At the depth of the recession when there was a falling market for new cars, strikes were almost welcome in the US and EU. Most car companies had so much inventory that a break…
Texting while driving, along with talking on cellphones are considered to be a major cause of accidents on American roads. Some studies show that the distraction makes it more likely that these distracted driver…
Research group J.D.Power came out with its Initial Quality Study for cars, small trucks and SUVs. The survey ranks vehicles by number of problems per hundred vehicles. This year, the average number of problems…
GM is likely to go public within the next three quarters, particularly if the economy avoids a double dip recession. The rumor is that JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) will…
VW wants to be the world’s No.1 car company, and may reach that goal through its merger with Porsche. The top spot has changed hands in the last two years moving from troubled GM…
Thor Industries, Inc. (NYSE: THO) is not a typical company we would cover for an earnings report. Today is no normal earnings report. The company did post rather impressive numbers, but that is not…
GM will spare 900 of the nearly 2,000 dealerships it planned to close. That will leave it with 5,000. The revised plan will save GM money. Closing dealerships adds to the company’s costs because…
The auto industry is trying to recover from a 2009 when U.S. companies sold only 10 million vehicles, down from 16 million in 2005. In another example of how the large manufacturers are keeping…
GM better have that $40 billion IPO this year or early next. It is giving cars to baseball pitchers and putting people and dealers out of work at a torrid pace. It is doing…
Pontiac is gone now. So is Saturn, and in effect Hummer. Ford Motor (NYSE: F) announced that it would fad out Mercury, a brand created by Henry Ford’s son Edsel. Car makers are deciding…
Ford will end production of Mercury vehicles in the fourth quarter of this year to further grow its core Ford and Lincoln brands, according to Ford Motor (NYSE: F) Existing Mercury owners to receive…
Ford Motor (NYSE: F) has announced that it will recall 236,642 Focus cars in China, one of the largest in the history of the People’s Republic. China is now the world’s largest vehicle market,…
Car loan delinquencies dropped over 18% from the fourth quarter of 2009 to the first quarter of this year, according to credit agency TransUnion. The news is good for US car companies which are…
The economy has gotten markedly better over the last year, but the driving habits of Americans don’t reflect that. It may be because gas prices began to move up in the last few months,…
Ford Motor Co. (NYSE: F) has just gotten good news, albeit on a day where good news is getting discounted. Moody’s has upgraded the credit ratings of both Ford Motor Company and of Ford…