Filed under: Etc., Chrysler, Ford, GM, Earnings/Financials, UAW/Unions
While throwing billions of dollars into a health-care VEBA for workers might be a heavy hit for the Big Three, in the long-term, the new contracts will likely save each automaker a substantial amount of cash. According to analysts, when the new contracts are in place in 2010, […]
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Filed under: Ford, Volvo, Earnings/Financials
Ford only lost hundreds of millions during the third quarter of 2007, versus the 5-something billion they torched through for the same period in 2006. Sales and revenue are up, and while we can’t see it yet, there might be a light at the end of the tunnel. Of course, it […]
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Filed under: Ford, Earnings/Financials
Ford announced its third quarter earnings today, and while there were losses pretty much across the board, they were smaller than the year before and gains were made in many key areas. For instance, while the company’s net loss for Q3 was $380 million, that’s a big improvement from the $5.2 billion […]
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Filed under: GM, Earnings/Financials
GM’s announcement of a $38.6 billion loss yesterday generated quite a bit of shock and many questions. The explanation of “accounting adjustments” didn’t sit well with those of us who don’t study tax laws for a living, so we decided to pull out our Rolodex and call up someone who could give […]
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Filed under: Toyota, Earnings/Financials
Whenever we talk about GM’s performance in the global market, people invariably want to hear about how well Toyota is doing in the same arena. The Japanese automaker has been nipping at the General’s heels in terms of the number of units each automaker has sold globally so far this year. Earlier […]
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