Tesla Runs into Headwinds
Tesla Motors Inc. (NASDAQ: TSLA) may be in for a rough trading day on Tuesday. With headlines about lower production, the real issue is a share sale, and perhaps a change in its loan…
Cars and Drivers
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U.S. automaker General Motors Co. (NYSE: GM) said today that it is recalling 426,240 U.S. vehicles to fix a problem with the cars’ transmissions. The affected models are Chevrolet Malibu, Pontiac G6 and Saturn…
Ford, GM Set Deals with Canadian Auto Workers
The three large American auto firms have to hope that their negotiations with the United Auto Workers will be as easy as the ones they have had with the Canadian Auto Workers. The CAW have…
Luxury Car Sales Slump in Europe
nationsonline.orgEven the luxury end of the car market has begun to suffer in Europe. Apparently, the 1% have begun to feel the pinch of recession. They must have decided to hold their current cars…
Another Car Company Plans to Double Sales
The management of one more car company says it expects huge sales improvements over the next few years. There is hardly a large manufacturer that has not forecast double-digit growth or better in roughly that time frame.…
CarMax’s Flat Earnings Fall Short of Expectations
CarMax Inc. (NYSE: KMX) this morning reported second-quarter earnings per share (EPS) of $0.48 on revenue of $2.76 billion. In the same period a year ago, the used car dealer reported EPS of $0.48…
Autozone Hit by Poor Same-Store Sales
ThinkstockAutozone Inc. (NYSE: AZO) this morning reported fiscal fourth quarter 2012 earnings per share (EPS) of $8.46 on revenue of $2.8 billion. In the same period a year ago, the auto parts retailer reported…
Ford CEO Staying Put
Alan Mulally, CEO of Ford Motor Co. (NYSE: F), said today that he has no plans to leave the automaker any time soon: “My plan is to continue to serve as the CEO of…
Cars with the Most Safety Complaints
Last year, the government received nearly 30,000 complaints from car owners concerned about potentially dangerous defects with their vehicle. Since 2007, the department responsible for auto safety — the U.S. National Highway Traffic Safety…
Car Sales Crater in Europe
Car and light truck sales represent a large enough part of the consumer economy to be a reasonable proxy for optimism, pessimism, the desire of people to hold what money they have, or to…
Why the U.S. Should Hold Its GM Stake
GM’s management has done a lot to badly cripple the company recently. Now, with its stock price down at least in part because of poor management decisions, GM wants the government to sell the…
Global Auto Sales to Fall in 2013
Tepid demand in Europe and declining sales in China will stymie growth in the global auto industry in 2013, according to new report from Moody’s. Global demand growth estimates have been cut from 4.5%…
More on Ford After the Mulally Regime (F, GM)
If there is one chief executive who deserves significant accolades in the U.S. auto sector, it is Alan Mulally of Ford Motor Co. (NYSE: F). Now the public is going to have to get…
Europe Still Plenty of Trouble for Carmakers (F, GM)
At the end of August, automaker General Motors Co. (NYSE: GM) reached a deal with the German government allowing the company to go to a short-time schedule, which cut workers’ hours but not their…
GM Needs to Dump Opel — Analyst
General Motors Co. (NYSE: GM) has lost$16 billion on its Opel/Vauxhall division in the last dozen years, and the company may lose even more in the next dozen according to an analyst at Morgan…