courtesy of General MotorsDespite the launch of a number of new models, Cadillac’s share of luxury car sales in the United States continues to be less than modest, as the sales of…
ThinkstockHSBC China Manufacturing Purchasing Managers’ Index posted a better-than-expected number of 50.9 for December. The manufacturing sector of the People’s Republic is on the mend. At the same time, the Bank of…
Wikimedia CommonsWhatever hope car companies had that economies in Europe might mend in 2013, which would help their fortunes, has disappeared. Sales figures for the region in November tumbled from a year…
thinkstockEuropean leaders say they will take additional steps to end the economic crisis in the region. (Reuters) Softbank puts an upper limit on what Sprint Nextel Corp. (NYSE: S) may pay to…
ThinkstockLess than five years ago, economic Armageddon appeared at the door. Lehman Brothers failed. Merrill Lynch was sold to Bank of America Corp. (NYSE: BAC) and J.P. Morgan Chase & Co. (NYSE:…
ThinkstockU.S. new car sales in November rose 15% year-over-year to a seasonally adjusted annual rate of 15.54 million. Compared with October, sales rose 4.7% to 1.14 million units sold according to data…
courtesy Ford Motor Co.The average price of all cars, light trucks, and SUVs sold in the United States is slightly above $30,000. Read: The 10 Cheapest Cars for Sale But several vehicles…
ThinkstockJapan has fallen into recession, which has been expected for some time. Japan’s Cabinet Office reported that third-quarter gross domestic product contracted 3.5% on a per annum basis. That was worse than…
We noted earlier this morning that U.S. new car sales continue to rise in November, but a few of the usual suspects had not reported sales at the time. But all the…
Nearly half the respondents in a recent study said they would consider getting a mortgage through eBay Inc.’s (NASDAQ: EBAY) PayPal. And one of three would consider a mortgage from Wal-Mart Stores…
Automakers are releasing November U.S. sales figures today and the news continues to look good for most of the companies. Ford Motor Co. (NYSE: F) and Nissan both cruised past analysts’ estimates…
U.S. made luxury cars have become all but extinct, as buyers have deserted the iconic U.S. brands for foreign models from Mercedes-Benz, BMW, Lexus and others. We noted earlier today that the…
The myth of a turnaround of the Cadillac division of General Motors Co. (NYSE: GM) becomes more laughable by the month. The luxury nameplate continues to brag that its new ATS will…
Deloitte and KPMG are sued for their parts in the Hewlett-Packard Co. (NYSE: HPQ) buyout of Autonomy. (Reuters) Samsung launches a Google Inc. (NASDAQ: GOOG) Android-based camera in Japan. (Reuters) Steve Ballmer…
courtesy of General MotorsIn 2011, new car and light truck sales in the U.S. came in at about 13 million units sold. According to TrueCar.com, forecast sales for November put new light…
