Skip to main content

Earnings/Financials

  • 0
    Report: Krafcik says VW merging with Fiat Chrysler would be a 'brilliant' idea
    1415318340

    "For sure, these two companies have a natural attraction to each other." –John Krafcik Honestly, this is really hard to even imagine, but what if the Volkswagen Group merged with Fiat Chrysler Automobiles? Aside from being easily the largest automaker on the planet, it'd bring the ...

  • 0
    Report: GM faces $2B hit if bankruptcy protection provision fails
    1415309400

    General Motors could face settlements totaling near $2 billion if US bankruptcy judge Robert Gerber rules that executives knew the company might be liable to owners of cars with faulty ignition switches built before its July 2009 bankruptcy. An additional $500 million, according to calculations ...

  • 0
    Official: Chrysler Q3 profits surge to $611M but per-unit profits trouble
    1415301420

    Chrysler Group has announced its third-quarter financial results a little later than its crosstown rivals at General Motors and Ford, but the company has reason to celebrate thanks to strong numbers across the board. The biggest attention-grabber from the automaker is that its net income was up ...

  • 0
    Podcast: Autoblog Podcast #404
    BMW i8 And i3, SEMA, Ferrari Spun Off, Tom Magliozzi Passes Away 1415141040

    Episode #404 of the Autoblog Podcast is here, and this week, Dan Roth, Chris Paukert and Brandon Turkus talk about the BMW i8 and i3, this week's SEMA show, the looming Ferrari spin-off and the passing of Tom Magliozzi, longtime co-host of NPR's Car Talk. We start with what's in the garage and ...

  • 0
    Official: Hyundai-Kia fuel-economy errors trigger $300M in federal penalties [w/video]
    1415037480

    This amount includes $100-million in civil penalties, the largest such fines in EPA history. Hyundai and Kia are getting more than a slap on the wrist for overstating the fuel economy of an estimated 1.2-million vehicles in their 2011-2013 model ranges. The Environmental Protection Agency, ...

  • 0
    Report: Nurburgring bought by Russian billionaire
    1414796460

    The Nürburgring is among the greatest racetracks of the world, with decades of fantastic motorsports history born on the snaking course. However, it seems that running the place as a business is about as difficult as learning the 12.9 miles of corners on the Nordschleife. After a long ...

  • 0
    Official: Daimler buys 25 percent of MV Agusta
    1414784700

    BMW obviously builds motorcycles, and Volkswagen Group owns Ducati. Now, fellow German automaker Daimler is hopping into the two-wheel game by buying a 25-percent stake in Italian sportbike maker MV Agusta for an undisclosed price. According to Daimler's press release, its Mercedes-AMG division ...

  • 0
    U-Turn: What you missed on 10.29.14
    1414625520

    2015 Dodge Charger SRT Hellcat What's black, white and red all over? Not sure? Okay, what's black, white and red all over, boasts a stonkin' 707-horsepower supercharged V8 underhood, four doors with plenty of room for a party of five and a trunk big enough for all their stuff? That's right: It's ...

  • 0
    Official: Ferrari to be spun off from Fiat Chrysler
    1414594920

    The recently merged Fiat Chrysler Automobiles empire has ambitious plans for growth, and it's going to need some big bucks in its coffers in order to enact them. Part of that cash injection is coming from the floating of its IPO on the New York Stock Exchange, but now FCA has announced a further ...

  • 0
    Report: Lincoln's $5B revival bid hinges upon new D6 chassis
    1414434540

    It's no secret that Lincoln has received short shrift from the Ford Motor Company for years, and former CEO Alan Mullay even wanted to kill the whole thing off when he ran things. Today, things appear to be trending in a different direction. Fresh investment has helped enable a sizable marketing ...

  • 0
    Motorsports: Marussia F1 team also declares bankruptcy
    1414430940

    It looks like the 2014 FIA Formula One World Championship will wrap up with two fewer teams than it started. First the Caterham F1 team declared bankruptcy amidst an ownership dispute, and now the Marussia team has gone into bankruptcy administration as well. Alongside Caterham (then flying the ...

  • 0
    Report: GM wins appeal, dismissal of $3B Saab-related Spyker suit
    1414328460

    It's been a long time since we last heard of the legal battles between Spyker CEO Victor Muller and General Motors, the automaker from which Muller's company purchased the embattled Saab brand back in 2010. To refresh your memories, after struggling through 2011 and entering into bankruptcy, ...

  • 0
    Official: Ford Q3 pretax profits drop to $1.18B
    1414182480

    Following positive third quarter financial results recently from General Motors, rival Ford took a tumble in Q3. The automaker posted pre-tax profits of $1.18 billion, compared to about $2.59 billion in Q3 2013, a drop of around 54 percent. Net income also suffered with $835 million made in the ...

  • 0
    Report: Honda execs take 'quality-related' pay cut after Fit Hybrid's 5th recall
    1414105200

    Generally, the best policy in life is to admit when you're wrong and just accept the consequences. However, that attitude generally seems to be a bit less common in the world of business – at least without some government or legal prodding. So, it's especially surprising to learn that top ...

  • 0
    Official: GM beats quarterly earnings projections on strong NA sales
    1414088940

    General Motors recently announced its best third-quarter unit sales since 1980 with over 2.4 million vehicles sold globally. Now, the automaker has put out the financial portion of its Q3 results, and as the previous figures suggested, GM did very well for the quarter. It even beat analysts' ...

  • 0
    Motorsports: Caterham F1 manufacturer files for bankruptcy
    1414013460

    Caterham is hardly the most stable and successful team on the Formula One grid, but things are looking even more troubling for the embattled outfit, as the company that makes its racecars has reportedly filed for bankruptcy protection. The company in question, Caterham Sports Limited, is ...

  • 0
    Official: Daimler divests remaining interest in Tesla
    1413987300

    Back in 2009, Daimler acquired over 9 percent of Tesla. A couple of months later, it sold 40 percent of that stake to Abu Dhabi-based Aabar Investments. The following year, Tesla listed on the stock exchange and Daimler's interest was reduced to 4 percent. But now the German industrial giant has ...

  • 0
    Official: GM delivers best Q3 sales since 1980, 2.4M vehicles sold
    1413394380

    People are a weird sort. Even after registering over 70 recalls through the first three-quarters of 2014, General Motors saw its best Q3 results since Jimmy Carter was in the White House, registering over 2.4 million global sales between June and September on the back of strong results in the US ...

  • 0
    Report: Acura TLX's early sales results look promising
    1413324060

    Acura made a bold move earlier this year when it decided to axe two fairly popular models in the TL and TSX and replaced them with a single sedan: the TLX. After all, how often have you seen modern automakers consolidating vehicles in the lineup? But early indications have shown that the gamble ...

  • 0
    Report: GM ignition-switch recall death toll rises to 27
    1413290640

    When General Motors began addressing the ignition switch debacle earlier this year, it estimated that 13 people had died due to its negligence in replacing the faulty component. That figure, however, has more than doubled by now. According to Bloomberg, Kenneth Feinberg – the attorney whom ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle