Category Archives: financial results

Tesla Posts Loss Yet Again

Chief booster Elon Musk said in a letter to shareholders – not without billions in self interest – that the company expected to begin deliveries of the Model X in Q3 during this year – a long delay from original promises. Continue reading

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Proxy Fight Looming at General Motors by Hedge Fund Sharks?

The ploy is clearly threat to GM’s “fortress balance sheet” strategy that looks to clean up underfunded pension liabilities and preserve enough cash to weather another global recession. GM has now posted 20 consecutive quarters of profits. Continue reading

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2014 Profits All Drop at FCA, Ford, GM

The Detroit Three all posted 2014 profits that were down from a year earlier in a booming global auto market, but each had different reasons for the declines, in stark contrast to other global automakers, notably Volkswagen Group, and Toyota Motor Corporation, Whig had record breaking results. Continue reading

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GM in Process of Dumping Ally, Formerly GMAC

General Motors is in the midst of rebuilding its long gone GMAC financial empire due to bankruptcy, is replacing it with General Motors Financial, which appears to be an exact duplicate of the auto-lending arm of Ally, formally known as GMAC without the housing lending risks that sunk the company. Continue reading

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U.S. New Vehicle Revenue at $38 Billion in January

The average transaction price (ATP) for light vehicles was $32,812, up 3.5% from a year ago, while average incentive spending per unit increased by $93 to $2,642. Continue reading

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GM Dividend Stays at 30 Cents

The General Motors Company (NYSE: GM) Board of Directors today declared a Q1 2015 dividend of 30 cents per share on its common stock. The dividend is payable Tuesday 24 March 24 to all common stockholders of record as of Wednesday, 11 March. On an annual basis, the dividend of $1.20 is paying 3.6%. Continue reading

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GM Buys Back all Series A Preferred Stock

The preferred shares had a liquidation preference of $25 per and accrued cumulative dividends at a rate equal to 9% annually, which was an expensive ~$350 million annual cost. GM used cheaper debt to buy the stock. Continue reading

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First Earnings since Fiat Chrysler Merger Are Mixed to Weak

Worrisome was a huge charge that FCA took for the cost of safety recalls and warranty repairs in the U.S. – a whopping €200 million for Q3 alone. Continue reading

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Ford Q3 Earnings off as Sales Drop, Recalls and Launches Hurt

Guidance was unchanged from the Ford’s late September adjustment down to a 2014 pre-tax profit of about $6 billion, excluding special items, which pummeled the stock. Ford common took another beating by ending the day at $13.78 per share, a 4.3% drop. Continue reading

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GM Posts Mediocre Q3 Earnings of $1.4 billion. Revenue Flat

All of GM’s profit came from North America, with – Europe, International Operations, South America and GM Financial down or flat year-over-year. Continue reading

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Ford Motor Q4 Dividend Steady at 12.5 Cents

Ford stock has been slumping recently after Ford removed $1 billion from its annual profit guidance and analysts balked. Selling in the $14 per share range, this translates to a ~3.4% dividend from Ford. Continue reading

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GM Declares 30-Cent Dividend on Common Stock

With GM stock being hammered because of analyst skepticism about short-term improvements possible in Europe, as well as the Russian and South American crisis, and now 24 deaths from ignition switches – all bad for business, the current sell-off of GM presents a challenge to investors. Trading today in the $30-32 per share range the $1.20 annual dividend represents a good return on a stock that analysts said recently could be at $55 in a couple of years with a $42 one-year target. Continue reading

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Dark Money at $50 Million. Congress Bought by Unnamed Interest Groups

The OpenSecrets Blog and the Center for Responsive Politics reported today that political spending by non-disclosing or secret political non-profit lobbying funds, aka dark money groups, has reached $50 million, a record at this point in the election cycle. Continue reading

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Chrysler Group Posts Q2 Net Income of $619 Million

Chrysler Group today reported preliminary financial results for Q2 and the first half of 2014, including net income of $619 million for the quarter, up 22% from $507 million in the year-ago quarter. Chrysler net revenue for the Q2 was $20.5 billion, up 14% from a year ago. Continue reading

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Ford Motor Posts Q2 Pre-Tax Profit of $2.6 Billion

It was a solid quarter particularly when compared with Q1 results of a pre-tax profit of $1.4 billion, a decrease of $765 million compared Q1 of 2013. It’s possible that Ford moved charges into Q1 to pave the way for the CEO change that took place on 1 July with Mark Field replacing Alan Mulally. Continue reading

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