Tuesday, January 19, 2016

22 Largest Auto Industry-Related Michigan Companies Four-Year 2011-14 Total Audited US GAAP Earnings Were $93 Bil, an Earnings Improvement of $227 Bil From the Four-Year 2007-10 Total US GAAP Audited Losses of $134 Bil ..... 9 Months Sept 2015 US GAAP Michigan Auto-Related Company Earnings on Absolute Fire, Up 58% Over 9 Months Sept 2014

From a review of the superb Google Finance Website and audited financial statements at the excellent SEC Website, presented below are the 22 largest Muto Industry-Related Michigan HQed Companies, all with stock market capitalizations several months ago above $100 million and which also had annual earnings numbers reported for all years from 2010 through 2014.  

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations for each of  these 22 largest Auto Industry-Related Michigan HQ Companies for all years reported from 2007 through 2014:


2014 2013 2012 2011 2010 2009 2008 2007




Audited Audited Audited Audited Audited Audited Audited Audited



Most Net Net Net Net Net Net Net Net
Largest Michigan City State Recent Income Income Income Income Income Income Income Income
Auto-Related Cos. HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Auto Industry-Related Companies









Ford Motor Dearborn MI Dec 14       3,186       7,175       5,612     20,321       6,477       2,712   (14,833)     (2,819)
General Motors Detroit MI Dec 14       4,018       5,331       6,136       9,287       6,503   (22,938)   (31,051)   (42,685)
Delphi Automotive PLC Troy MI Dec 14       1,440       1,301       1,160       1,223          703        (822)     (1,984)     (1,692)
FCA (Fiat Chrysler) US LLC Auburn Hills MI Dec 14       1,209       2,757       1,668          183        (652)     (8,210)   (16,844)     (5,041)
ZF Automotive Holdings Livonia MI Dec 14          334       1,007       1,041       1,195          875            73        (764)          109
Ally Financial Detroit MI Dec 14          925          416       1,370        (219)        (334)     (3,370)       4,863     (1,950)
Autoliv Inc Auburn Hills MI Dec 14          469          490          486          627          596            13          172          296
BorgWarner Auburn Hills MI Dec 14          688          651          522          571          396            36          (19)          317
Lear Corp Southfield MI Dec 14          702          456       1,317          570          461        (377)        (664)          267
WABCO Holdings Rochester Hills MI Dec 14          301          662          313          368        (214)            24          216          128
Gentex Zeeland MI Dec 14          287          223          169          165          138            65            62          122
Penske Automotive Group Bloomfield Hills MI Dec 14          309          250          196          176          122            84        (411)          121
Credit Acceptance Corp Southfield MI Dec 14          266          253          220          188          170          146            67            54
Visteon Van Buren Township MI Dec 14          137          785          229          187          806          184        (647)        (305)
Gentherm Inc Northville MI Dec 14            70            35            24            11              9              0              4              7
American Axle & Manufactiring Hldgs Detroit MI Dec 14          143            95          367          140          119        (253)     (1,225)            37
Metaldyne Performance Group Plymouth MI Dec 14            73            58          (58)            47            47            11

Federal-Mogul Holdings Corp Southfield MI Dec 14        (161)          101          (91)          (56)          165          (33)        (465)        (228)
Cooper-Standard Holdings Inc Novi MI Dec 14            46            45            99            77            18        (356)        (123)        (150)
Meritor Inc Troy MI Sep 15            66          284          (13)            80            82            28        (738)          (46)
Tower Intl Inc  Livonia  MI Dec 14            37          (26)          (21)          (34)          (57)          (59)          (46)          (20)
Spartan Motors Inc Charlotte MI Dec 14              1            (6)            (2)              1              7            13            43            26












Total all 22 Auto Related


    14,546     22,343     20,744     35,108     16,437   (33,029)   (64,387)   (53,452)












Total 4 Year Earnings 2011-14


    92,741






Total 4 Year Losses 2007-10


(134,431)






..... 4 Year Earnings Improvement


  227,172







From their SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations for each of  the 20 largest Michigan Auto Industry-Related Companies, with December Year Ends and not acquired in 2015, for the 9 Months Ended September 2015 and 2014:


 Nine Months  Nine Months 





2015 2014

Michigan Largest

Most Net Net Increase Increase
 Auto Industry-Related Cos. City State Recent Income Income (Decrease) (Decrease)
With December Year Ends HQs HQs FYE (Loss) (Loss) Amount %



 $ mils  $ mils  $ mils








Ford Motor Dearborn MI Dec 14       4,720       3,137       1,583 50%
General Motors Detroit MI Dec 14       3,389       2,009       1,380 69%
FCA (Fiat Chrysler) US LLC Auburn Hills MI Dec 14       3,249          540       2,709 502%
Delphi Automotive PLC Troy MI Dec 14       1,037       1,018            19
Ally Financial Detroit MI Dec 14          621          774        (153)
Lear Corp Southfield MI Dec 14          543          434          109
BorgWarner Auburn Hills MI Dec 14          511          540          (29)
Autoliv Inc Auburn Hills MI Dec 14          272          321          (49)
Penske Automotive Group Bloomfield Hills MI Dec 14          260          224            36
Gentex Zeeland MI Dec 14          230          218            12
Credit Acceptance Corp Southfield MI Dec 14          220          193            27
WABCO Holdings Rochester Hills MI Dec 14          184          234          (50)
American Axle & Manufactiring Hldgs Detroit MI Dec 14          173          130            43
Visteon Van Buren Township MI Dec 14          110          (57)          167
Metaldyne Performance Group Plymouth MI Dec 14          105            63            42
Cooper-Standard Holdings Inc Novi MI Dec 14            90            58            32
Gentherm Inc Northville MI Dec 14            67            50            17
Tower Intl Inc  Livonia  MI Dec 14            45            38              7
Spartan Motors Inc Charlotte MI Dec 14            (8)              1            (9)
Federal-Mogul Holdings Corp Southfield MI Dec 14          (55)            21          (76)








Total all 20 Auto Related


    15,763       9,946       5,817 58%






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