Ford posts US$100 million first quarter profit

Ford posts US$100 million first quarter profit

Ford have reported a 2008 first quarter net income of $100 million, an improvement of $382 million from the same quarter last year – a sign that their downsizing strategy is starting to pay dividends.

Ford’s first quarter revenue was (excluding special items) $39.4 billion, down from $43 billion a year ago. When the 2007 [...]

Holden fires up Pontiac G8 production

Holden fires up Pontiac G8 production

Its been a long time coming and US based Pontiac fans are probably getting quite impatient by now, but finally we can report that GM Holden have fired up production of their VE Commodore based Pontiac G8 at their Elizabeth manufacturing plant in Adelaide. The good news for Holden is that the mix of vehicles [...]

2008 BMW X5 3.0sd twin-turbo diesel

2008 BMW X5 3.0sd twin-turbo diesel

BMW Australia have announced the pricing and specifications for their new twin-turbo powered X5 3.0sd’s. There will only be one highly-specified model variant of the X5 3.0sd available in Australia with a Sport package being optionally available.

All the information points the new Diesel X5 3.0sd being a ripper. With 200 kW of power [...]

Kia Pro-cee’d three door hatch to debut in Frankfurt

Kia Pro-cee’d three door hatch to debut in Frankfurt

Yet another Frankfurt International Motor Show debutant has been announced. Kia Motors Corporation released an official preview image of their new Pro-cee’d three door hatch in late July and confirmed that the sporty new hatch will make its world premier in Frankfurt.

Based closely on the pro_cee’d concept seen at the Paris Motor Show in 2006, [...]

Ford Australia posts loss of $40.3 million

Ford Australia posts loss of $40.3 million

Ford Australia has just reported an after-tax loss of $40.3 million for the 2006 calendar year. This represents a significant profit down-turn on recent years. In 2004 Ford posted a $192.3 million profit which dropped to a still respectable $148.2 million for 2005.

Ford Australia have attributed the loss to its significant investment in the next-generation [...]

Toyota Australia record production

Toyota Australia record production

The sun is certainly shining brightly on anything that wears the Toyota badge at the moment. Bland styling is obviously in vogue and white must be the new black as sales of some of the most boring cars on the market continue to power along. No doubt their sales are driven by the fact that [...]

2008 Ford Falcon Orion

2008 Ford Falcon Orion

Fords new 2008 Falcon (codenamed Orion) is not due to hit showrooms until ‘sometime’ in the first half of 2008. It won’t come soon enough for Ford whose monthly sales of Falcon have dropped from 4500-5000 units per month down to around 3000 units per month.

Ford has been backed into a corner by the all [...]

Toyota world no.1

Toyota world no.1

Toyota overtakes GM as worlds largest car maker
In the first quarter of 2007 the massive maker of automotive ‘white goods’ produced 2.35 million cars exceeding GM by 90,000 units.

Toyota have achieved this by being fixated on quality and believing that if their product is the best quality available for the price then the sales will [...]

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