Ben Bernanke says the Fed is prepared to buy more bonds. (Reuters) NEC to cut 10,000 workers. (Reuters) Nintendo posts poor earnings and cuts forecasts. (Reuters) Warren Buffett says higher taxes on…
Just two years after emerging from bankruptcy protection and taking a $50 billion bailout package from the federal government, General Motors Co. (NYSE: GM) is once again leading the world in total…
2012 may seem like a resurgence of the banking sector is afoot, but what about the resurgence of the U.S. auto industry. The age of the consumer fleet is at a record…
Most Americans know nothing of Polk when it comes to analyzing auto data. There is likely soon to be a booming new car industry in America if American’s begin to revert anywhere…
Brand consultancy Interbrand has issued its latest report on brand value, and while the top five did not change, a gap is opening between the fourth and fifth place finishers. The largest…
German carmaker Volkswagen AG sold 2.26 million vehicles in China and Hong Kong during 2011, up 18% year-over-year and a new record for the company. China is the company’s largest market for…
Among 33 auto brands sold in the US, Hyundai has the highest customer loyalty–which JP Power calls “retention rate” One in three new-vehicle owners who switched brands say their previous brand didn’t make…
Foreclosures fell for the first time in four years, according to research firm Realtytrac. The firm said “Foreclosure filings were reported on 205,024 U.S. properties in December, a decrease of 9 percent from…
Olympus may partner with Samsung. (Reuters) RBS cuts 3,500 investment bank jobs. (Reuters) RealtyTrac reports that foreclosures reached a four-year low in 2011. (Reuters) International Monetary Fund senior executive Lipton sees no…
There is still too much spare capacity in the global auto industry. That is, at least, what Fiat and Chrysler CEO Sergio Marchionne believes. He is particularly concerned about the situation in Europe…
Ford Motor Co. (NYSE: F) announced a recall of 450,000 of older model minivans and SUVs this morning at the Detroit Auto Show. The company is recalling 2001 and 2002 Ford Escape…
Paul Ausick As per a retraction or a correction, CNBC’s Phil LeBeau has just retracted (or corrected) his statement that Ford Motor Co. (NYSE: F) is going to post a loss for the quarter. …
Jon C. Ogg UPDATED BELOW Ford Motor Co. (NYSE: F) is going to report a loss for the quarter. CNBC’s Phil LeBeau just announced that a presentation at a conference is telegraphing that the best…
Jon C. Ogg It is impossible for every company in an industry to gain market share. Yet, almost all of the large car manufacturing executives say that in 2012 they will beat their competition in…
http://platform.twitter.com/widgets/hub.1324331373.html The U.S. may start legal proceedings against Swiss financial firm Wegelin & Co. based on beliefs that it helped shield Americans from taxes. (Reuters) The EPA may send fresh water to…
