Car Parts Maker Reports Big Loss in Quarter
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DETROIT, Feb. 13  â The auto parts maker Delphi said Tuesday that it lost $2 billion in the third quarter, attributing half the loss to buyout costs for 20,000 unionized workers.
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CarMax Inc , the largest U.S.  retailer of used cars, on Wednesday posted a lower quarterly  profit and cut its outlook for the year, hurt by increased  funding costs related to its auto finance unit.
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TOKYO : Scandal-hit Japanese automaker Mitsubishi Motors interim net loss nearly doubled to 146.16 billion yen (1.38 billion dollars) and is to downgrade its full-year earnings forecast.
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TONY EASTLEY: Japanese carmaker, Mitsubishi Motors, is nothing if not optimistic. In just six months, the battered company has lost more than $1.
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MG Rover will unveil pre-tax losses this week of about Â£50m as it struggles to survive in the British car market. The losses are down from Â£95m for the previous year, but sales fell to 144,000 last year, compared
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Visteon Corp. VC.N, the No. 2 U.S.  auto parts maker, on Thursday posted a wider quarterly net loss  of $1.36 billion, citing charges, and said it expects rising  material surcharges and its high cost structure to hurt results  for the rest of the year.
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Ford Motor Co.  on Thursday posted  an unexpected second-quarter loss as sales of sport utility  vehicles, its most profitable models, slumped on higher U.S.  gasoline prices and it took charges for employee buyouts.
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Daimler posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler, but analysts cheered big gains by its Mercedes-Benz Car Group.
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Quarterly losses narrowed to $59 million, or 16 cents per share, from $139 million, or 43 cents per share, a year ago. Excluding about $63 million in restructuring, transformation and integration costs, the
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The German maker of semiconductors said that a downturn at its Qimonda computer memory chip subsidiary pushed it to a loss in the first quarter as chip prices fell.
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The automaker said it lost $2.75 billion in the fourth quarter, a considerable improvement from the $12.6 billion that it lost in 2006.
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Losses eat away at Comerica's Q3 results.
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The auto parts retailer struggles through a difficult second quarter.
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Goodyear Tire & Rubber Co. , the  largest U.S. tire maker, reported a wider quarterly loss on  Friday due to a nearly three-month strike by union workers in  North America that cost the company $367 million.
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The auto parts maker reversed a year-earlier loss, supported by strength in its business outside North America and a broad restructuring.
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The company said its net loss in the fiscal third quarter ended Dec. 1 was $84.8 million, or 12 cents a share, compared with a net profit of $1.1 million.
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American Axle & Manufacturing Holdings  Inc.  posted a quarterly net loss on Friday as it took  charges for worker buyouts and idling U.S. manufacturing  capacity for parts for mid-size light trucks.