Tag: Financial Results

GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit

General Motors Co. defied a softening auto market with a surprise prediction that profit will remain steady this year and grow in 2019 thanks to a wave of new trucks and SUVs. Earnings this year will be consistent with the record result the company pre-reported on Tuesday. While GM is going to grapple with costs… Continue reading GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit

GM posts strong 2017 despite losses

General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. was the only Detroit automaker to post a net loss in 2017, down $3.9 billion as it adjusts for the new tax law and takes one last hit from the money-losing European business it sold… Continue reading GM posts strong 2017 despite losses

Mitsubishi Motors Q3 profit jumps 19 fold to $865 mn

As part of the alliance that includes Nissan and Renault, Mitsubishi Motors is also targeting cost-savings of more than 100 billion yen over the next three years due to development and procurement efficiencies. TOKYO: Mitsubishi Motors Corp on Monday said its operating profit more than doubled during the third quarter as higher sales in Asia… Continue reading Mitsubishi Motors Q3 profit jumps 19 fold to $865 mn

After profit beat, GM looks to trucks, SUVs to rev up margins

DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday a richer mix of full-size pickups and mid-size SUVs in North America should help it offset higher commodity costs in 2018 and maintain pretax margins above 10 percent. The automaker posted better-than-expected quarterly results as cost cutting and higher vehicle prices offset a double-digit decline… Continue reading After profit beat, GM looks to trucks, SUVs to rev up margins

Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects

With the launch of its excellent DB11, Aston Martin sales spiked 56 percent in 2017, with more than 5,100 cars sold, the most the company has shifted since 2008. Aston’s leader from 2014, Englishman Andy Palmer, is strongly optimistic about the prospects for the company, founded in 1913, over its next century, as the onetime… Continue reading Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects

GM reports $3.9 billion loss for 2017

General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale, in what the company characterized as a very strong year. Even though… Continue reading GM reports $3.9 billion loss for 2017

General Motors enters losses in 2017 due to Trump’s new tax reform and the sale of Opel to PSA

Posted 06/02/2018 14: 42: 54CET DETROIT (UNITED STATES), 6 Feb. (EUROPA PRESS) – General Motors (GM) recorded net losses attributable of 3,864 million dollars (about 3,131 million euros at the current rate) in 2017, compared to 9,427 million dollars (7,642 million euros) of profit obtained in the previous year, according to data published by the… Continue reading General Motors enters losses in 2017 due to Trump’s new tax reform and the sale of Opel to PSA

S & P upgrades Fiat Chrysler’s long-term rating to ‘BB +’ for its strong profit margin

Posted 06/02/2018 14:17:37CET LONDON, Feb. 6 (EUROPE PRESS) – The credit rating agency S & P has revised up the long-term rating of the Fiat Chrysler Automobiles (FCA) automobile consortium, which goes from ‘BB’ to ‘BB +’ (questionable quality, with uncertain long-term capacity with great sensitivity to adverse environments). The firm explained that this improvement… Continue reading S & P upgrades Fiat Chrysler’s long-term rating to ‘BB +’ for its strong profit margin