Saab finally succumbed to its inability to get a car off the assembly line. The company has not produced a car since last April. It declared bankruptcy today. Zhejiang Youngman Lotus Automobile and…
Car sales in Europe fell last month for the first time in five months. It is no wonder. The economy in the region has approached the level of ruin. Most nations in…
Douglas A. McIntyre Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
Shares of US automakers General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) were hit yesterday on the threat of a tariff on cars imported for sale into China. The…
The month of December was the leading month for new car sales in the US in 2010. It was the second leading month in 2009, and the pattern could continue this year…
Toyota (NYSE: TM) cuts its earnings forecast for the next year by 52%. It face a lack of parts from flooded industrial regions of Thailand. The value of the yen has also…
Ford Motor Co. (NYSE: F) has been halted for NEWS PENDING with a last trading price of $10.73. The move was already on the heels of a 3.16% drop today and we…
S&P may downgrade the EU and the largest eurozone banks. (Reuters) France and Germany continue to press new eurozone treaty measures that would help trigger new financing for the region. (Reuters) Japan says…
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a…
The Wall Street Journal reports that Ford (NYSE: F) will begin the hunt for a new CEO. Alan Mulally, the successful chief executive of the No.2 American car company is expected to step down…
Mike Jackson, CEO of AutoNation Inc. (NYSE: AN) was on a CNBC video this morning on the heels of news that the November sales figures were up 21% from a year earlier. The…
Samsung shares rise after its victory in the U.S. against Apple’s (NASDAQ: AAPL) attempt to block its Galaxy tablet from the U.S. market. (Reuters) HSBC data show that China’s PMI slowed considerably. (Reuters)…
A pact to save Europe. France’s president Sarkozy and Germany’s Angela Merkel will try to set a grand pact to save Europe. Germany wants strict adherence to austerity plans in nations that…
Saab, a company virtually bankrupt and and which has not produced a car in months, will be partially owned by and rescued by a large Chinese bank, according to Reuters. Saab’s Dutch owner…
Douglas A. McIntyre GM (NYSE: GM) has had enough problems with its Chevy Volt’s lithium-ion batteries that the National Highway Traffic Safety Administration has opened a formal investigation into fires in several vehicles it has…
