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71GM reports more profits in Q4, fourth straight year of profitability

General Motors has released its earnings for the fourth quarter, and the news is mostly good. Net income was $913 million, up two percent from $892 million recorded during the same period in 2012. Earnings for the entire year ended up still positive at $3.77 billion, but that figure is down 22.4 percent from the $4.9 billion earned in 2012 and the earnings ended up being lower than Wall Street expectations, the AP reports. Nevertheless, the positive cash flow marks the fourth consecutive year an

26Next Audi Q7 to shed 650 pounds?

Audi is continuing to pour cash into the development of its next generation crossovers, and in addition to a range of new high-riding models, the next Q5 and Q7 are set to go on a serious diet.

31Ford earned $190M in Q4, $6.6B in 2010

Ford announced this morning that the company earned net income of $190 million in the fourth quarter of last year, which is actually down sharply from the $886 million earned in the same quarter a year ago. The reason for the dip, however, is a good one, as Ford took on $960 million in debt reduction charges during the quarter, which ultimately reduced the company's debt by $1.9 billion.

18GM makes a buck in Q4 2006

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.

24Chrysler 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 almost $1 billion to a total of $1.5 billion. Citing a laundry list of reasons mirroring those that also caught Ford by surprise, including high fuel prices, lack of a competitive small vehicle lineup and

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