It looks like Joe Isuzu found a way to make lots of money. All they had to do was stop building and selling cars. God Save The Impulse RS!
Chrysler Posts 4th Quarter Loss
Ford Posts $1.69 Billion Quarterly Profit
Ford Posts Profit, Mulally Does The Happy Dance
Ford said today it earned a profit of $2.7 billion in 2009, a stunning improvement over its historic, $14.7 billion loss in 2008. It's the company's first full-year profit since 2005. But, they're not out of the woods yet.
Ford Share Price Down 10%, Could Double Soon! Wait, What?
In a bulletin typical of the Russian-nesting-dolls-style news stories that so often seem to come out of Detroit, Reuters is reporting Barron's will soon report Ford per-share earnings "could" double next year to a buck and 44 cents. It would seem possible happy days are possibly here again...umm, possibly?
Chance! GM Announces Quarterly Dividend
General Motors Corp announced today a dividend of two-bits per share for GM common stock. So if you're the holder of record as of November 16, 2007 you can cash in on December 10, 2007. So if you have 20 shares of GM common stock you'll have $5.00 in cold, hard and devalued American dollars. This dividend is unchanged…
Mercedes second quarter profits surge to $1.65 billion. No second quarter results announced for Chrysler because of the impending sale. That's probably a good thing wethinks. [Forbes]
Porsche's "Geyser 'o Cash" Continues Unabated
At current rates of return, Porsche will own the auto industry by 2112 — just in time for President Geddy Lee's Cryogenically Frozen Head to rename Detroit "Stuttgart West." Led by strong sales of the 911 range, though bolstered by excellent showings from the new Cayman and Boxster, Porsche's after-tax profits hit $1.85 …
