Automakers face wide profitability gap: study
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U.S automakers face a widening gap in  profitability per vehicle compared to their major Japanese  rivals because of missed design opportunities, heavy  discounting and high labor costs, a study released on Monday  said.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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U.S. auto sales have been slipping as   domestic automakers have struggled to boost sales amid high gas   prices this year -- a trend that will continue into next year,   industry executives and analysts said.
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Honda, which sells nearly half of its vehicles in North America, posted profit of $1.87 billion and revised upward its annual profit forecast.
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The nation&#39;s two largest automakers on Wednesday reported weak November sales, but both expressed confidence that new products would help them pick up momentum.
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U.S. automakers, coming off a year of  record concessions from labor unions, should be facing 2008  with a new lease on life as they fight Asian and European  importers who now control more than half of the U.S. market.
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Auto manufacturers had a great month, with one glaring exception.
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Indian automakers are plagued by a shortage of skilled workers, inferior product quality and deficient highway infrastructure, among other challenges, according to a new study.
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Ford Motor Co., the nation's second-biggest automaker, said Thursday it swung to a profit of $104 million in the fourth quarter from a loss of $793 million a year ago, when it incurred heavy charges for restructuring in Europe and a new agreement with its top supplier hurt the bottom line.
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Another disappointing sales month at General Motors Corp. and Ford Motor Co. led the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Responding to a tough insurance industry crash test, automakers are making major strides to improve the safety of family sedans, according to new data released Sunday.
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Autozone&#39;s (AZO:NYSE - news - research) first-quarter sales and earnings were virtually unchanged from a year ago, held back by higher fuel prices that made car owners skittish.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives while Fiat SpA&#39;s loss widened.
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Ford Motor Co. expects lower earnings in 2005 because of a drop in profits at its financial services arm, which contributed heavily to 2004 results, but the nation's second-largest automaker predicts robust growth from its automotive businesses. Its shares rose nearly 2 percent.
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Toyota reported a profit of $2.8 billion for the July-September quarter, down 1 percent from $2.836 billion a year ago. The auto maker recorded group net profit of $5.
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Weakness in the manufacturing sector, especially the auto industry, may be dampening the nation's economic prospects, but the bigger services sector appears to be more than making up for it.
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Automakers faced an uphill climb in the US market in January, as weak economic conditions and consumer caution put a dent into sales, company reports showed Friday.