loss


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 authorities, most of the titleholders aren't seasoned criminals. In fact, many of the false claims are filed by first-time offenders -- people who normally wouldn't steal a piece of candy from a store. However, the desperate owners see insurance ... Read more →

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

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 ...

Ford reports 4th quarter net loss of $5.9 billion Damon Lavrinc

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 ...

Chrysler stands to lose $1b in 2007? Damon Lavrinc

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 ...

So Sad: Audi R8 mysteriously burns Dan Roth

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 ...

Chrysler lost $1,111 per vehicle in 2006 2 years ago on Autoblog

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 ...

Eight is Enough: Ford expected to report eighth straight quarterly loss 2 years ago on Autoblog

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 ...

Don't let the door hitcha? - Investors call for spin-off of Chrysler 3 years ago on Autoblog

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. ...

Scratch that: Chrysler Group definitely not for sale... maybe 3 years ago on Autoblog

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 ...

Autoblog Podcast #46 3 years ago on Autoblog

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 ...

Chrysler increases expected Q3 loss by nearly $1 billion 3 years ago on Autoblog

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 ...

Ford to accelerate Way Forward Plan 3 years ago on Autoblog

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 ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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