Swedish business site di.se has done some numbercrunching, and figured out that GM has lost SEK 35,000,- (eq aprox $ 5,100, at the current exchange rate) on each Saab sold the last 8 years. As many of TTAC’s readers have pointed out in various comments, GM never made money on Saab. Truth is; they lost

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GM Lost $5k On Every Saab Sold In The Last 8 Years

If you’re having a hard time viewing GM’s “somewhat special” announcement, try upgrading your Flash player version.

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GM’s 3Q Results Press Conference

According to GM’s 3rd Quarter financial results announcement: GM plans to repay the United States, Canadian and Ontario government loans in quarterly installments from escrowed funds, beginning next month with an initial $1.2 billion payment to be made in December ($1.0 billion to the UST and $192 million to the EDC), followed by quarterly payments. Any

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Bailout Watch 571: How GM Won’t Pay Off Its Government Debt (But Will Try To Make You Think It Did)

As part of its eleventh-hour decision to hold onto its Opel subsidiary, GM has made a 200m euro ($300 million) payment on its German “bridge loan.” GM Europe Chief Financial Officer Enrico Digirolamo announced that the nationalized automaker will repay the remaining 400m euros ($600 million) by the end of the month. The German government

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U.S. Taxpayer Repays Part of GM’s German Loan

Were you looking forward to GM’s first post-bankruptcy financial report, set to be released on Monday? We sure were. Right up until we read that the earning statement won’t be compliant with a little something called Generally Accepted Accounting Principles. Automotive News [sub] reports that GM will use so-called “managerial accounting,” (do we have an

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GM’s Monday Earnings Report: Mind The GAAP

“I don’t see anyone bleeding to death,” Sergio Marchionne told reporters and analysts a week ago, when asked what he thought of Chrysler’s current dealer body. He might be about to change his tune. The US Treasury will stop guaranteeing GMAC’s floorplan loans to Chrysler Group dealers on the 21st of this month, and the

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Chrysler Dealers Appeal to Marchionne in GMAC Dispute

Look at Chrysler’s sales volume by model, and it’s clear that Ram is one of the few nameplates keeping Chrysler’s volume moving. Especially when you consider that pickups typically generate far more profit than car and crossover models. Which brings us to what may have been the most penetrating question of Wednesday’s question-and-answer period (which

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Chrysler: I Am Ram (Dependent)

Welcome one and all to the new TTAC. Take a moment to look around, and you’ll see that in addition to a new logo and some graphical changes, we’ve made some functional upgrades as well. For one thing, we finally have a customizable Google search window. We have also integrated a Facebook Connect feature which

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Welcome To The New TTAC!

We tore David Cole a new one the other day, when the leader of the manufacturer and union-supported Center for Automotive Research suggested that trimming GM and Chrysler dealers wasn’t such a good idea—based on some schmoozing with his pals. Never let it be said that I won’t trot-out a dubious source when it suits

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David Cole: Ford’s Debt Adds $1500 to Cost of Every Vehicle

Chrysler’s financial plan is where the rubber hits the road for Sergio Marchionne’s turnaround. It starts with a break-even projection for 2010 on net revenue of about $42.5b, which is more than double the projections for 2009 of $17b net revenue. As the previous sales projection chart and product plan analysis indicates, a short-term turnaround

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Chrysler’s Financial Plan: Leveraged Assumptions