The CEO of Italy’s Fiat SpA, Sergio Marchionne, said earlier today that his company was going to scrap its five-year plan running through 2014, calling it “nonsense because the market won’t be…
Paul Ausick While most of the car industry’s attention has been turned to the drop in Japanese car sales in China, there is increasing evidence that manufacturers that do business in Europe will suffer very…
The territorial dispute between Japan and China over a set of islands continues to hurt Japanese automakers. Their sales in China dwindled in September as trade between the two countries has faltered.…
The Nikkei newspaper reports that Japan’s big three car makers have cut production for China by half as the two countries remain at odds over ownership of a few small islands. Toyota Motor Corp. (NYSE: TM), Honda…
A Single Eurozone Budget A consensus has begun to emerge that there be one budget for the entire eurozone. The region’s finance ministers will meet shortly. However, it is difficult to imagine…
The World Bank cuts forecasts for East Asian gross domestic product and warns on China’s growth. (Reuters) BAE’s largest shareholder disapproves of a merger with EADS. (Reuters) The idea of a single…
In response to rumors that it may be in talks with Fiat again, General Motors Co. (NYSE: GM) reiterated today that its European Opel brand is not for sale. An Italian newspaper…
Trey Thoelcke In among the September car and light truck successes of Chrysler, Honda Motor Co. Ltd. (NYSE: HMC) and Toyota Motor Corp. (NYSE: TM), and the disappointing results of General Motors Co. (NYSE:…
Toyota (NYSE: TM), its U.S. sales damaged by recalls and an earthquake which hampered its production roared by in sales last month. Sales of the company, which was once No.2 in American market…
Jon OggThe Value Investing Congress often generates some stock-moving buzz around shares as some of the key money managers and hedge fund managers get to present their case for why they see…
The real trouble for U.S. companies that operate abroad is supposedly sales in the European Union. Legions of public corporations with significant portions of their revenue from the region will report that a slow…
The three major U.S. stock indexes opened higher this morning as markets shook off weak news from Europe in favor of better news from Asia. In Europe, German unemployment stayed at 8.6%…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday. Altera Corp. (NASDAQ: ALTR) cut to Hold at Jefferies. ArcelorMittal (NYSE: MT) cut…
In 2011, new car and light truck sales in the United States came in at about 13 million units sold. According to TrueCar.com, forecast sales for September put new light vehicle sales…
In rather a statement of the obvious, Volkswagen said today that market conditions in Europe had become noticeably tougher and that they likely would not get better in the near future. However,…
