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Tag Archives: q2
GM Earns $1.2 Billion in Q2 or 75 Cents a Share
With the exception of China where most vehicle buyers are new, GM brands continue to face strong competition. Even though GM continues to receive quality awards and strongly positive reviews on new products, and has once again become competitive in the leasing market, it is having a tough time stealing buyers from competitors. Part of this is due to its damaged reputation; part is the strength of facing products with strong customer loyally. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, gm earnings, Ken Zino, q2
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Ford Motor Q2 Profit at $2.6 Billion or 30 Cents a Share
Ford Motor Company [NYSE: F] reported Q2 2013 pre-tax profits of $2.6 billion today, or 45 cents per share. The good overall result, which had analysts gushing over an automotive operating margin of 6.4%, improved 1.5 percentage points from 2012 at $726 million, or 15 cents per share, higher compared with a year ago. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, ford motor, Ken Zino, q2, taxpayer bailouts
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Penske Automotive Group Q2 Sales Down as Economy Slows
Penske – in AutoInformed’s view – is a leading indicator of where the auto market is going in the US and UK. The decline in new auto sales with an increase in used auto sales could indicate that the economy – here and globally – is on the verge of a recession. Continue reading →