Ford (NYSE: F) recently said its losses in Europe last quarter will be three times expectations. The recession that has spread across Europe is that bad. General Motors (NYSE: GM) will post…
U.S. car companies cannot rely on Europe for profits. As a matter of fact, poor demand has caused losses in the region for General Motors (NYSE: GM) and Ford (NYSE: F). In…
Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ:…
The US Trade Representative has taken its case challenging China’s imposition of an anti-dumping duty on US-made automobiles to the World Trade Organization (WTO). At stake is more than $3 billion in…
Updated throughout the day on the 24/7 Wall St. Wire GM (NYSE: GM) has begun negotiations with Facebook over being to advertise on the social network again (Reuters) Apple (NASDAQ: AAPL) will…
Auto retailer AutoNation Inc. (NYSE: AN) reported this morning that June sales rose 38% compared with June 2011, to 22,862 units. The company sells vehicles made by Ford Motor Co. (NYSE: F),…
Aside from the partial buyout of Chrysler by Fiat, the current auto market should dissuade big manufacturers from moving further into the business. That did not stop Volkswagen from taking over of Porsche,…
Following on the heels of strong results from Ford (NYSE: F) and Chrysler, GM (NYSE: GM) posted impressive sales for June, up 16% over the same month last year to 248,750. GM said…
Douglas A. McIntyre Cars sales may best represent the recovery of the consumer economy. People who can spend $20,000, $30,000 or even $40,000 must have confidence in their prospects. Otherwise, why take on such a…
Douglas A. McIntyre Bob Diamond, CEO of Barclays (NYSE: BCS), quits. (Reuters) Microsoft (NASDAQ: MSFT) takes a $6.2 billion write-off, primarily due to its buyout of aQuantive. (Reuters) The U.S. probe begins on whether Chesapeake…
As auto manufacturers like General Motors (NYSE: GM) and Ford (NYSE: F) anticipate worse losses in the Europe market, their managements and investors continue to look to the crowded China market for…
If Google (NASDAQ: GOOG) is fortunate, its new Nexus 7 tablet will be like a Chrysler automobile. The device is up against Apple (NASDAQ: AAPL), with its General Motors (NYSE: GM) type…
Westport Innovations Inc. (NASDAQ: WPRT) is surging on news this morning that it has signed a second deal with General Motors Co. (NYSE: GM) for the company’s compressed natural gas engines for…
U.S. June car sales should be the best they have been for any month since 2007. That year was just ahead of the sickening drop in volume which accompanied the recession and eventually triggered…
Given the relative scarcity and high cost of rare earth minerals, it’s only natural that companies that currently depend on the stuff would search for substitutes. And if anything is going permanently…
