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Ford’s fourth-quarter profit hit by $800 million Venezuelan currency charge


The second-largest US automaker, Ford Motor recently announced that a charge that came from Venezuela related operations has negatively impacted the fourth-quarter net profit. The country’s volatile currency has led to a $700 million cut of the estimated fourth-quarter net profit at Ford, with the company saying it has been battling the valuation of the Venezuelan Bolivar for more than a ...
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South Korea: Uber is in violation of communications law
According to South Korea’s media regulator, Uber Technologies – the well-known US company that offers ride-sharing services all around the world – has breached communications rules on using location data ...
US: Uber driver charged for raping passenger in Boston
An Uber Technologies Inc. driver from Boston has been charged because he took a woman that called for a ride to a secluded area and raped her, a hit for ...
Takata books another loss on airbag debacle
Takata Corp, the second largest auto safety parts supplier in the world, has announced it would incur a loss of around 45 billion yen ($440 million) in the April-June quarter ...
Report – US federal prosecutors seek criminal case on GM ignition switch scandal
General Motors, the largest US automaker, is facing increased scrutiny over the failure to address a defective part for more than a decade leading to a 2.6 million cars initial ...
GM’s forecast of profit changes positively
Amid all the news surrounding the findings of the internal review order on the conduct of the company’s 2.6 million cars recalled for a defective ignition switch, the No.1 automaker ...
GM’s latest recalls make the automaker double the charge for Q2
With four recalls over the space of a few days, and reaching so far a tally close to 15.4 million recalled cars, General Motors has also announced it’s forecasting the ...
GM’s recalls keep piling up
The NO.1 US automaker is facing a huge public relations scandal because of the late February recall of 2.6 million cars over issues with a defective ignition switch, with probes ...
GM’s first quarter profit goes down, but is higher than expected
Because of the cost of the recall of the 2.6 million cars equipped with the defective ignition switch, General Motors posted a profit decrease of 88% from the first quarter ...
Recall triggers big shares fall, big charge in Q1 for GM
Things are not looking well for General Motors, which has been widely panned for the recall over a defective ignition switch. With probes coming from NHTSA and the Congress and ...

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