In 2011, new car and light truck sales in the United States came in at about 13 million units sold. According to TrueCar.com, forecast sales for October put new light vehicle sales…
Volkswagen reported reasonably good earnings for the first nine months of the year, despite trouble in Europe. The global rival of General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM)…
Holiday Shopping Forecast Consulting house Deloitte issued survey results that will depress retailers. People will drive to the malls in droves this year, as foot traffic for holiday sales improves. CNBC reports:…
Ally Financial inc.Just to keep you up-to-date on a business that is owned by U.S. taxpayers, Ally Financial Inc. said today that it had sold its Canadian assets to Royal Bank of…
Companies institute or raise dividends for several reasons. One, the most striking example of which is Apple Inc. (NASDAQ: AAPL), is to return money to shareholders from balance sheets laden with cash.…
China bashing by U.S. politicians is not akin to warships on alert and bitter arguments over the fate of the relatively small Senkaku Islands, to which China and Japan each lay claim.…
So far, the economy of Germany is the only one in Europe that has dodged recession, or a reasonable projection of one. Among the causes of its strength are an unemployment rate…
In the long history of poor management decisions made at major American companies, only a few proved to be fatal. It is hard to ruin a company with a single decision. That…
Earlier this year, French carmaker PSA Peugeot Citroen SA and General Motors Co. (NYSE: GM) created an alliance to pursue joint development and supply chain synergies in the European automobile market. Today,…
Paul Ausick The CEO of Italy’s Fiat SpA, Sergio Marchionne, said earlier today that his company was going to scrap its five-year plan running through 2014, calling it “nonsense because the market won’t be…
Paul Ausick While most of the car industry’s attention has been turned to the drop in Japanese car sales in China, there is increasing evidence that manufacturers that do business in Europe will suffer very…
The territorial dispute between Japan and China over a set of islands continues to hurt Japanese automakers. Their sales in China dwindled in September as trade between the two countries has faltered.…
The Nikkei newspaper reports that Japan’s big three car makers have cut production for China by half as the two countries remain at odds over ownership of a few small islands. Toyota Motor Corp. (NYSE: TM), Honda…
A Single Eurozone Budget A consensus has begun to emerge that there be one budget for the entire eurozone. The region’s finance ministers will meet shortly. However, it is difficult to imagine…
The World Bank cuts forecasts for East Asian gross domestic product and warns on China’s growth. (Reuters) BAE’s largest shareholder disapproves of a merger with EADS. (Reuters) The idea of a single…
