Earnings/Financials
General Motors continues its turnaround by posting a 4.7% increase in sales last month versus last year, bolstered mostly by the 68.6% increase at Saturn and a strong showing from GMC (8.6%) and Ponti ... Tags: chrysler, gmc, automaker, buick, ford motor co, ford motor, acura, monster, general motors, chrysler group, turnaround, fleet sales, wrangler, percentages, toyota motor, bmw 3, retail sales, nissan north america, honda america, 360 chrysler
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Spyker is bankrupt. Old news, actually, it happened in 1926. Spyker Cars, founded in 2000, however, got a little extension on life back in September when it mortgaged the Spyker name for a €12.5 ... Tags: forbes, 5 million, investors, old news, spyker cars, mortgages, sports utility vehicle, reuters story, friesland bank, stock trading
Technorati Tags: forbes, 5 million, investors, old news, spyker cars, mortgages, sports utility vehicle, reuters story, friesland bank, stock trading
If you've got some cash tucked away somewhere not doing anything (and not already invested in AAPL), Jim Cramer said Tuesday that Toyota is his favorite automotive pick. Actually he said, " BUY! BUY! ... Tags: gm, chrysler, car company, daimlerchrysler, bet, general motors, nuts, tv show, downturn, show host, jim cramer, auto company, forehead, cnbc, cold rolled steel, toyota logo, gunrack, single buyer, mad money, free subscription
Technorati Tags: gm, chrysler, car company, daimlerchrysler, bet, general motors, nuts, tv show, downturn, show host, jim cramer, auto company, forehead, cnbc, cold rolled steel, toyota logo, gunrack, single buyer, mad money, free subscription
The newly minted Chrysler Corp. held its first press conference today and carryover CEO Tom LaSorda made it clear that all of Chrysler's brands will be kept together after the sale to Cerberus Capital ... Tags: wolfgang bernhard, chrysler, hybrid technology, chinese automaker, automotive news, suits, wings, vw audi, class car, tom lasorda, chrysler corp, ceo of chrysler, product portfolio, automaker chery, agrave, capital management, daimler ag, breaking up the band, pretty woman, noncompete clause
Technorati Tags: wolfgang bernhard, chrysler, hybrid technology, chinese automaker, automotive news, suits, wings, vw audi, class car, tom lasorda, chrysler corp, ceo of chrysler, product portfolio, automaker chery, agrave, capital management, daimler ag, breaking up the band, pretty woman, noncompete clause
After months of speculation, the Chrysler sale happened without too much fanfare on Monday morning, as Cerberus came out as the top bidder, and several potential investors came away empty-handed. One ... Tags: speculation, chrysler, hard time, chrysler group, daimler, automotive news, fanfare, collar employees, liabilities, auburn hills, ron gettlefinger, group president, monday morning, uaw members, best interest, private equity group, michele, chrysler employee buyout, jeep plant, cebc
Two years ago when General Motors embarked on its latest turnaround plan, the company instated a two-year stock trade ban on its top 20 executives. The group included well-known names such as Chief Ex ... Tags: gm, bob lutz, cnn money, cnn, general motors, rick wagoner, execs, vice chairman, investors, stocks, turnaround plan, global product, stock trade, trades, turnaround period, trade ban, sarah gilbert, wednesday afternoon
Technorati Tags: gm, bob lutz, cnn money, cnn, general motors, rick wagoner, execs, vice chairman, investors, stocks, turnaround plan, global product, stock trade, trades, turnaround period, trade ban, sarah gilbert, wednesday afternoon
General Motors' analysts predict that the automaker will sell approximately 9.2 million vehicles worldwide this year. According to Rick Wagoner, over 60-percent of those vehicles will be sold outside ... Tags: gm, automaker, detroit news, general motors, rick wagoner, million vehicles, china, s sales, turnaround, soldier, first quarter, market share, s market, current sales, trajectory, home turf, foreign markets
Technorati Tags: gm, automaker, detroit news, general motors, rick wagoner, million vehicles, china, s sales, turnaround, soldier, first quarter, market share, s market, current sales, trajectory, home turf, foreign markets
Anyone who knows even a little bit (like I do) about American Specialty Cars is usually fascinated. After all, this is the company behind the Buick GNX, but it's also the company behind the Chevy SSR. ... Tags: dodge, sunroof, buick, general motors, viper, little bit, hiatus, automotive news, chevy ssr, specialty cars, lurch, workforce, chapter 11 bankruptcy, writing on the wall, fiasco, private equity firm, Buick GNX, hancock park, design businesses, sad day
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Brian from Cheers & Gears, the GM aficionado site, sent us a link to a forum thread that is definitely of interest. Keep in mind that there's no official confirmation of any of this yet, so we're ... Tags: fuel economy, launch, bob lutz, camry, gears, hybrid version, honda accord, gm product, zeta, c amp, toyota camry, bevy, drivetrain, grain of salt, aficionado, czar, forum thread, rumormill, chevy volt, political battles
Technorati Tags: fuel economy, launch, bob lutz, camry, gears, hybrid version, honda accord, gm product, zeta, c amp, toyota camry, bevy, drivetrain, grain of salt, aficionado, czar, forum thread, rumormill, chevy volt, political battles
The good news is that GM posted a profit of $62 million, which is the company's second consecutive quarterly profit. The bad news is that the $62 million represents a 90% decline in profits from the f ... Tags: gm, incentives, decline, profits, bad news, fleet sales, first quarter, uaw, implosion, housing market, transaction price, gmac financial services, core operations, quarterly profit, private equity group, subprime lending market, q1 profit, profit issues, labor negotiations, residential mortgages
Technorati Tags: gm, incentives, decline, profits, bad news, fleet sales, first quarter, uaw, implosion, housing market, transaction price, gmac financial services, core operations, quarterly profit, private equity group, subprime lending market, q1 profit, profit issues, labor negotiations, residential mortgages
Chrysler and Toyota gain while GM, Ford fall As you scan the interweb for news of April sales numbers today, be careful. There were two less selling days in April of this year compared to 2006 (24 vs. ... Tags: gmc, hummer, automaker, american operations, buick, jeep brand, acura, kudos, general motors, chrysler group, gm ford, sales numbers, fortunes, media outlets, april sales, raw numbers, biggest loser, interweb, bmw 8, dsr
Technorati Tags: gmc, hummer, automaker, american operations, buick, jeep brand, acura, kudos, general motors, chrysler group, gm ford, sales numbers, fortunes, media outlets, april sales, raw numbers, biggest loser, interweb, bmw 8, dsr
It's official, Porsche has submitted an offer to buy the Volkswagen group. Unless you've been living in a cave, you probably already know that the erstwhile sportscar manufacturer is more profitable t ... Tags: volkswagen, porsche, lamborghini, bugatti, bare minimum, volkswagen ag, stuttgart germany, volkswagen group, shareholders, wolfsburg germany, porsche ag, sportscar manufacturer, conglomerate, german law, vw board, automobile makers, german federal agency, preferred share, bafin, preferred shares
Technorati Tags: volkswagen, porsche, lamborghini, bugatti, bare minimum, volkswagen ag, stuttgart germany, volkswagen group, shareholders, wolfsburg germany, porsche ag, sportscar manufacturer, conglomerate, german law, vw board, automobile makers, german federal agency, preferred share, bafin, preferred shares
When possible, we like to cross-reference stories with other news sources before we report on them, and we've found this to be even more important when the topic at hand is hard data. When we came acr ... Tags: gm, detroit news, detroit free press, rick wagoner, ceo, grand total, turnaround, google, freep, salary, earnings, bloomberg, discrepancy, reuters story, other news sources, stock awards, whatev, stock options, actuality, 2m
Technorati Tags: gm, detroit news, detroit free press, rick wagoner, ceo, grand total, turnaround, google, freep, salary, earnings, bloomberg, discrepancy, reuters story, other news sources, stock awards, whatev, stock options, actuality, 2m
In recent years, Mitsubishi's cross-town counterparts, Honda and Toyota, have been racking up record sales and profits, with the former showing steady growth, while the latter is taking over the world ... Tags: ups, mitsubishi, honda, bottom line, quality issues, profits, scandals, turnaround, execs, new lancer, counterparts, fiscal year, record sales, year 2002, mojo, cross town, yen, dsm, boston herald, incremental growth
Technorati Tags: ups, mitsubishi, honda, bottom line, quality issues, profits, scandals, turnaround, execs, new lancer, counterparts, fiscal year, record sales, year 2002, mojo, cross town, yen, dsm, boston herald, incremental growth
On slightly higher revenue, and with cost-cutting moves well underway, Ford Motor Co. posted a much smaller loss in Q1 of 2007 than for the same period in 2006. This year's net loss was a still-substa ... Tags: aston martin, ford motor co, ford motor, s sales, cost cutting, automotive news, s market, vehicle operations, optimism, luxury vehicle, quarter results, pink slips, turnaround plan, pretax profit, global auto, premier automotive group, drop in the bucket, ford source, alan mulally, quarter revenue
Technorati Tags: aston martin, ford motor co, ford motor, s sales, cost cutting, automotive news, s market, vehicle operations, optimism, luxury vehicle, quarter results, pink slips, turnaround plan, pretax profit, global auto, premier automotive group, drop in the bucket, ford source, alan mulally, quarter revenue
With the first quarter of 2007 in the books, Toyota has emerged as the world's top auto seller -- for the time being, at least. The Japanese giant beat GM on the global level for the first time ever, ... Tags: gm, toyota, automakers, three quarters, marketplace, first quarter, renaissance, million cars, global product, global level, top auto, japanese giant, auto seller, slugfest
Technorati Tags: gm, toyota, automakers, three quarters, marketplace, first quarter, renaissance, million cars, global product, global level, top auto, japanese giant, auto seller, slugfest
We knew that the new GM global small car platform was important to the embattled carmaker, but now we know just how valuable GM thinks it is. The new Gamma is apparently worth quite a bit to the futur ... Tags: gm, korea, small car, powertrain, liters, amp, daewoo, carmaker, speed transmission, automotive news, car platform, diesel engines, gm daewoo, seoul, daewoo auto, technology co, cfo, development operations, gamma, fritz
Technorati Tags: gm, korea, small car, powertrain, liters, amp, daewoo, carmaker, speed transmission, automotive news, car platform, diesel engines, gm daewoo, seoul, daewoo auto, technology co, cfo, development operations, gamma, fritz
Last week we told you that DaimlerChrysler's Rüdiger Grube was heading to New York to visit with potential suitors for the Chrysler Group. And it appears he was a man on a mission. It seems that a clo ... Tags: chrysler group, canadian auto, magna international inc, magna international, man on a mission, auto parts supplier, kirk kerkorian, supervisory board, blackstone group, private equity firm, equity partnership, cerberus capital management, cerberus capital management lp, billionaire kerkorian, centerbridge capital partners, capital partners lp, leveraged buyout firms, april showers, member equity, initial meetings
Technorati Tags: chrysler group, canadian auto, magna international inc, magna international, man on a mission, auto parts supplier, kirk kerkorian, supervisory board, blackstone group, private equity firm, equity partnership, cerberus capital management, cerberus capital management lp, billionaire kerkorian, centerbridge capital partners, capital partners lp, leveraged buyout firms, april showers, member equity, initial meetings
We just reported that a group of Chrysler employees in Toledo are crafting a proposal that would have the automaker's 50,000 UAW workers buy a controlling stake in the automaker. The proposed worker b ... Tags: chrysler, automaker, chrysler group, stake, automotive news, uaw workers, canadian auto workers, auto workers union, buzz hargrove, investment firm, pensions, tracinda corp, canadian auto workers union, investor kirk kerkorian, employee buyout, table source, estimation, chrysler employees, billionaire investor kirk kerkorian, cold shoulder
Technorati Tags: chrysler, automaker, chrysler group, stake, automotive news, uaw workers, canadian auto workers, auto workers union, buzz hargrove, investment firm, pensions, tracinda corp, canadian auto workers union, investor kirk kerkorian, employee buyout, table source, estimation, chrysler employees, billionaire investor kirk kerkorian, cold shoulder
The Detroit News is reporting that a group of 25 Chrysler employees in Toledo have formed a group called the "Employee Buyout Committee" and are actively exploring the necessary steps required to see ... Tags: chrysler, detroit news, daimlerchrysler, stake, spokesperson, fate, magna, uaw, buyout plan, employee buyout, blackstone group, cerberus capital management, private equity firms, chrysler employees, michele, meeting in berlin, gropu, deiter, necessary steps, april 4
