China became the largest car and light truck market in the world when it passed the U.S. two years ago. This has prompted all of the big auto manufacturers to quicken their…
Chrysler has tried to rebuild its image under the management of Italian car company Fiat. The number three U.S. manufacturer even makes money. The issue that continues to nag the firm is…
Saab is one of the major brands that will go under this year. Once owned by GM (NYSE: GM), it has not been able to find financial backers to take it forward.…
Retail data becomes the focus of Wall St. (Reuters) China locates another 22 fake Apple (NASDAQ: AAPL) stores. (Reuters) The Nikkei drops below the important 9,000 mark. (Reuters) Brent drops below $108…
Risk in Europe continues to drag on global shares. (Reuters) Concerns about how S&P (NYSE: MHP) sets rating bring calls for reform. (Reuters) Rules on CME (NASDAQ: CME) margins move gold lower.…
Goldman Sachs (NYSE: GS) says QE3 was likely after the Fed’s recent comments. (Reuters) HSBC (NYSE: HBC) sells its U.S. credit card business to Capitol One. (Reuters) China not likely to raise…
4.00 PM VIX panic index up 40% to highest level since credit crisis. DJIA closes at lows off 628 which is 5.3%.NYSE trades 2.3 billion shares NASDAQ off 6.9%. S&P down nearly…
When you have a credit rating downgrade of the U.S. followed by a 300+ point drop in the DJIA and another near-100 point drop in the NASDAQ, it is no shock at…
Verizon (NYSE: VZ) faces a strike of 45,000 of its workers. Members of the Communications Workers of America and the International Brotherhood of Electrical Workers walked out because Verizon wants sharp cuts…
Wall St. had its worst sell-off in two years (Reuters) Regulators have begun to tussle over interpretations of the Dodd-Frank financial reform bill (Reuters) LinkedIn (NYSE: LNK) posted strong earnings and a…
General Motors Company (NYSE: GM) is back. That is what the stream of headlines would indicate this morning after the company blew past earnings expectations with a big win. The auto-maker’s earnings…
Honda (NYSE: HMC) and Toyota (NYSE: TM) had horrible domestic sales in the U.S. in July, mostly because of parts shortages caused by the Japanese earthquake. GM (NYSE: GM) barely hit forecasts,…
Toyota (NYSE: TM) is supposed to be a company in trouble. BMW, on the other hand, is the car industry’s darling. But both raised their sales forecasts for the balance of the…
Last week’s announcement on new corporate average fuel economy rules, known as CAFE, got a lot of coverage for its headline number of average fleet mileage of 54.5 miles/gallon by 2025. The…
GM (NYSE: GM) was supposed to be one of the largest beneficiaries of the recovery of the US car market. It had been through a bankruptcy with federal government aid which helped…
