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…
ThinkstockAs the year comes to a close, the speculation about which of the three largest car companies will be number one in global sales has started. Toyota Motor Corp. (NYSE: TM), Volkswagen…
courtesy of General MotorsLess than two weeks ago, a possible sale of Ally Financial Inc.’s international auto lending business to General Motors Co. (NYSE: GM) was just a rumor. Late Wednesday, when…
Paul Ausick courtesy Ford Motor Co.In July of this year, Ford Motor Co. (NYSE: F) announced the beginning of production at its plant in Craiova, Romania, after spending more than €500 million to retool…
courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) and its partners in a Chinese engine plant will invest an additional $37.3 million to expand the plant’s capacity. Mazda Motor Corp. and Chongqing…
courtesy of Ford Motor CompanyFord Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) both face challenges as 2012 closes that they did not face at the start of the year.…
courtesy Ford Motor Co.Ford Motor Co. (NYSE: F) and General Electric Co. (NYSE: GE) today announced that GE will purchase 2,000 of Ford’s C-Max Energi plug-in hybrids for GE’s fleet. The purchase…
Mark Hirschey / Wikimedia CommonsBerkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings. Many changes had been made in the June quarter…
thinkstockAdvanced Micro Devices Inc. (NYSE: AMD) has hired J.P. Morgan Chase & Co. (NYSE: JPM) to explore options, which may include the firm’s sale. (Reuters) Federal Reserve Vice Chair Janet Yellen says…
ThinkstockThe 2010 Toyota Corolla is the most reliable car sold in the United States, according to a report released today. The car requires fewer repairs than any other car — 2002 model…
ThinkstockIn an exclusive report published late Friday, Reuters said that Ally Financial Inc. is near a deal to sell its automobile financing operations in Europe and Latin America for a price of…
Paul Ausick Courtesy of The Washington Post CompanyGroupon Inc. (NASDAQ: GRPN) is in increasing trouble as its business falls. (Reuters) Wal-Mart Stores Inc. (NYSE: WMT) employees will pay more for their medical coverage, and…
