Category Archives: financial results

Is the Tesla Bubble About to Burst?

Not surprisingly, the stock market is wary. Tesla stock has dropped for three straight days since the results – more than -5% on Thursday, almost -7% on Friday, and on Monday morning, it was trading down -9% at $236 per share. Continue reading

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Weak Yen Helps Toyota Motor Post Record Profit

Toyota Motor posted a 10% rise in net profit to ¥646.3 billion for the Japanese Q1, but if it was not for the weak yen (¥124:$1) Toyota’s profits would have dropped. Continue reading

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US Trade Deficit Increases in June

The U.S. goods and services trade deficit was $43.8 billion in June, up $2.9 billion from $40.9 billion in May, according to the Department of Commerce. Continue reading

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BMW Group Posts Strong Q2 Results

The BMW Group revenues at €23.9 billion and sales volume were strong in Q2, with the Group profit before interest and taxes (EBIT) for the six-month period exceeding €5 billion for the first time. Continue reading

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During Q2 Ford Posts Best Profits, $2.9B, Since 2000

It was Ford’s best automotive quarterly profit since 2000. Continue reading

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GM and GM Financial Now Investment Grade at Fitch

GM earnings have been pommeled during the last several years because of billions in charges taken for safety recalls. Moreover GM still potentially faces billions in charges for the legal liability and government fines in the ignition switch cover-up, including possible criminal charges from the Department of Justice. Continue reading

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New Toyota and Mazda Collaboration – Takeover or Merger?

The reasons for failure are many – a bias toward old architectures, single or limited joint ventures, different operating philosophies and systems, no true mergers, lack of trust and inequality. However, the potential savings are just too large to ignore, especially for CEOs, but not necessarily for middle managers and workers. Continue reading

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FCA Posts €92 million in Q1 Profit Due to North American Sales

FCA said that profit margins would increase during 2015. “We feel confident that a 7% profit margin rate in the fourth quarter is absolutely doable,” said CFO Richard Palmer. Continue reading

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Ford Motor Q1 Disappoints with Sales, Revenue, Share Drops

This was the latest setback for Ford Motor CEO Mark Fields, who has been playing defense with declining performance since he took over from Alan Mulally in July of 2014. Sales volume and Company revenue were down in Ford’s view because of product launches and the strong U.S. dollar on international revenue. Continue reading

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GM Q1 Underwhelms with $1.7 Billion Revenue Drop

North America and GM Financial were the only divisions with solid operating results. Continue reading

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General Motors Financial Net Income Up slightly in Q1

GM has now rebuilt its former GMAC Financial empire as a separate business after GMAC (aka Ally) one that went bankrupt over demonstrably and fraudulently bad home loans during the Great Recession. Continue reading

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Huge Bonus declared for Porsche employees

During 2014 the launch of the Porsche Macan as the second SUV in the model range from what was once a sports car maker increased deliveries by 17% to ~190,000 vehicles compared to 2013. This earned owner Volkswagen Group roughly $23,000 per Porsche peddled. Continue reading

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GM Dumps Most Manufacturing in Russia for Imports Only

GM in Russia will now try to sell in the premium segment of market with Cadillac – perhaps some built in China – and U.S.-built Chevrolet products such as the Corvette, Camaro and Tahoe. Continue reading

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US Subprime Loan Quality Weakens

U.S. auto lenders are likely to see subprime loan asset quality weaken in 2015, with annualized net losses (ANLs) above their historical averages of 6.24% recently reaching 8% before dropping to 7.26% as of the end of February. The level remains below the past recession peaks of 9%-13%, according to Fitch. Continue reading

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China World’s Biggest Auto Market by Units, Not Revenue

Total value for new vehicles sold in China, the world’s largest market by volume, lagged the U.S. by as much as $161 billion last year, based on a comparison of pricing data. Continue reading

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