Tag: profits

By on January 26, 2016

Jeep-Renegade-19

On Wednesday, Fiat Chrysler Automobiles CEO Sergio Marchionne will update investors on his long-term plans and fourth-quarter profits — namely, how many Jeeps it sold — during his scheduled earnings conference call.

It’s widely expected that Sergio will address the near-certainty that Jeep will build a pickup based on the Wrangler, as well as the future for the Jeep Compass that’ll likely survive from the Patriot/Compass twin billing, and Jeep’s potential to keep afloat fledgling FCA brands such as Maserati and Alfa Romeo.

Analysts say FCA’s ambitious target of $5 billion profit by 2018 would be almost unattainable at this point.

“‘Ambitious’ is not really an adequate word to describe it, ‘fantasyland’ might be more appropriate,” Bernstein’s Max Warburton told Automotive News.

(Read More…)

By on January 6, 2016

AutoNation CEO Mike Jackson

The CEO of the largest car dealer in the U.S. told Reuters on Wednesday that automakers shouldn’t base incentives on volume, which could jeopardize cutting profits.

“We really have to watch the quality of volume,” AutoNation CEO Mike Jackson told Reuters. “We have to find the right balance between price and volume.”

Jackson said he doesn’t anticipate auto sales to waver far from 2015’s record year, but he does foresee “entering a new chapter” with weaker demand for cars.  (Read More…)

By on August 5, 2015

For the first time in the nameplate’s history, Toyota will offer a Limited version of its mid-size Tacoma — which was the fifth-best selling truck of all trucks last month — and that’s probably a big deal.

The automaker outlined for us the lineup for the new Tacoma, which will hit dealers in September, and the walk up to the Limited trim — which is at the top trim, for now — sounded light at the bottom and heavy at the top. We’re not allowed to discuss pricing yet, so that’ll have to wait.

However, a top-end Limited trim means that Tacoma isn’t immune to the immutable First Law of Pickup Trucks: You can charge whatever you want for these things. And product planners probably have more in store for the Tacoma. (Read More…)

By on May 1, 2015

Lotus Evora S Circa August 2013

After going broke for so long, Lotus Cars CEO Jean-Marc Gales says his company will be back in the black by March 2017, when FY 2016 ends.

(Read More…)

By on December 30, 2014

Seal_on_United_States_Department_of_the_Treasury_on_the_Building

The final tally is in: American taxpayers lost $9.26 billion from the Bush II/Obama-led rescue of the U.S. auto industry.

(Read More…)

By on October 27, 2014

opel-corsa-2015-18

Despite problems with the Russian market, as well as restructuring costs, General Motors says Vauxhall and Opel are on their way out of the red and into the black.

(Read More…)

By on July 17, 2014
2015 Corvette Z06. Full gallery here

2015 Corvette Z06. Full gallery here

The Chevrolet Corvette may be outselling all of Porsche’s sports car models combined, but GM will still sell fewer Corvettes this year than the number of Chevy Cruzes they are likely to sell this month. You might think that one of General Motors’ lowest volume cars could not contribute much to the company’s bottom line, but the success of the 7th generation Corvette will mean hundreds of millions of dollars more in profit this year for the automaker. (Read More…)

By on February 13, 2014

Auto Worker at Japanese Honda Factory

Labor unions across Japan are seeking increases in base salaries and bonuses as local manufacturers pull in record profits for the closing fiscal year.

(Read More…)

By on February 5, 2014

Delphi HQ Sign

In a statement made by Delphi Automotive this week, the supplier announced that they had more than doubled their net income in Q4 2013 to $298 million in comparison to $136 million in Q4 2012.

(Read More…)

By on January 30, 2014

FCA - Fiat Chrysler Automobiles

The American half of the newly dubbed Fiat Chrysler Automobiles reported a net income of $1.6 billion in Q4 2013, the majority of which came from a one-time tax gain of $962 million.

(Read More…)

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