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Toyota reports Q2 2007 earnings... yup, they're up

Toyota reported its earnings today for the second quarter that ended on June 30th, and not surprisingly, profits are up. Bolstered partly by a weak Yen, Toyota's operating profits rose 31.8% to $5.48 billion USD. Revenue was up 15.7% to $52.92 billion and sales were up 7.1% to 2,365,000 (Side Note: GM sold over 2.4 million globally in Q2). In a coincidental twist of fate, Toyota sales the world over were all up except in its home market of Japan, a situation that mirrors closely what is happening to General Motors, Ford, and the Chrysler Group ... Read more →

Turnaround intact: GM posts Q2 profit of $891mil John Neff

This morning, General Motors announced its second quarter earnings, which saw the giant automaker earn $891 million in Q2 compared to a loss of $3.4 billion last year that had analysts wondering ...

Eight was Enough: Ford posts second quarter profit of $750 million John Neff

After seven straight quarters of posting losses, Ford has surprised the industry by reporting a net profit of $750 million for the second quarter of 2007. Last year this time the company reported a ...

Eight is Enough: Ford expected to report eighth straight quarterly loss John Neff

Today Ford will report its second quarter earnings for 2007, and analysts expect the Blue Oval to ink another losing quarter in the books for the eighth time in a row. The No. 2 automaker in the U.S., ...

DaimlerChrysler 2Q numbers are in: Mercedes Up, Chrysler Down John Neff

DaimlerChrysler has just released its numbers for the second quarter of 2006, and overall it was a good quarter for the company as a whole. DCX saw its operating profit in the second quarter rise 11 ...

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Ford to accelerate Way Forward Plan 3 years ago on Autoblog

Mark Fields – "If we have to move faster and cut deeper, we will." The Detroit News is reporting that Ford will accelerate its Way Forward Plan in light of the $123 million loss it posted for the second quarter, which was much larger than what analysts were expecting. Mark Fields, Ford's ...

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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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