March 29, 2024
Chrysler

Chrysler hits profit, celebration at a later date

Remember that time about a couple of years ago when most of Detroit was on fire and everybody in America was out of money? Well actually, Detroit has been on fire for the last couple of decades and the focus back then was on how this town’s car makers were all bankrupt.

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Kia

Kia’s first quarter is even more than excellent

For some time now we knew that the Koreans were doing pretty well financially but the latest of sales figures proof just how much we might be underestimating Kia. Hard figures suggest that Kia’s accountants drew the line at a total profit of $890 million for the first three months of 2011.

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Ford

Ford will soon be rolling in the money

My favorite of the Detroit Big Three, Ford, has announced that as a result of some changes around the company they may make quite a lot of money. The Blue Oval isn’t going to make much differences as far as the production, distribution and pricing but the difference is still amazing.

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Toyota

Toyota recall makes a comeback

Somehow, Toyota can’t manage to avoid the previous problems, especially when it comes to mentioning legal repercussions of the unintended acceleration situation. Boy did I ever say that politically. Toyota screwed up big time and they paid through the nose for it.

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Kia

Kia’s third quarter results indicate profit

I, for one, have always known that the modern Korean cars sell, and sell well but it seems that some of the economy oriented newspapers think otherwise. Actually, either some people writing about money hate the cheap Korean products or have no clue about the situation as many have claimed that Kia is in serious

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BMW

BMW, electric cars and profitability

The Germans over at BMW have revealed their intentions to go into electric power quite some time ago. Not long after came the announcement mentioning a dedication towards the Megacity project. So far, we’ve got the interesting bits sorted, brimmed with anticipation so here comes BMW’s boring stuff, the plan, the economy, the business of

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Jeep

Jeep are considering a re-entry to the pickup segment

The Chrysler subsidiary company, Jeep, have announced indirectly that they are considering a possible comeback to the very popular segment of pickups. This announcement came packed in within a discussion Mike Manley, President and CEO of the Jeep Brand had with an interviewer from PickupTrucks.com.

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General Motors

Good news for GM: first quarterly profit in three years

General Motors have announced today that the first quarter of 2010 has been the place for another achievement on behalf of the company as they returned to profitability and registered revenue of $31.5 billion and operating income of $1.2 billion. The registered net income attributable to common stockholders was $0.9 billion which means earnings per

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Ford

Mulally versus Ford investors

Ford Motor Company’s annual shareholders meeting hosted a very positive speech on the behalf of the company CEO, Alan Mulally. Mulally stated that Ford will have a “solidly” profitable result coming out of 2010 and that 2011 will bring along a “continuing improvement”.

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Lexus

Lexus LFA gets a special Nurburgring package

The Lexus LFA, one of the biggest ever surprises in terms of supercars coming from a manufacturer with no heritage or tradition in this domain will be getting even hotter. Lexus have said that despite the massive asking price for this car they will not be making any profit on it because the technology that

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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

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Chrysler

Chrysler reports profits

Chrysler Group LLC has just revealed its latest figures and the most interesting one available is the operating profit margin that reaches 143 million dollars. The other interesting figure they published refers to the positive cash flow and the total of 8.9 billion dollars they have available.

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Saab

SAAB will continue to offer OnStar service

SAAB Cars North America will continue to offer GM’s OnStar feature for its vehicles. GM ownership of SAAB may have ended but relationships between the two companies continue to thrive. As far as OnStar servicing is concerned it will start with the 2010 model cars and will be offered in the same format as GM’s

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