Howard Schultz, the ambitious founder and CEO of Starbucks, believes the coffee company can have a market value of $100 billion, about twice its current level. The goal is ambitious, but Schultz…
Ford Motor Co.General Motors Co. (NYSE: GM) announced on Wednesday that it plans to have annual production of its Ecotec small-displacement engines ramped up to 2.5 million a year by 2017. How…
BMW reported fourth-quarter and full-year 2013 results Wednesday morning. The maker of luxury, ultra-luxury and Mini cars reported that it sold 1.96 million vehicles in 2013, up 6.4% compared with the prior…
A Tuesday evening report from CNN cites an anonymous source who said that the U.S. Department of Justice and Toyota have reached a settlement in the criminal investigation of the sudden acceleration…
courtesy of General MotorsSomeone is always to blame when there is a big blunder, a huge mistake in business, or in politics or the military. The rule for blame is that, if…
Douglas A. McIntyre After years of trouble in Europe, General Motors has finally gotten some relief as sales of its cars and light truck rose in the region during February. It is better than the…
General Motors announced new recalls of 1.5 million cars on Monday, including SUVs, vans and Cadillacs, for defective airbags, brake parts and other problems.That was dded to the 1.6 million small cars…
Just when investors in General Motors thought they might have seen the last of automobile recalls for a while, the company announced Monday that it is recalling an additional 1.55 million vehicles.
Paul Ausick courtesy of Fiat SpAChrysler Group has issued a recall notice for 18,092 model year 2014 Fiat 500L vehicles to repair a defect that may have a delayed effect or no effect at…
courtesy of FordThe film “Need for Speed” posted poor first weekend ticket sales of just $17.8 million, which was a disappointment given the huge public relations and marketing effort put into the…
Ferrari SpAAuto dealer inventories are at five-year highs. The most important effect of this for consumers is that dealers and car companies will soon open up another aggressive round of discounts and attractive…
Auto dealers in New York failed last April to get a state court to reverse a ruling by the state's motor vehicle department approving the direct sale of its cars by Tesla…
ThinkstockCar inventories have reached a level last posted toward the end of the recession, hitting a five-year high. The average car currently spends more than 60 days on the lot. This trouble…
ThinkstockOne of the contributors to the rise in sales of cars and light trucks in the United States has to be the extremely attractive financial packages that automakers offer. Among these is…
GM has been taking it on the chin over its recalls. With congressional inquiries and investigations picking up, this sounds like it is really bad news. But the impact on the stock…
Jon C. Ogg 