Cranky Driver

Trying to Make the Driving World a Little Less Annoying

Tag: Profit

GM Posts First Profits in 3 Years

DETROIT — GM posted a profit of $865 million in the first quarter, its first quarterly profits since 2007, and then promptly lost the money gambling at the Motor City casino near downtown Detroit.

Read More

Exxon Reports Highest US Corporate Profits

IRVING — ExxonMobil, the Irving, Texas-based company, posted the largest corporate profits in U.S. history. Its earnings of $39.5 billion for 2006 on revenues of $377.6 billion exceed the previous record of $36.13 billion in 2005, also posted by ExxonMobil.

Read More

Ford Loses $12.6 Billion in 2006

“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”
—Henry Ford

DEARBORN — Ford announced recently that it had losses of $12.7 billion for 2006, its largest loss in history (although still far below GM’s 1992 losses of $23.5 billion).

Read More

Powered by WordPress & Theme by Anders Norén