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Tag Archives: 2011 results
GM Posts Record $9.1 Billion Profit in 2011 – $7.6B on Common
GM’s latest results will no doubt add more fodder as the elite political ruling class continues a contentious debate about the proper roll of government in the weak U.S. economy in general, with the $80 billion auto bailout one of the focal points. One wag suggested that Democrats should run on “Bin Laden is Dead, GM is Alive.” Continue reading
Posted in auto news, financial results, results
Tagged 2011 results, auto bailouts, auto informed, autoinformed.com, automotive news, financial results, GM, gm results, Ken Zino, results
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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
European Auto Sales down in 2011 for Fourth Straight Year
For the year American automakers General Motors finished fourth with a flat 8.7% share. Fifth place Ford Motor (8%, a slight decline) made no sales progress either, even though both companies have introduced a series of new models. Sixth place Fiat – the owner of Chrysler courtesy of American taxpayers – continues to struggle along with Italy, off almost a full percentage point in share to 7.1%. One bright spot – Jeep sales are up 63% from an admittedly small base to more than 22,000 units. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged 2011 results, acea, auto informed, autoinformed.com, automotive news, eu, european auto sales, eurozone sales, hyundai, Ken Zino, Korean fta, marchionne, results eu results
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GM U.S. Sales Up 5% in December, +14% 2011. Share Increases
GM expects full-year 2012 light vehicle sales to be in a range of 13.5 million to 14.0 million units. In previous years, GM’s forecasts were based on total vehicle sales, which included medium- and heavy-duty vehicles, or about 300,000 additional units. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged 2011 results, auto informed, autoinformed.com, automotive news, gm results, Ken Zino, results, sales results
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