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Chrysler will turn a profit this year, board member James Blanchard predicts

The former Michigan governor and U.S. congressman said he never thought the automaker would require a second federal rescue after he helped save it from extinction in 1979. View full post on All Stories

Nissan Shares Rise After Fourth-Quarter Profit Beats Estimates

Nissan Motor Co., Japan’s second- biggest carmaker, rose the most in two months in Tokyo trading after posting fourth-quarter profit that beat analyst estimates, even after the nation’s record earthquake curtailed production. View full post on All Stories

After Quake, Toyota’s Profit Plummets 77%

The carmaker, whose operations have been severely disrupted since the earthquake and tsunami in Japan, said that it expects production to begin recovering sooner than forecast. View full post on All Stories

Daimler AG earns up strongly in first quarter, Mercedes rolls on in China

FRANKFURT – Automaker Daimler AG says it nearly doubled net profit in the first quarter as its luxury Mercedes brand kept up its strong sales performance in China. Earnings reached €1.18 … View full post on All Stories

VW Posts Record Profit on China Audi Demand

April 27 (Bloomberg) — Volkswagen AG, Europe’s biggest automaker, reported record operating profit in the first quarter as the Audi and VW brands attracted more Chinese … View full post on All Stories

Ford Says $2.55 Billion First-Quarter Profit May Be Year’s Best

Ford Motor Co., the second-largest U.S. automaker, said it may not top its $2.55 billion first- quarter profit this year as costs increase. View full post on All Stories

China’s SAIC net profit more than doubles to US$2.1 billion

SHANGHAI–SAIC Motor, China’s largest automaker by sales, said net profit more than doubled in 2010 on robust sales growth but warned earnings would likely grow at a slower pace this … View full post on All Stories

Toyota Said to Focus on Emerging Markets Growth in 10-Year Plan

Toyota Motor Corp., which traditionally gets a majority of its profit in the U.S., will outline a strategy for growth in emerging markets in a 10-year plan the Japanese automaker is set to release this week, two people familiar with the plan said. View full post on All Stories

Despite Posting Losses, Chrysler Says It Will End 2011 With a Profit

The carmaker lost $199 million in the fourth quarter and had a loss for 2010, but it pledged to return to profitability on the strength of new products. View full post on All Stories

CHINA: SAIC net up over 100%

China’s top automaker, and VW and GM partner, SAIC Motor has said its net profit for 2010 rose more than 100% on strong car sales. View full post on All Stories