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- Goodyear factory in Collingwood, Ont., set to close Nov. 30
Nov. 30 has been set as the tentative date for the closure of the Goodyear plant in Collingwood, Ont. Spokesman Skip Sherer says the date isn't set in stone because the plant will stay open until all customer orders are filled. The plant makes rubber hoses, mainly for the auto industry, and Sherer says a ... - Ford reports smaller Q3 loss of $380 million
Ford Motor Co. posted a third-quarter loss of $380 million on Thursday, a vast improvement over its $5.2-billion loss a year earlier. The latest results beat Wall Street expectations, but it was a worse performance than the $750-million profit Ford reported for the second quarter, its first profitable quarter in two years. The overall net loss ... - Toyota Q2 profit rises 11 pct to company record on solid sales, raises outlook
Booming overseas sales and a favourable currency rate helped send Toyota's first-half profit to a company record on Wednesday, and the world's No. 2 automaker raised its forecast for the full fiscal year. The news from Toyota Motor Corp. struck a sharp contrast with rival General Motors Corp.'s report later in the day that it ... - Strong dollar to cut into Canadian auto parts profits
Profits for Canada's battered auto parts makers are expected to tumble this year in response to the strong loonie, stiff foreign competition and low demand for domestic-made vehicles, the Conference Board of Canada says. In a report released Wednesday, the Conference Board forecasts profits will fall 41 per cent to about $1 billion in 2007, ... - General Motors reports $39B quarterly loss after accounting shift
General Motors Corp. posted a $39-billion net loss in the third quarter, as an accounting shift involving deferred taxes brought an abrupt end to string of three profitable quarters for America's largest automaker. The whopping loss announced Wednesday was attributed to a $38.6-billion noncash charge largely related to establishing a valuation allowance against deferred tax assets ...
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