Category Archives: financial results

Ford Motor Declares Q3 Dividend

The Board of Directors of Ford Motor Company declared a Q3 dividend of $0.125 per share on the company’s outstanding Class B – controlled by the family – as well as shares of common stock. Continue reading

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GM to take $700 Million Charge for Q2 Safety Recalls

GM said today in an SEC filing that it expects to take a charge of up to $700 million in the second quarter for the cost of recall-related repairs announced. This amount includes a previously disclosed $400 million charge for recalls announced May 15 and May 20. Continue reading

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Oops! Chrysler Group Posts Q1 Loss of $690 Million Because of UAW Buyout. Income, Revenue, Cash Flow all Increase, though

Chrysler Group reported net loss of $690 million for Q1 because of $1.2 billion in charges for the UAW buyout, which allowed Fiat to takeover complete control of Chrysler. Continue reading

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Ford Motor Q1 Pre-Tax Profit $1.4 Billion. Net $989 Million. Both Down

Ford Motor Company today posted decidedly mixed results as its warranty costs, older products, increased competition and special items led to a Q1 pre-tax profit of $1.4 billion, a decrease of $765 million compared with a year ago. Q1 net income is $989 million, or 24 cents per share, a decrease of $622 million compared with a year ago, including pre-tax special item charges of $122 million. Continue reading

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Switched Off! GM Q1 Earnings Plummet to $100 Million

General Motors Co. (NYSE: GM) today announced Q1 net income only $100 million, or $0.06 per diluted share. Q1 was a disaster with its net loss from special items of $400 million, or $(0.23) per diluted share, and a whopping $1.3 billion pre-tax charge for the cost of recall-related repairs, or $(0.48) per diluted share – a negative $1.7 Billion swing. Continue reading

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Toyota Motor Production 2.6 Million in Japanese Q4.

Toyota Motor posted strong results in its latest quarter with the fifth consecutive year of offshore production increases – a record high – with an ongoing and growing manufacturing presence in North America, Latin America, Europe, Asia and Oceania. Continue reading

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GM Files $750 Million Q1 Earnings Charge with SEC

The three-quarters of a billion dollar expense to stockholders includes yesterday’s safety recall of electric power steering assist affecting approximately 1.3 million vehicles and other safety recalls announced in the three months ending 31 March 2014. Continue reading

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Volkswagen Group Sets Third Straight Record Profit in 2013

A combination of new products, technology, acquisitions – Porsche, Ducati, and MAN – and plant expansions, especially in China, continues to give credence to VW’s announced intention to be the world’s largest automaker by 2018. It is now in third place behind Toyota and General Motors, so the Big Three in the business are from three different continents. Continue reading

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Tesla Loses Money Again During 2013. Stock Market Bullish

The darling of automotive stock speculators electric vehicle maker Tesla posted a yearly loss of -$74 million on revenue of more than $2 billion during 2013, compared with a -$396.2 million loss on $413.3 million in sales in 2012. The stock is trading at record levels of above $200 per share given the revenue increase, and with the company promising to increase it yet again during 2014. Continue reading

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Chrysler Group Borrows $5 Billion to Pay off UAW VEBA Debt

Before the bankruptcy, the UAW had previously – and reluctantly – accepted the notes to cover the health care costs of its retired members. This was a classic, many would say infamous, example of financial engineering under the Wall-Street-owned Bush Administration that removed union health care costs from the balance sheets of Chrysler, Ford and General Motors with a slight of hand trick. Continue reading

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