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GM targets investment grade credit rating this year, CEO says


GM aims to achieve an investment grade credit rating this year and to have all five of its business units post profits or break-even by 2015, CEO Dan Akerson said. The executive said on Wednesday that he wants GM's margins to be among the industry's best by roughly 2015, when the company expects to break-even in Europe, where is sells cars ...
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BMW CFO admits profits may drop in 2013
BMW does not rule out that its profits may decline next year, the company's CFO said. BMW's chief financial officer, Friedrich Eichiner, said the world's largest premium carmaker aims to increase ...
Nissan Blames the Strong Yen and Costly Incentives For Its Low Profit
Nissan reported quarterly operating profit down 19.7% due to strong yen and expensive sales incentives. The company hoped to reach its full-year operating profit target of 700 billion yen, hoping that ...
Mahindra & Mahindra Q4 Net Profit Up 44%
Mahindra & Mahindra declared fourth quarter net profit up 44%, buoyed by a fall in tax expenses and a one-time tax gain. Mahindra & Mahindra, India’s most important sport-utility vehicle maker, ...
Fiat Back on Track in the U.S. Market
February 2012 was Fiat’s best month in the U.S., a sign that the company gets back on the right track, a year after the troubled re-launch in the U.S. Last month ...
Fiat Downgraded by S&P
Fiat group was threatened by the Standard & Poor's ratings agency to be downgraded due to the company’s low sales in Brazil and Europe, and also for its over-reliance on ...
10% Profit Margin for GM Over the Next Years
General Motors expects the following years to bring a 10% raise in profit margin, up from the actual 6% margin. If the company manages to achieve this 10% goal, it will ...
Fiat posts more than double Q4 profit thanks to Chrysler gains
Fiat posted a strong profit for the fourth quarter of 2011, boosted by growth at Chrysler Group, the U.S. automaker which is owned 58.5 percent by the Italian company. Fiat's earnings ...
Thai floods damaged Ford’s 2011 profits
Ford Motor Company said floods in Thailand prevented its Asia Pacific and Africa sales region from making profit in 2011. Ford had set the goal to be profitable in all ...
Audi will sponsor the 2011 Emmy Awards
The German-based car manufacturer Audi will sponsor this year’s Emmy Awards to highlight its premium vogue. Besides participating in the events associated with the Emmy Awards, the Audi Group will also ...

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