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GM makes a buck in Q4 2006
General Motors reported its delayed fourth quarter earnings today and, lo and behold, managed to earn a net income of $950 million in the waning months of 2006. Compare that with last year's Q4 loss of $6.6 billion, and today's news is all the more incredible. Again, those tricky one-time items skewed the results somewhat, since $770 million was earned in Q4 for the sale of GMAC, the automaker's financing unit. Still, without the one-time bump, GM managed to earn $180 million. Cost cutting played a major role in GM's positive Q4 performance, ... Read more →
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GM makes a buck in Q4 2006 2 years ago on Autoblog
General Motors reported its delayed fourth quarter earnings today and, lo and behold, managed to earn a net income of $950 million in the waning months of 2006. Compare that with last year's Q4 loss of $6.6 billion, and today's news is all the more incredible. Again, those tricky one-time items ...
Chrysler increases expected Q3 loss by nearly $1 billion 3 years ago on Autoblog
The Chrysler Group is stepping in line with Ford today, which earlier announced more buyouts for Blue Oval workers, plant closings and that it won't see a profit in North America until 2009 at the earliest, to announce that it has increased the amount it expects to lose in the third quarter by ...
Autoblog Podcast #157: Mike Levine trucks along with us.
Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too!
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