GM China Sales Rise 55% To A Record
GM’s sales may be taking a thrashing in its home market, but Chines sales for the No.1 US car company are getting good enough to trump the company’s trouble in America, or…
GM’s sales may be taking a thrashing in its home market, but Chines sales for the No.1 US car company are getting good enough to trump the company’s trouble in America, or…
Reuters: GM says most of its cost cutting is done and its sales chief left. Reuters: Spot gold hit a record above $1,050. Reuters: The Senate healthcare bill weighs in at $829…
Chrysler is in deep trouble. It is deep enough that analysts and the media have questioned whether it has enough cash to make it through a turnaround, especially in a harsh auto…
Reuters: The retirement package for Ken Lewis of Bank of America (BAC) may be as high as $125 million. Reuters: US car sales plunged in September with Ford (F) up and GM…
Rumors, credible rumors, are beginning to circulate in the car industry and the automotive press, that Chrysler may not make it another year primarily due to its falling sales and growing financial losses…
The expected recovery of the American car business was supposed to be based on huge cost cuts at all three domestic companies and improved product lines based largely on a desire among…
Update: Verizon (VZ) may consider buying DirecTV (WSJ) Update: The Apple (AAPL) iPhone will cost an extraordinarily high $303 in China but the monthly service fee will be as low as $18.45…
The employee bloodletting in the automotive industry is not confined to the US where hundreds of thousands of factory workers have lost their positions over the last decade. The largest car company…
Reuters: The young and affluent in China may become more active consumers. Reuters: The G20 is looking to nurture the recovery and add financial safeguards. Reuters: Taxpayers may never get back all…
Reuters: A dispute over tires is making trade talks among G20 nations difficult. Reuters: Bank of America (BAC) will give Congress documents about Merrill. Reuters: Th G20 is looking at ways to…
24/7 Wall St. sat down with Alan Mulally, who has been Ford’s (F) CEO for three years, on September 15. The interview covered Ford’s major plans, the global car markets, and the effects…
The “cash for clunkers” program was not kind to GM. It did not have a single vehicle on the list of the ten most purchased cars which was dominated by Toyota (TM),…
The “cash for clunkers” program was not kind to GM. It did not have a single vehicle on the list of the ten most purchased cars which was dominated by Toyota (TM),…
Reuters: International bank regulators are looking at Brazil as a model. Reuters: John Mack will step down at Morgan Stanley’s (MS) CEO. Reuters: The SEC vowed reforms after its report on Madoff revealed mistakes.…