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…
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…
