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Toyota eyes trimming passenger car lineup to boost profits
Toyota's coupes and small cars could be inching their way toward the chopping block. Automotive News reported Monday the automaker will look to end production of some cars. The news is hardly as drastic as Ford's decision to cut every passenger car from its lineup (save for the Mustang) to focus on...Read More»
Ford Has Biggest Third Quarter Ever, Thanks To U.S. Sales
Ford Motor Company has announced its best-ever third quarter, with pre-tax profits totaling nearly $2.2 billion. There are a lot of people to thank for those results, but North American shoppers are at the top of the list. In North America alone, Ford saw pre-tax revenue of over $2.3 billion -- a...Read More»
Ford Still Profitable, But Hampered By Europe
Ford released its second-quarter earnings report this morning, and among all the charts and bulletpoints, there's both good news and bad. We'll start with the good: Ford posted a pre-tax operating profit of over $1.8 billion. The company has now posted pre-tax profits for 12 consecutive quarters...Read More»
GM Announces Big Profits; First Time Detroit's Been In The Black Since 2004
Yesterday, J.D. Power confirmed that Detroit is gaining ground on its foreign rivals in terms of vehicle dependability. Today, there's more good news for fans of the Big Three: General Motors has announced stunning financial results from 2011, marking the first time in years that Chrysler, Ford...Read More»
GM Posts Best Quarter In Years, Buoyed On U.S. Product
General Motors [NYSE: GM] is proving that it's truly back in the black. For the fifth straight quarter since emerging from bankruptcy, it posted a net income. In fact, it's not just GM's best financial performance since the 2009 bailout; it beats the company's results for many years prior. For the...Read More»
Ford Posts $2.6 Billion Second-Quarter Profit
Ford often gets a lot of undue credit for surviving the financial econo-storm without needing government aid--most forget that Ford actually ran out of cash before General Motors and Chrysler, but was able to get private financing because it happened before the lending landscape self-destructed...Read More»
Bailout Successes? GM Pays Off Loans, Chrysler Loses Less
Both General Motors and Chrysler are working as hard as they can to take advantage of the last-ditch bailouts provided last year by the U.S. government. This morning, each issued a separate sign of its progress. GM chief executive officer Ed Whitacre is expected to announce that the company will...Read More»
Toyota Wants Suppliers To Cut Costs By 30%
Toyota’s stellar profitability record took a major beating this year thanks to the affects of the global financial crisis and in response the automaker is looking to cut costs at every possible point. The savings will come from improved quality, reduced waste and human resources development...Read More»
