5 Articles
1 / 1
248GM profits down 14% in Q3

General Motors reported its third-quarter earnings today, and while revenues were up in the three-month period, overall profits were down 14 percent compared to last year. GM's Q3 net revenue was $37.6 billion (almost $1 billion more than 2011), but its net income was $1.5 billion, down from $1.7 billion last year. This is the opposite trend from Chrysler and Ford, which were both up considerably.

1GM Earnings Down, But Well Ahead Of Wall Street Forecast

New Chevys and Cadillacs well received by car buyers

General Motors took a hit to third quarter earnings compared with last year due to European struggles, but handily beat Wall Street forecasts thank to strong demand for its vehicles in the U.S. and better profit margins.

25Chrysler posts $381 million Q3 net profit

Chrysler reports that its vehicle sales jumped by 12 percent in the third quarter over the same period in 2011. That step up was enough to bump profits by 80 percent to $381 million on $15.5 billion of net revenue. Moving forward, the automaker expects to see fourth-quarter profit of $210 million, which should help the company realize its forecast of $1.5 billion of net profit for the year. Reuters reports Chrysler CEO Sergio Marchionne expects the automaker's free cash flow for 2012 to be "well

19Ford loses $5.8 billion in Q3

Restating Ford Credit financial results from 2001

40GM Global down only 3 percent in Q3 sales

General Motors reported global sales of 2,296,000 vehicles in the third quarter, which is a 3-percent decline versus Q3 of last year. That's only 66,000 unit off what was sold during the same period in 2005, and the GM spinmeisters attribute the difference to the employee pricing war last year and the company's commitment to reduce rental and fleet sales this year. Aight, we can buy that, so perhaps GM really did hold its ground this year in the global market.

1 / 1