April 19, 2024
Porsche

Porsche facing debt, sells out shares

What can you do, inevitably, some sort of trouble comes around to your business endeavour no matter how good the cars you make are. This is certainly the case of Porsche, a company that has been struggling for quite some time now as far as the money is concerned.

Read More
Honda

Honda loses $180 million in a surprising way

Financial reports from the automotive industry come with mixed responses but this here bit of news in relation to a situation from Honda. As it turns out, the Japanese have just lost $180 million on a certain part of their business.

Read More
Ford

Ford’s third quarter financial results are looking great

In a recent press release, Ford published their third quarter results and it seems the Blue Oval has reasons to be proud of itself. This is the sixth consecutive quarter the company makes a profit in. Furthermore this time the Dearborn based company managed a net income of $ 1.7 billion which is the sort

Read More
Ford

Ford Motor Company chops off $4 billion worth of debt

Recently Ford has had some issues with their stock pricing due to investor concern about slow sales within the automotive industry and uncertainty over how the company will pay the UAW’s health care trust fund. The news that came from Dearborn today will most likely calm spirits and even make some brokers jump for joy

Read More
Porsche

Sales of the Porsche Panamera are a surprise

Luckily for the Stuttgart based, performance oriented company the sales figures for their latest launch, the Porsche Panamera are a pleasant surprise. The official sales records prove that the four door saloon offered by Porsche exceeded all expectations and, as a result, the Germans have raised their forecast for the year.

Read More
Ford

Ford Motor Company will take care of debt before paying dividents

Ford Motor Company’s executive chairman William Clay Ford Jr. announced this week to shareholders that dividend payments would not be made until the automaker pays down more of its debt. During the same statement he also mentioned that shareholders don’t have any right to complain, considering the soar in stock value and the fact that

Read More
Chrysler Ford General Motors

Detroit’s Big 3 improving but have a long way to go

We all remember the horrific news that came from Detroit around a year ago but now the headlines make for pretty much opposite extras to read all about. In short, Ford has recorded $2.1 billion in profits, General Motors managed to pay off the treasury loan early despite proving profits and Chrysler have managed to

Read More