financial

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 ...

The ups and downs of the rumored Chrysler sale are a better soap opera than NASCAR. Now, Magna International, one of the reported suitors, has confirmed that the supplier is interested in exploring the purchase of the Chrysler group and has recently met with officials at the automaker. The main ...

The "merger" at DaimlerChrysler never really came off as a good idea. We put "merger" in quotation marks because no one ever really bought it as a marriage of equals, but saw it for what it always was: Daimler-Benz taking over Chrysler. Whatever way you spin it, though, it was never a match made in ...

Most of the numbers for the month of June are in, and as you can see the red arrows outnumber the green ones yet again. Eighteen out of the 39 automakers below are reporting a rise in June sales over the same period last year. The 25.9% drop in sales by General Motors has attracted the most ...

Mitsubishi Motors Corp. has posted its sales, unit production, and exports across various markets for the month of May. Worldwide production went up 4.2 percent compared to May 2005, buttressed by the European and North American (NA) segments. The latter, especially, experienced strong growth due ...

Confirming rumors that we reported first late last month, General Motors and Suzuki will not be working together to sell cars in Japan anymore, nor will the two automakers follow through with the partnership undertaken in 2001 on development of some new vehicles. A Suzuki spokesperson says ...