Category Archives: financial results

Auto Loan Balances up 53% Since Post Recession Low

Posted on 4 November 2015 by Ken Zino

The distribution of open loans by risk segment remains relatively unchanged, demonstrating that consumers drive the surge in outstanding automotive financing across the board, not a specific segment of the market. Continue reading →

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Ford Motor Q3 Financial Results Weak to Mixed

Posted on 29 October 2015 by Ken Zino

The question remains whether this is a breakthrough year at Ford as the company claims or just business as usual with the F-Series – $42,000 transaction price and strong sales leadership in the U.S. being the jewels in the crown. A redesigned Super Duty version of the F-Series comes in 2016, but the pickup line continues face threats from GM and FCA with its Ram brand. Continue reading →

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GM Earnings Flat at $1.4 Billion in Booming Market

Posted on 21 October 2015 by Ken Zino

However, past management decisions, positions in offshore markets, the failed attempt to take Chevrolet global and currency fluctuations continued to hurt shareholders. In total special items of $1.1 billion negatively affected the operating performance. Continue reading →

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Ford Motor Q4 Dividend Flat at 15 Cents

Posted on 8 October 2015 by Ken Zino

The fourth quarter dividend is the same as the dividends paid in the previous quarters this year Continue reading →

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Porsche Buys More VW Shares from Suzuki

Posted on 28 September 2015 by AutoCrat

Suzuki held Volkswagen share because of a disastrous joint venture. The Japanese automaker disclosed the transaction over the weekend. Suzuki will post ¥36.7 billion (~$304 million) as a special item. Continue reading →

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Porsche Profits Impaired by Pending VW Diesel Recall, Fines

Posted on 22 September 2015 by Ken Zino

Because of the capital stake Porsche Automobil Holding SE, Stuttgart holds in Volkswagen AG (31.5%), the results of Porsche SE will be diminished. The Porsche Profits target for the Porsche SE Group for fiscal 2015 will also require adjustment downward. Continue reading →

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Is the Tesla Bubble About to Burst?

Posted on 10 August 2015 by Ken Zino

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

Posted on 5 August 2015 by Ken Zino

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

Posted on 5 August 2015 by Ken Zino

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

Posted on 4 August 2015 by Ken Zino

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

Posted on 28 July 2015 by Ken Zino

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

Posted on 18 June 2015 by Ken Zino

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?

Posted on 14 May 2015 by Ken Zino

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

Posted on 30 April 2015 by Ken Zino

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

Posted on 28 April 2015 by Ken Zino

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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