US carmaker GM returns to profit
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General Motors posts a profit for the final three months of 2006, on cost cuts and better performance at its auto unit.
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General Motors Corp. (GM.N: Quote, Profile, Research) on Thursday led a late-day rally in auto stocks, one day after the world&#39;s largest automaker posted dismal US sales results for August and cut vehicle production.
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Ford Motor Co., the second-largest US automaker, posted a $266 million profit for the third quarter, led by its unit that makes car and truck loans.
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General Motors Corp. reported a net profit on Wednesday of $950 million for the fourth quarter of 2006 due to cost cuts, higher automotive revenues and a gain on the sale of its finance division
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Honda Motor Co (7267.T) posted a much  stronger-than-expected 38 percent rise in quarterly profit on  Wednesday, helped by sharp growth in overseas car sales, and  lifted its annual earnings forecasts as it reined in spending.
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General Motors Corp.  said on Thursday that U.S. sales rose 3.4 percent in February, driven by an increase in retail sales, but set its target for second-quarter production 5 percent lower than a year ago.
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Fourth-quarter operating profit at DaimlerChrysler rose to 1.877 billion euros ($2.45 billion) despite an operating loss at U.S. arm Chrysler, the world's fifth-biggest carmaker said on Wednesday.
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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 and a year-earlier write-off wasn&#39;t repeated.
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CarMax Inc. , the largest U.S.  retailer of used cars, on Wednesday posted a 44 percent  increase in quarterly profit and boosted its full-year profit  outlook.
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General Motors Corp.  swung to a profit with its delayed fourth-quarter results on Wednesday but fell short of Wall Street expectations as losses from its former finance unit partly offset gains from improved auto operations and cost cutting.
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General Motors Corp. GM.N posted a 7  percent drop in U.S. vehicle sales for August, and set its  fourth-quarter North American car and truck production 6.8  percent lower, the automaker said on Wednesday.
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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. 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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Goodyear Tire & Rubber Co. GT.N, the  largest U.S. tiremaker, posted a quarterly profit on Tuesday,  reversing a year-earlier loss when it took charges for cost  cuts and a legal settlement.
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations.
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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 and Fiat SpA&#39;s loss widened.
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General Motors Corp. GM.N on Tuesday  posted a marginal gain in January U.S. vehicle sales, while  Ford Motor Co. F.N reported a moderate drop, and both U.S.  automakers said they would trim production further.