Profit, Automaker | featured news

German carmaker BMW says 2012 was the best year in its history after it posted a rise in profits and record revenues.

General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

Chrysler reported its second-quarter profit soared as its predominately North American operations shielded it from the European economic slowdown on plaguing its U.S. competitors.

Ford (F) swung to a profit for the first quarter today, earning $2. 1 billion ...

The largest carmaker attributed its unexpected profit to government measures around the world designed to boost sales of environmentally friendly cars and other vehicles.

Automaker says earnings were fueled by cost cuts and Cash for Clunkers rebates.