The Truth About Cars » Profit http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 12 Feb 2016 18:54:02 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Profit http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com General Motors Posts Largest Quarterly Profit Since Bankruptcy http://www.thetruthaboutcars.com/2015/10/general-motors-posts-largest-quarterly-profit-since-bankruptcy/ http://www.thetruthaboutcars.com/2015/10/general-motors-posts-largest-quarterly-profit-since-bankruptcy/#comments Wed, 21 Oct 2015 19:00:13 +0000 http://www.thetruthaboutcars.com/?p=1201809 General Motors announced Wednesday that third quarter, adjusted profit for the company was $3.1 billion, led by truck sales in North America and car sales in China. The net revenue was down $500 million from the same period last year, which GM says is due to currency fluctuations, but the automaker’s profits were decidedly higher. Automotive […]

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General Motors announced Wednesday that third quarter, adjusted profit for the company was $3.1 billion, led by truck sales in North America and car sales in China. The net revenue was down $500 million from the same period last year, which GM says is due to currency fluctuations, but the automaker’s profits were decidedly higher. Automotive […]

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Ford Posts $1.9B Second Quarter Profit, Largest Since 2000 http://www.thetruthaboutcars.com/2015/07/ford-posts-1-9b-second-quarter-profit-largest-since-2000/ http://www.thetruthaboutcars.com/2015/07/ford-posts-1-9b-second-quarter-profit-largest-since-2000/#comments Tue, 28 Jul 2015 17:00:07 +0000 http://www.thetruthaboutcars.com/?p=1126521 Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News. The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for […]

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Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News. The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for […]

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QOTD: Why Do Automakers Care So Much About Sales? http://www.thetruthaboutcars.com/2015/06/qotd-why-do-automakers-care-so-much-about-sales/ http://www.thetruthaboutcars.com/2015/06/qotd-why-do-automakers-care-so-much-about-sales/#comments Fri, 26 Jun 2015 11:00:07 +0000 http://www.thetruthaboutcars.com/?p=1100425 I always get a little dismayed whenever I hear a car company talking about sales volume targets. Yes, sure, reasonable sales targets are OK. Acceptable sales targets. If Toyota wants to say they’re going to sell one billion Camry units this year because they sold 997 million last year, that’s fine with me. If Honda […]

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I always get a little dismayed whenever I hear a car company talking about sales volume targets. Yes, sure, reasonable sales targets are OK. Acceptable sales targets. If Toyota wants to say they’re going to sell one billion Camry units this year because they sold 997 million last year, that’s fine with me. If Honda […]

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Piston Slap: To Love an Italian…Turbo Diesel? http://www.thetruthaboutcars.com/2013/08/piston-slap-to-love-an-italian-turbo-diesel/ http://www.thetruthaboutcars.com/2013/08/piston-slap-to-love-an-italian-turbo-diesel/#comments Mon, 19 Aug 2013 12:25:57 +0000 http://www.thetruthaboutcars.com/?p=499843 Don writes: I have acquired two VM Motori RA 428 engines that were pulled from new Chrysler minivans in 2009. The van were converted to electric drivetrain in LA. I want to install them in a pickup but because they were never installed in a truck from the factory, it will have to be a […]

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Don writes: I have acquired two VM Motori RA 428 engines that were pulled from new Chrysler minivans in 2009. The van were converted to electric drivetrain in LA. I want to install them in a pickup but because they were never installed in a truck from the factory, it will have to be a […]

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Tesla Reports Q1 Profit, Cancels 40 kWh Model http://www.thetruthaboutcars.com/2013/04/tesla-reports-q1-profit-cancels-40-kwh-model/ http://www.thetruthaboutcars.com/2013/04/tesla-reports-q1-profit-cancels-40-kwh-model/#comments Mon, 01 Apr 2013 17:05:38 +0000 http://www.thetruthaboutcars.com/?p=483094 Just ahead of their Q1 2013 earnings called, Tesla announced that they were profitable in the first quarter of the year, with deliveries exceeding their own targets. In addition, Tesla has also decided to discontinue the base trim of the Model S due to a lack of demand. Tesla reported 4,750 deliveries of the Model […]

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Just ahead of their Q1 2013 earnings called, Tesla announced that they were profitable in the first quarter of the year, with deliveries exceeding their own targets. In addition, Tesla has also decided to discontinue the base trim of the Model S due to a lack of demand. Tesla reported 4,750 deliveries of the Model […]

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Industry: Optimism Is Back, But Only A Little At A Time http://www.thetruthaboutcars.com/2012/05/optimism-is-back-sorta/ http://www.thetruthaboutcars.com/2012/05/optimism-is-back-sorta/#comments Tue, 22 May 2012 16:28:15 +0000 http://www.thetruthaboutcars.com/?p=445547 Optimism sure ain’t what it used to be. Introducing its latest survey of auto industry executives [PDF], Booz & Co. proclaims that “optimism is skyrocketing,” and that “a new wave of optimism is overtaking the U.S. auto industry.” They’re not wrong, but for those used to the pre-bailout days of unabashed optimism dressed up as analysis, the […]

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Optimism sure ain’t what it used to be. Introducing its latest survey of auto industry executives [PDF], Booz & Co. proclaims that “optimism is skyrocketing,” and that “a new wave of optimism is overtaking the U.S. auto industry.” They’re not wrong, but for those used to the pre-bailout days of unabashed optimism dressed up as analysis, the […]

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GM Reports $1b Q1 Profit, Still Seeking “Competitive Levels Of Profitability” http://www.thetruthaboutcars.com/2012/05/gm-reports-1b-q1-profit-still-seeking-competitive-levels-of-profitability/ http://www.thetruthaboutcars.com/2012/05/gm-reports-1b-q1-profit-still-seeking-competitive-levels-of-profitability/#comments Thu, 03 May 2012 19:01:42 +0000 http://www.thetruthaboutcars.com/?p=442797 Once upon a time, GM’s North American operations spewed red ink across the firm’s balance sheet, with the whole mess kept afloat by relatively strong overseas operations. Now GM makes most of its money at home while its international divisions limp along. No, really: in its just-released Q1 financial report, GM reveals that some $1.7b […]

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Once upon a time, GM’s North American operations spewed red ink across the firm’s balance sheet, with the whole mess kept afloat by relatively strong overseas operations. Now GM makes most of its money at home while its international divisions limp along. No, really: in its just-released Q1 financial report, GM reveals that some $1.7b […]

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The 12 Most Profitable Vehicles Since 1990 http://www.thetruthaboutcars.com/2011/11/the-12-most-profitable-vehicles-since-1990/ http://www.thetruthaboutcars.com/2011/11/the-12-most-profitable-vehicles-since-1990/#comments Wed, 23 Nov 2011 18:49:24 +0000 http://www.thetruthaboutcars.com/?p=419707 What matters in the world of cars? It’s a question we’re always asking here at TTAC, and depending on your perspective, the answer could be almost anything. But for all of their cultural significance, cars are ultimately a business, and if you had to boil down the value of a vehicle to one single attribute, […]

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What matters in the world of cars? It’s a question we’re always asking here at TTAC, and depending on your perspective, the answer could be almost anything. But for all of their cultural significance, cars are ultimately a business, and if you had to boil down the value of a vehicle to one single attribute, […]

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Musk Sees Tesla Profit In 2013, But Losses (And Issues) Are Still Piling Up http://www.thetruthaboutcars.com/2011/10/musk-sees-tesla-profit-in-2013-but-losses-and-issues-are-still-piling-up/ http://www.thetruthaboutcars.com/2011/10/musk-sees-tesla-profit-in-2013-but-losses-and-issues-are-still-piling-up/#comments Mon, 31 Oct 2011 19:18:05 +0000 http://www.thetruthaboutcars.com/?p=416223 According to Tesla CEO Elon Musk, the EV luxury brand has pre-sold all 6,500 units of its new Model S to be built next year, and the company is on-track for a 2013 profit. Bt if you’re comparing Tesla to the erstwhile EV darling BYD in order for it to look good, you have to […]

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According to Tesla CEO Elon Musk, the EV luxury brand has pre-sold all 6,500 units of its new Model S to be built next year, and the company is on-track for a 2013 profit. Bt if you’re comparing Tesla to the erstwhile EV darling BYD in order for it to look good, you have to […]

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“Brave New World”: AlixPartners Predicts Auto Market Headwinds, “Competitive Convergence,” And Other Challenges http://www.thetruthaboutcars.com/2011/07/brave-new-world-alixpartners-predicts-auto-market-headwinds-competitive-convergence-and-other-challenges/ http://www.thetruthaboutcars.com/2011/07/brave-new-world-alixpartners-predicts-auto-market-headwinds-competitive-convergence-and-other-challenges/#comments Fri, 29 Jul 2011 21:13:28 +0000 http://www.thetruthaboutcars.com/?p=404764 AlixPartners, the consulting firm that led GM’s reorganization efforts, has put the perennial optimism of auto industry analysts on notice, introducing its 2011 Automotive Outlook by arguing The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back handsomely – North American original equipment manufacturers (OEMs) posted $12.5 billion in […]

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AlixPartners, the consulting firm that led GM’s reorganization efforts, has put the perennial optimism of auto industry analysts on notice, introducing its 2011 Automotive Outlook by arguing The AlixPartners 2011 Automotive Outlook finds that while automakers and suppliers have seen profits bounce back handsomely – North American original equipment manufacturers (OEMs) posted $12.5 billion in […]

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Chew On That: Ford Announces $8.3 Billion Profit http://www.thetruthaboutcars.com/2011/01/chew-on-that-ford-announces-8-3-billion-profit/ http://www.thetruthaboutcars.com/2011/01/chew-on-that-ford-announces-8-3-billion-profit/#comments Fri, 28 Jan 2011 12:05:00 +0000 http://www.thetruthaboutcars.com/?p=382088 Ford did not disappoint and today announced its biggest annual profit in a decade. According to a Ford release, the company booked $8.3 billion in pre-tax profits for 2010. That is a $3.8 billion increase from a year ago. Ford ended 2010 with Automotive gross cash exceeding debt by $1.4 billion, an improvement of $10.1 billion from […]

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Ford did not disappoint and today announced its biggest annual profit in a decade. According to a Ford release, the company booked $8.3 billion in pre-tax profits for 2010. That is a $3.8 billion increase from a year ago. Ford ended 2010 with Automotive gross cash exceeding debt by $1.4 billion, an improvement of $10.1 billion from […]

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Carried By New Grand Cherokee, Chrysler Loses $84m In Q3 http://www.thetruthaboutcars.com/2010/11/carried-by-new-grand-cherokee-chrysler-loses-84m-in-q3/ http://www.thetruthaboutcars.com/2010/11/carried-by-new-grand-cherokee-chrysler-loses-84m-in-q3/#comments Mon, 08 Nov 2010 16:40:44 +0000 http://www.thetruthaboutcars.com/?p=371785 Chrysler lost $84m last quarter on an operating profit of $239m, showing slow but consistent progress from last quarter’s $172m loss [Press release here, slides here, both in PDF]. Chrysler has lost $453m since the beginning of this year. Overall deliveries and sales were down slightly compared to Q2 2010, but thanks to a strong […]

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Chrysler lost $84m last quarter on an operating profit of $239m, showing slow but consistent progress from last quarter’s $172m loss [Press release here, slides here, both in PDF]. Chrysler has lost $453m since the beginning of this year. Overall deliveries and sales were down slightly compared to Q2 2010, but thanks to a strong […]

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GM Releases Preliminary Q3 Results, Estimates $2b Net Income http://www.thetruthaboutcars.com/2010/11/gm-releases-preliminary-q3-results-estimates-2b-net-income/ http://www.thetruthaboutcars.com/2010/11/gm-releases-preliminary-q3-results-estimates-2b-net-income/#comments Thu, 04 Nov 2010 14:51:03 +0000 http://www.thetruthaboutcars.com/?p=371465 With its IPO hitting markets, GM has released limited preliminary results that show the firm earned $1.9b to $2.1b in the third quarter of this year. That performance outstripped Ford’s $1.73b Q3 profit, and GM’s $36b in revenue also beat Ford’s $29b figure for the same quarter. GM also announced that it expects to generate […]

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With its IPO hitting markets, GM has released limited preliminary results that show the firm earned $1.9b to $2.1b in the third quarter of this year. That performance outstripped Ford’s $1.73b Q3 profit, and GM’s $36b in revenue also beat Ford’s $29b figure for the same quarter. GM also announced that it expects to generate […]

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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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Marchionne Blames Bailout For Profit-Free 2010 http://www.thetruthaboutcars.com/2010/08/marchionne-blames-bailout-for-profit-free-2010/ http://www.thetruthaboutcars.com/2010/08/marchionne-blames-bailout-for-profit-free-2010/#comments Tue, 24 Aug 2010 15:08:52 +0000 http://www.thetruthaboutcars.com/?p=363683 We’re hardly shocked by the idea that Chrysler won’t turn profit this year. After all, Auburn Hills has barely made its minimum monthly sales volumes (at best, and with rampant incentives and fleet mix) this year, and lost $50m+ in “industrial inefficiencies” on the Jeep Grand Cherokee launch alone [Q2 results analysis here]. With plans […]

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We’re hardly shocked by the idea that Chrysler won’t turn profit this year. After all, Auburn Hills has barely made its minimum monthly sales volumes (at best, and with rampant incentives and fleet mix) this year, and lost $50m+ in “industrial inefficiencies” on the Jeep Grand Cherokee launch alone [Q2 results analysis here]. With plans […]

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Quote Of The Day: Professional Jealousy Edition http://www.thetruthaboutcars.com/2010/07/quote-of-the-day-professional-jealousy-edition/ http://www.thetruthaboutcars.com/2010/07/quote-of-the-day-professional-jealousy-edition/#comments Mon, 26 Jul 2010 16:27:00 +0000 http://www.thetruthaboutcars.com/?p=361586 When Chrysler’s CEO Sergio Marchionne took the stage over the weekend to honor Lee Iacocca with an induction into the Walter P. Chrysler Legacy circle, he admitted to feeling unworthy of honoring Chrysler’s most famous executive in recent memory, and called Ford’s Alan Mulally and the UAW’s Bob King to help share the honor. And […]

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When Chrysler’s CEO Sergio Marchionne took the stage over the weekend to honor Lee Iacocca with an induction into the Walter P. Chrysler Legacy circle, he admitted to feeling unworthy of honoring Chrysler’s most famous executive in recent memory, and called Ford’s Alan Mulally and the UAW’s Bob King to help share the honor. And […]

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Ford Reports $2.6b Q2 Profit http://www.thetruthaboutcars.com/2010/07/ford-reports-2-6b-q2-profit/ http://www.thetruthaboutcars.com/2010/07/ford-reports-2-6b-q2-profit/#comments Fri, 23 Jul 2010 15:38:33 +0000 http://www.thetruthaboutcars.com/?p=361447 Ford Motor Company has announced its second-quarter results for 2010, and the company says it earned $2.6b over the last three months on $2.9b in operating profit before special items. In a departure from the typical model for domestic automakers, Ford’s growth was largely driven by improvement in North American results: Ford earned $1.9b in […]

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Ford Motor Company has announced its second-quarter results for 2010, and the company says it earned $2.6b over the last three months on $2.9b in operating profit before special items. In a departure from the typical model for domestic automakers, Ford’s growth was largely driven by improvement in North American results: Ford earned $1.9b in […]

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GM Q1 Profit: $865m After Dividends http://www.thetruthaboutcars.com/2010/05/gm-q1-profit-865m-after-dividends/ http://www.thetruthaboutcars.com/2010/05/gm-q1-profit-865m-after-dividends/#comments Mon, 17 May 2010 14:02:42 +0000 http://www.thetruthaboutcars.com/?p=356710 Well, the suspense is over. General Motors announced its Q1 earnings this morning, and for the first time since 2007 the quarterly numbers are positive. GM’s net revenue jumped to nearly $31.5b on strong performances from its North American and GM International Operations (GMIO), and across-the-board sales improvement for the Chevy brand. General Motors Europe […]

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Well, the suspense is over. General Motors announced its Q1 earnings this morning, and for the first time since 2007 the quarterly numbers are positive. GM’s net revenue jumped to nearly $31.5b on strong performances from its North American and GM International Operations (GMIO), and across-the-board sales improvement for the Chevy brand. General Motors Europe […]

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Ford Shareholders Meeting: Profit This Year, But No Dividend http://www.thetruthaboutcars.com/2010/05/ford-shareholders-meeting-profit-this-year-but-no-dividend/ http://www.thetruthaboutcars.com/2010/05/ford-shareholders-meeting-profit-this-year-but-no-dividend/#comments Thu, 13 May 2010 21:39:59 +0000 http://www.thetruthaboutcars.com/?p=356479 After four straight profitable quarters, Alan Mulally’s forecast today of a “solidly profitable” 2010 shouldn’t come as a huge surprise. But, as Executive Chairman Bill Ford put it to Ford shareholders at the company’s annual meeting [via AP], It is the very early days in our recovery. We still have a lot of debt And […]

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After four straight profitable quarters, Alan Mulally’s forecast today of a “solidly profitable” 2010 shouldn’t come as a huge surprise. But, as Executive Chairman Bill Ford put it to Ford shareholders at the company’s annual meeting [via AP], It is the very early days in our recovery. We still have a lot of debt And […]

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Nissan Leaf “On Track” To Make Money In First Year On The Market http://www.thetruthaboutcars.com/2010/04/nissan-leaf-on-track-to-make-money-in-first-year-on-the-market/ http://www.thetruthaboutcars.com/2010/04/nissan-leaf-on-track-to-make-money-in-first-year-on-the-market/#comments Fri, 30 Apr 2010 17:07:33 +0000 http://www.thetruthaboutcars.com/?p=354836 With over 8,000 pre-orders already logged, Reuters reports that Nissan is well on its way to selling out its capacity-constrained, 25,000-unit first-year production run of Leaf EVs. Better yet, Nissan’s North America director of product planning and strategy Mark Perry says that, with those sales volumes, the Leaf will actually turn a profit for Nissan. […]

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With over 8,000 pre-orders already logged, Reuters reports that Nissan is well on its way to selling out its capacity-constrained, 25,000-unit first-year production run of Leaf EVs. Better yet, Nissan’s North America director of product planning and strategy Mark Perry says that, with those sales volumes, the Leaf will actually turn a profit for Nissan. […]

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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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Hyundai Nets Over $1b, Breaks Quarterly Profit Record Again http://www.thetruthaboutcars.com/2010/04/hyundai-nets-over-1b-breaks-quarterly-profit-record-again/ http://www.thetruthaboutcars.com/2010/04/hyundai-nets-over-1b-breaks-quarterly-profit-record-again/#comments Thu, 22 Apr 2010 17:52:53 +0000 http://www.thetruthaboutcars.com/?p=353765 Building on solid financial results in the fourth quarter of last year, Hyundai has announced today that it turned a net profit of about $1.02b (as in billion) in Q1 2010. That shatters a previous record of $650m, recorded in the second quarter of last year, and eclipses last year’s $203m Q1 net profit. According […]

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Building on solid financial results in the fourth quarter of last year, Hyundai has announced today that it turned a net profit of about $1.02b (as in billion) in Q1 2010. That shatters a previous record of $650m, recorded in the second quarter of last year, and eclipses last year’s $203m Q1 net profit. According […]

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Did GM Lose Money Again In Q1? http://www.thetruthaboutcars.com/2010/04/did-gm-lose-money-again-in-q1/ http://www.thetruthaboutcars.com/2010/04/did-gm-lose-money-again-in-q1/#comments Wed, 14 Apr 2010 18:20:32 +0000 http://www.thetruthaboutcars.com/?p=352491 Don’t ask Chairman/CEO Ed Whitacre. His only comments so far on GM’s Q1 2010 performance comes from a memo leaked to Reuters, in which he says: In January, I said we could earn a profit in 2010, if everything falls into place. Our first quarter financial results will show us an important milestone, and I’m […]

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Don’t ask Chairman/CEO Ed Whitacre. His only comments so far on GM’s Q1 2010 performance comes from a memo leaked to Reuters, in which he says: In January, I said we could earn a profit in 2010, if everything falls into place. Our first quarter financial results will show us an important milestone, and I’m […]

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Marchionne: Chrysler Will Break Even This Year. Really. http://www.thetruthaboutcars.com/2010/03/marchionne-chrysler-will-break-even-this-year-really/ http://www.thetruthaboutcars.com/2010/03/marchionne-chrysler-will-break-even-this-year-really/#comments Tue, 30 Mar 2010 17:56:30 +0000 http://www.thetruthaboutcars.com/?p=350811 Poor Sergio Marchionne… the man can’t go anywhere without being interrupted. The Fiat/Chrysler CEO’s speech today in the buildup to the New York Auto Show was interrupted twice, once by the the ubiquitous Teamster protesters, and once by a test of the hotel’s fire alarm system. But then, maybe people would let him speak if […]

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Poor Sergio Marchionne… the man can’t go anywhere without being interrupted. The Fiat/Chrysler CEO’s speech today in the buildup to the New York Auto Show was interrupted twice, once by the the ubiquitous Teamster protesters, and once by a test of the hotel’s fire alarm system. But then, maybe people would let him speak if […]

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BYD Charges Ahead http://www.thetruthaboutcars.com/2010/03/byd-charges-ahead/ http://www.thetruthaboutcars.com/2010/03/byd-charges-ahead/#comments Mon, 15 Mar 2010 14:36:26 +0000 http://www.thetruthaboutcars.com/?p=348971 Chinese battery maker and aspiring automaker BYD earned $215m in the fourth quarter of 2009, bringing its net profit for last year to $555.2m, reports Automotive News [sub]. BYD’s performance outstripped analyst estimates, which projected fourth quarter profits of $130.5m, and full-year profits of $473.2m. Though the Chinese auto market grew 46 percent to 1.6m […]

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Chinese battery maker and aspiring automaker BYD earned $215m in the fourth quarter of 2009, bringing its net profit for last year to $555.2m, reports Automotive News [sub]. BYD’s performance outstripped analyst estimates, which projected fourth quarter profits of $130.5m, and full-year profits of $473.2m. Though the Chinese auto market grew 46 percent to 1.6m […]

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