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28 April 2007 posted in Earnings/Financials 7 views
Wagoner cuts pay by 25% to aid turnaround, well kind of 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
28 March 2007 posted in Auto 2 views
DCX zu verzögern ersten Quartal Bericht HTTP/1.1 200 OK Date: Fri, 14 Nov 2008 14:01:05 GMT Server: Apache/2.2.9 (Unix) mod_ssl/2.2.9 OpenSSL/0.9.8i DAV / 2 mod_auth_passthrough/2.1 mod_bwlimited/1.4 FrontPage/5.0 .2.2635 X-Powered-By: PHP/ ...
Tags: mercedes, mercedes benz, chrysler, daimlerchrysler, dcx, automotive news, earnings, quelle, MercedesBenz, sprecher, server apache, fri, apache 2, dav, content type, text html, unix, charset, utf, financial reporting standards, international financial reporting standards
15 March 2007 posted in Earnings/Financials 4 views
We can't count: GM admits internal accounting is off If you pay attention to the Business section of the newspaper, then you're no doubt aware of how many public companies have been restating their earnings as of late. You can thank the Sarbanes-Oxley A ...
Tags: gm, automaker, cnn, no doubt, general motors, shocker, earnings, shareholders, balance sheet, stock price, impossibility, snafus, tyco, accounting scandals, sarbanes oxley act, internal accounting, sarbanes oxley act of 2002, tax departments, business section, worldcom
24 November 2006 posted in Earnings/Financials 3 views
Takuma Sato earns the big bucks You may be shocked and startled to find out that Takuma Sato is among the highest-paid drivers in F1. This despite his dismal driving record, reputation as an irresponsible driver, and inability to ho ...
Tags: cars, love, autoblog, honda, japan, f1, world champion, reputation, salary, jenson button, fernando alonso, earnings, fraction, takuma sato, premier racing, team mate, patrons, super aguri, sponsorship contracts
14 November 2006 posted in Earnings/Financials 6 views
Ford restates earnings and finds an extra $550 million in Q3 The accountants over at Ford have cleaned off their desks looking for every available financial number between 2001 and 2005 and discovered the company had actually made more money than it originally ...
Tags: ford, money, three quarters, accounting, blue oval, automotive news, derivatives, paperwork, earnings, desks, accountants, q3, securities and exchange commission, securities and exchange, volatile interest rates, sec requirements, finance division
31 July 2006 posted in Earnings/Financials 9 views
Volvo's profitablity waning In Ford's Premier Auto Group (PAG) one manufacturer has stood alone, sustaining a high degree of prosperity in the past. However, in the last two years, Volvo has seen a decline in its new vehicle sal ...
Tags: premier auto, auto group, ford, volvo, decline, marketplace, niche, s80, forefront, accounting, wizards, automotive news, second quarter, earnings, prosperity, dollars and cents, swedish manufacturer, c70, new vehicle sales
31 July 2006 posted in Earnings/Financials 5 views
Business is booming at Toyota Toyota Motor is scheduled to release its earnings report later this week, and the Japanese media is reporting that it will be awe-inspiring. Second quarter operating profits will be up 23 percent, to ...
Tags: toyota, businessweek, reuters, profits, toyota motor, recalls, second quarter, earnings, japanese media, toyota toyota, sexual harassment lawsuits, stellar results
7 June 2006 posted in Earnings/Financials 7 views
Probe into Delphi finances targets seven former company officials Presumably, the fact that "target letters" have been sent to seven ex-Delphi executives by the Securities and Exchange Commission is not a welcome sign for those on the receiving end of that particula ...
Tags: target, detroit news, delphi, profits, accounting scandal, earnings, shareholders, targets, welcome sign, company officials, securities and exchange commission, securities and exchange, bankruptcy filing, delphi source, civil lawsuits, civil charges, criminal penalties, justice department
29 May 2006 posted in Earnings/Financials 7 views
Ford's Super Duties delayed until calendar 2007 Those waiting to do a spot of stump-pulling with Ford's revamped 2007 Super Duty pickups will have to hold their horses a little longer. The fortified F-Series trucks won't hit dealers until January, ...
Tags: ford, gmc, horses, chevrolet, diesels, big boys, detroit free press, general motors, gmc sierra, fourth quarter, series trucks, variants, chevrolet silverado, earnings, calendar 2007, holdup, quality measures
28 February 2006 posted in Trends 7 views
Dana Corp. stock rebounds on word of bank meetings Tier-1 automotive parts supplier Dana Corp. announced Monday that is discussing financing issues with banks and lenders, with hopes of coming up with a plan within a two-week timeframe. On this news, ...
Tags: reuters, accounting, earnings, automotive parts, timeframe, last friday, banks, bankruptcy, dana corp, york stock exchange, new york stock, new york stock exchange, tier 1, last autumn, profit projections, stock shares, lenders
1 January 2006 posted in Trends 8 views
Shareholder value takes a big hit at GM, Ford, Visteon, Delphi and Lear The collective market capitalization lost by the fabulous five in 2005 is an incredible $31.9 billion, according to a Detroit Free Press article Saturday.The biggest losses, of course, were at GM and ...
Tags: gm, ford, stock prices, delphi, detroit free press, gm ford, losses, press article, earnings, investors, visteon, market capitalization, shareholder value, lear, video game company, ford visteon, h j heinz, fabulous five, ketchup maker, electronic arts
23 November 2005 posted in Trends 5 views
GM on a roll in China Kevin Wale, GM's top exec in China, announced today that he expects GM to keep growing market share in China next year. Industry-wide unit sales in the Chinese market should grow by 10-15 percent this ...
Tags: volkswagen, gm, reuters, exec, three quarters, china, chinese market, earnings, current market, market leader, gm market share, wale
11 November 2005 posted in Trends 7 views
GM in dire straits Detroit is drowning in the saliva of drooling bankruptcy lawyers. Both papers in Detroit today had some very scary headlines that included 'GM' and 'bankruptcy' in the same breath — it's on ...
Tags: gm, stock, detroit news, headlines, detroit free press, spokespeople, wall street, gmac, earnings, likelihood, kirk kerkorian, bankruptcy lawyers, corporate raider, local papers, dire straits, saliva
12 August 2005 posted in Trends 6 views
VW sends Moonraker group to learn U.S. Market A group of VW specialists is traveling the U.S. to glean new insight into what the U.S. market wants. The group, dubbed Moonraker after the James Bond movie and Ian Flemming novel, consists of 22 Germ ...
Tags: germans, novel, insight, moonraker, s market, earnings, realization, james bond, sales volume, ian flemming, brand reputation, malibu ca, internal publication, business concept, urgency, team members
28 July 2005 posted in Trends 4 views
Hyundai profits jump 24 percent in second quarter The Cinderella story of the automotive industry continues as Hyundai reported a second quarter net profit of 613.2 billion won ($594.8 million), which is a 24% jump over the same quarter last year. Th ...
Tags: kia, models, automotive industry, hyundai, honda, profits, sister company, largest automaker, second quarter, earnings, raw material costs, kia motors, cinderella story, net profit, grandeur, cinderella
22 July 2005 posted in Trends 6 views
Ford, DCX to cut jobs Ford may be cutting up to 30% of its white-collar workforce as a result of poor financial performance, which would result in the loss of approximately 10,500 jobs. That would make the previously annou ...
Tags: jobs, ford, plants, dcx, layoffs, earnings, workforce, shareholders, productivity improvements, contract negotiations, financial performance, caw, brampton, windsor, automation
1 June 2005 posted in Car Buying 9 views
Christian Group boycotts Ford Tuesday, the American Family Association, a conservative Christian group, started a boycott of Ford Motor Company. Their main complaint is that Ford supports gay rights groups, offers benefits to ...
Tags: gm, ford, chrysler, ford motor, ford motor company, publicity, pledge, earnings, gay rights groups, disney boycott, same sex relationships, same sex couples, park attendance, walt disney co, gay employees, christian group, boycotts, walt disney, afa, disney
20 April 2005 posted in Aftermarket 7 views
Cooper Tires has record first quarter While the automakers are having trouble tire makers are doing fine. Cooper, once known for just making tires for race cars, saw a seven percent year-over-year rise in its profits for the first quarter ...
Tags: automakers, race cars, tires, profits, first quarter, light truck tires, cooper tires, earnings