Profits


Jaguar/Land Rover reportedly chalks up $1.1B loss

The steep downturn of the world's luxury automotive markets has taken a toll on Jaguar/Land Rover, and the company's bottom line has taken a huge hit as a result. Automotive News is citing a Financial Times report that says Tata Motors' British luxury marques lost 673.4 million pounds ($1.11 billion U.S.) in 2008. That's a $2 billion swing from the 641.5 million pound ($1.05 billion) profit the British brands earned in 2007. Tata Motors said last month that Jaguar/Land Rover lost 306 million pounds ($504 million) for for the fiscal year ... Read more →

New Toyota CEO takes 30% pay cut, sees no recovery for two years Michael Harley

Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese ...

Lamborghini profits up 27% for 2008 due to cost-cutting, outlook for 2009 hazy Damon Lavrinc

Lamborghini has released its pre-tax profits for 2008, and the supercar manufacturer netted a total of 60 million euros ($79.6 million) last year for a 27% increase over 2007. Overall sales were ...

GM's Plan: Small cars making a big profit Jonathon Ramsey

GM currently owns about 13% of the small car market. With demand for small vehicles increasing with the price of black gold, GM is out to increase that market share. Nevertheless, even if it doesn't ...

Toyota delays U.S. crossover plant Michael Harley

Sluggish market conditions in the United States are the reason Toyota Motor Corp. is slowing down the launch of its new Highlander crossover plant in Tupelo, Mississippi. Originally scheduled to open ...

Mitsubishi's red ink dwindles 3 years ago on Autoblog

Isn't this a scary time in the auto business? When most of the big players report only on their ability to cut losses instead of make profits? Or how many workers they have successfully "reduced their workforce by" (read: let go)? That's the good news! Will we ever see a consistent return to ...

Scratch that: Chrysler Group definitely not for sale... maybe 3 years ago on Autoblog

When speaking on behalf of a group, it's in everyone's best interest to have a common 'message' agreed upon before addressing others. This didn't seem to be the case yesterday, when rumors of DaimlerChrysler selling their latter, less profitable, half began circulating. DaimlerChrysler's CFO, Bobo ...

Car insurance claims drop; industry unable to explain phenomenon 3 years ago on Autoblog

The good news for auto insurance companies is that claims have dropped 15% in the last four years, with the result of a similarly healthy bump in profit. The bad news, at least for an industry that depends on the reliable statistical prediction of trends, is that there is no clear reason for the ...

Probe into Delphi finances targets seven former company officials 3 years ago on Autoblog

Presumably, the fact that "target letters" have been sent to seven ex-Delphi executives by the Securities and Exchange Commission is not a welcome sign for those on the receiving end of that particular communiqué. It's likely that the letters are a step towards civil ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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