Courtesy Volkswagen AGVolkswagen of America management says it is playing for the long term. Although current sales figures are important, it will take some time to improve the German company’s flagging fortunes…
U.S. auto sales had a strong month in May, with all three of the Detroit automakers posting gains well ahead of analyst estimates. Most of the leading automakers saw substantial gains, but…
When automakers reported May sales Tuesday morning, General Motors posted a gain of 13% year-over-year. Retail sales of all the company's brands are up year-to-date.
courtesy of ChryslerAutomakers reported May U.S. sales throughout the morning Tuesday, and sales for the month at all carmakers except Volkswagen were higher. The German firm’s sales were down more than 15%…
courtesy of Wal-Mart Stores Inc.The 500 largest corporations in the United States posted profits of more than $1 trillion last year, the first time ever to reach that level and, of course,…
ThinkstockOne thing we have related to 24/7 readers over the years is that for all of their pedigreed executives and portfolio managers, hedge funds tend to go a lot in the same…
GM's Chevy division sells its flagship Corvette Stingray Coupe for under $54,000. Since the car ranks as a world-class sports vehicle, in theory it should sell for much more.
Douglas A. McIntyre Ford Motor Co.How frightened are car companies of public opinion, personal liability suits, the National Highway Traffic Safety Administration and Congress? Frightened enough to recall cars they might not have in the past,…
courtesy of Ford Motor CompanyIt seems as though the pace of car recalls is still on the rise, and not just from General Motors Co. (NYSE: GM). On Thursday we have seen…
Google Inc.Google Inc. (NASDAQ: GOOG) announced earlier this week on the company’s official blog that it plans to build about a hundred of its prototype driverless cars and begin testing them on…
GoogleGoogle (NASDAQ: GOOG) announced Tuesday that it has begun building prototypes of a fully self-driving car. The search engine giant won’t be offering the new car for sale, at least not yet. These prototypes…
Standard & Poor's examined Tesla's debt and did not like what it saw. It issued a B- rating, which is below the level that categorizes the debt as junk. The assessment may…
Ford Motor Co.U.S. cars sales for May are expected to rise 6.7% to the highest level for any May since 2007. Total sales for the month should hit 1.54 million. Nissan and Chrysler will…
In a week, the auto industry will, company by company, issue data on May sales in the United States. And the disaster that is Volkswagen's sales in America will continue.
Douglas A. McIntyre The months-long effort by Chevy to lure buyers for its Silverado pickup line continued through Memorial Day, with discounts as high as $8,600. Chevy is losing share to its two primary rivals.
