Wednesday, February 20, 2013

US Big Three Auto Corps 4Q 2012 Earnings Up 45%

The Big 3 US Auto Companies (Ford, General Motors and Chrysler) generated Total Adjusted After-tax Net Income of $2,423 mil in the 4Q 2012, up a very strong 45% over the 4Q 2011, and an exceptional earnings turnaround from the first half of 2012.  What the Obama Administration accomplished here with the resurrection of the US Auto Industry has been truly remarkable.

On the other hand, the Remaining  7 Motor Vehicle and Parts Industry Corps, filing with the SEC and with Adjusted After-tax Net Income or Net Loss of more than $100 mil in either the 4Q 2012 or the 4Q 2011, generated Total After-tax Net Income in the 4Q 2012 which decreased 46% from the 4Q 2011.

Below here is the Adjusted (before special items) After-tax Net Income of Net Loss of these 10 Motor Vehicle and Parts Industry Corps in both the 4Q 2012 and the 4Q 2011:



4Q 2012 4Q 2011


Non-GAAP Non-GAAP


Adjusted Adjusted Increase Increase

Net Net (Decrease) (Decrease)

Income Income Amount %

mils of $s mils of $s mils of $s
US Big Motor Vehicle and Parts Corps







Big Three



Ford Motor 1,241 797 444 56%
GM 804 651 153 24%
Chrysler 378 225 153 68%





Total Big Three 2,423 1,673 750 45%





The Remaining 7



Delphi Automotive plc 287 299 (12) -4%
Paccar 254 328 (74) -23%
TRW Automotive 199 238 (39) -16%
Autoliv 153 165 (12) -7%
Lear 145 131 14 11%
Borg Warner 137 152 (15) -10%
Navistar (Pretax Non-GAAP Adjusted Income) (314) 275 (589) -214%





Total Remaining 7 861 1,588 (727) -46%





Grand Total all 10 3,284 3,261 23 1%