GM surprises with operating profit
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General Motors Corp.  on  Wednesday posted a larger-than-expected quarterly operating  profit as it slashed costs in North America and raised its  cost-cutting target by $1 billion, sending its shares up 5  percent.
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The automaker predicts better profits in 2005.
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General Electric Co.  posted a 9.6 percent rise in quarterly profit Friday on good results in its commercial finance business and strong demand for products ranging from jet engines to gas turbines.
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General Motors Corp.  on Thursday posted slightly stronger quarterly earnings, but the results were at the low end of its own forecast and the company cut its earnings outlook for the year due to slower growth in Asia-Pacific and mounting losses in Europe.
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DETROIT -- General Motors Corp. reported Wednesday it earned $950 million for the last three months of 2006, its first quarterly profit in two years.
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General Motors Corp. reported third-quarter earnings Thursday that were at the low end of the company&#39;s July guidance. Quarterly earnings rose to $440 million, or 78 cents per share, from $425 million, or 79 cents per share, a year ago.
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General Electric Co.  posted a 9.6  percent rise in quarterly profit Friday on good results in its  commercial finance business and strong demand for products  ranging from jet engines to gas turbines.
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Ford Motor Co. F.N on Thursday  reported a quarterly profit, reversing a year-earlier loss, as  earnings from its finance arm carried the money-losing  automaking operations.
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DaimlerChrysler&#39;s third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at US arm Chrysler helped offset weaker earnings at premium automaker Mercedes.
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Ford Motor Co. swung to a third-quarter profit, but losses at the automakerâs global automotive operations widened, underscoring the difficulty Ford still faces
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DaimlerChrysler&#39;s (DCXGn.DE: Quote, Profile, Research) third-quarter operating profit rose 7 percent, just below analyst expectations, as
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General Electric Co , viewed as a bellwether of the U.S. economy, posted a 4 percent rise in net profit on Friday, matching Wall Street expectations, on strong demand for heavy equipment such as jet engines and electricity-producing turbines.
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General Electric brought a strong economy to life yesterday. The nation&#39;s largest company, which by its presence in such a variety of businesses is considered a proxy for the broad economy, reported profit rose 11% to $4.
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Here's how hard it is to navigate today's fickle auto industry: Last year, General Motors Corp. managed to preserve profit in North America, but its market share tumbled. At the same time, GM's share of the European market rose to a five-year high, but the company lost a huge amount of money there.
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DETROIT: General Motors Corp posted on Thursday disappointing quarterly earnings and cut its 2004 profit forecast due to mounting losses in Europe and slowing growth in China, sending its shares down 5%.
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General Motors Corp., aided by a late-month clearance sale on 2004 models, said Friday its new vehicle business rose a surprising 20 percent in September, which appeared to help push up overall industry results despite bad weather
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Magna International, the Canadian auto parts maker, said that fourth-quarter profit fell 65 percent because of lower profit margins and one-time charges. It cut its quarterly dividend to increase cash on hand. Net income was $29 million, or 26 cents a share, down from $83 million, or 75 cents a share, a year earlier, Magna said. Sales rose 8.7 percent, to $6.4 billion. The company, cut its quarterly divided in half, to 19 cents a share, adding $84 million in cash to the $1.9 billion the company had on hand at the end of 2006. Excluding one-time items, Magna earned 99 cents a share, missing the $1.16 a share that was expected by Wall Street analysts.