GM’s (NYSE: GM) bankruptcy was cause by three things, and one of those was labor costs. The car company and the UAW have set a reasonable agreement as they finish contract negotiations…
Douglas A. McIntyre UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters) The head of the World Bank says the global economy has entered a danger zone. (Reuters) General Motors (NYSE: GM) and…
Last week carmaker Toyota Motor Corp. (NYSE: TM) said that it had no plans to introduce an all-electric car into the Chinese market. Unlike both Ford Motor Co. (NYSE: F) and General…
Carol Bartz resigns from Yahoo!’s (NASDAQ: YHOO) board. (Reuters) Lagarde disputes reports of an IMF study that shows a $372 billion capital shortfall among Europe’s banks. (Reuters) Bank of America’s (NYSE: BAC)…
The automobile industry is once again in a period of lowering demand for its vehicles and this may put two years of advances in jeopardy. Last week was a particularly bad week for this industry. Ford (NYSE: F)…
Toyota Motor Corp. (NYSE: TM) rolled out its 2012 model Camry in Japan yesterday. For the Japanese market, the carmaker will sell only the gasoline-electric hybrid. That puts the company on par…
Many economists said U.S. car sales were strong in August and that the improvement was a sign of a better trend in consumer spending. That was hardly true. Sales rose 7.5% to…
Sirius XMSIRIUS XM Radio Inc. (NASDAQ: is supposed to be one of the hotter media companies with its satellite radio dominance. It has a cult following, millions of subscribers, and it charges…
Europe posted anemic GDP growth in the second quarter of 2011, but the continent can still avoid a double-dip recession if European governments could solve a few problems. First is high unemployment…
Foreign oil companies may have to give up natural gas rights in Iraq. (Reuters) Several large pharma firms are in the early stages of an attempt to find new and more effective…
Most companies want to be number one in their markets. Once there, however, they have trouble keeping the top spot for long. They are flanked by smaller, nimbler companies that have better…
Two of the world’s largest car makers have announced a development project that could lead to a gasoline/electric hybrid drive train for light trucks and SUVs by the end of the decade.…
Auto sales now are expected to be well below estimates made earlier this year. They seemed to have recovered in the first half from the sickeningly low rates of 2008 and 2009.…
General Motors (NYSE: GM) will build a Cadillac fueled by electricity. And it will be added to a long line of new electric-powered models that are unlikely to have many buyers. The…
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…
