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Earnings
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Ghosn sees more tough times in Europe; record global sales for Nissan
news conference at Nissan's headquarters in Yokohama, following the release of the Japanese carmaker's fourth-quarter earnings . "We think the European consumer lacks confidence. The European consumer is confused, he doesn't know when Europe is
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Nissan Q4 profit jumps 46%
posted a 46.1 percent rise in its quarterly net profit, as the weakening yen helps Japanese carmakers repatriate overseas earnings at a more favorable rate than previously. Between January and March, Japan's second-biggest automaker by sales volume
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Tesla Model S wins high praise from Consumer Reports
expects to sell 21,000 Model S sedans this year. Tesla stock is trading at all-time highs and, after the release of the earnings report, surged 24 percent to $69 a share in after-hours trading on Wednesday night. Consumer Reports said the Model S
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Ferrari will reduce supercar sales to maintain brand exclusivity
holding back on their availability. Ferrari sold 7,318 cars in 2012. The brand's first-quarter trading profit, or earnings before interest, taxes and one-time items, surged 43 percent to 80 million euros, helped by higher sales and contributions
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Subaru to invest $400 million to build Impreza at Indiana plant
000 today, Yasuyuki Yoshinaga, president of Subaru parent Fuji Heavy Industries, said today at the company's quarterly earnings announcement. Automotive News reported the Impreza plans on Tuesday. The factory now has two lines, one dedicated to Subaru
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Toyota quarterly profit rises to $3.17 billion
weaker yen will last," said Yuuki Sakurai, president of Tokyo-based Fukoku Capital Management. "So it's difficult to take for granted that earnings will rise in the coming years." Reuters and Bloomberg contributed to this report
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Toyota quarterly profit rises to $3.17 billion
weaker yen will last," said Yuuki Sakurai, president of Tokyo-based Fukoku Capital Management. "So it's difficult to take for granted that earnings will rise in the coming years." Reuters and Bloomberg contributed to this report
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Publics: Flat fees likely but no threat
publicly traded new-car groups said about dealer reserve and flat fees during conference calls reporting first-quarter earnings as well as in follow-up interviews. Asbury Automotive Group has "very hard caps" on rate, COO Michael Kearney said
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GM to discuss labor woes with S. Korea president, union rep says
s biggest automaker has its own labor woes, with workers having refused to work weekends since March, hurting sales and earnings in the latest quarter. Choi said Akerson's previous comments on a potential shift of production was an empty threat to tame
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U.S. Treasury plans to sell remaining GM stake
percent. Last week, GM came within 56 cents of its IPO price of $33 after it reported better-than-expected first-quarter earnings . "We are pleased with the progress to date and will continue exiting this investment in accordance with our previously announced
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Costly launches trim Chrysler's 1st-qtr. profit
in the first three months. That compares with a loss of $13.1 million in the first quarter of 2012. Trading profit is earnings before interest, taxes and one-time items. Revenue dropped 1.5 percent to $11.14 billion in the quarter, excluding
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Pickup preparations squeeze GM's profit
Akerson credited cost cuts and new models in Europe for the improvement, which came as sales there continued to soften. Global earnings before interest and taxes and excluding one-time items, the figure that GM considers the best measure of its results, fell
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American Axle Q1 earnings fall on debt refinance, program costs
Auto parts maker American Axle and Manufacturing Holdings Inc. said net income fell 86 percent in the first quarter, citing debt refinancing and high costs for new-vehicle launches. Net income in the first quarter declined to $7.3 million , compared with $51.2 million in the same quarter a year ...
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Continental sticks to 2013 targets on raw material cost drop
euros ($44.4 billion), and adjusted earnings before interest and taxes will amount ..... second-largest partsmaker has sustained earnings with a focus on supplying high-end ..... synthetic rubber will continue to help earnings in the second half of the year, said
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Audi's new Mexico SUV plant aimed at unseating BMW
for VW Group. This year, Audi is forecast to generate 5 billion euros, or 42 percent, of the parent company's operating earnings as an aging model lineup and spending on expansion cut into margins, UBS predicts. Accidental acceleration "Audi's winning
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High-Speed GM Growth? (5/2/13)
You could hear the enthusiasm. In the voice of General Motors boss Dan Akerson. During the auto maker's first quarter earnings conference call this morning. Akerson the former Telecom exact spoke at length about GM's plan. To most 2015 models in
of General Motors boss Dan Akerson. During the auto maker's first quarter earnings conference call this morning. Akerson the former Telecom exact spoke at length about GM's plan. To -- most 2015 models in the -
Group 1 operating income rises on higher new-vehicle sales
quarter operating results, including significant revenue growth and solid expense leverage that delivered record first-quarter earnings ," CEO Earl Hesterberg said in a prepared statement . "This is an exciting time for our company -- an unprecedented growth
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April Winners, Losers (5/2/13)
Million dollars from the bottom line. Revenue slipped 2%. That CEO saying. is not doing solid start. Read more about GM's earnings here at news.com. GM is freaked me a part of its history. In a video interview posted on the new website online dot com
saying. -- -- is not doing solid start. Read more about GM's earnings here at -- news.com. GM is freaked me a part of its history. In a video interview posted on the new website -
GM's Europe loss narrows; overall Q1 profit drops 14%
government-led bankruptcy in mid-2009. The results included one-time costs that shaved $170 million from GM's net profit. Earnings before interest and taxes and excluding one-time items, the figure that GM considers the best measure of its results, fell
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GM's Q1 net falls 14% on N.A. decline
quarter net profit dropped 14 percent, to $865 million, as earnings in North America slipped and losses in Europe narrowed. GM ..... time costs that shaved $170 million from GM's net profit. Earnings before interest and taxes and excluding one-time items