Bottom Line: Ford the Most Profitable Brand So Far This Year

Like any other for profit businesses in the world auto companies are here to make money. With that in mind lets take a look at the automotive earnings released this past week. All of the brands releasing earnings this week showed positive profits and all but Honda had increased their profits from a year ago. Ford led all brands with a 2.55 billion first quarter profit thanks to its best first quarter since 1998. Percentage wise, Kia was at the top of the leader board as it increased its earnings by 91% while fellow South Korean Hyundai increased earnings 46.5%. Also doing well was Volkswagen which posted its best first quarter ever while Daimler AG nearly doubled its first quarter profit compared to last year.
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0to60 - 4/30/2011 9:41:21 AM

+2 Boost

Isnt Hyundai and Kia the same company? If so, wouldnt they be the most profitable?

0to60 - 5/1/2011 8:39:31 PM

+1 Boost

so that would put them at 3rd

0to60 - 5/2/2011 8:27:47 AM

+1 Boost

So your saying the profits they made off of Kia would be already in the amount listed above?