Financial

General Motors Announces Q3 Results, Speedy Loan Repayment
General Motors Announces Q3 Results, Speedy Loan Repayment

It's been a busy day for General Motors CEO Fritz Henderson. Not only did he reveal GM's third quarter financials, but he also announced the company's souped-up plan to repay $6.7 billion in loans from the U.S. government. While the financial report was reasonably upbeat (the company ended Q3 $1.2...Read More»

Toyota Posts First Profit In Months, Lifts Sales Projections post thumbnail
Toyota Posts First Profit In Months, Lifts Sales Projections

Detroit's Big Three may have grabbed most of this week's headlines, but that doesn't mean that the rest of the world's automakers have been sitting on their hands. One story that isn't getting much play is the fact that Toyota Motor Company -- which posted its first-ever loss last fiscal year --...Read More»

Ford Posts Strong Financial Data, First Profit Since 2005 post thumbnail
Ford Posts Strong Financial Data, First Profit Since 2005

The rumors were true: Ford Motor Company has just published financials from the third quarter of 2009, and without being overly optimistic, it's fair to say that the data is moderately rosy. Among several bright spots in the report, one that seems particularly impressive is that July - September of...Read More»

Legalwatch: Legislation To Oversee Auto Dealers In The Works post thumbnail
Legalwatch: Legislation To Oversee Auto Dealers In The Works

With the recent restructuring of Chrysler and General Motors, there's been a lot of focus on auto dealers -- particularly those who were axed from the two companies' networks. Considerable time and energy on Capitol Hill has been dedicated to protecting dealers during the bankruptcy process, but...Read More»

Need To Pay Your Car Note? Mercedes-Benz Has An App For That post thumbnail
Need To Pay Your Car Note? Mercedes-Benz Has An App For That

The concept of making payments by mobile phone is not a new one. For years, articles and ads have heralded a bright, shiny future wherein we'll all be able to purchase soft drinks, gas, and other things with a wave of our phones instead of that "other plastic" (i.e. the trusty credit card)...Read More»

Ford Profitable By 2011; Launches New Facility In China post thumbnail
Ford Profitable By 2011; Launches New Facility In China

Despite the general unpleasantness that's plagued the auto industry for over a year, Ford is doing comparatively well these days. In fact, given the gradually rebounding global economy and Ford's new strategic alliances in Asia, CEO Alan Mulally feels fairly optimistic about the next two years...Read More»

Tesla Roadster Offers Financing Via Bank Of America post thumbnail
Tesla Roadster Offers Financing Via Bank Of America

Say what you will about the shouting going on at Tesla these days, but there's no denying that the company's Tesla Roadster is a beaut. Only problem is, with its $100,000+ price tag, the Roadster costs more than some folks' homes are worth. Luckily, Tesla has just announced that Bank of America...Read More»

Porsche Scrambling To Secure Financial Future, Rejects VW Offer post thumbnail
Porsche Scrambling To Secure Financial Future, Rejects VW Offer

The bravado necessary to run a company like Porsche well has so far been one the of the strengths of the company's current leadership, in particular Wendelin Wiedeking, as it attempts to acquire Volkswagen AG. But that brave move was caught in the unfortunate timing of the current economic crunch...Read More»

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