The amount the International Monetary Fund can raise, primarily to help to create a sovereign firewall for Europe, stands at $320 billion. Although, several nations have said they will help push the…
BRICs want more of a say in the International Monetary Fund before they make their next contributions. (Reuters) French president Nicolas Sarkozy almost certainly will be voted out of office, raising questions…
Ford (NYSE: F) plans to increase it production facilities and dealer outlets in China two-fold by 2015. The No. 2 US car firm said it would build a $760 million auto assembly…
US car buyers purchased 11,642 clean diesel vehicles in March, a rise of nearly 29% over February sales and up nearly 40% year-over-year. Year-to-date US sales of clean diesel vehicles is up…
In what is likely to be a shock to the system of EU austerity negotiations, Italy will move its balanced budget goal from 2013 to 2014. Reuters reports that a document from the office of Prime Minister…
Ford (NYSE: F) said it will not produce electric powered heavy trucks anytime in the near future. It has already begun to follow GM (NYSE: GM) and Nissan into the business of…
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% 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…
