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GM posts $2.5 billion profit, led by North America
Thu, 04 Aug 2011General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.
Automakers rack up solid gains to finish 2010
Tue, 04 Jan 2011Fueled by holiday and year-end discounts, as well as the introduction of new models, automakers finished 2010 on a high note by posting the year's best monthly sales in December. U.S. light vehicle demand climbed 11 percent last month to 1.1 million units--the best month of the year on a unit basis.
Ford Mondeo goes green
Sun, 03 Jun 2007By Ben Barry First Official Pictures 03 June 2007 01:57 New Mondeo spearheads Ford's ramp-up of bio-fuel models Ford announced an expansion in its flexifuel range. Flexifuel allows a vehicle to run on either regular petrol or E85 – an 85/15 percent bio-ethanol/petrol blend – and automatically offsets any carbon emissions produced because more crops are always produced to meet the demand for fuel. Ford president and CEO John Fleming confirmed that the existing Focus and C-Max flexifuel cars would be joined by Mondeo, Galaxy and S-Max derivatives, which will all come on stream from early 2008.