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    Official: Ford reports 58% drop in Q2 profits on European losses

    Ford Motor Company announced Wednesday that it has posted a $1 billion profit for the second quarter of 2012. That sounds like good news for the Blue Oval, until you take into account that Ford posted a $2.4 billion profit for Q2 a year ago. That is a substantial 58 percent loss. Ford also ...

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    Report: Honda "losing money" on Japan-built cars like Fit, CR-Z and Insight

    Automotive News reports Honda is currently limiting shipments of models like the Fit, CR-Z and Insight due to Japan's strong yen. The automaker admits it is currently losing money on every Japanese-built model it sells in the U.S. with the exchange rate currently at 80 yen per dollar. Honda is ...

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    Official: Ford books $1.4B, profits dragged down by Europe and Asia

    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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    Tesla reports increased revenue, but loses money on Model S development

    Tesla Motors is happy with its third quarter results, which boast a 10 percent increase in revenue from last quarter's $28.4 million to $31.2 million, an improved gross margin of 30 percent from 22 percent previously, and a net loss of $34.9 million compared to its second quarter figure of $38.5 ...

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    REPORT: Tough times yield more insurance fraud cases

    They're called owner "give-ups," and their rise is a sign of the tough economic times. Despondent over being financially strapped and unable to cover car payments, vehicle owners are ditching, sinking, or torching their vehicles and reporting the loss to collect insurance payoffs. According to ...

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    REPORT: Honda's $2.91 billion drop is first quarterly loss in 15 years

    An operating loss of ¥283.0 billion ($2.91 billion at current exchange rates) for the period ending March 31 represents Honda Motor Company's first quarterly loss in 15 years. To put that into proper perspective, that was when Honda was plying the 1994 model year Accord wagon shown above. The ...

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    Ford reports 4th quarter net loss of $5.9 billion

    Ford has so far been able to avoid suckling on the teat of the federal government like its cross-town rivals, but after today's announcement of a 2008 fourth-quarter loss of $5.9 billion, serious questions are beginning to arise about how FoMoCo will fair in 2009.This will be the third consecutive ...

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    Chrysler stands to lose $1b in 2007?

    Steven Landry, Chrysler veep of North American sales, was speaking to a group of business students at St. Mary's University when he said that Chrysler will be taking in $64 billion in revenue this year and would spend $65 billion. It doesn't take an MBA to figure out that those quoted figures put ...

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    So Sad: Audi R8 mysteriously burns

    While there were some R8s that burned in the development phase, Audi worked hard to massage the platform and make it production ready. These pictures are reportedly a mule, not a production R8 that went up in flames. Scuttlebutt has it that fuel spillage was the culprit here, though speculation of ...

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    Chrysler lost $1,111 per vehicle in 2006

    For most managers, it makes sense that if you're losing money on every product you sell, then perhaps you're in the wrong business. Try telling that to the execs working for the Detroit 3, which on average lost a substantial $1,073 on every vehicle sold in North America last year. While GM and Ford ...

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    Eight is Enough: Ford expected to report eighth straight quarterly loss

    Today Ford will report its second quarter earnings for 2007, and analysts expect the Blue Oval to ink another losing quarter in the books for the eighth time in a row. The No. 2 automaker in the U.S., for now, lost $282 million in Q1, and analysts expect Ford's aggressive use of incentives to sell ...

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    Don't let the door hitcha? - Investors call for spin-off of Chrysler

    There have been rumblings of late in the halls of Stuttgart that the boys in Auburn Hills are an albatross around the neck of DCX. Dieter Zetsche and company are reportedly in it for the long haul and fighting the good fight for Chrysler, but investors cite thin patience while waiting for a profit. ...

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    Scratch that: Chrysler Group definitely not for sale... maybe

    When speaking on behalf of a group, it's in everyone's best interest to have a common 'message' agreed upon before addressing others. This didn't seem to be the case yesterday, when rumors of DaimlerChrysler selling their latter, less profitable, half began circulating.DaimlerChrysler's CFO, Bobo ...

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    Autoblog Podcast #46

    Alex Nunez joins Damon and myself again on the 46th episode of the Autoblog podcast. Lately it seems like the podcast wouldn't be official unless we talked about Ford, and this week keeps the Blue Oval streak alive with a conversation of Ford's performance (or lack thereof) in the third quarter of ...

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    Chrysler increases expected Q3 loss by nearly $1 billion

    The Chrysler Group is stepping in line with Ford today, which earlier announced more buyouts for Blue Oval workers, plant closings and that it won't see a profit in North America until 2009 at the earliest, to announce that it has increased the amount it expects to lose in the third quarter by ...

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    Ford to accelerate Way Forward Plan

    Mark Fields – "If we have to move faster and cut deeper, we will."The Detroit News is reporting that Ford will accelerate its Way Forward Plan in light of the $123 million loss it posted for the second quarter, which was much larger than what analysts were expecting. Mark Fields, Ford's ...


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