Quarterly earnings
Proton Posts RM162 Million Pre-Tax Profit
3 successive quarters of pre-tax profits
SHAH ALAM, Malaysia, 26 May 2008 – PROTON Holdings Berhad posted a third successive quarter of pre-tax profits and ended the 31 March 2008 financial year with a group pre-tax profit of RM162 million. PROTON Chairman Dato' Mohammed Azlan Hashim said the three successive quarters in the black point to better financial health for PROTON and this can be attributed to its focus on operational improvements and its perseverance, which are beginning to show positive results.
PROTON Posts RM162 Million Pre-Tax Profit
3 Successive quarters of pre-tax profits
SHAH ALAM, 26 May 2008 – PROTON Holdings Berhad posted a third successive quarter of pre-tax profits and ended the 31 March 2008 financial year with a group pre-tax profit of RM162 million.
PROTON Chairman Dato' Mohammed Azlan Hashim said the three successive quarters in the black point to better financial health for PROTON and this can be attributed to its focus on operational improvements and its perseverance, which are beginning to show positive results.
Pininfarina Group Releases 2008 First Quarter Report
The Data, In Line With The Industrial Plan, Confirm The Turnaround In The Group’s Operating Performance: EBITDA In The Black And EBIT Loss Halved Compared With The First Quarter Of 2007
Turin, Monday, May 12, 2008 – The Board of Directors of Pininfarina S.p.A., meeting today under the chairmanship of Andrea Pininfarina, approved the Report on the Group’s Operations in the First Quarter of 2008.
EBITDA represent the profit or loss from operations before depreciation, amortization and additions to provisions.
EBIT represent the profit or loss from operations.
General Motors Schedules First-Quarter 2008 Financial Results Release for April 30
2008-04-24 -- General Motors has scheduled the release of its first-quarter 2008 financial results for 7:00 a.m. EDT, April 30, 2008, via PR Newswire and GM Media Online.
GM Executive Vice President and Chief Financial Officer Ray Young will conduct a conference call at 9:30 a.m. EDT to review and discuss the company's financial results. A question-and-answer session with financial analysts and the media will follow a brief review of the results. The call is expected to last approximately 90 minutes.
The conference call will also be webcast live on GM's Investor website investor.gm.com in the Calendar/Events section. Charts will be posted in the Earnings Release section.
Ford Motor Credit Earns $24 Million in First Quarter 2008
DEARBORN, Mich., April 24, 2008 – Ford Motor Credit Company reported net income of $24 million in the first quarter of 2008, down $169 million from earnings of $193 million a year earlier. On a pre-tax basis, Ford Motor Credit earned $36 million in the first quarter, compared with $293 million in the previous year.
The decrease in earnings primarily reflected higher provision for credit losses, higher depreciation expense for leased vehicles and higher net losses related to market valuation adjustments from derivatives. These were offset partially by lower expenses primarily related to the non-recurrence of costs associated with our North American business transformation initiative and higher financing margin.
Volkswagen Posts Substantial Rise in First Quarter 2008 Profits
Wolfsburg, 23 April 2008 -- Volkswagen Aktiengesellschaft posted a substantial rise in operating profit for the first three months of the current 2008 financial year. The increase of approximately 21 percent brought operating profit to EUR 1.3 billion. “We had a very good first quarter. This shows the potential of the Volkswagen Group,” Prof. Dr. Martin Winterkorn, Chairman of the Board of Management, commented on Wednesday. “We are optimistic about achieving our targets for 2008, even if conditions remain difficult.”
Volkswagen today published an ad-hoc announcement with the key figures for the first quarter.
Interim Report January-March 2008:
- Volkswagen Group operating profit in the first quarter of 2008 up significantly year-on-year at EUR 1.3 billion
Renault Revenues Up 4.2% to €10,203 Million in First Quarter 2008
April 21, 2008 -- Renault reported revenues of €10,213 million in first-quarter 2008, up from €9,793 million for first-quarter 2007 on a consistent basis. The Automobile and Sales Financing divisions made positive contributions of 4.2% and 3.9%, respectively.
Revenues by division
Automobile revenues grew 4.2% year-on-year to €9,697 million in the first quarter on a worldwide sales increase of 6.5% in the same period, dampened by an unfavorable exchange rate that cost 2.1 points.
GM Latin America, Africa and Middle East First Quarter 2008 Sales Up 20%
Miramar, FL, 2008-04-15 - General Motors Latin America, Africa and Middle East (GM LAAM) region posted an all-time Q1 record in 2008, selling 323,400 vehicles, up 52,900 units over the same quarterly period in 2007. GM’s volume increase of 19.6 percent for the quarter outpaced the 11.7 percent industry growth rate for the region. In addition, LAAM’s market share increased to 17.9 percent for the quarter, up 1.2 share points year-over-year.
Highlights:
* Record 323,400 units in Q1 2008
* Sales up 19.6% or 52,900 units from Q1 2007
* Q1 2008 market share improves 1.2 points to 17.9%
In achieving the Q1 record sales level, GM LAAM sold an all-time March monthly high of 111,300 units. This equates to a 7.2 percent improvement year-over-year.
Proton Improves Performance with Higher Profits in 3rd Quarter
SHAH ALAM, MALAYASIA, 21 February, 2008 - PROTON Holdings Berhad continued to improve its financial performance, posting a profit before tax of RM11 million for the third quarter ended 31 December 2007.
The Group registered a profit before taxation of RM11 million for the current quarter, an improvement compared to the loss before tax of RM272 million incurred in the corresponding quarter in the last financial year. The positive return is achieved on the back of higher sales volume and lower operating costs.
Mitsubishi Motors Announces 3Q FY2007 Financial Results, Full-year Forecasts
Tokyo, February 5, 2008 — Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the first nine months of the fiscal year ending March 31, 2008 and its full-year forecasts.
[ Consolidated Summary (PDF: 1page 70KB) ]
[ Financial Statements (PDF: 12pages 65KB) ]
[ Presentation slides (PDF: 15pages 185KB) ]
1. 3Q FY2007 results
(1) Performance overview
Tata Motors Reports Net Revenue Growth, But Profits Under Pressure
31st January, 2008 -- Tata Motors today reported consolidated revenue (net of excise) of Rs.9238.48 crores for the Quarter ended December 31, 2007, an increase of 13% over Rs.8179.38 crores in the corresponding quarter of 2006-07. The consolidated Profit After Tax (PAT) was Rs.654.79 crores, compared to Rs.602.07 crores in the corresponding quarter last year, an increase of 8.8%.
3rd Quarter
Nissan Net Income Up 26.6% in Third Quarter, FY07
Nissan's Operating Profit Up 15.8% at 211.9 Billion Yen
TOKYO, February 1, 2008 /PRNewswire - FirstCall/ -- Nissan Motor Co., Ltd., today announced financial results for the third quarter of fiscal year 2007, ending March 31, 2008, as well as for the first nine months. In the third quarter, consolidated net income after tax came to 132.2 billion yen (US $1.13 billion, euro 0.81 billion), up 26.6% compared with the same period a year ago. The improvement in net income reflects the success of recent product introductions, strong sales in the General Overseas Markets (GOM) and a favorable tax position.
UQM Technologies Reports Third Quarter, Nine Month Operating Results
FREDERICK, COLORADO, JANUARY 30, 2008 -- UQM TECHNOLOGIES, INC. (AMEX: UQM), a developer of alternative energy technologies, announced today operating results for the quarter and nine months ended December 31, 2007. Continuing operations for the third quarter resulted in a loss of $1,322,849 or $0.05 per common share on total revenue of $1,714,858 versus a loss from continuing operations of $818,297 or $0.03 per common share on total revenue of $1,726,526 for the third quarter last year. Net loss for the quarter was $1,306,996 or $0.05 per common share versus a net loss of $824,019 or $0.03 per common share for the comparable quarter last year.
DENSO Corporation Announces Third Quarter Financial Results
Global Consolidated Net Sales rise 10.9 percent
Jan 31, 2008, Kariya (Japan) -DENSO Corporation today announced global financial results for the third quarter ended December 31, 2007:
• Consolidated net sales totaled 1,029.2 billion yen (US$9.0 billion), a 10.9 percent increase from the previous year.
• Consolidated operating income totaled 104.1 billion yen (US$909.6 million), a 16.9 percent increase from the previous year.
• Consolidated net income totaled 73.8 billion yen (US$644.3 million), a 19.5 percent increase from the previous year.
Honda Releases Consolidated Financial Summary for the Fiscal 3rd Quarter Ended December 31, 2007
All-time record results for fiscal 3rd quarter for consolidated revenue, operating income, income before income taxes, equity in income of affiliates, net income, and basic net income per common share
TOKYO, Japan, January 30, 2008 – Honda Motor Co., Ltd. announced that it achieved an eighth consecutive all-time record for consolidated net sales and other operating revenue (herein referred to as “revenue”) for the fiscal third quarter due to increased sales revenue in its motorcycle, automobile and financial services businesses.
ArvinMeritor Reports Q1 Fiscal Year 2008 Results
TROY, Mich., Jan. 29, 2008 — ArvinMeritor, Inc. (NYSE: ARM) today reported financial results for its first fiscal quarter ended Dec. 30, 2007.
First-Quarter Highlights
* Sales from continuing operations of $1.7 billion, up $95 million from the same period last year.
* On a GAAP basis, net loss from continuing operations of $1 million or $0.01 per diluted share, compared to net income from continuing operations of $10 million or $0.14 per diluted share in the same period last year.
* Net income from continuing operations, before special items, of $6 million, or $0.08 per diluted share, compared to $12 million, or $0.17 per diluted share, in the same period last year.
Ford Motor Company Announces 2007 Fourth Quarter, Full Year Preliminary Results
SIGNIFICANT PROGRESS ON PLAN
DEARBORN, Mich., Jan. 24, 2008 – Ford Motor Company [NYSE: F] today reported a 2007 full-year net loss of $1.35 per share, or $2.7 billion. This compares with a 2006 full-year net loss of $6.72 per share, or $12.6 billion.
Highlights:
* Full-year net loss of $2.7 billion, an improvement of $9.9 billion from 2006. Fourth-quarter net loss of $2.8 billion, an improvement of more than $2.8 billion from 2006.
* Excluding special items++, full-year pre-tax profit from continuing operations was $126 million, up $3.3 billion from a year ago. Fourth-quarter pre-tax loss was $620 million, an improvement of $1.3 billion.
PROTON Posts Profit of RM4.95 Million in Q2 2007
Focus on Operational Efficiency and Costs Management Yields Positive Results
SHAH ALAM, 30 November 2007 – PROTON Holdings has announced a profit before tax of RM4.95 million in the second quarter ended 30 September 2007.
This is a significant improvement compared with the pre-tax loss of RM240.48 million registered in the corresponding period last year. In the preceding quarter ended 30 June 2007, PROTON recorded a pre-tax loss of RM46.85 million.
The better results were registered on the back of higher revenue of RM1.31 billion from RM1.27 billion in the corresponding period last year.
Correspondingly, net profit after tax was RM3.51 million against an after tax loss of RM250.34 million previously.
Ford Motor Company Reports Third Quarter 2007 Results
Ford Continues To Make Significant Progress On Its Plan*
DEARBORN, Mich., Nov. 8, 2007 - Ford Motor Company [NYSE: F] today reported a net loss of 19 cents per share, or $380 million, for the third-quarter of 2007. This compares with a net loss of $2.79 per share, or $5.2 billion, in the third-quarter of 2006.
Highlights:
* third-quarter and year-to-date 2007 results ahead of plan.
* Significant continued improvement in core Automotive operations.
* Cash balance above year-end 2006 levels, despite restructuring.
* New vehicle quality continuing to improve.
* New products continuing to perform well.
Ford Motor Credit Earns $334 Million in Third Quarter 2007
DEARBORN, Mich., November 8, 2007 -- Ford Motor Credit Company reported net income of $334 million in the third quarter of 2007, down $118 million from earnings of $452 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $546 million in the third quarter compared with $730 million in the previous year. The decrease in earnings primarily reflected the non-recurrence of credit loss reserve reductions, higher depreciation expense for leased vehicles and higher borrowing costs.
In the third quarters of 2007 and 2006, pre-tax earnings were $341 million and $521 million, excluding the net gains related to market valuation adjustments from derivatives, which were $205 million and $209 million, respectively.

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