Ford Motor Co. (NYSE: F) may not yet quite be investment grade, but the company is getting closer and closer. Friday morning brought the news that Standard & Poor’s has raised the debt and credit…
New car sales in September are estimated to have risen 19% year-over-year, though down -5.5% sequentially. The seasonally adjusted annual rate of new car sales is now set at about 12.9 million…
courtesy Green Mountain Coffee Roasters Inc.David Einhorn of Greenlight is well-known in investing, and not just for being long. This is called whale-watching. His comments today at the Value Investing Congress are…
China was supposed to be the salvation of the global auto manufacturing business as sales in the U.S. and Europe have slowed in the past half decade. Now, the China Association of…
ChartIt is hard to understand why General Motors (NYSE: GM) would continue to punish itself by moving further into the electric car market. Sales of its Chevy Volt have been a few…
Aol’s (NYSE: AOL) CEO approaches large investors about a merger with Yahoo! (NASDAQ: YHOO). (Reuters) The IMF says China can weather global financial and economic risks. (Reuters) Wall St. will watch Google…
While the debate rages over whether or not the U.S. should enact legislation aimed to curb currency manipulation — and specifically the Chinese peg to the U.S. dollar — the impact of…
In late August, Dollar Thrifty Automotive Group Inc. (NYSE: DTG) demanded that its suitors, Hertz Global Holdings, Inc. (NYSE: HTZ) and Avis Budget Group Inc. (NYSE: CAR), make an offer that eliminated…
Zipcar (NASDAQ: ZIP) brought new convenience to the car rental market, but whatever moat it created has been damaged by the actions of America’s largest car companies and their car rental partners.…
Today’s ratings agency actions include a new rating on off-balance sheet arrangement by AMR Corp. (NYSE: AMR), parent of troubled American Airlines, and other actions involving General Motors Co. (NYSE: GM), ConAgra…
Automaker Ford Motor Co. (NYSE: F) and the United Auto Workers (UAW) union have reached a tentative agreement on a new contract. The UAW reached a deal with General Motors Co. (NYSE:…
The federal government begins to probe the accounting of several Chinese companies. (Reuters) EU markets to decline more this quarter than in any other since 2008. (Reuters) Bank of America (NYSE: BAC)…
Today’s ratings actions have focused on commercial mortgage backed securities issued by several of the country’s largest banks — Morgan Stanley (NYSE: MS), Wells Fargo & Co. (NYSE: WFC), JPMorgan Chase &…
Angela Merkel faces a test: will her own party support money being used for the bailout of Greece? (Reuters) Bernanke says the Fed may have to act if inflation falls below targets.…
The number of cars and light trucks sold in the U.S. fell 25% over the past five years, from over 16.4 million for the model year beginning September 2005 to 12.4 million…
