-
Recent Posts
- April 2026 Light Vehicle Production Forecast Drops Globally!
- First Look – Mercedes-Benz 2027 C‑Class EV
- IMSA and IndyCar – Acura Wins 2026 Long Beach Grand Prix!
- IMSA Street Fight – 2026 Acura Grand Prix of Long Beach
- Mustang GTD Runs Record Nordschleife Lap at 6m 40.835s
- Honda Fastport eQuad Vehicles Link to Bird and Spin
- Bosch Group Plans Sales, EBIT Growth after a So-So 2025
- Stellantis Q1 2026 Shipments Up 12% at 1.4 Million
- Light-Duty Fuel Cell Trucks – Isuzu, Toyota Collaboration!
- Airbag Malware – Honda Recalls ~440,000 Odyssey Vans
- Trumped – Used Car Prices Spike after Hitting 12-Month Low
- Nissan in Survival Mode Sheds Models for Next Gen Products
- IONNA Partners with Circle K on EV Charging
- IndyCar Makes Single Car Qualifying Permanent with Tweaks
- EcoCAR Innovation Challenge Pits General Motors v Stellantis
Recent Comments
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
Archives
Meta
Tag Archives: earnings
General Motors Posts Q3 Profit of $1.5 Billion, off -$200 Million. Ideologues Out in Full Force for Halloween and the Election
General Motors Co. (NYSE: GM) today announced third quarter net income of $1.5 billion, a drop of -$200 million from the same period in the prior year. This works out to $0.89 per share including special items, which reduced net income by $100 million and cut earnings per share by $0.04. In the third quarter a year ago, GM’s net income was $1.7 billion or $1.03 per share. The results represent a turnaround especially in view of Q1 of 2009 when GM lost almost -$10 per share.
In spite of wild claims – critics say deliberately false – from the repudiated Republican right about the auto bailout, GM is not going bankrupt. GM’s debt-to-equity ratio is only 25% of the overall auto industry average, and it now has more than $37 billion in liquidity. GM in the context of the current travails of the global auto industry is performing reasonably well. Continue reading
Chrysler Group Posts a Modest 2011 Profit of $183 Million
Chrysler Group earned a profit of $183 million for the full year 2011, up from a net loss of $652 million a year ago. The positive, if small, result came as the Italian owned company paid back a $551 million in debt to taxpayers. Chrysler’s net revenue for the year was $55.0 billion, up 31% from a year ago. Fourth quarter net revenue increased 41% to $15.1 billion, the best quarter since it emerged from a controversial taxpayer financed bankruptcy in 2009. Continue reading
GM Q3 Earnings of $1.7 Billion, Most from North America
Virtually all of the Q3 earnings came from North America – $2.2 billion, where Japanese competitors were largely out of the market during the period because of the Japan earthquake, which allowed GM to increase prices. GM Europe lost money; GM South America broke even; and International Operations – home of the booming China market – made $400 million. Continue reading
General Motors Posts Q2 Earnings of $2.5 Billion. Most in N.A.
Virtually all of GM’s earnings – $2.2B – came from North America, a worrisome development for the most international of the Detroit 3, whose largest markets are China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, and Italy.
Earnings were helped by booking revenue from pickup trucks shipped to North American dealers. GM built 516,000 light trucks in Q2, up 14% from a year earlier. Passenger car production increased 10% to 308,000. GM dealers currently have 209,000 pickups in stock – the equivalent of a 115 days supply in an industry that considers 60 days normal. Continue reading
Posted in auto news, financial results, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, earnings, gm earnings, Ken Zino, q2 gm results, results, zino
Leave a comment
FCA Q2 Earnings – Net profit at €0.8B. Trouble Ahead?
With the first financial results since an attempt to merge with France’s Renault, FCA said its adjusted earnings before interest and tax (EBIT) would top last year’s 6.7 billion euros ($7.5 billion). It also said it continues the quest for partners. Previously it promised to deliver 2020 adjusted earnings before interest and tax (EBIT), excluding the Magneti Marelli unit it sold, of €9.2-10.4 billion. Continue reading →