Happy Halloween, and, if I may, congratulations to the Boston Red Sox! Many of us long-time fans remember decades when there was no hope of the team ever playing October baseball in what one player called “a museum” Now they have won three World Series including the first one in Boston since Babe Ruth was a defensive fill-in in left field. There are millions of happy hearts this morning.
Take out one-time items, and things are clicking at General Motors. In the third quarter, the General reported earnings of 96 cents, and that is two cents better than analysts were forecasting. Helping the old Bottom Line was a reduction in European losses. There is even the hint of a dividend payment for the first time since 2008.
Thanks to brisk business in its motorcycle and auto business, Honda has reported a 46 percent earnings gain in its latest quarter, compared to a year ago.
Chrysler continues to prop up Fiat. It posted net income of $464-million in its latest quarter thanks to strong demand for its Ram trucks. Fiat reported a loss of $339-million. Chrysler earnings were up 22 percent despite the slow roll out of the Jeep Cherokee. Ram truck made a $1-million donation to the National Future Farmers Association.
According to the EPA, the Ford Fiesta with the 1-liter, three-cylinder, EcoBoost engine gets 45 miles per gallon on the highway. That makes it the most economical non-hybrid gas powered car in the U.S. The Fiesta 3, as it were, will go on sale in December. EPA said the Honda Insight will deliver 44 on the highway with the VW Golf diesel coming in at 42.