5:46am ET
Cars and Drivers
GM China Sales Top US For First Time
China is now the largest car market in the world, having moved ahead of the US last year. Most analysts believe that 16 million cars and light trucks will be sold in…
Companies
/Consumer Cyclical
General Motors Company
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GM Coverage
Page 1794:02am ET
Investing
Media Digest 7/2/2010
Reuters: Maria Cantwell (D-WA) will support the Senate financial reform bill, giving Democrats a boost. Reuters: Automakers had a setback in June, an indication that the industry is facing slow growth. Reuters: …
8:38am ET
Investing
Today’s Best Market Rumors (6/29/2010)
Updated throughout the day. “Deutsche Bank AG, Commerzbank AG and Bayerische Landesbank passed a stress test that evaluated how about 25 European lenders would weather an economic downturn, said three people familiar…
Douglas A. McIntyre 5:45am ET
Cars and Drivers
Toyota CEO Apologizes To Shareholders
Toyota Motor (NYSE: TM) CEO Akia Toyoda spent most of the company’s annual meeting today trying to gain back shareholder trust and explain how the Japanese automaker will regain its footing. “I…
4:42am ET
Cars and Drivers
The GM IPO Loses Its Window
There are more rumors that GM will have an IPO before the end of the year. The latest gossip is that the Treasury will sell 20% of its shares in the process,…
Douglas A. McIntyre 6:01am ET
Cars and Drivers
As Toyota And Honda Face More Strikes, Their Market Shares Are Threatened
At the depth of the recession when there was a falling market for new cars, strikes were almost welcome in the US and EU. Most car companies had so much inventory that…
5:06am ET
Banking, finance, and taxes
TARP: A Profit For Taxpayers?
Treasury Secretary Tim Geithner made a number of important observations during his testimony before the Congressional Oversight Committee. The most outstanding of these is how much money from the TARP investment has…
12:58pm ET
Cars and Drivers
What Is GM Worth? $50 Billion
GM is likely to go public within the next three quarters, particularly if the economy avoids a double dip recession. The rumor is that JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE:…
6:40am ET
Cars and Drivers
VW Sales Surge As It Pushes For Spot As World Top Car Company
VW wants to be the world’s No.1 car company, and may reach that goal through its merger with Porsche. The top spot has changed hands in the last two years moving from…
5:15am ET
Cars and Drivers
GM Reverses Itself On Dealer Closings
GM will spare 900 of the nearly 2,000 dealerships it planned to close. That will leave it with 5,000. The revised plan will save GM money. Closing dealerships adds to the company’s…
11:00am ET
Cars and Drivers
Recalls May Hit All-Time Record: GM Brings Back 1.3 Cars
The auto industry is trying to recover from a 2009 when U.S. companies sold only 10 million vehicles, down from 16 million in 2005. In another example of how the large manufacturers…
Douglas A. McIntyre 6:05am ET
Cars and Drivers
GM Returns To The Super Bowl
GM better have that $40 billion IPO this year or early next. It is giving cars to baseball pitchers and putting people and dealers out of work at a torrid pace. It…
Douglas A. McIntyre 5:35am ET
Cars and Drivers
Ford’s Big China Recall
Ford Motor (NYSE: F) has announced that it will recall 236,642 Focus cars in China, one of the largest in the history of the People’s Republic. China is now the world’s largest…
5:57am ET
Cars and Drivers
Auto Sales Probably Took A Sharp Dive In April: Toyota, Ford, And GM Will Fight For No.1 Spot
The incentives that drove March domestic car sales have begun to go away. These were driven primarily by manufacturers who needed to match Toyota’s (NYSE: TM) discounts as it tried to regain market share…
6:00am ET
Cars and Drivers
Misleading Research: Americans Now Prefer American Cars
American cars have now passed their Asian competitors in the quality race among US consumers. The new Associated Press-GfK Poll shows that “38 percent say U.S. cars are best and 33 percent prefer…