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    Official: GM outlines strategy for new products, growth in China
    Plans To Be Supported By 'Fortress Balance Sheet' 1412188200

    "Our strategic plan is a pathway to earn customers for life and create significant shareholder value in the process." – Mary Barra General Motors laid out ambitious plans on Wednesday to become the world's "most valued automotive company," a goal it says it can reach by strengthening ...

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    Official: Fiat Chrysler posts $690M Q1 loss
    1399919400

    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: Chrysler nets $1.6B income in Q4, Fiat profit up 5%
    1391023860

    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
    1390950000

    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
    1387398660

    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
    1385222400

    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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    Report: Analysts estimate October sales will jump between 8-12 percent
    1382810280

    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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    Official: BMW profit of $2.7B is down as automaker invests to keep luxury lead
    1375464600

    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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    Official: Honda reports $1.9 billion profit in first quarter despite sales lag at home
    1375300800

    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
    1375192860

    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
    1374773460

    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
    1374677940

    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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    Official: Nissan reports $4.13B net income for 2012
    1368291540

    The news for Nissan is good when it comes to the company's results for the 2012 financial year that ended on March 31. Even though the numbers were down in many of the world's major markets, increased sales in the US, Brazil and the Middle East, ten new models and a strong fourth quarter allowed ...

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    Official: Ford nets $5.7B in 2012, $1.6B in fourth quarter
    1359487800

    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: Why Tesla will need more loans to make it through 2013
    1356702240

    It's fun to bet against Elon Musk and Tesla – that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market ...

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    Official: Chrysler posts $183M profit for 2011
    1328138940

    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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    Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs
    1260797220

    It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ...

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    REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab?
    1260121020

    Beijing Automotive Industry Corporation (BAIC) could still be in the game for Saab, having secured a $2.93 billion line of credit from the Bank of China. On the other hand, BAIC could just be gearing up for its own home-grown expansion plans, with an eye on ramping up production and putting ...

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    REPORT: Chrysler could lose up to 145 more dealers because they can't get financed
    1258990200

    Chrysler's dealers haven't yet entered the portion of the game wherein they can catch a break. As if the dearth of inventory and lack of new vehicles weren't enough, nearly 150 dealers haven't been able to finalize floorplan financing. Since Chrysler Financial has exited that business, GMAC ...

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    GM's Liquidation Motors stock reportedly still worth $370M, can't be sold short
    1257342000

    When General Motors entered into Chapter 11 bankruptcy over the summer, its bad assets were moved into a firm called Motors Liquidation Company (MLC). That company was capitalized with more than 600 million shares that were meant to be worthless; however, quite the opposite has happened: with its ...

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