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Browse profit articles

GM trying to move past recalls, posts high third-quarter profit


The No. 1 US automaker reported yesterday its financial situation following the July to September quarter, where growing demand for its North American models, especially pickups, has driven up the income. General Motors managed yesterday to report higher-than-expected profit, with GM Chief Financial Officer Chuck Stevens saying that “high transaction prices - the new trucks and SUVs are more profitable than ...
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More profit articles

Daimler third-quarter profit soars on Mercedes-Benz sales growth
Daimler AG, the parent company of the world’s third-biggest premium automaker – Mercedes-Benz – has reported rising profit for the July-September period, surpassing analysts' forecasts. A statement released by the Stuttgart, ...
PSA Peugeot Citroen reports surprisingly strong third-quarter earnings
The French company, the second largest automaker in Europe, has unveiled an unexpected third-quarter revenue growth, buoyed by continued increases in Europe and China that compensated Latin America and Russian ...
Hyundai Motor shares take a dive on profit concerns
South Korea’s biggest carmaker, Hyundai Motor, has seen its shares in a steep dive ever since announcing a record $10 billion deal to acquire a prized land plot in Seoul’s ...
VW aims for long-term profits
The German automaker has managed to overcome General Motors last year to snatch the second place among global automakers. But that’s not all, because besides the stride to become the ...
Aston Martin tones down 2013 loss
The luxury British sportscar maker Aston Martin, best known for the models that became trusty James Bond companions, has announced its pretax loss for 2013 went down by a third. The ...
Opel still on target to achieve profit goal
General Motors has been losing money for years with its Opel/Vauxhall unit, but finally the division’s CEO, Karl-Thomas Neumann has high hopes the company would finally hit its target and ...
Ford cuts the profit forecast for 2014-2015
The second largest US automaker announced during an investor meeting yesterday that its predictions for the pretax profit in 2014 has been trimmed to $6 billion, lower than the previously ...
Russia: AvtoVAZ mulls return to profit amid slumping market
Russia’s largest automaker, now under the control of the Renault-Nissan alliance, has vowed to return to profit through cost cutting measures and the introduction of new models to regain critical ...
China: Geely’s first half profit dips 20%
Geely Automobile Holdings Ltd, one of the major domestic carmakers in China, announced its six months profit dropped 20%, disrupted by a sales slump at home as major foreign brands ...

latest automotive news
Administrator becomes Caterham team boss
Oct.24 (GMM/Inautonews.com) The Caterham saga took another bizarre twist on Friday as an administrator became the new team principal. With ...
[VIDEO] McLaren P1 MSO spotted on the Fiorano
A McLaren P1 customized by MSO has been recently spotted lapping Ferrari’s famous Fiorano track. If you though that vehicles which ...
Ford Focus Electric gets price cut in the U.S.
The Ford Focus Electric has received a new price cut in the United States because of poor demand. While its main ...
Test Drive: Dacia Sandero Stepway 1.5 90 HP
If you live in Europe, you don’t need an introduction to Dacia anymore – this is the affordable Renault subsidiary ...
[VIDEO] Mercedes-Benz GLC63 AMG prototype caught on the open road
A prototype version of the upcoming Mercedes-Benz GLC63 AMG has been recently caught on camera while it was being tested ...
[VIDEO] See the world’s fastest Toyota Supra in action
The world’s fastest Toyota Supra has been recently spotted in action on a drag strip where it managed to shatter ...
Mercedes-Benz S600 Pullmann spied
Our spy photographers have managed to capture the upcoming Mercedes-Benz S600 Pullmann on camera while it was being tested out ...
BMW i8 costs more than $200,000 on eBay
The price of a BMW i8 stands at a whopping 200,000 USD on eBay as we recently found out doing ...
Mercedes-Benz GLA45 AMG announced for Australia
Mercedes-Benz will be launching the GLA45 AMG performance crossover in Australia where the model in question will be priced from ...
Recall roundup: 850,000 units of the Audi A4
The German based automaker Audi has recently announced a recall for a massive 850,000 units of the A4, because of ...
Ferrari LaFerrari for sale
Another unit of the impressive Ferrari LaFerrari is currently looking for a new owner who will have to pay no ...
Ferrari F50 gets crashed in the UK
A Ferrari F50 supercar has been recently involved in a heavy crash in the United Kingdom after its driver lost ...
BMW M2 Cabrio coming in 2016
The BMW M2 Cabrio will be introduced in a couple of years according to a recent report. Rumors on the anticipated ...
BMW X5 Concept eDrive gets spotted in Paris
The brand new BMW X5 Concept eDrive has been recently spotted out in Paris while cruising the streets. After being officially ...
Porsche Macan Turbo gets updated by TechArt
The aftermarket specialists from TechArt have officially introduced a new tuning package aimed for the Porsche Macan, this time in ...
Citroen C4 Cactus high demand boosts production
The high demand for the Citroen C4 Cactus means that the French based automaker will increase production for the funky ...
FCA gets an interesting investor: CEO Sergio Marchionne
Following the well known saying “Put your money where your mouth is,” Marchionne, chief executive of recently merged Fiat Chrysler ...
[VIDEO] BMW X5 M and X6 M teased
The German based automaker BMW has released the first teaser video with the upcoming X5 M and X6 M, which ...