• Apr 24, 2014

    GM Profit Report Further Clouds Spotlight on CEO Mary Barra

    The chief executive caps her first 100 days on the job by reporting a razor-thin profit of $125 million, down 86% from year-ago, and bruised by the recall of 7 million vehicles....More
  • Newswire

    UPDATE 1-GM posts lower profit after recall; truck pricing strong  

    (Adds CFO comments, details) By Ben Klayman and Bernie Woodall DETROIT, April 24 (Reuters) - General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America....More
  • Newswire

    Delphi Beats Profit Forecast, Hikes Full-Year Earnings Outlook  

    The supplier's higher-than-expected quarterly profit comes against the backdrop of its role as the supplier of faulty ignition switches at the center of the General Motors recall controversy....More
  • Newswire

    Mitsubishi Hoping Thai Recovery Builds on Record Profit  

    The automaker nearly doubled its operating profit for the year ended March 31 despite a 40% sales slide in Thailand, where the market has retreated amid political turmoil and the end of a government subsidy program....More
  • Newswire

    Hyundai CFO Expects Profit Margin to Top Q2 Result  

    The automaker's chief financial officer expects the upcoming U.S. launches of refreshed Genesis and Sonata sedans to improve on a nearly flat first-quarter net profit....More
  • Newswire

    Auto-Parts Sales Push JCI Profit Above Estimates  

    Although the company has been scaling back its reliance on automotive business, higher vehicle production in key markets led to an 11% quarterly increase in sales by its auto unit....More
  • Newswire

    UPDATE 3-GM seeks U.S. court protection against ignition lawsuits  

    (Adds judge's order of conference date) April 22 (Reuters) - General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction. Plaintiffs suing the company also filed a proposed class action lawsuit in Manhattan bankruptcy court on Monday, seeking an order declaring that GM cannot use the bankruptcy protection to absolve itself from liabilities....More
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