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…
Ford Motor Co. (NYSE: F) is crowing this morning. The company claimed that it is the leader in European sales for the month of March, displacing Volkswagen AG for the top spot.…
“Never look over your shoulder. Something might be gaining on you.”–Satchel Page Jack Welsh once said that GE would sell any division of the conglomerate that was not No.1 or No.2 in…
Car sales in China during March rose 63% to 1.26 million according to the China Association of Automobile Manufacturers. US domestic vehicles sales for the same period were 1.07 million. When trucks…
Reuters: British Air and Iberia signed a merger deal. Reuters: US Airways (LCC) and United (UAUA) are in merger talks. Reuters: A Toyota (TM) executive warned about defects in January. Reuters: Geithner…
GM and Chrysler are short about $17 billion in contributions to the pension plans of their workers, or so says the a report from the United States General Accountability Office on the…
Reuters: The Chinese hinted they were ready to let the yuan rise. Reuters: Asian stocks are near a 22 month high. Reuters: Regulators plan to track fast frequency trading. Reuters: FTC may…
The IPO filing by Tesla Motors brings into sharp relief the current battle for hearts and minds between the new electric cars and the traditional gasoline-powered vehicles. US and Japanese carmakers are…
Everyone loves Warren Buffett of Berkshire Hathaway (BRK.B) and the “never be evil” management of Google. Citigroup (C), Goldman Sachs (GS), and the other large firms on Wall St. are among the…
Toyota (TM) found some measure of redemption in the US last month. Its sales rose 43% over March 2009. Its unit sales were nearly the same as those of GM and Ford…
Hyundai has been the star of the domestic car industry for over a year, as it picked up market share with its slick new cars and relatively low prices. Its status was…
The latest sign of the improbable recovery of GM is that it will pay the Treasury back $1 billion. According to The Wall Street Journal, it would be another step to bring…
Douglas A. McIntyre Research firm Trucar expects Toyota (TM) to spend $395 million on incentives this month. The company’s incentive per car will be 37% higher than in February and 47% higher than they was in March…
Edmunds reports that incentives have increased the public’s “intent to purchase” Toyota’s by 40% in March. That may help the Japanese car company some, but its competitors have rolled out incentives as well.…
Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was paid $1…
