J.D. Power released its initial quality auto survey for this year which is based on questions put to 78,000 motorists. The headline most of the media carried about was that ... Read Full Story »
Vice President Joe Biden spent much of last weekend speaking about the value of the federal government bailout of Detroit. Treasury Secretary Timothy Geithner and President Barack Obama have made ... Read Full Story »
VW has stated that it cannot overtake GM (NYSE: GM) and Toyota (NYSE: TM) as the world's No.1 car company without a large expansion of its US sales. The German ... Read Full Story »
Fiat is about to buy another 16% of Chrysler which would take its total stake to 46%. The deal would involve a payment of $1.5 billion, which does not value ... Read Full Story »
There is a car price war about to take place in the US. It will be driven by the large number of new models which have begun to be released, ... Read Full Story »
China's November car sales hit a one-month record. Total cars and light vehicles shipped to dealers reached 1.34 million, up 29% from the same month last year. Sales for the ... Read Full Story »
Dell's (NASDAQ: DELL) margins rushed past expectations and shares moved higher (Reuters) Bernanke said a strong US recovery is essential to global economic health (Reuters) Lawmakers attacked regulators and banks ... Read Full Story »
Toyota Motor (NYSE: TM) announced its earnings for the quarter that ended September 30, and they were impressive. The company damaged its reputation due to millions of recalls and the ... Read Full Story »
VW and Toyota (NYSE: TM) have competition from a US car company again--Ford. Ford Motor Company (NYSE: F) Q net income of $1.7 billion, $.43 cents per share, a $690 ... Read Full Story »
Reuters: China said legislation aimed at a devaluation of the yuan violated WTO regulations. Reuters: IPOs do poorly in the People's Republic now but can raise money from overseas investors. ... Read Full Story »
Toyota Motor (NYSE: TM) will launch six new hybrids over the next two years to sit in showrooms with its highly popular Prius. Hybrid sales are modest, making up 15,444 ... Read Full Story »
There are rumors that GM will delay its IPO and others that it will sell preferred stock along with common. The need to sell preferred is a sign that GM ... Read Full Story »
The rapidly expanding car market in China has been critical to the earnings of global auto companies like GM, VW, and Toyota Motor (NYSE: TM). China's insatiable demand for cars ... Read Full Story »