165 Articles
Moody’s downgrades Ford’s credit rating to just above junk status

It gives 'negative' outlook, cites difficulties executing restructuring plan

It gives Ford a 'negative' outlook, citing the difficulty of executing its restructuring plan.

Elon Musk says Saudi fund on board to take Tesla private

His 'funding secured' explanation contradicts report there's no interest

That contradicts a report that Saudi Arabia's sovereign investment fund has no interest.

GM profit beats Wall Street estimates, maintains 2017 outlook

The quarterly profit beat expectations despite falling revenue.

Uber saw rapid growth in 2016, but it still bled cash

Uber would've been one of the top 10 biggest money losers in 2016 if it were public.

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Ford CEO Mark Fields' pay, pensions, perks up 19 percent

While profit dips slightly in 2016.

His pension award was nearly $2 million higher in 2016.

An electrical fire is delaying Ford's October sales numbers

Dealers can't report sales due to a fire-induced power outage.

A fire led to a power outage which is leading to delayed sales reporting.

Tesla earned a profit last quarter, which is sending TSLA stock up

TSLA up 71 cents a share, a big change from the 58-cent loss last year.

Shoulda bought yesterday.

Tesla lost $293M last quarter, says 80k deliveries will happen this year

It's now on the low end of previous estimates, but the delivery schedule stands.

This is Tesla's 13th straight quarterly loss.

de Nysschen pushes to separate Cadillac, GM

Cadillac will soon offer up separate financial results and push for its own dealer model in a bid to distance itself from its parent company, General Motors.

Ford surges with record 2Q profit

Ford had a dynamite second quarter, raking in $2.9 billion before profits and recording net income of $1.9 billion, a 44-percent improvement over Q2 2014.

GM nets $1.1B profit in second quarter

General Motors hauled in a dandy $1.1 billion in net income during its second quarter, on the back of $1.1 billion in "special items," the company revealed.

Mitsubishi profits in North America for first time in seven years

It may have only been $4.18 million in profits, but for a company that's struggled as long as Mitsubishi, every little bit helps.

Toyota outpaces Detroit rivals in profitability per vehicle

Due to the weak value of the yen, Toyota is on track to have four times the per-vehicle profit of its US competitors, The Detroit News reports. Some allege currency manipulation gives the automaker an edge.

GM raises dividend on strong earnings, more raises may be in store

At the end of January GM said it would hold pat on its dividend of 30 cents per share, leading investors to complain. This week it said it would increase the dividend 20 percent, and later this year would look at "further return of capital to shareholders" assuming it can get the recall fiasco concluded.

GM reports $1.1 billion net income in Q4 2014 while full-year earnings fall

General Motors posted strong financial results for the fourth quarter quarter of 2014, but the figures weren't enough for the automaker to offset falling full-year figures, partially due to $2.8 billion in recall-related costs.

Honda profit targets tumble in wake of Takata scandal

Honda is setting aside about $425 million to pay for Takata airbag inflator recall-related costs. The change drops the company's profit forecast to about $6.1 billion for the fiscal year. Also, there's a possibility that another death might be linked to the faulty parts.

FCA posts $716m profit in 2014, has big plans for 2015

Fiat-Chrysler Automobiles posted growing financial numbers for 2014 in practically every metric, and the automaker is forecasting even better figures in 2015. North America played a major role in that success.

Ford Q3 pretax profits drop to $1.18B

Following positive third quarter financial results recently from General Motors, rival Ford took a tumble in Q3. The automaker posted pre-tax profits of $1.18 billion, compared to about $2.59 billion in Q3 2013, a drop of around 54 percent. Net income also suffered with $835 million made in the quarter, versus $1.272 billion last year, a decline of about 34 percent. The Blue Oval blamed the gloomy figures on three reasons in its release: "lower volume, higher warranty costs and adverse balance s

GM beats quarterly earnings projections on strong NA sales

General Motors recently announced its best third-quarter unit sales since 1980 with over 2.4 million vehicles sold globally. Now, the automaker has put out the financial portion of its Q3 results, and as the previous figures suggested, GM did very well for the quarter. It even beat analysts' predictions.

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