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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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    Report: Ford books $1.2B profit in second quarter on strength of trucks
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    Ford is rolling along nicely, with a positive second-quarter sales report and a $2.3 billion profit in North America. The Dearborn, Michigan-based manufacturer captured $1.2 billion globally from April to June, with a $177 million profit in Asia. Even in Europe, the land of doom and gloom for ...

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    Report: Mazda books first yearly profit in half-decade, NA still a drag
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    Automotive News reports Mazda has posted its first annual profit in five years. The company made $364.3 million in the last fiscal year, following a $1.14 billion loss the year prior. Operating profit also jumped up by $91.3 million to $572.8 million, thanks in part to a revenue increase of 8 ...

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    Report: Toyota profits up 23% on high US sales, despite mounting legal costs
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    Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a ...

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    Official: Ford nets $5.7B in 2012, $1.6B in fourth quarter
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    Ford brought in $5.7 billion in net income during 2012, which is around $307 million less than one year prior. Even so, the automaker closed out 2012 with the highest pre-tax profit for a single quarter in nearly 10 years, earning $1.7 billion in the fourth quarter thanks largely to a ...

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    Report: European banks downgrade Fiat, share prices tumble
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    Shares of Chrysler parent company Fiat SpA fell by 5.9 percent on Tuesday. Two European banks downgraded the company's stock, with UBS AG dropping the company's stock from a "buy" rating to "neutral." Likewise, Deutsche Bank cut the company's shares from "hold" to "sell" amid concerns that the ...

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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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