Skip to main content

Earnings/Financials

  • 0
    Report: Opel execs wonder how recent GM moves will alter their business
    1388064600

    The ship called Opel has been heaving through a storm, non-stop, for more than a decade. The aborted sale in 2009 when General Motors decided it could do better than potential buyers only led to estimates of up to $20 billion in costs to GM, more years of turnaround plans, retreat from global ...

  • 0
    Official: GM stake in Peugeot sold in a day, GM loses millions
    1387840200

    The fling between General Motors and PSA/Peugeot-Citroën isn't kaput, but the flirting couple has separated its finances. Just a day after announcing its intention to divest itself of its seven-percent stake in the French automaker, GM had done so, getting 250 million euros ($342M US) for ...

  • 0
    Report: Fiat and UAW back at negotiating table over Chrysler stake
    1387813380

    We knew there'd be no Chrysler IPO before the end of this year, but Fiat is determined to get the best run going into 2014 and is back at the poker table with the UAW. The delay was said to be Chrysler's desire to clean up a tax issue with the IRS; turns out that also bought the carmaker time to ...

  • 0
    Report: Bertone nearly bankrupt again?
    1387805400

    Times are tough for coachbuilders these days. Karmann shut down a few years ago. Pininfarina only returned to profitability a year ago for the first time in nearly a decade. Italdesign Giugiaro has been subsumed into the Volkswagen Group (and not a moment too early). Fisker shifted from rebodying ...

  • 0
    Report: Ford shares falling on news of lower-than-expected profits next year
    1387398660

    Ford has released projections for its 2013 profits, along with predictions of its 2014 earnings, and the news has forced the company's stock to stumble, falling over seven percent as of this writing. The Blue Oval is expecting earnings of $8.34 billion for 2013, although the bulk of that is ...

  • 0
    Report: World auto sales to hit 100M by 2018?
    1387379700

    Good news is on the horizon for global automakers as a confluence of factors could lead the number of cars sold globally to surge from the current estimate of 82 million for 2013 to over 100 million by 2018, according to a recent report from The Detroit Free Press. What's interesting, though, is ...

  • 0
    Study: GM, Chrysler bailouts saved 2.6 million jobs
    1386698460

    The Center for Automotive Research (CAR) has been studying the effects of the General Motors and Chrysler bailouts in 2009. Now that the US Treasury has officially sold off the rest of its stake in GM (and Chrysler has already paid back its loan), CAR has released its study on the effects of the ...

  • 0
    Report: Fiat set to invest $12B on new models, stop Euro losses in 3 years
    1386630000

    Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though ...

  • 0
    Official: US government sells off last remaining shares in GM
    1386626940

    According to a report from CNBC, the US government has sold off the last of its remaining shares in General Motors. Secretary Jack Lew reports that $39 billion of the $49.5 billion investment in GM has been recovered, meaning that the investment, on paper, cost taxpayers a total of $10 ...

  • 0
    Report: GM stock hits all-time high above $40
    1386530100

    When we want to know how a car company is doing, one thing we typically look at is how many cars it's selling. That means Toyota is the largest, General Motors the second, followed by Volkswagen, then down the line. But there are other metrics by which to evaluate how an automaker is doing. That, ...

  • 0
    Report: Lewis Hamilton never paid his father for being his manager
    1386447420

    Formula One champion Lewis Hamilton once offered to give his father and former manager, Anthony, a cash gift of up to $4 million after the father-son pair split in 2010. But in a court hearing, he said he never was paid by his son nor accepted cash gifts from him, The Telegraph reports. The court ...

  • 0
    Report: House proposes 15-cent federal gas tax hike [w/poll]
    1386279000

    The cost of a gallon of fuel may go up if a Democratic representative from Oregon gets his way. Earl Blumenauer has reportedly proposed a bill in the House of Representatives to raise the federal gas tax 15 cents per gallon in a bid to cover a shortfall in transportation funding (we told you ...

  • 0
    Report: GM to shutter Holden by 2016? [UPDATE]
    1386257340

    Just how long are the lights at General Motors' Australian subsidiary, Holden, going to remain on? According to a government report obtained by Australia's ABC and reported via the country's News.com.au website, not past 2016. The news comes mere months after Ford announced plans to end its ...

  • 0
    Report: UAW mulling first dues hike since 1967
    1386196260

    Prices for most goods and services have risen substantially since 1967, but apparently monthly dues for the United Auto Workers union have stayed exactly the same. All that might change, however, as Reuters reports that UAW members could soon pay a little more for their union ...

  • 0
    Breaking: Wiesmann pulls itself out of bankruptcy
    1385659740

    There's been a raft of bankruptcies declared among niche European automakers recently. In the past year, the Cosworth, Gumpert, Artega, Lola and the London Taxi Company have all gone the way of the dodo. But the one we were most gutted by was Wiesmann. The German producer of retro sportscars and ...

  • 0
    Report: Gilles blames slow Viper sales on poor dealer ordering, says order books are full
    1385481480

    Since it hit the market with a bang, the SRT Viper has mainly soldiered on making nothing more than a whimper. Demand for the reborn, V10-powered rocket has struggled, although SRT boss Ralph Gilles remains committed to the slinky serpent, according to a report from Wards. "The plant is booked ...

  • 0
    Report: Chrysler stays IPO until 2014
    1385406000

    There will not be a Chrysler IPO in 2013. Fiat, according to a report from Forbes, has announced that it will not be able to make the American brand's initial public offering before the end of the year, saying that the short, five-week window that makes up the rest of 2013 is "not ...

  • 0
    Report: Mitsubishi boss says US operations may break even next year
    1385222400

    Mitsubishi has lost money in its North America operations every year since 2007, but in an interview at this week's Tokyo Motor Show, company president Osamu Masuko said, "If things keep going well, it might be the case that we break even this year," Automotive News reports. A little context: ...

  • 0
    Study: Survey says most car buyers unaware of EV incentives
    1384895700

    An Indiana University study that surveyed some 2,000 drivers in 21 of America's largest cities finds that the general public is quite uninformed when it comes to incentives available when buying electric vehicles. In a report on the IU study from The Detroit News, we find that some 95 percent of ...

  • 0
    Report: Mazda CEO predicts record US sales in next 2 years
    1384817340

    The recently appointed CEO of Mazda is apparently quite the optimist, claiming that the Japanese brand, renowned for its Zoom-Zoom driving character (and more recently its sleek, refined designs and Skyactiv efficiency), is claiming the company will record its best-ever US sales within the next ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle