Ford Motor Co. reported a $2.1 billion profit for the first quarter of 2010 and has raised its forecast for the full year. The is the forth quarter in row — since the second quarter of 2009 — that the company has reported a profit. It has boosted its second-quarter North America production by 30,000 [Read More]

Hyundai Motor posted a record operating profit for its fourth quarter. Its small cars have proven to be popular with recession-weary buyers and, with Toyota facing an image crisis, the South Korean automaker looks to maintain the momentum it has over its rivals for the year. “Hyundai still has a lot of momentum, particularly compared [Read More]

In the heap of Toyota’s recalls, Ford announced today that it earned a $2.7 billion profit for 2009, its first profit in four years. The announcement is made more significant because it came in one of the worst years in the history of the automotive industry. “While we still face significant business environment challenges ahead, [Read More]