FORD PRESIDENT AND CEO Alan Mulally has told journalists that he expects to see the American automaker return to profitability in 2011, with the company making a gradual recovery from last year’s crippling global financial crisis.

Slow improvements in the overall condition of the world economy is expected to see Ford sales rise from 10.5-11 million [...]

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PRESSURE FROM THE Global Financial Crisis, soaring petrol prices, a consumer shift away from large cars and a number of large, one-off expenses have all conspired to hit Holden squarely in the hip pocket.

Australia’s iconic automaker recorded a $70.2 million loss for 2008, thanks in large part to a whopping $76.8 million bill for various [...]

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LAST YEAR, 2008, especially the third and fourth quarters following the pivotal failure of the Lehman Brothers Bank in the US, was a difficult time for the global car industry. Frozen financial markets, the European, Japanese and US economies in recession and collapsing consumer confidence everywhere, put a stake through the industry.

Nothing new in that [...]

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General Motors must be wondering whose headstone it has kicked over. Just when it seemed news could get no worse for the giant automaker, it gets worse.

GM is now reporting that it chewed through US$10.2 billion in the first quarter of 2009 as sales plunged, posting a US$5.98 billion loss – a net loss of [...]

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The global economic crisis is fairly ripping its way through the balance sheets of the world’s car manufacturers, with Toyota being the latest to officially recognise the carnage. The world’s largest car manufacturer has forecast its first annual loss in 71 years.

Toyota has confirmed that it expects to post a loss of 150 billion yen [...]

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If you needed proof that the financial crisis gripping the world is serious, then this is it. The Japanese press is reporting that Toyota Motor Corp is likely to further cut its earnings forecasts and possibly report an operating loss of 100 billion yen ($1 billion) for the October-March period. The world’s largest automaker is [...]

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If you thought Ford’s 3Q losses were bad, think again. General Motors has just announced its own financial performance for 3Q 2008, and the numbers are grim.

GM’s total loss for the third quarter is a whopping USD$2.5 billion; it has also managed to eat through $6.9 billion of its cash reserves during the course of [...]

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As if America’s beleaguered automakers weren’t in enough trouble. Ford has today announced a net loss of USD$129 million for the third quarter of 2008, which equates to a drop of $0.06 a share. A pre-tax operating loss of $2.7 billion for 3Q 2008 has also been announced, which is in stark contrast to [...]

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