Tag Archives: Finance

Report: Uber isn’t having the best 2016, posts $1.2 billion loss already

Uber hasn’t been so uber lately as Bloomberg reports the popular ride-sharing company already posted a $1.2 billion loss as we enter the third quarter. The company’s money drain was first reported when a conference call happened between Uber’s executive branch and investors for a company evaluation. According to the report, Uber posted a loss of $1.27 […]

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Report: BMW preparing massive cost cuts to save billions…watch out build quality!

Cost-cutting is a term that no auto enthusiast likes to hear at all, especially since the result of cost-cutting usually means a complete dilution of brand identity while putting build quality and reliability in jeopardy. Hey, remember when Mercedes-Benz cut major cost corners in the late 1990s? Yea, it wasn’t good. Well, either way, AutomotiveNews reports […]

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Report: Ferrari sold less cars last year, posted higher earnings

A report is in from AutomotiveNews of Europe, who learned about Ferrari’s recent financial reports, which interestingly found that the brand sold less cars last year, but ironically, made more money. Ferrari’s CEO recently announced intentions to become “a more exclusive brand,” by limiting production figures to 7,000 units per year. Only 6,922 units were sold […]

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