Archive | Earnings/Financials RSS feed for this section
Lola files for bankruptcy
16. May 2012
Filed under: Motorsports , Earnings/Financials , UK , MISC Lola may not be a name recognized by the average consumer, but racing fans will know it well. The British concern has built and continues to build race cars that have spanned an enormous variety of series and disciplines since its founding in 1958, including (but not limited to) Formula One , Le Mans , CART and just about every formula feeder series you could think of, including Formula Two, Formula 3, Formula 3000, Formula 5000 and A1GP . Now, unfortunately, the company is filing for bankruptcy protection
Continue reading...A123 Systems posts $125 million net loss
14. May 2012
Filed under: Technology , Earnings/Financials , Electric The Detroit News reports lithium-ion battery manufacturer A123 Systems is set to post a net loss of $125 million on revenue of $10.9 million for the first quarter of 2012. Official results will be released later this week.
Continue reading...Auto sales credited with half of U.S. economic growth
14. May 2012
Filed under: Car Buying , Plants/Manufacturing , Earnings/Financials The auto industry has long been a cyclical business, and though this last trough was a deep one, the coming boom has economists excited. According to Bloomberg , the auto industry's comeback contributed fully half of the 2.2 percent national economic growth in the first quarter of this year
Continue reading...Montezemolo confirms new Ferrari Enzo hybrid by year’s end
11. May 2012
Comments Off
Filed under: Coupe , Hybrid , Performance , Earnings/Financials , Ferrari Business has been good for Ferrari . Thanks in no small part to expanding its activities in developing markets, the racing team turned automaker raked in 556 million euros in revenues to generate 42.1 million euros in profit in the first quarter of this year alone - an increase of 13.2 and 17.2 percent, respectively. Those figures are driven by increased sales that amounted to 1,733 units produced and delivered in the first quarter out of an exciting model range that includes the 458 Italia and Spider , the recently revised California , the innovative FF and the brand-new F12 Berlinetta .
Continue reading...
16. May 2012
0 Comments