J. D. Power and Associates released its new 2009 sales satisfaction index. The survey covers responses from 48,000 people and “is measured for five factors: dealership facility; salesperson; paperwork/finance process; delivery process; and vehicle…
Reuters: Citigroup (NYSE:C) and the government are in a dispute over TARP re-payments Reuters: Japan release plans for an $81 billion stimulus package. Reuters: Morgan Stanley’s (NYSE:MS) new CEO will shuffle top management.…
Updated throughout the day. Updated 1.17 PM EST: Apple (NASDAQ:AAPL) may sign up Sprint (NYSE:S) and T-Mobile to market the iPhone in the US (Barron’s) Updated 11.29 PM EST: Huntsman (NYSE:HUN) may…
There are a number of reasons that current GM Chairman and former AT&T (NYSE:T) chief Ed Whitacre is an extremely poor choice to run the car company. The most obvious is that…
Douglas A. McIntyre GM is being pulled out of US soil by its roots. For the first time in history the company posted monthly sales in a foreign country that were higher than the domestic figure.…
Douglas A. McIntyre The big news about November car sales is that Chrysler continues to lose market share at a remarkable and unsustainable rate. Edmunds predicts that Chrysler sales will drop 35% from the same month…
Car sales may slip over the next few months, but not every company will be affected equally. New research from ChangeWave shows that the bankruptcy and turmoil around GM and Chrysler is…
The Insurance Institute for Highway Safety came out with its annual list of safest cars. Ford (NYSE:F) and its Volvo unit got six awards, VW and Subaru each got five. Chrysler had…
Reuters: China is the key stop on Obama’s tour of Asia. Reuters: South Korea’s businesses may start to feel more pressure from China competitors.. Reuters: Hewlett-Packard (NYSE:HPQ) bought 3Com (NYSE:COM) for $3.1…
Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT…
By Douglas A. McIntyre The S&P 500 index is so far having a fine year, up a bit more than 20%. But several big-company stocks in the index have doubled, or better,…
GM executive Bob Lutz, who has been a senior executive in the car industry longer than any man alive, will become the new chairman of Opel. GM has decided to keep ownership…
Douglas A. McIntyre Almost no one expected any of the world’s largest car companies to make money this year. Sales around the globe are simply down too much and efforts to cut costs have not…
China has approved a plan for Disney (NYSE:DIS) to build a theme part in Shanghai. The American entertainment company has been trying to get a go ahead to build the $4 billion project for…
GM’s sales rose unexpectedly, by 4% in October to 177,603 cars and light trucks. Chevrolet retail sales were especially strong, up 31%. The No.1 US car company said fourth quarter production would…
