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GM’s losses in Europe doubled in 2012


General Motors' lossed doubled in Europe last year, shrinking the automaker's third-consecutive annual profit. GM's net income was $4.86 billion last year, down from a record $7.59 billion in 2011. Operating income in 2012, before any one-time items, was $7.86 billion, down from $8.30 billion in 2011. In Europe, losses for the entire 2012 doubled to $1.8 billion from $747 million in ...
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Mitsubishi Motors reports strong profit growth for April – December 2012
Mitsubishi Motors Corporation has posted a net profit up 27 percent for the nine months to December, due to higher sales in Asia and cost cuts. Mitsubishi Motors Corporation (MMC) posted ...
Toyota Reports Results for April-September Period
Today, November 5th, Toyota reported results for the April-September period. During the first half of the fiscal year net revenues totaled 10.9 trillion yen, up 36.1% compared with the same period ...
Renault reports sharp decline, profit down 39%
French carmaker Renault said its profit fell 39 percent in the first half of the year as new car sales in Europe fell more than expected. The company said that it ...
Faurecia Expects Lower Operating Income
Today, July 24th, French auto parts maker Faurecia reported 119 million euro ($98 million) negative cash flow in the first six months of 2012 due to more than a half ...
Michelin net profit up, raises target for 2015
Michelin (MICP.PA), the world's second-largest tiremaker, Friday said operating profit rose 14.7% to EUR1.94 billion from EUR1.70 billion in 2011. The French giant said sales volumes rose 6.7% thanks to ...
TRW 3Q earnings down 20 percent
TRW Automotive Holdings Corp. today reported third quarter 2011 financial results with sales of $3.9 billion, an increase of 14 percent compared to the same period of 2010. However, the ...
Mazda: $512 Million Loss In Second Half
Mazda Motor Corp. stated that the company registered a $512 million loss during first half of its 2012 fiscal year, compared with the $7 million profit registered in ...
Scion may build cars in the U.S.
AutoObserver reports that Toyota Motor Corp, still consider to build Scion cars in North America – most likely the U.S. Every yen advance against the U.S. dollar cuts Toyota’s operating income ...
Volvo’s announces 36 percent higher profit versus last year, for Q3
Swedish automaker Volvo, the world's second-largest truck maker, reported Tuesday a higher than last year third-quarter profit, reflecting a 15 percent growth in sales and forecast a shrinking market in ...

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