Is Buyout of Pep Boys Going Bad? (PBY, AZO, ORLY)
On April 26th, Gores Group LLC asked Pep Boys – Manny, Moe & Jack (NYSE: PBY) to delay a special shareholders meeting by 30 days in order to give the private equity firm time…
Cars and Drivers
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Newest first · Page 292China Car Show Ends In Disappointment
The Beijing Auto Show is about to end. It may be the most disappointing of the world’s large gatherings of car executives and their new products this year. One of the reasons the show…
North American Sales Hike Ford Revenues, Profits (F, GM, TM, HMC)
Higher revenues and profits in its North American region boosted first-quarter results at Ford Motor Co. (NYSE: F). The company posted EPS of $0.18, well above the consensus estimate of $0.08, on revenues of…
Chrysler Helped by Lack of Overseas Operations
A year ago, most car company analysts believed that the key to big profits for large manufacturers was an abundance of overseas sales. That has turned out to be untrue for now. Chrysler posted record…
April New Car Sales on Track for Best Month Since 2008 (F, GM, TM, HMC, NSANY)
Auto industry research firm truecar.com released its sales and incentives forecast for April today, and the company expects the sales forecast to translate to a seasonally adjusted annual rate of new car sales of…
AutoNation Posts Best-Ever Earnings (AN, CRMT, KMX, F, GM, TM, HMC, NSANY)
The largest car dealership in the US, AutoNation Inc. (NYSE: AN) reported earnings this morning for the first quarter. The company posted EPS of $0.56, an all-time high, on revenue of $3.7 billion. The…
Fitch Ups Ford to Investment Grade (F, GM)
Ford Motor Co. (NYSE: F) is getting its reward for dodging bankruptcy during the financial crisis, something that its US rivals General Motors Co. (NYSE: GM) and Chrysler were not able to achieve. Fitch…
China Auto Show Heats Up
The important Auto China 2012 show has allowed many large manufacturers to increase their commitment the People’s Republic. This is based on the fact that it is the world’s largest market for cars and…
Men Love Ferrari, Women Love MINI (GM, F, TM, HMC, NSANY, KIMTF, MZDAF, SZKMF)
Car sales by gender in 2011 pretty much reflect what you’d expect. Men prefer fast cars and big SUVs and pickup trucks. Women favor smaller, more fuel efficient vehicles. Men buy 92.5% of all…
Car Parts Maker Crashes on Private Placement (MPAA)
ThinkstockMotorcar Parts of America Inc. (NASDAQ: MPAA) wrecked its share price today, following the company’s announcement of a $15 million private placement of shares at a price of $7.75. The company remanufactures starters and…
Ford Expands In China
Ford (NYSE: F) plans to increase it production facilities and dealer outlets in China two-fold by 2015. The No. 2 US car firm said it would build a $760 million auto assembly plant in…
Clean Diesel Car Sales Rose 40% in March (F, GM, TM)
US car buyers purchased 11,642 clean diesel vehicles in March, a rise of nearly 29% over February sales and up nearly 40% year-over-year. Year-to-date US sales of clean diesel vehicles is up 35% to…
No Electric Trucks For Ford
Ford (NYSE: F) said it will not produce electric powered heavy trucks anytime in the near future. It has already begun to follow GM (NYSE: GM) and Nissan into the business of producing small…
U.S. Is Car Industy’s Last Bright Light
The European Automobile Manufacturers Association said sales reached a 14-year low in the region in March. Registrations in the European Union plus Switzerland, Norway and Iceland fell 6.6%Â to 1.5 million cars and light trucks.…
China’s Car Market Loses Promise
China is supposed to be the market which gets the global car industry back on its feet after the losses caused by three years of recession. The China market, which produced 18 million car…