Category: Earninings/Financials

Filed under: Ford, Earnings/Financials

Ford announced its third quarter earnings today, and while there were losses pretty much across the board, they were smaller than the year before and gains were made in many key areas. For instance, while the company’s net loss for Q3 was $380 million, that’s a big improvement from the $5.2 billion […]

Filed under: GM, Earnings/Financials
GM’s announcement of a $38.6 billion loss yesterday generated quite a bit of shock and many questions. The explanation of “accounting adjustments” didn’t sit well with those of us who don’t study tax laws for a living, so we decided to pull out our Rolodex and call up someone who could give […]

Filed under: Toyota, Earnings/Financials
Whenever we talk about GM’s performance in the global market, people invariably want to hear about how well Toyota is doing in the same arena. The Japanese automaker has been nipping at the General’s heels in terms of the number of units each automaker has sold globally so far this year. Earlier […]

Filed under: Ford, Earnings/Financials

Ford’s CEO Alan Mulally admitted in an interview with Automotive News that the Blue Oval’s future is uncertain and that, after 14 months on the job, he is still unsure about when the company will turn the corner. With all of Ford’s assets - right up to the automaker’s shiny logo - […]

Filed under: GM, Earnings/Financials
General Motors announced its third quarter earnings today and surprised Wall Street by revealing a $38.6 billion charge on the books that represents a change in tax accounting required by the Financial Accounting Standards Board’s Statement of Financial Accounting Standards. That huge number represents tax credits the automaker can’t account for until […]