Foreclosures fell for the first time in four years, according to research firm Realtytrac. The firm said “Foreclosure filings were reported on 205,024 U.S. properties in December, a decrease of 9 percent from…
Every car manufacturer in the world wants to do well in China–the world’s largest market. But, sales growth there slowed to an improvement of 2.5% to 18.5 cars and light trucks. The…
Douglas A. McIntyre There is still too much spare capacity in the global auto industry. That is, at least, what Fiat and Chrysler CEO Sergio Marchionne believes. He is particularly concerned about the situation in Europe…
A showdown between GM and its German unions may be about to end which would allow the firm’s Europe operation–Opel–to improve its P&L. As part of a deal that would allow the…
Douglas A. McIntyre It is impossible for every company in an industry to gain market share. Yet, almost all of the large car manufacturing executives say that in 2012 they will beat their competition in…
The single greatest mystery of the fourth-quarter 2011 earnings season is why EPS growth will slow despite what is probably the most promising part of the recovery since the recent deep recession.…
Deal makers were busy over the weekend. Strategic considerations were more the driver of activity than an improved economy, however. Lions Gate Entertainment (NYSE: LGF) will buy Summit Entertainment for $400 million,…
http://platform.twitter.com/widgets/hub.1324331373.html The U.S. may start legal proceedings against Swiss financial firm Wegelin & Co. based on beliefs that it helped shield Americans from taxes. (Reuters) The EPA may send fresh water to…
GM (NYSE: GM) disclosed that its posted record sales in China last year. The announcement comes on the heels of similar claims by VW. The two are the largest car companies in…
Douglas A. McIntyre VW would like to catch GM (NYSE: GM) and Toyota (NYSE: TM) has the largest car company in the world. It still has quite a way to go. It sold 5.1 million…
Former Olympus CEO Michael Woodford will sue the troubled company for wrongful dismissal. (Reuters) The International Monetary Fund’s Lagarde says 2012 will not see the end of the euro. (Reuters) MF Global’s trustee…
Several media have reported that BMW has pushed ahead of competitors Mercedes and the Toyota (NYSE: TM) luxury brands to take the No. 1 spot in American sales for 2011. The Germany…
After three different cars burst into flames days after a collision, General Motors Co. (NYSE: GM) has figured out a way to fix the problem with its hybrid gasoline-electric Chevy Volt. In…
Paul Ausick Sales of Toyota (NYSE: TM) cars and light trucks rose only 4% in China last year to 833,000 The largest Japanese car company faced two hurdles in the People’s Republic. The first is…
Markets opened lower today and stayed in negative territory until mid-afternoon. Car makers reported December sales throughout the day, with Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) both…
