Holden posts $70.2 million loss
June 30, 2009 by Matt Brogan
Filed under Australian Car Industry News, Car News, Holden, Holden VE Commodore
Holden has today announced a $70.2 million loss for the 2007-08 financial year.
The big loss came after the company tallied up charges of $76.8 million that relate to the forthcoming closure of its Family II engine plant in Port Melbourne, Victora as well as a $50.3 million hit on employee’s superannuation as the financial crisis [...]
Ford Australia posts $274m loss
June 19, 2009 by David Twomey
Filed under Australian Car Industry News, Car News, Falcon, Ford, Industry
Ford Australia has posted a substantial $274.4 million loss for last year but says much of that involves restructuring costs that will place it in a better position to move forward.
Restructuring charges cost it $162.2 million and came as sales revenue fell 7.4 per cent, lead by a declining interest in the Ford Falcon large [...]
Toyota loss balloons to US$8.6 billion
May 9, 2009 by David Twomey
Filed under Australian Car Industry News, Car News, GM, Honda, Industry, Toyota
Showing that even the apparent mighty are not immune in the current financial times, the world’s biggest car maker, Toyota, has forecast a much bigger than expected loss of US$8.6 billion.
Toyota Motor Corporation, announcing its latest results in Tokyo, said it would also sell about one million fewer vehicles this year, leaving it desperately trying [...]
