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…
The sovereign debt problem in Europe gets more complex by the hour. The European Central Bank said it may intervene to buy paper issued by nations that are economically weak. This should…
Auto sales reach a two-year high. (Reuters) Tom Glocer, the head of Thomson Reuters (NYSE: TRI), resigns and will be replaced by the COO. (Reuters) The intellectual property battle between Apple (NASDAQ:…
GM (NYSE: GM) said its monthly sales for November rose to 180,402 vehicles. The increase was modest, and perhaps disappointing. GM’s other regional businesses have been troubled. Its OPEL operation in Europe has…
Douglas A. McIntyre The cost for Italy to borrow money rose again, and to an unsustainable level. The nation’s 10-year paper yield increased to 7.56%. The southern European nation cannot cover its deficits for long…
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…
GM (NYSE: GM), stung by NHTSA test results that showed fire risk from test crashes of Chevy Volts, will offer alternative loan cars to customers. Mark Reuss, president, GM North America, said…
Douglas A. McIntyre November car sales are expected to be strong, which would continue a string of good months for the industry, despite a rough economy Research firm Truecar reports that The November 2011 forecast…
It takes little bad news to ruin a new product’s launch, particularly if the product is revolutionary enough to be strange to the public. According to the National Highway Traffic Safety Administration,…
China’s factory activity reaches a 32-month low. (Reuters) Merck (NYSE: MRK) pays $950 million to settle Vioxx charges brought by the government. (Reuters) FCC head wants more examination of the AT&T (NYSE:…
The Obama administration has begun to push the car industry to double the average MPG each company’s fleet gets by 2025. That would push the number to 54.5 MPG, a figure unimaginable…
BMW said its expects double-digit percentage growth in the U.S. in 2012. And Cadillac says it will launch two new models to compete with BMW next year. Both brands have had sales…
Facebook hit by a bug that put porn and graphic violence images onto many pages. (Reuters) Apple (NASDAQ: AAPL) names Walt Disney (NYSE: DIS) CEO Robert Iger to its board. (Reuters) Dell…
Italy and Greece begin efforts to prove that their sovereign debt is safe. (Reuters) Groupon (NASDAQ: GRPN) will make a major holiday effort to drive extra revenue. (Reuters) Appetite for Olympus shares…
The recession and high gas prices have been major forces shaping Americans lives in the past several years. When it comes to the auto market they had a profound impact on our…
