Caterpillar (NYSE: CAT) faces a relatively small strike at its Joliet, Ill., plant. The members of the International Association of Machinists and Aerospace Workers will walk out when their six-year contract expires. The strike…
Higher revenues and profits in its North American region boosted first-quarter results at Ford Motor Co. (NYSE: F). The company posted EPS of $0.18, well above the consensus estimate of $0.08, on…
Markets are lifted by Fed comments that the economy is recovering and that it will keep rates low. (Reuters) Chrysler posts its best earnings since being partially taken over by Fiat. (Reuters)…
A year ago, most car company analysts believed that the key to big profits for large manufacturers was an abundance of overseas sales. That has turned out to be untrue for now. Chrysler…
Auto industry research firm truecar.com released its sales and incentives forecast for April today, and the company expects the sales forecast to translate to a seasonally adjusted annual rate of new car…
The largest car dealership in the US, AutoNation Inc. (NYSE: AN) reported earnings this morning for the first quarter. The company posted EPS of $0.56, an all-time high, on revenue of $3.7…
Ford Motor Co. (NYSE: F) is getting its reward for dodging bankruptcy during the financial crisis, something that its US rivals General Motors Co. (NYSE: GM) and Chrysler were not able to…
The important Auto China 2012 show has allowed many large manufacturers to increase their commitment to the People’s Republic. It is the world’s largest market for cars and light trucks, with sales…
Facebook reports that its revenue grew to more than $1 billion and its membership to 900 million. (Reuters) Microsoft (NASDAQ: MSFT) sells some of the patents it bought from AOL (NYSE: AOL)…
The important Auto China 2012 show has allowed many large manufacturers to increase their commitment the People’s Republic. This is based on the fact that it is the world’s largest market for…
Car sales by gender in 2011 pretty much reflect what you’d expect. Men prefer fast cars and big SUVs and pickup trucks. Women favor smaller, more fuel efficient vehicles. Men buy 92.5%…
The amount the International Monetary Fund can raise, primarily to help to create a sovereign firewall for Europe, stands at $320 billion. Although, several nations have said they will help push the…
Ford (NYSE: F) plans to increase it production facilities and dealer outlets in China two-fold by 2015. The No. 2 US car firm said it would build a $760 million auto assembly…
Consumer tastes are changing at a greater rate than ever before. Not surprisingly, the purchasing habits of the youngest generation present the most dramatic shifts — a reflection of what they find…
Charles B. Stockdale BP (NYSE: BP) wants a trial over the Deepwater Horizon delayed while it tries to get a settlement. (Reuters) The International Monetary Fund receives $320 billion in new funds that could be…
