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profits

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    Official: Aventador sales drive record revenue at Lamborghini
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    Let it never be said that there isn't money to be made selling high-end exotic sports cars. Last month Ferrari revealed that it had recorded record profits despite selling fewer vehicles than the year before. Now arch-rival Lamborghini has reported record revenue. For the 2013 fiscal year, ...

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    Report: Toyota nears $40B cash reserve as calls grow for new investment, payouts
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    With the April 15 tax deadline just a few months away, our US readers will be faced with a decision should they get a refund: save or spend? It seems this issue is one many of us face whenever there's a windfall, trying to decide whether we should set the money aside in an account of some sort or ...

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    Official: Ford reports $3B profit in Q4, $6.9B for the year
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    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: Despite strong profits, GM still fighting flat market share
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    Looking at the progress General Motors has made since it entered bankruptcy, it's easy to forget that the company still has a long way to go before it's the juggernaut it once was. A recent report from Reuters points out that, while GM is making money, it isn't making any gains in terms of US ...

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    Report: Ford shares falling on news of lower-than-expected profits next year
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    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: Ferrari reports fewer sales, more profit to prove strategy is working
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    Ferrari's angle of emphasizing exclusivity by limiting deliveries is appearing to bear fruit. The company posted a 7.1-percent increase in revenues to 1.7 billion Euros ($2.2 billion at today's exchange rates) during the first half of 2013. Net profits, meanwhile, saw a jump of 20 percent to ...

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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: 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: 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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    Report: Toyota sharply lowers profit forecast in wake of Thai floods
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    2011 has been a trying year for Toyota, as the earthquake and tsunami in Japan and the flooding in Thailand have conspired to slow vehicle production and cut into profits. Toyota lowered its profit forecast after the Japan disaster, and now Automotive News reports that the automaker is once again ...

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    Study: These are the industry's most profitable cars and trucks
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    At the end of the day, every mass-market automaker is nothing more than a company looking for profits. And while you can have a great-looking vehicle that performs well and draws critical acclaim, but if it doesn't sell and it doesn't have decent margins, it doesn't do the company much good. So ...

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    Daimler earns $3 billion in first quarter on strong China sales
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    Daimler has announced a very strong pre-tax profit of $3 billion for the first quarter of 2011, up significantly compared to its Q1 2010 profit of $1.76 billion. The hefty earnings come as Mercedes-Benz sales shot up 13 percent, while revenue jumped by 17 percent to $37 billion on the quarter. ...

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    Volkswagen earns $2.5B in rock-solid first quarter
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    Volkswagen has announced very impressive first quarter profits of €1.7 billion ($2.5 billion USD based on current exchange rates). That's more than three times the profit the Volkswagen Group earned in the first quarter of 2010, as revenue climbed 31 percent to €37.5 billion ($55 ...

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    Jaguar/Land Rover reportedly chalks up $1.1B loss
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    2010 Jaguar XJ – Click above for high-res image gallery
    The steep downturn of the world's luxury automotive markets has taken a toll on Jaguar/Land Rover, and the company's bottom line has taken a huge hit as a result. Automotive News is citing a Financial Times report that says Tata Motors' ...

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    New Toyota CEO takes 30% pay cut, sees no recovery for two years
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    Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese automaker, under the direction of Toyoda, will build more autonomous operations in North America and ...

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    Lamborghini profits up 27% for 2008 due to cost-cutting, outlook for 2009 hazy
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    Lamborghini Gallardo LP-560 - Click above for a high-res image gallery
    Lamborghini has released its pre-tax profits for 2008, and the supercar manufacturer netted a total of 60 million euros ($79.6 million) last year for a 27% increase over 2007. Overall sales were up a scant 2.5%, eclipsing the ...

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    GM's Plan: Small cars making a big profit
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    GM currently owns about 13% of the small car market. With demand for small vehicles increasing with the price of black gold, GM is out to increase that market share. Nevertheless, even if it doesn't increase its share, it plans to make more money off of each small car sold. How? By raising the ...

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    Toyota delays U.S. crossover plant
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    Sluggish market conditions in the United States are the reason Toyota Motor Corp. is slowing down the launch of its new Highlander crossover plant in Tupelo, Mississippi. Originally scheduled to open in late 2009 with production at 150,000 vehicles per year, Toyota will instead begin production in ...

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