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September 6, 2008 11:38:27 AM CDT

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Stories related to: auto industry

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Stories 121 - 137 of 137

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  • August 2007

    • Toyota Banks Best-Ever Quarter

      Detroit Free Press  |  Aug 3, 07 2:27 PM CDT

      Toyota Banks Best-Ever Quarter

      (Newser) - Toyota reported its highest quarterly earnings ever today after profits surged 32% to $4.1 billion due to booming sales and favorable exchange rates for the yen. Revenue rose $54 billion, up 16% compared to the same quarter last year, and the Japanese giant sold 2.16 million cars, an increase of 3.3%, the Detroit Free Press reports. More »

      Tags

      Japan  • auto industry  • General Motors  • Detroit  • car  • earnings reports  • Toyota  • yen  • quarterly profits

    • Foreign Cars Outsell Detroit

      Detroit News  |  Aug 2, 07 5:14 AM CDT

      Foreign Cars Outsell Detroit

      (Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from last July. More »

      Tags

      auto industry  • General Motors  • Detroit  • Ford  • Chrysler  • Toyota  • Nissan

  • July 2007

    • GM’s Quarter Is Twice as Nice

      Bloomberg  |  Jul 31, 07 10:02 AM CDT

      GM&rsquo;s Quarter Is Twice as Nice

      (Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous North American market. Shares rose 23% on the quarter. More »

      Tags

      auto industry  • business  • General Motors  • money  • Ford  • Toyota

    • Ford Turns 1st Quarterly Profit in 2 Years

      Bloomberg  |  Jul 26, 07 11:48 AM CDT

      Ford Turns 1st Quarterly Profit in 2 Years

      (Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford stock lost 17 cents a share in 2Q 2006. More »

      Tags

      auto industry  • Ford  • automaker  • quarterly profits  • profits  • Jaguar  • Volvo  • Land Rover  • Alan Mulally  • Aston Martin

    • UAW Gears Up for Contract Talks on Health Care

      New York Times  |  Jul 19, 07 9:11 PM CDT

      UAW Gears Up for Contract Talks on Health Care

      (Newser) - The United Automobile Workers Union starts high-stakes contract talks with Detroit automakers tomorrow, at a time when the union counts more retirees than active workers in its ranks—meaning higher health-care costs—and the American automotive industry is in dire financial straits. The talks are being called "the most important in a generation," the Times reports. More »

      Tags

      auto industry  • Detroit  • health insurance  • health care costs  • automaker  • unions  • retirees  • workers

    • Chrysler Plunges Into China Trade

      MarketWatch  |  Jul 4, 07 12:29 PM CDT

      Chrysler Plunges Into China Trade

      (Newser) - In a cost-cutting move, Chrysler will introduce cars produced by China's biggest automaker to the US market by late 2009. Chrysler and Chery staged a signing ceremony today in Beijing to allay fears about the American auto giant's new ownership not backing the deal, MarketWatch reports. The first vehicles will hit Latin American and Eastern European markets within a year. More »

      Tags

      auto industry  • car  • Chrysler  • merger  • automaker  • Chery

    • Japanese Foes Thump Big 3 in June Sales

      Reuters  |  Jul 3, 07 5:57 PM CDT

      Japanese Foes Thump Big 3 in June Sales

      (Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in the first half of the year, Reuters reports. More »

      Tags

      US economy  • auto industry  • General Motors  • car  • Ford  • Toyota  • Honda  • Nissan  • DaimlerChrysler

  • June 2007
  • May 2007
  • April 2007

    • Ford Turnaround Plan Pays Off

      Detroit Free Press  |  Apr 26, 07 10:59 AM CDT

      Ford Turnaround Plan Pays Off

      (Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track. More »

      Tags

      auto industry  • business  • car  • Ford  • Jaguar  • Volvo  • Land Rover

    • Kerkorian Offers $4.5 Billion For Chrysler

      Detroit Free Press  |  Apr 5, 07 4:18 PM CDT

      Kerkorian Offers $4.5 Billion For Chrysler

      (Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it can work with both management and the UAW, which would have an equity stake. More »

      Tags

      auto industry  • business  • car  • Chrysler  • United Auto Workers  • shares  • Kirk Kerkorian  • Daimler

  • March 2007

    • Lexus Reaches for Luxury Cachet

      Wall Street Journal  |  Mar 26, 07 11:23 AM CDT

      Lexus Reaches for Luxury Cachet

      (Newser) - Stodgy luxury standby Lexus is trying to trade up to the hot "prestige luxury" market with a new line of $70,000 and up automobiles.  Along with the new models comes a massive rebranding effort that aims, says a  marketing manager, to get "Louis Vuitton, Prada, Gucci and Lexus all mentioned in the same breath."  More »

      Tags

      auto industry  • car  • Louis Vuitton  • Prada  • ultra rich  • sports cars  • luxury car  • Lexus  • Gucci  • vehicles

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