Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Warren Buffett’s Berkshire Hathaway took a new 10-million share stake in automaker General Motors in the first quarter of 2012. The Buffett investment comes as the Detroit automaker continues to rebound from bankruptcy three years ago. GM reported a first quarter [...]
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Buffett takes a stake in GM
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Comments OffChrysler posts $225 million profit
admin Diane Alter – AHN News Reporter Detriot, MI, United States (AHN) – Chrysler reported a $225 million profit on Wednesday. The company capped its first profitable year since its government bailout and bankruptcy in 2009. The fourth quarter results were fueled by $15.1 billion in revenue, a 41 percent increase from the same period a [...]
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admin Diane Alter – AHN News Reporter New York, NY, United States (AHN) – General Motors reported better than expected earnings in the third quarter on Wednesday, but CEO Dan Akerson said the quarter “isn’t good enough,” a signal that more cost cutting lies ahead. GM, the U.S.’s largest automaker, earned $1.7 billion, or $1.03 a [...]
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admin Kris Alingod – AHN News Contributor Dearborn, MI, United States (AHN) – Shares of Ford dropped on Friday after the automaker reported dismal fourth-quarter earnings. Stocks dropped more than 11 percent upon news that the Dearborn-based company’s profit plunged 79 percent in the last three months. Ford said net income from October through December was [...]
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