profit/ http://www.thetruthaboutcars.com/2010/04/ford-pulls-in-2-08-billion-q1-profit/#comments Tue, 27 Apr 2010 14:09:17 +0000 http://www.thetruthaboutcars.com/?p=354359 The Ford Motor Company released its first quarter earnings today [Full report here, Slide presentation here (both PDF)], revealing that it gained over $2b in net profit on rising revenue and improved operating margins. Sales receipts rose to over $28b, and with each of Ford’s regional units posted operating profits, Ford’s gross automotive cash rose […]

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The Ford Motor Company released its first quarter earnings today [Full report here, Slide presentation here (both PDF)], revealing that it gained over $2b in net profit on rising revenue and improved operating margins. Sales receipts rose to over $28b, and with each of Ford’s regional units posted operating profits, Ford’s gross automotive cash rose […]

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GM Lost $4.3b In The Second Half Of 2009 http://www.thetruthaboutcars.com/2010/04/gm-lost-4-3b-in-the-second-half-of-2009/ http://www.thetruthaboutcars.com/2010/04/gm-lost-4-3b-in-the-second-half-of-2009/#comments Wed, 07 Apr 2010 15:34:43 +0000 http://www.thetruthaboutcars.com/?p=351687 GM has announced its “fresh-start” post-bankruptcy accounting results, and between July and December of last year, the bailed-out automaker lost $4.3b [press release here, full numbers here, in PDF format]. The loss comes despite $57.5b in global revenue, and $1b in “net cash provided by operating activities.” According to GM’s release: The $4.3 billion net […]

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GM has announced its “fresh-start” post-bankruptcy accounting results, and between July and December of last year, the bailed-out automaker lost $4.3b [press release here, full numbers here, in PDF format]. The loss comes despite $57.5b in global revenue, and $1b in “net cash provided by operating activities.” According to GM’s release: The $4.3 billion net […]

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GM Will Miss Financial Results Filing Deadline http://www.thetruthaboutcars.com/2010/03/gm-will-miss-financial-results-filing-deadline/ http://www.thetruthaboutcars.com/2010/03/gm-will-miss-financial-results-filing-deadline/#comments Tue, 30 Mar 2010 17:26:45 +0000 http://www.thetruthaboutcars.com/?p=350803 Ohio.com reports that GM will miss a March 31 deadline for filing its first GAAP-compliant financial results since emerging from bankruptcy. According to an SEC 10k filing: General Motors Company (the “Company”) is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2009 (the “2009 Form 10-K”) by […]

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Ohio.com reports that GM will miss a March 31 deadline for filing its first GAAP-compliant financial results since emerging from bankruptcy. According to an SEC 10k filing: General Motors Company (the “Company”) is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2009 (the “2009 Form 10-K”) by […]

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Quote Of The Day: Old Lines From New Faces Edition http://www.thetruthaboutcars.com/2010/03/quote-of-the-day-old-lines-from-new-faces-edition/ http://www.thetruthaboutcars.com/2010/03/quote-of-the-day-old-lines-from-new-faces-edition/#comments Wed, 17 Mar 2010 22:17:30 +0000 http://www.thetruthaboutcars.com/?p=349358 Even in the few months I’ve been here, I’ve been encouraged by the progress we’ve made, but when it will all come together is impossible to say… We’ll do it when we’re ready GM’s CFO Chris Liddell talks IPO with Automotive News [sub], without apparently ever using the word IPO. Or saying anything that didn’t […]

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Even in the few months I’ve been here, I’ve been encouraged by the progress we’ve made, but when it will all come together is impossible to say… We’ll do it when we’re ready GM’s CFO Chris Liddell talks IPO with Automotive News [sub], without apparently ever using the word IPO. Or saying anything that didn’t […]

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Ford, Ford Credit Record 2009 Profit http://www.thetruthaboutcars.com/2010/01/ford-ford-credit-record-2009-profit/ http://www.thetruthaboutcars.com/2010/01/ford-ford-credit-record-2009-profit/#comments Thu, 28 Jan 2010 15:18:42 +0000 http://www.thetruthaboutcars.com/?p=343302 The Ford Motor Company [full results in PDF format here] earned net income of $2.7b last year, on pre-tax operating profits of $454m. The company enjoyed a strong fourth quarter with $868m in net income and an after-tax operating profit of $1.6b (excluding special items). Ford Motor Credit [full release in PDF format here] earned […]

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The Ford Motor Company [full results in PDF format here] earned net income of $2.7b last year, on pre-tax operating profits of $454m. The company enjoyed a strong fourth quarter with $868m in net income and an after-tax operating profit of $1.6b (excluding special items). Ford Motor Credit [full release in PDF format here] earned […]

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