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…
GM (NYSE: GM) posted very modest sales in December, up only 5% from the same year in 2010. The No.1 US car company reported that total U.S. sales were 234,351 For the year,…
Douglas A. McIntyre The primary reason, it is often argued, that China is an important market for many large U.S. companies is that its population has doubled since the early 1960s. But the whole picture…
Chrysler was supposed to stumble out of Chapter 11. The recovery of General Motors (NYSE: GM) was remarkable. Ford’s (NYSE: F) success was based on its ability to introduce new products quickly because…
Wall St. expects same-store sales for December to rise 4.3%. (Reuters) Returns of holiday online gifts are expect to reach a record. (Reuters) Venezuela says it will pay Exxon Mobil (NYSE: XOM)…
The PMI of the eurozone contracted in December. Official numbers from research firm Markit showed a figure of 46.9 for the final month of the year. A number of 50 marks the line between…
http://platform.twitter.com/widgets/hub.1324331373.html Hyundai and Kia have been the fast growing auto brands for two years now. They offer affordable quality much as Toyota (NYSE: TM) and Honda (NYSE: HMC) have for the last…
