Like any other for profit businesses in the world auto companies are here to make money. With that in mind lets take a look at the automotive earnings released this past week. All of the brands releasing earnings this week showed positive profits and all but Honda had increased their profits from a year ago. Ford led all brands with a 2.55 billion first quarter profit thanks to its best first quarter since 1998. Percentage wise, Kia was at the top of the leader board as it increased its earnings by 91% while fellow South Korean Hyundai increased earnings 46.5%. Also doing well was Volkswagen which posted its best first quarter ever while Daimler AG nearly doubled its first quarter profit compared to last year.
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