Admitting that it had overestimated both the market for all-electric vehicles (EVs) and the ability of battery makers to meet consumer requirements, Toyota Motor Corp. (NYSE: TM) announced this morning that it…
U.S. automaker General Motors Co. (NYSE: GM) said today that it is recalling 426,240 U.S. vehicles to fix a problem with the cars’ transmissions. The affected models are Chevrolet Malibu, Pontiac G6…
Paul Ausick The three large American auto firms have to hope that their negotiations with the United Auto Workers will be as easy as the ones they have had with the Canadian Auto Workers. The…
iPhone 5 Sales Forecasts The launch of the Apple Inc. (NASDAQ: AAPL) iPhone 5 began in Asia and has moved toward the United States, where it will be available for sale today. The…
The new Apple Inc. (NASDAQ: AAPL) iPhone 5 brings in long customer lines in Asia. (Reuters) Apple’s map application receives poor reviews. (Reuters) Wal-Mart Stores Inc. (NYSE: WMT) says it will no…
The management of one more car company says it expects huge sales improvements over the next few years. There is hardly a large manufacturer that has not forecast double-digit growth or better in roughly that…
Nike Inc. (NYSE: NKE) will buy back $8 billion in shares. (Reuters) More than 5 million Facebook Inc. (NASDAQ: FB) members are children who have been banned from the social network. (Reuters)…
Car and light truck sales represent a large enough part of the consumer economy to be a reasonable proxy for optimism, pessimism, the desire of people to hold what money they have,…
Douglas A. McIntyre Chinese companies cut costs for items like safety features to bring down production costs. (Reuters) Apple Inc. (NASDAQ: AAPL) sets a record with the sale of two million iPhones in 24 hours.…
GM’s management has done a lot to badly cripple the company recently. Now, with its stock price down at least in part because of poor management decisions, GM wants the government to…
Douglas A. McIntyre Tepid demand in Europe and declining sales in China will stymie growth in the global auto industry in 2013, according to new report from Moody’s. Global demand growth estimates have been cut…
If there is one chief executive who deserves significant accolades in the U.S. auto sector, it is Alan Mulally of Ford Motor Co. (NYSE: F). Now the public is going to have…
Updated throughout the day on the 24/7 Wall St. Wire: General Electric Co. (NYSE: GE) has retained Morgan Stanley (NYSE: MS) to review its $2.2 billion investment in Thailand-based Bank of Ayudhya. (Reuters)…
Three pieces of news came out of the auto industry recently. The first involves the decision of the Canadian Auto Workers union to target Ford Motor Co. (NYSE: F) in its negotiations over…
A government investigation into J.P. Morgan Chase & Co. (NYSE: JPM) focuses on whether its monitoring of illicit money transactions was adequate. (Reuters) The U.S. will initiate a case at the WTO against…
