China displaced the US in 2009 as the world’s largest car market, and the number of Chinese auto buyers went up in 2010. Chinese buyers purchased 13.6 million vehicles in 2009 and…
Spain’s debt was put on review by Moody’s. (MarketWatch) The tax cut bill has been sent to the Senate. (Reuters) The Federal Reserve remains concerned about the economy and said its would…
GM (NYSE: GM) has offered buyouts to 3,000 workers at 14 of its plants. Most of these employees have special skills beyond assembly work. Many are electricians and welders. The more seasoned…
China’s November car sales hit a one-month record. Total cars and light vehicles shipped to dealers reached 1.34 million, up 29% from the same month last year. Sales for the first eleven…
Toyota Motor (NYSE: TM), its brand besieged in the US and elsewhere due to recalls, has one bright spot in the US. The company’s luxury brand, Lexus, was the No.1 selling high-end…
At the annual United Nations sessions on climate issues in Cancun, US energy secretary Steven Chu predicted that electric vehicles powered by batteries will be able to compete more effectively with petroleum-burning…
The Dow Jones Industrial Average (also called The Dow, Dow 30 and the DJIA) is what most Americans think of as the “stock market.” The widely followed benchmark of 30 American stocks,…
Pfizer’s (NYSE: PFE) CEO Jeff Kindler resigned because he was tired, he says. “The combination of meeting the requirements of our many stakeholders around the world and the 24/7 nature of my…
Eurozone leaders have pressed Portugal to take financial aid. (Financial Times Deutschland) KKR and other private equity interests will by Del Monte for $4 billion. (Reuters) Genzyme (NASDAQ: GENZ) may be open…
General Motors Corporation (NYSE: GM) may have been one of the top IPOs of American history. It was also one of the biggest bankruptcies in American history. S&P Equity Research has decided…
German automaker Volkswagen AG (OTC: VLKAY) doesn’t exactly say that it wants to be the world’s largest carmaker. Instead it says that it plans “to make Volkswagen the world’s most future-proof automotive…
Government Motors is now back to being General Motors (NYSE: GM). The taxpayer will start to recollect some of the bailout money, although shares would have to be far far higher for…
These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Abbott Laboratories (NYSE: ABT) Cut to Market Perform at Bernstein. Alcatel-Lucent (NYSE: ALU) Cut…
The GM IPO will be the largest eve.r (Reuters) Regulators indicated banks may face large write-offs on mortgages. (Reuters) Demand for the Chevy Volt has risen quickly. (Reuters) Toyota (NYSE: TM) expected…
The new performance scorecard from Truecar.com which it describes as how it “measures the overall performance of a brand or manufacturer based on pricing, sales, incentives, customer loyalty, market share, and inventory…
