General Motors has announced first quarter results ahead of analysts' expectations with net income of US$3.2bn, or $1.77 per share, the post-Chapter 11 automaker's fifth consecutive profitable quarter. Revenue increased $4.7bn to $36.2bn, compared with the first quarter of 2010. Earnings before interest and tax (EBIT) were $3.5bn. EBIT adjusted to exclude special items was $2.0bn compared with $1.7bn in the first quarter of 2010.
Auto parts supplier Visteon Corp., which emerged from bankruptcy last year, today reported a lower quarterly profit and raised its full-year outlook due to rising vehicle production around the world. The one-time parts unit of Ford Motor Co.
GM posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy.
General Motors today posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy. Stripping out one-time charges and gains, including $1.
Saab's hopes of re-starting production next week appear to be coming up against the bureaucratic wall of the European Investment Bank (EIB).
General Motors is expected to report first quarter operating earnings more than double a year earlier, driven by recovery in the US and strong sales in Asia.
The Easter and Anzac Day long weekend helped to restrain new car sales in April, official Australian auto industry data showed.
Easter, school holidays and new vehicle supply constraints all contributed to a slow-down in new passenger car sales in New Zealand during April.
Perodua, Malaysia's second national car company, plans to begin construction of a new electronic automatic transmission (EAT) plant in Malaysia in the fourth quarter of 2011.
The restructuring of Thailand's automotive excise taxes in favour of an emissions-based system has been delayed further following disagreements between the various ministries.
The Mercedes-Benz SLS AMG was instantly captivating for its looks and soaring gullwing doors. Now comes the roadster variant, which
The Mercedes-Benz SLS AMG was instantly captivating for its looks and soaring gullwing doors. Now comes the roadster variant, which
Germany's cabinet plans to reduce taxes on electric cars used for business and purchase thousands of EVs to boost the electric auto sector, according to a newspaper report.
Continental said rising rubber prices will dent earnings as it posted a 62 percent rise in quarterly net profit on the back of surging emerging markets demand.
Continental said rising rubber prices will dent earnings as it posted a 62 percent rise in quarterly net profit on the back of surging emerging markets demand.
New pictures of Mercedes' SLS Roadster show drop-top supercar in clearest detail yet
Canadian supplier Magna International Inc. today reported a better-than-expected 44 percent jump in first-quarter profit. Magna, the world's No.
Auto123.com got in touch with Craig Pollock, the former director of the British American Racing team and now the man behind the PURE F1 private engine project.
The surprise Daytona 500 winner, Trevor Bayne, was released from the Mayo Clinic, in Rochester, Minnesota, after almost one week of testing and evaluation.
As distractions behind the wheel become a major concern around the world, automakers are joining forces to encourage drivers to use their good judgement and stop talking on their cellphone while driving.
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