Category Archives: financial results

US Western States Lead Welfare Increases. Revenues Lag

Not surprisingly given the scandalous manipulation of the tax codes by the rich, overall general state government revenues rose 1.8% from $1.71 trillion in 2013 to $1.74 trillion in 2014, while general expenditures rose 2.6%, from $1.68 trillion to $1.73 trillion. How do you spell DEFICIT? Continue reading

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GM gets $2 Billion Credit Boost from ‘Too Big to Fail’ Banks

It’s a classic example of banks lending money when the borrower doesn’t need it. This gives GM flexibility – liquidity to ride out another downturn such as the one that led to its bankruptcy, or increase its acquisitions of mobility companies such as Lyft, or fund the development of new products. Continue reading

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Treasury Secretary Says Risk to Economy Increasing at G7 Meeting in Japan

Lew claimed , “we need the balanced use of all the policy tools – fiscal policy, monetary policy and structural reforms – to address weak demand, boost employment, and tackle our common long-term challenge of aging populations. Going back the first Bush Administration and through Obama’s, the U.S. ruling class has failed dismally at managing all three. Continue reading

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Nissan Buys 37% of Scandal-Beset Mitsubishi Motors for $2.2B

Nissan Motor will buy 37% of Mitsubishi Motors for $2.2 Billion the companies said today in Yokohama and Tokyo, Japan. This requires a new MMC stock share issue. Call it a “one barrel of a two-barrel shotgun wedding.” Continue reading

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BMW Group Sets Q1 Records for Sales, Earnings

“Our first-quarter performance is further proof of our ability to generate positive earnings with our core business, despite a volatile environment.” Continue reading

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Ferrari Posts Strongest Ever Q1. Another Record Year Coming?

Ferrari said it is aggressively exploring the luxury goods space that extends beyond luxury performance sport cars, while expanding Scuderia Ferrari merchandising linked to its racing activities in F1. Continue reading

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Record Q1 at Ford Motor Company

Q1 followed a record year during 2015 for the Dearborn MI-based company during 2015 which Ford expects to equal or surpass in 2016. Continue reading

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GM Sets Q1 Earnings Record From US Truck, SUV Sales

However, with the exception of GM North America with its Q1 record EBIT-adjusted of $2.3 billion, including $0.2 billion for restructuring costs, GM’s other operations were weak performers returning little to shareholders if not hurting their investment in the global conglomerate. Continue reading

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Shareholders’ Meeting Sets Highest Dividend Ever for Daimler

During the Annual Shareholders’ Meeting of Daimler AG held in Berlin today, the shareholders approved the payment of a dividend for the year 2015 of €3.25 ($3.71) per share compared to €2.45 for 2014. Continue reading

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Diesel Stink – Volkswagen Postpones Annual Results Report

The timing of the report clarifying the background and responsibilities connected to the diesel emission issue is not affected by this decision. Continue reading

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Toyota Earns $5.4 Billion Profit in Its Fiscal Third Quarter

For the nine-month period ended December 31, 2015 consolidated vehicle sales totaled 6,492,784 units, a decrease of 246,374 units compared to the same period last fiscal year. However, TMS retained its global sales lead over diesel Scandal plagued Volkswagen Group, General Motors. Corp. Continue reading

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The Joys of Trucks! Ford Motor Sets Earnings Record in 2015

The strong results came from the automobile businesses with full year Automotive pre-tax profit of $8.8 billion, up $3.3 billion. All business units, with the exception of South America were profitable. North America and Ford Credit were notably successful. Continue reading

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FCA Surprises Analysts with €377m Profit

The spin-off of Ferrari allowed the Group – formerly known as Fiat Chrysler – to begin 2016 operations with net industrial debt of €5.0 billion. Continue reading

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Fiat Ferrari Spinoff Set for January 1-3

As part of the spinoff, FCA shareholders will receive one common share of Ferrari for every ten common shares of FCA and one special voting share of Ferrari for every ten special voting shares of FCA held. Continue reading

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Ally Bailout Terms Met – Allowing for Common Dividends

This removes the restriction on Ally of offering common equity distributions. Ally’s stated objective is to pay a dividend and start a share repurchase program in 2016. Continue reading

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