Archive for January, 2007

Ford posts record annual loss of $12.7 bn

Thursday, January 25th, 2007

Ford Motor Co lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the fabled automaker’s deficit for the year to $12.7 billion, the largest in its 103-year history.
The annual loss reported on Thursday surpassed its previous record for a year of $7.39 billion set in 1992. The 2006 loss […]

Is petrol engine dead?

Wednesday, January 24th, 2007

If someone asked me when was the last time a significant development happened in four stroke spark ignition petrol engines, I would look up to the sky, dig into my memory, read up some old books and then perhaps come up with a wise-crack: may be around the time Adam was born!
Really petrol engines are […]

Maruti Q3 net profit up 11 pc, shares rise

Monday, January 22nd, 2007

Car industry leader Marti Udyoug Ltd (MUL) on Monday posted a net profit of Rest 376.41 core for the third quarter of the current fiscal year, up 11 per cent over Rest 339 core in the same October-December quarter of 2005.
The result was below market expectations but as a result of an extraordinary item in […]