Nissan and Toyota (NYSE: TM), two of Japan’s largest car companies, reported better than expected quarterly earnings and posted solid forecasts. Europe-based Opel, part of General Motors (NYSE: GM), continues to struggle…
The Greeks try to get a financial aid package while some regional leaders say the eurozone does not need the southern European nation. (Reuters) A House committee pushes through plans for a…
Nissan was the latest of the large Japanese car companies to post positive earnings results and strong forecasts for the balance of the year. The news follows Toyota’s which included a forecast that…
GM says that its European operation Opel has lost $18 billion since 1999. This, in the minds of many investors, undermines the profits that GM makes in large markets–particularly the US and…
Douglas A. McIntyre Greece continues to demonstrate that it can teeter almost indefinitely between austerity and the grant of aid packages without a short-term resolution to its sovereign debt crisis. The latest development is that the ruling coalition…
It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because of market…
At about the same time that General Motors (NYSE: GM) ran five ads during the Super Bowl, its management said the world’s largest car company has targeted profits of $10 billion a year for…
Time has finally run out for Greece. The European Union, European Central Bank and International Monetary Fund have said they are tired of waiting to see if Greece can cut is budget again.…
General Motors (NYSE: GM) will target a 10% profit margin over the next several years. (Reuters) Glencore offers an 8% deal to close a buyout of Xstrata. (Reuters) HTC has trouble demonstrating that…
Perhaps it is the fact that all of its plants are back online after the March Japan earthquake, or that US car sales in general are so robust. Toyota (NYSE: TM) forecast…
The country’s largest automobile dealership, AutoNation Inc. (NYSE: AN) reported that January sales rose to 15,966 vehicles, up 7% year-over-year. The sales growth follows yesterday’s reports from General Motors Co. (NYSE: GM),…
A 30-second ad spot in this year’s Super Bowl costs an average of $3.5 million. That’s an 84% increase from 10 years ago and the highest amount advertisers have ever had to…
Car stocks traded mixed the day before the companies release January sales data. The number are expected to be as strong, if not stronger than those at the end of last year.…
The Troubled Asset Relief Program (TARP) doled out more than $700 billion in 2009 and 2010, mostly to aid troubled banks boost their liquidity. More than $500 billion has been repaid, with…
Ford Motor Company (NYSE: F) is getting clocked today after earnings. Some of the news should have been anticipated that Thai floods affected its supply chain in Asia because the company already…
