National Association of Manufacturers (NAM) President and CEO Jay Timmon has never run a manufacturer himself. Yet he is fond of passing judgement on what has hurt the large economic sector, particularly through criticism of the federal government’s…
Americans should avoid a number of high-end cars, if their primary interest is passenger safety. The Insurance Institute for Highway Safety reported that “only 3 of 11 midsize luxury and near-luxury cars evaluated earn…
General Motors Co. (NYSE: GM) may soon be much closer to Ally Financial again. An SEC Filing this morning shows that GM, via its wholly owned captive finance entity General Motors Financial Company Inc.,…
ThinkstockAuto parts maker Visteon Corp. (NYSE: VC) said today that CEO Don Stebbins “stepped down” as chairman, chief executive and president of the company last Friday. The board has named director Timothy Leuliette as…
wikimedia commonsTraffic accidents claim a terrible toll. In 2010, 4,280 pedestrians were killed in traffic accidents in the United States. This month, the National Highway Traffic Safety Administration (NHTSA) released its latest traffic fatality…
Ford Motor Co. (NYSE: F) is getting a positive review from Standard & Poor’s this Friday afternoon. The ratings agency has changed the outlook to Positive and has maintained Ford’s BB+ credit rating. The…
Dutch auto maker Spyker said Monday in a statement that it will sue General Motors Co. (NYSE: GM) for $3 billion on behalf of its subsidiary Saab. Spyker accuses the U.S. automaker of deliberately…
Shares of Zipcar Inc. (NASDAQ: ZIP) are getting battered today following a less-than-impressive second-quarter showing and a weak forecast for the current quarter. The company also suffered two downgrades this morning, one to Market…
Navistar International Corp. (NYSE: NAV) is trading higher today after some of yesterday’s big trading losses, but a research note is likely going to weigh on the shares even if it is from a…
Toyota Motor Corp. (NYSE: TM) made a lot of money last quarter, at about the same time that Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) were battered by problems in Europe.…
The wealthiest Americans are cheapskates, at least as far as their tastes in automobiles goes. Perhaps that is why some rich Americans stay rich. 24/7 Wall St. asked auto trends research firm Truecar to…
General Motors Corp. (NYSE: GM) has just reported second-quarter net income attributable to common stockholders of $1.5 billion, or $0.90 per fully diluted share. That compares to $1.54 per share in the year-ago period.…
It seems like years since Toyota Motor Corp. (NYSE: TM) had a series of recalls of millions of cars, which forced CEO Akia Toyoda to appear before Congress to defend the safety standards of…
New car sales for July in the US have slowed from the solid growth pace of the first six months of the year. General Motors Co. (NYSE: GM) reported sales down by -6.4% year-over-year…
Dollar Thrifty Automotive Group Inc. (NYSE: DTG) reported this morning that its second-quarter earnings came to $1.36 per share on $378.9 million in revenue. EPS were $1.37 and revenue $378.2 million in the same…