Category Archives: financial results

GM Declares Dividend on Series B Preferred Stock

Posted on 8 June 2013 by Ken Zino

The convertible preferred stock was offered at $50 per share when GM emerged from bankruptcy. The shares automatically convert to a variable amount of GM common stock on 1 December 2013. If GM common is trading at $33 for a period preceding that, preferred shareholders will at least break even on the $50 per share price paid. The leverage works both ways on the conversion price, though. Continue reading →

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Treasury Selling More GM Common Stock

Posted on 5 June 2013 by Ken Zino

The U.S. Department of the Treasury today announced that it would sell another 30 million shares of General Motors Company common stock in a public offering in conjunction with GM’s return to the S&P 500 index. Continue reading →

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Toyota Motor Posts $9.7 Billion Profit for Year

Posted on 9 May 2013 by Ken Zino

This was the largest annual return in five years for the world’s largest automaker, and a clear indication that the recalls of ten million vehicles during 2009-2010 and the product shortages from natural disasters in 2011 are now behind it. Continue reading →

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Treasury to Sell 242 Million Shares of General Motors Common

Posted on 6 May 2013 by Ken Zino

To recover the full loan Treasury would have to sell the remaining GM shares at more than $77. GM is currently trading at ~$32 per share. This means that taxpayers will take a loss on the bailout of GM. Continue reading →

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GM Q1 Earnings Drop 14% to $0.9 Billion. North America Weak. Europe Weaker. Cash Flow -$1.3 Billion

Posted on 2 May 2013 by Ken Zino

General Motors Company (NYSE: GM) today announced first quarter net income of $0.9 billion, or $0.58 per fully diluted GM share, down from $1 billion in the prior year quarter. The results include a net loss from special items that reduced net income by $0.2 billion, or $0.09 per fully diluted share. Continue reading →

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Volkswagen Group Q1 Profit Drops as Europe Mars Results

Posted on 30 April 2013 by Ken Zino

Volkswagen Group profits decreased to €2.3 billion in Q1, down from a record €3.2 billion a year earlier. Global deliveries increased by 4.8% to 2.3 million vehicles worldwide as the Group’s share of the passenger car market rose year-on-year to 12.6% from 12.2%. Continue reading →

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Fiat Group Posts Slim €31 Million Profit in Q1

Posted on 29 April 2013 by Ken Zino

The Fiat Group in Turin today posted Q1 profits of €31 million or about $40 million with revenues of €20 billion from worldwide shipments of more than 1 million vehicles. Continue reading →

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Chrysler Group Q1 Profits Drop to $166 million

Posted on 29 April 2013 by Ken Zino

Chrysler Group today reported its 2013 Q1 results of $166 million in profits on revenue of $15.4 billion, off 6% from $16.4 billion one year ago. Continue reading →

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GM files SEC Paperwork to Ease Share Sales

Posted on 26 April 2013 by Ken Zino

GM said in a statement that is not currently aware of any specific plans regarding an offering by any selling shareholders. When selling shareholders make an offering during the next three years, the terms would be established at the time of offering and described in a prospectus supplement filed with the SEC. GM will not receive any of the proceeds of sales of common stock or warrants by the selling shareholders in the shelf registration statement. Continue reading →

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Daimler Group Q1 Earnings Drop Based on EU Crisis

Posted on 26 April 2013 by Ken Zino

Daimler AG [DAI] posted a significant drop in Q1 earnings largely because of the ongoing economic slowdown in Western Europe where sales are running at a 20-year low. The Q1 EBIT of €917 million was less than half of Q1 … Continue reading →

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Ford Motor Posts Q1 Profit of $2.1 Billion

Posted on 24 April 2013 by Ken Zino

The Ford Motor profit of 41 cents per share was $147 million lower than a year ago as results in Asia were weak because of ongoing expansion; weaker still in South America because of currency problems in Venezuela and Argentina, as well as competition, and frankly disastrous in Europe where Ford has not been able to stem a flood tide of red ink for decades. Continue reading →

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Ally Financial Declares Dividends on Preferred Stock

Posted on 22 April 2013 by Ken Zino

The Ally Financial board of directors has declared quarterly dividend payments for outstanding preferred stock payable on 15 May 2013. Ally’s Fixed Rate Cumulative Mandatory Convertible Preferred Stock, Series F-2, will pay the U.S. Department of the Treasury $134 million, or $1.125 per share. Continue reading →

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Ford Motor to Pay Q2 Dividend of $0.10 Per Share

Posted on 12 April 2013 by Ken Zino

Ford Motor Company today declared Q2 dividend of $0.10 per share on the company’s outstanding preferred Class B and common stock. This is the same dividend paid in the first quarter of 2013, and twice the amount paid in Q2 last year. The second quarter dividend is payable on June 3, 2013 to shareholders of record on May 3, 2013. Continue reading →

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Daimler AG Sets Dividend at €2.20 a Share

Posted on 10 April 2013 by Ken Zino

At the Annual Shareholders’ Meeting of Daimler AG in Berlin on Wednesday, shareholders approved a dividend for the year 2012 of €2.20 per share, the same as in 2011 for a total dividend payout of €2.35 bllion. Continue reading →

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General Motors Declares Dividend on Series B Stock