NYSE Puts GM Stock Trading On Hold While Awaiting 3Q Announcement

General Motors has halted trading in advance of the big third-quarter announcement we've been waiting for. This isn't catastrophic news, but it underlines the fact that the announcement (which was supposed to made a few minutes ago) is going to be bad. Really bad. It's raining in Detroit right now and CNBC's Phil… » 11/07/08 11:20am 11/07/08 11:20am

GM Reports Second Quarter Net Loss Of $15.5 Billion

As expected, GM just reported a net loss of $15.5 billion (an astounding $27.33 per share) and an adjusted net loss of $6.3 billion ($11.21 per share) after charges of $9.1 billion in non-cash "special" one-time items for the second quarter of 2008. Second quarter liquidity of $21 billion, plus a credit line of an… » 8/01/08 7:24am 8/01/08 7:24am

Official Car Pundit Drinking Game: Fonda Ain't Got A Hybrid In The Back Of Her Honda

Time to belly up to the bar yet again for the only Official Car Pundit Drinking Game as the boss-man's been asked to spend a few minutes on CNBC to talk about Honda's earningsgasm. He'll be answering a question similar to what we asked you today in the Question of the Day — is Honda's small car strategy the right… » 7/25/08 12:30pm 7/25/08 12:30pm

Ford Only Loses $380 Million, Happy Days Are Here Again

This time last year we were telling you about how Ford lost a whopping $5.7 billion in the third quarter of 2006. We've got good news: Ford only lost $380 million in the third quarter of 2007. Mission Accomplished! Break out the fizzy wine and caviar! Revenue was up to $41.1 billion for the quarter, compared to just… » 11/08/07 1:45pm 11/08/07 1:45pm

GM Reports $39 Billion One-Time Net Loss For Third Quarter, $1.6 Billion Adjusted Net Loss

GM reported last night a $39 billion (yes, that's "billion" with a "b") loss or $68.85 per diluted share, for the third quarter of 2007, compared with a reported net loss of $147 million, or $.26 per diluted share, in the year-ago quarter. The majority of that number was due to special charges of $37.4 billion related… » 11/07/07 7:18am 11/07/07 7:18am

Ford Loses Less Money Than Otherwise Could Have!

Ford reported today that sales this October were only 9.5% lower than sales last October, which is actually not as bad as some thought it could have been. For the month Ford sold 195,462 vehicles, with a 0.9% increase in truck models (which include crossovers), but a 26% decrease in car sales. High on this list of… » 11/01/07 3:00pm 11/01/07 3:00pm