The European Automobile Manufacturers Association said sales reached a 14-year low in the region in March. Registrations in the European Union plus Switzerland, Norway and Iceland fell 6.6%Â to 1.5 million cars and…
The Sony (NYSE: SNE) train wreck continues. The Japanese company has appointed a new CEO and will fire 10,000 workers. But annual earnings for the fiscal year are much worse than expected. Sony…
Honda (NYSE: HMC) is the latest multinational car company to attack China’s vehicle market. People’s Republic drivers bought 18 million cars and light trucks last year, well ahead of the 12.5 million…
China recently was the most attractive car and light truck market in the world. The Asian nation’s vehicle sales are nearly 18 million a year now, ahead of the second-largest market —…
A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
The rise in March domestic car and light truck sales was attributed largely to two factors. The first is that American’s need more fuel-efficient cars because of high gas prices. The second is that…
The Federal Reserve Bank of Philadelphia put out its prediction of the economic health of all 50 states and D.C. Only three states face harsh prospects, according to the branch of the…
Douglas A. McIntyre Ford (NYSE: F) posted a very modest sales gain of 5% in March compared to the same month last year. The company said, however, that the number represents the best March in…
One more foreign car company will take the chance that the Chinese auto market, the world’s largest, will continue to expand. But car sales have not grown in the past year, and signs indicate they…
International think-tank Ethisphere Institute has just announce the 143 global companies that made the Institute’s 2012 list of Most Ethical Companies. Of the total, 102 are US-based companies, and 23 of the…
The U.S. will tap its Strategic Energy Reserve as a way to bring down gasoline prices. (Reuters) A large rise in iPad sales helps drive Apple’s (NASDAQ: AAPL) shares to new highs.…
Last Friday, President Obama pointed to the improving labor market as a sign the economy is recovering. According to the jobs report released last week, companies hired more than 200,000 workers for…
The market value of General Motors (NYSE: GM) and Volkswagen, two of the largest car companies in the world, rely a great deal on their dominant positions in the Chinese market. That…
The recent news from Chrysler has been almost all good. U.S. sales rose 40% in February, well outdistancing the improvement for most of its rivals. The car maker repaid $7 billion in…
A disorderly default of Greece would cost one trillion euros as contagion would spread sovereign debt problems to Spain and Italy, the Institute of International Finance says. (Reuters) AIG (NYSE: AIG) raises…
