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    Official: GM profits down 14% in Q3
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    General Motors reported its third-quarter earnings today, and while revenues were up in the three-month period, overall profits were down 14 percent compared to last year. GM's Q3 net revenue was $37.6 billion (almost $1 billion more than 2011), but its net income was $1.5 billion, down from $1.7 ...

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    Ford up $1.6B in Q3 thanks to record profits in North America
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    Now that the bell has rung to signal the end of Q3 2012, Ford is standing in the ring with both hands in the air like Rocky: The company's overall profit of $1.63 billion for the last three months is nearly equal to its entire 2011 total of $1.94B. Those numbers come thank to the record-breaking ...

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    Official: Chrysler posts $381 million Q3 net profit
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    Chrysler reports that its vehicle sales jumped by 12 percent in the third quarter over the same period in 2011. That step up was enough to bump profits by 80 percent to $381 million on $15.5 billion of net revenue. Moving forward, the automaker expects to see fourth-quarter profit of $210 ...

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    Report: Subaru raises forecast on strong US transaction prices
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    Fuji Heavy Industries has raised its projected operating profit for the next six months due to higher transaction prices for its Subaru vehicles in the US, according to Reuters. Subaru sales jumped by 27 percent between April and September, thereby exceeding the manufacturer's early estimates. ...

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    Report: Toyota to best GM's profit
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    Toyota has had some recent setbacks, what with last year's natural disasters and its lengthy recall problems. But according to Bloomberg, the carmaker is back on track, and is expected to post its largest profit in five years. Toyota reports financial results for its fiscal year tomorrow, and is ...

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    Report: GM Europe headed for another restructuring after disappointing losses
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    General Motors is having a hard time nailing down its European operations. The automaker reported its first-quarter earnings slid by $1 billion, down from $3.2 billion in the first quarter of last year. The drop was partially attributable to a one-time loss that included changes in accounting for ...

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    Official: Ford books $1.4B, profits dragged down by Europe and Asia
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    What a difference a few years make. Back in 2009, Ford Motor Company's North American operations were dragging down its earnings. The company reported a net loss of $1.4 billion in that year's first quarter when market share in the U.S. was falling but rising overseas. The situation today, ...

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    Report: Volkswagen more than doubles profit with 15% sales gain in 2011
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    Volkswagen is making progress in its quest to be the one automaker to rule them all. According to The Detroit Bureau, Volkswagen saw profits more than double last year as sales increased by 14.7 percent. All told, the company earned $20.5 billion in 2011, up from $9.1 billion the year prior. The ...

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    Official: GM reports 2011 profit of $7.6 billion
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    General Motors today reported its earnings for last year and the fourth fiscal quarter of 2011. The automaker's profits for 2011 totaled $7.6 billion, up from $4.7 billion in 2010. While the news was excellent for the full year, fourth quarter net income was only $472 million, or about the same ...

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    Official: Chrysler posts $183M profit for 2011
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    Good news has been in abundant supply for the domestic automakers the last twelve months, and nowhere is that more evident than in the headline to this press release: "Chrysler Group Reports Full Year 2011 Net Income of $183 Million." Now, $183 million isn't exactly a king's ransom in the auto ...

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    Report: Harley-Davidson sales grew 5.9% in 2011
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    Last year was a good one for Harley-Davidson. According to Asphalt and Rubber, the American bike manufacturer saw its sales increase by 5.9 percent globally compared to 2010. Sales in the U.S., meanwhile, were up 5.8 percent. All told, Harley-Davidson managed to move 235,188 units last year, with ...

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    Official: Chrysler reports $212M third quarter earnings
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    Chrysler earned a net income of $212 million during the third quarter of 2011. That figure marks a significant improvement over the same period last year, when the company posted a net loss of $84 million. Chrysler notes that its modified operating profit more than doubled compared to the third ...

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    Official: Ferrari NA launches free seven-year maintenance on back of record sales
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    There's no question that buying a Ferrari is an expensive proposition. But so is owning one. The cost of insurance, fuel, tires and maintenance can be crushing, but it now becomes much easier, as Ferrari announces a free seven-year maintenance program for newly purchased vehicles. The program is ...

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    Report: Toyota bracing for 31% drop in profit
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    Toyota has announced that the company's net income for the fiscal year ending in March may decrease by as much as 31 percent compared to one year earlier. According to Automotive News, the Japanese automaker expects to earn around 280 billion yen, which is about $3.5 billion at current conversion ...

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    Toyota Q4 profits fall 77% due to quake
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    Toyota has announced profits of $314 million for the first three months of 2011, down 77 percent versus the automaker's fiscal fourth quarter a year earlier. Toyota still managed a profit in spite of the March 11 earthquake that shuttered most Japanese plants, yet the $314 million is only a ...

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    Report: GM projected to have most profitable Q1 in 11 years
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    Most automakers have already reported earnings for the first quarter of 2011, but General Motors is still busy counting its loot. We don't know how well the largest automaker in the United States fared, but Bloomberg reports that GM could post a profit of $1.74 billion for the quarter. That would ...

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    Chrysler posts $115 million profit, first since bankruptcy
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    Chrysler has announced a profit of $116 million for the first quarter of 2011, the company's first profit since exiting bankruptcy. This came from $13.1 billion in revenue, which represents a 35 percent increase compared to Q1 2010. Profit from operations was up, as well, as Chrysler managed to ...

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    Kia earnings up 91% to $890 million in Q1
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    Automaker earnings have been mostly impressive so far, and Kia is no different. Reuters reports that the Korean automaker has posted earnings of $890 million for the first quarter of 2011, up 91 percent compared to the $466 million profit from Q1 2010. Overall revenue for the quarter was $10 ...

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    Saab loses $107 million in Q1, looking for a Chinese partner
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    Automotive News reports that Saab lost $107 million during the first quarter of 2011. The automaker says that it is unlikely to meet its 2011 production target of 80,000 units, which is hardly news when considering that the automaker can't even make vehicles right now. The automaker sold only ...

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    Daimler earns $3 billion in first quarter on strong China sales
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    Daimler has announced a very strong pre-tax profit of $3 billion for the first quarter of 2011, up significantly compared to its Q1 2010 profit of $1.76 billion. The hefty earnings come as Mercedes-Benz sales shot up 13 percent, while revenue jumped by 17 percent to $37 billion on the quarter. ...

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