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    Official: Fiat Chrysler posts $690M Q1 loss
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    If there is one thing that should be remembered when looking at quarterly and annual earnings, it's that the headline numbers rarely tell the whole story when it comes to an automaker's health. Chrysler's first-quarter earnings are just such an example. Yes, the Auburn Hills-based manufacturer ...

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    Report: Unintended acceleration settlement hits Toyota's Q4 bottom line
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    Depending on how you want to look at things, the US Attorney's Office $1.2-billion dollar settlement with Toyota in March over its unintended acceleration recall was either a big blow to the company or completely inconsequential. From January to March, net income fell five percent to 297 billion ...

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    Official: Aston Martin confirms new platform under development
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    It's been thirteen years since Aston Martin introduced the original V12 Vanquish. The model was effectively been replaced twice over by the time it reached its Bar Mitzvah, but its underlying platform is still around. And not just around, either: it underpins everything Aston makes and has made ...

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    Official: Ford Q1 profits dragged down by warranty costs
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    General Motors isn't the only Detroit automaker posting falling profits in the first quarter. Ford just released its Q1 2014 financial data, and it reported a net income of $989 million, down $622 million from Q1 2013. The drop is partially blamed on higher warranty and recall expenses than the ...

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    Report: Hyundai missing Q1 earnings targets blamed on slow US sales
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    Slow US growth is hampering profits at Hyundai. In its first quarter financial statement, the Korean automaker reported a profit of 1.93 trillion won ($1.86 billion). According to Reuters, this is less than analysts' expectations and nearly the same as last year. According to the report, US ...

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    Report: Hyundai reveals CEO's pay for first time ever
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    Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in ...

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    Official: GM reports more profits in Q4, fourth straight year of profitability
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    General Motors has released its earnings for the fourth quarter, and the news is mostly good. Net income was $913 million, up two percent from $892 million recorded during the same period in 2012. Earnings for the entire year ended up still positive at $3.77 billion, but that figure is down 22.4 ...

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    Report: 2015 F-150 launch to curb Ford profits?
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    Ford is making a big bet on aluminum with its new 2015 F-150, and it's possible that the decision will hurt the company financially, at least in the short term. After earning a record $8.6 billion in 2013, the Blue Oval does not expect to set another record in 2014. According to Automotive News, ...

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    Report: Chrysler nets $1.6B income in Q4, Fiat profit up 5%
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    Chrysler announced its 2013 financial results today and unveiled its new name and decidedly bank-like logo. Amid the announcement, Chrysler posted big gains in income, while Fiat didn't perform to analysts' expectations. For 2013, Chrysler had revenue of $72.1 billion, up 10 percent from 2012. ...

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    Official: Ford reports $3B profit in Q4, $6.9B for the year
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    Good news out of Dearborn today, as Ford announced $3 billion in profit for the last quarter of 2013, a 90-percent increase over the same period of 2012. Net income for all of last year, meanwhile, jumped to $7.2 billion from $5.7 billion in 2012, while pre-tax profits sat at a decade-topping ...

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    Report: Ford shares falling on news of lower-than-expected profits next year
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    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 ...

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    Report: Mitsubishi boss says US operations may break even next year
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    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: ...

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    Official: GM reports $700M net income for Q3
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    With the third quarter of 2013 wrapping up, General Motors has published its quarterly earnings, announcing a net income of $700 million, a significant drop from Q3 2012's $1.5 billion in net income. The drop is being blamed on a $900 million loss from "special items," $800 million of which was ...

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    Report: Analysts estimate October sales will jump between 8-12 percent
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    The 16-day government shutdown that dominated newscasts and headlines for the first half of October doesn't look to have had a dramatic impact on monthly sales, according to separately filed reports by Kelley Blue Book and JD Power. The news is even more welcomed following September's sales, ...

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    Report: Porsche Macan sales may push brand past 200K unit goal early
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    In late 2010, Volkswagen announced that it would spend the equivalent of $71 billion through 2015 to beef up its product lineup, determined to overtake Toyota in overall sales and profitability by 2018. Each of VW's many brands, in turn, would play its part contributing to a goal of 10 million ...

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    Official: BMW profit of $2.7B is down as automaker invests to keep luxury lead
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    Despite selling 6.6-percent more vehicles – a record by volume – and posting higher revenues in the second quarter of 2013, BMW Group's profit of 2.07 billion euros ($2.75 billion) is down 8.8 percent from last year. Investments in new technology (e.g. the new i3) and personnel, in ...

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    Report: Ferrari reports fewer sales, more profit to prove strategy is working
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    Ferrari's angle of emphasizing exclusivity by limiting deliveries is appearing to bear fruit. The company posted a 7.1-percent increase in revenues to 1.7 billion Euros ($2.2 billion at today's exchange rates) during the first half of 2013. Net profits, meanwhile, saw a jump of 20 percent to ...

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    Official: Honda reports $1.9 billion profit in first quarter despite sales lag at home
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    Ford, General Motors and Chrysler have been living in a world of sunshine and buttercups after their April-through-June financials hit the newswire, and Toyota is doing pretty good as well. Honda? Not so much. While Japan's third-largest manufacturer saw $1.9 billion in profits, the 5.1-percent ...

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    Official: Chrysler banks $507 million in Q2, trims 2013 earnings forecast
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    Chrysler has some good news and some bad news. First, profits were up 16 percent over the second quarter of 2012, bringing the Auburn Hills, Michigan-based manufacturer $507 million on the back of strong demand for trucks and SUVs (a recurring theme this quarter, particularly in the US). Q2 ...

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    Official: GM joins Ford in booking $1.2B quarterly profit
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    Ford isn't the only American automaker that's in the money. General Motors has just reported a second quarter income of $1.2 billion, although that number actually represents a year-to-year drop compared to Q2 2012. This drop can be chalked up to the expense behind launching a new line of ...

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