-
Recent Posts
- Ford Motor Recalls All 2021 Mustang Mach-E Crossovers
- Stellantis Reports Legacy FCA, PSA 2020 Financial Results
- SEC Starts Task Force on Climate Change Investment Risks
- Volvo Cars Posts a +29% Global Sales Increase in 2021
- Ugh – US Light Vehicle Sales Drop during February 2021
- World’s First Electric Bentleys to be Built by Lunaz
- First Look – February 2021 Auto Sales
- Volvo to Only Sell EVs Online as a Pure EV Company by 2030
- Brazil – A Ford Motor South American Nightmare
- Daimler Truck, Volvo Group Create “cellcentric” Fuel-Cell JV
- HomeStation – Connected Home Charging for Electric Vehicles
- Brazil to Nationalize Ford Motor Plants?
- Daimler Earns €4.0 billion in 2020
- New St. Clair Magna Plant to Supply GMC’s Hummer EV
- First Look – 2022 Lexus IS 500 F Sport Sedan
News from PR Newswire
Recent Comments
- General Motors Posts 2020 Earnings of $6.4 Billion. Q4 at $2.8B | AutoInformed on NHTSA Nixes GM Petition for Exclusion of Millions of Big Trucks and SUVs from Takata Airbag Recalls
- Daimler to Spin-Off Daimler Truck into Separate Company | AutoInformed on Daimler Issues Its First Green Bond of €1 Billion
- Autocrat on BrightDrop? General Motors New Business Claims It Will Electrify, Improve Goods and Services Delivery
- Ford Picks Google over Apple for Connected Vehicle Offerings | AutoInformed on Pew Research Center on Americans’ Views About Privacy, Surveillance and Data-Sharing
- GM Earns $5.3B in Q3 – Trucks, China Help | AutoInformed on Cadillac LYRIC – Taking Back the Luxury EV Lead?
Archives
Meta
Tag Archives: q2 results
Chrysler Group Posts Q2 2012 Net Profit of $436 million. Modifed Profit $755 million
Actual net income or profit was $436 million, an $806 million improvement from the $370 million net loss in the Q2 last year that included a $551 million charge for repayment of Chrysler’s Canadian and U.S. taxpayer subsidized loans. The loans allowed a bankruptcy restructuring in 2009 that ultimately saved thousands upon thousands of jobs at Chrysler and its suppliers. Combined with taxpayer money pumped into General Motors, Ford and Nissan, under various stimulus actions, the bailouts or subsidized loans saved the U.S. auto industry. Continue reading
Ford Motor Q2 Profit Plummets $1.4 Billion as Europe, South American and Asia Continue to Hurt Earnings and Shareholders
Ford Motor Company [NYSE: F] posted its 12th consecutive quarterly pre-tax operating profit this week based almost entirely on North American results. Weak to frankly disastrous performances in Ford’s global operations saw Q2 income drop to $1 billion, or 26 cents per share, a decrease of $1.4 billion from Q2 2011. Continue reading
Ford Motor Q2 Profit Drops 8% to $2.4 Billion on $4.2 Billion Revenue Increase. Ford Credit, all Regions Except N.A. Decline
Ford’s second quarter net income was affected by so called “unfavorable special items” of $272 million – $177 million more than a year ago. The special items include personnel reduction actions as Ford continues to retrench. The closing of Mercury and other dealer-related actions in North America, as well as pension settlements in Belgium also negatively affected the results. Continue reading
Chrysler Group Q2 Revenues up $3.2 B but Profit Down
By Chrysler’s accounting, Chrysler said it would have reported a $181 million profit in the second quarter, but took a $551 million one-time charge to repay loans from the U.S. Treasury Department and the Canadian government. Continue reading
