WOW!!!

General Motors' 4th-Quarter Net Income Rises Fourfold
By Joe Miller Bloomberg

Detroit, Jan. 16 (Bloomberg) -- General Motors Corp.'s quarterly profit rose fourfold to $1.02 billion, as the world's largest automaker won market share in the U.S by selling more Hummer H2 sport-utilities and Chevrolet Cavaliers.

Fourth-quarter net income was $1.71 a share, up from a year- earlier $255 million, or 60 cents, the Detroit-based company said. Revenue rose 5.9 percent to $48.7 billion, the most ever in a fourth quarter, from $46 billion.

The company gained U.S. market share from rival Ford Motor Co. last year, as Chief Executive Officer Rick Wagoner boosted sales of new models such as the $50,000 Hummer and extended no- interest loans on older cars such as the Cavalier compact.

``They are winning the incentive game,' said Brian Eisenbarth, a portfolio manager at Davidson Investment Advisors, which manages $800 million, including 165,000 General Motors shares.

Sales Needed

General Motors needs increased vehicle sales to finance rising pension and health-care obligations, and to assure investors that it will be able to pay down debt. Wagoner plans to introduce 16 models this year, twice the usual number.

Shares of General Motors fell 31 cents to $39.89 at 11:28 a.m. in New York Stock Exchange composite trading. The stock has risen 8 percent this year after dropping 24 percent in 2002.

Eisenbarth said he expects the shares to climb to at least $50 a share by the end of the year.

General Motors received a $600 million breakup fee after Echostar Communications Corp. abandoned its $27 billion takeover bid for the automaker's Hughes Electronics Corp. satellite- television unit. The fee boosted General Motors' earnings in the latest quarter by $372 million, or 20 cents a share. Expenses related to the Hughes unit reduced profit by $202 million, or 11 cents.

Breakup Fee

Without the breakup fee and Hughes expenses, profit was $850 million, or $1.62 a share. On that basis, the company exceeded the average analyst estimate of $1.52 a share, according to a Thomson First Call survey.

Profit from General Motors' North American business almost doubled to $633 million from $392 million, as the company produced 10 percent more vehicles in the region, cut production costs and sold more cars and trucks.

General Motors' loss in Europe, which includes Opel, Vauxhall and Saab, narrowed to $129 million from $240 million, as the company cut costs. The loss for Latin America, Africa and the Middle East narrowed to $7 million from $111 million. The Asia- Pacific region had profit of $66 million, up from $25 million.

General Motors said its worldwide market share last year slipped to 14.9 percent from 15 percent in 2001.

Profit at the company's General Motors Acceptance Corp. finance unit rose 20 percent to $524 million.

Forecast

The automaker said it expects to earn $1.45 a share in the first quarter and left its full-year profit forecast of $4.75 unchanged. The forecast includes its Hughes subsidiary. Excluding Hughes, General Motors expects profit of $1.50 a share for the quarter and $5 for the year.

For the year, net income rose to $1.7 billion, or $3.35 a share, from $601 million, or $1.77. Revenue rose 5 percent to $186.2 billion from $177.3 billion.

General Motors' share of U.S. sales, including Saab, rose to 28.7 percent last year from 28.3 percent. U.S. share for top rival Ford fell to 21.5 percent from 23.1 percent, while Toyota Motor Corp.'s increased to 10.4 percent from 10.1 percent.

WOW!!!

General Motors' 4th-Quarter Net Income Rises Fourfold
By Joe Miller Bloomberg

Detroit, Jan. 16 (Bloomberg) -- General Motors Corp.'s quarterly profit rose fourfold to $1.02 billion, as the world's largest automaker won market share in the U.S by selling more Hummer H2 sport-utilities and Chevrolet Cavaliers.

Fourth-quarter net income was $1.71 a share, up from a year- earlier $255 million, or 60 cents, the Detroit-based company said. Revenue rose 5.9 percent to $48.7 billion, the most ever in a fourth quarter, from $46 billion.

The company gained U.S. market share from rival Ford Motor Co. last year, as Chief Executive Officer Rick Wagoner boosted sales of new models such as the $50,000 Hummer and extended no- interest loans on older cars such as the Cavalier compact.

``They are winning the incentive game,' said Brian Eisenbarth, a portfolio manager at Davidson Investment Advisors, which manages $800 million, including 165,000 General Motors shares.

Sales Needed

General Motors needs increased vehicle sales to finance rising pension and health-care obligations, and to assure investors that it will be able to pay down debt. Wagoner plans to introduce 16 models this year, twice the usual number.

Shares of General Motors fell 31 cents to $39.89 at 11:28 a.m. in New York Stock Exchange composite trading. The stock has risen 8 percent this year after dropping 24 percent in 2002.

Eisenbarth said he expects the shares to climb to at least $50 a share by the end of the year.

General Motors received a $600 million breakup fee after Echostar Communications Corp. abandoned its $27 billion takeover bid for the automaker's Hughes Electronics Corp. satellite- television unit. The fee boosted General Motors' earnings in the latest quarter by $372 million, or 20 cents a share. Expenses related to the Hughes unit reduced profit by $202 million, or 11 cents.

Breakup Fee

Without the breakup fee and Hughes expenses, profit was $850 million, or $1.62 a share. On that basis, the company exceeded the average analyst estimate of $1.52 a share, according to a Thomson First Call survey.

Profit from General Motors' North American business almost doubled to $633 million from $392 million, as the company produced 10 percent more vehicles in the region, cut production costs and sold more cars and trucks.

General Motors' loss in Europe, which includes Opel, Vauxhall and Saab, narrowed to $129 million from $240 million, as the company cut costs. The loss for Latin America, Africa and the Middle East narrowed to $7 million from $111 million. The Asia- Pacific region had profit of $66 million, up from $25 million.

General Motors said its worldwide market share last year slipped to 14.9 percent from 15 percent in 2001.

Profit at the company's General Motors Acceptance Corp. finance unit rose 20 percent to $524 million.

Forecast

The automaker said it expects to earn $1.45 a share in the first quarter and left its full-year profit forecast of $4.75 unchanged. The forecast includes its Hughes subsidiary. Excluding Hughes, General Motors expects profit of $1.50 a share for the quarter and $5 for the year.

For the year, net income rose to $1.7 billion, or $3.35 a share, from $601 million, or $1.77. Revenue rose 5 percent to $186.2 billion from $177.3 billion.

General Motors' share of U.S. sales, including Saab, rose to 28.7 percent last year from 28.3 percent. U.S. share for top rival Ford fell to 21.5 percent from 23.1 percent, while Toyota Motor Corp.'s increased to 10.4 percent from 10.1 percent.

WOW!!!

General Motors' 4th-Quarter Net Income Rises Fourfold
By Joe Miller Bloomberg

Detroit, Jan. 16 (Bloomberg) -- General Motors Corp.'s quarterly profit rose fourfold to $1.02 billion, as the world's largest automaker won market share in the U.S by selling more Hummer H2 sport-utilities and Chevrolet Cavaliers.

Fourth-quarter net income was $1.71 a share, up from a year- earlier $255 million, or 60 cents, the Detroit-based company said. Revenue rose 5.9 percent to $48.7 billion, the most ever in a fourth quarter, from $46 billion.

The company gained U.S. market share from rival Ford Motor Co. last year, as Chief Executive Officer Rick Wagoner boosted sales of new models such as the $50,000 Hummer and extended no- interest loans on older cars such as the Cavalier compact.

``They are winning the incentive game,' said Brian Eisenbarth, a portfolio manager at Davidson Investment Advisors, which manages $800 million, including 165,000 General Motors shares.

Sales Needed

General Motors needs increased vehicle sales to finance rising pension and health-care obligations, and to assure investors that it will be able to pay down debt. Wagoner plans to introduce 16 models this year, twice the usual number.

Shares of General Motors fell 31 cents to $39.89 at 11:28 a.m. in New York Stock Exchange composite trading. The stock has risen 8 percent this year after dropping 24 percent in 2002.

Eisenbarth said he expects the shares to climb to at least $50 a share by the end of the year.

General Motors received a $600 million breakup fee after Echostar Communications Corp. abandoned its $27 billion takeover bid for the automaker's Hughes Electronics Corp. satellite- television unit. The fee boosted General Motors' earnings in the latest quarter by $372 million, or 20 cents a share. Expenses related to the Hughes unit reduced profit by $202 million, or 11 cents.

Breakup Fee

Without the breakup fee and Hughes expenses, profit was $850 million, or $1.62 a share. On that basis, the company exceeded the average analyst estimate of $1.52 a share, according to a Thomson First Call survey.

Profit from General Motors' North American business almost doubled to $633 million from $392 million, as the company produced 10 percent more vehicles in the region, cut production costs and sold more cars and trucks.

General Motors' loss in Europe, which includes Opel, Vauxhall and Saab, narrowed to $129 million from $240 million, as the company cut costs. The loss for Latin America, Africa and the Middle East narrowed to $7 million from $111 million. The Asia- Pacific region had profit of $66 million, up from $25 million.

General Motors said its worldwide market share last year slipped to 14.9 percent from 15 percent in 2001.

Profit at the company's General Motors Acceptance Corp. finance unit rose 20 percent to $524 million.

Forecast

The automaker said it expects to earn $1.45 a share in the first quarter and left its full-year profit forecast of $4.75 unchanged. The forecast includes its Hughes subsidiary. Excluding Hughes, General Motors expects profit of $1.50 a share for the quarter and $5 for the year.

For the year, net income rose to $1.7 billion, or $3.35 a share, from $601 million, or $1.77. Revenue rose 5 percent to $186.2 billion from $177.3 billion.

General Motors' share of U.S. sales, including Saab, rose to 28.7 percent last year from 28.3 percent. U.S. share for top rival Ford fell to 21.5 percent from 23.1 percent, while Toyota Motor Corp.'s increased to 10.4 percent from 10.1 percent.

Ο χρήστης gavriil1 έγραψε:
I thought about posting this here, but then I thought, these guys will take me for a GM fan at this point, which I am not. Good to see someone else follow this kinda of VERY important stuff. This type of messages is THE CORE about the automotive industry. It is all about financial results weather some people like it or not. The only reason cars and trucks are what they are today, is because of financial results. Everything else, simply walks.

Einai simantiko gia ta paidia stin Ellada (kai idiaitera gia aytous pou einai akoma foitites) na katalaboun poies epixeiriseis bgazoyn xrimata kai pws bgainoun ayta ta xrimata.

Blepete edw ena SUV san to Hummer H2, kostizei oxi polla gia na to ftia3oun, alla epeidei einai hot commodity zitane oti 8eloune -> huge $$$s profit.

Episis gia na mi arxiste pali na brizete tous Amerikanous, na sas pw oti prwta koitas na anapty3eis tin dikia sou porswpiki oikonomiki katastasi kai kat'epektasi tin oikonomia tis xwras kai meta kritikareis tous allous.
Min 3exnate dynati oikonomia=dynati xwra.

Ο χρήστης nass έγραψε:
Θα ήθελα να δω τα αντίστοιχα αποτελέσματα της Ford για να καταλάβω αν είναι η GM που 'σκίζει' ή όλη η ΗΠΑμερικάνικη αυτοκινητοβιομηχανία.

Πάντως το άρθρο δεν εξηγεί επαρκώς την αύξηση από τα $250M στα $850M (έξω η Hughes, ΟΚ). Hummer και Cavallier δικαιολογούν τέτοια αύξηση ? Δύσκολο να το πιστέψω. 'The incentive game' ? Ωραίο ακούγεται αλλά $600M αύξηση πρέπει να έχουν μια καλύτερη εξήγηση!

To Hummer prepei na exei gyrw sta $15000 gross profit margin. 3erei kanenas posa poylisane to 4th quarter of 2002?

Ο χρήστης nass έγραψε:
Θα ήθελα να δω τα αντίστοιχα αποτελέσματα της Ford για να καταλάβω αν είναι η GM που 'σκίζει' ή όλη η ΗΠΑμερικάνικη αυτοκινητοβιομηχανία.

Πάντως το άρθρο δεν εξηγεί επαρκώς την αύξηση από τα $250M στα $850M (έξω η Hughes, ΟΚ). Hummer και Cavallier δικαιολογούν τέτοια αύξηση ? Δύσκολο να το πιστέψω. 'The incentive game' ? Ωραίο ακούγεται αλλά $600M αύξηση πρέπει να έχουν μια καλύτερη εξήγηση!

To Hummer prepei na exei gyrw sta $15000 gross profit margin. 3erei kanenas posa poylisane to 4th quarter of 2002?

Ο χρήστης mm55 έγραψε:

WOW!!!

General Motors' 4th-Quarter Net Income Rises Fourfold
By Joe Miller Bloomberg

Detroit, Jan. 16 (Bloomberg) -- General Motors Corp.'s quarterly profit rose fourfold to $1.02 billion, as the world's largest automaker won market share in the U.S by selling more Hummer H2 sport-utilities and Chevrolet Cavaliers..........

Πως είμαστε τόσο σίγουροι ότι όλοι οι αναγνώστες μας γνωρίζουν Αγγλικά ?
Αν πιστεύετε ότι κάποιο θέμα έχει ενδιαφέρον καλό θα ήταν να το μεταφράζετε πριν το καταχωρήσετε.

Kali idea! Yparxei kapoios en Elladi pou mporei na analabei tin metafrasi?

PS Isws 8a prepei na kanoume ena poll na doume posoi xristes den mporoun na diabasoun agglika.

Ο χρήστης titsataki έγραψε:
Δεν ειναι δα και αγγλικα του Shakespeare.

Εστω και αν υπαρχει προβλημα λογω των αγγλικων μη διστασετε να ρωτησετε. Δεν θα εχουμε κανενα προβλημα να βοηθησουμε στην μεταφραση.

Νικος

ΥΓ: Μα καλα δεν διδασκονται αγγλικα τρια χρονια στο γυμνασιο, τρια χρονια στο λυκειο και τα φροντιστηρια που οι πιο πολλοι παρακολουθουν;

8a einai poly periergo an yparxei kapoios sto internet pou na min diabazei agglika.

Ο χρήστης mm55 έγραψε:

Ορθη παρατηρηση.
Οποτε μια ελληνικη περιληψη και ισως ενα link στο αρθρο ειναι σωστο.

Νικος

Έτσι μάλιστα !

Ευχαριστώ Νίκο

Min nomizeis oti exoume poly xrono.

Protimw ta ellinika profanws, alla an einai kati pou prepei na to ma8oume grigora, kai ta agglika einai apodekta.