Toyota (TM) reported a 7.5% increase in profits for the last quarter of 2007. By itself that is an achievement for any car company. The big Japanese firm did indicate that the…
Robert Nardelli, Home Deport (HD) exile and current CEO of Chrysler, may be wishing he stayed in retirement. His new company lead the decline in domestic car sales in January. Chrysler sales…
Ford (F) is considering cutting another 13,000 people. According to The Wall Street Journal, the company intends to make good on its promise to make money in North America, not matter what…
According to Reuters, Meg Whitman is stepping down as CEO of Ebay (EBAY). Reuters writes that GM (GM) said it would rather be a strong No.2 in the global market than a…
According to Reuters, S&P futures are down 5.3%. Reuters writes that Yahoo! (YHOO) plans to cut several hundred jobs. Reuters reports that GM (GM) has unveiled a China-made hybrid. Reuters writes that…
GM chief Rick Wagoner is prepared to work 24 hours a day to continue cutting costs in the US. Even if he has to take them to zero, he will get the…
According to Reuters, IBM (IBM) issued a strong forecast for next year. Reuters writes that Bush and Congress are looking at a $150 billion package to improve the economy. Reuters reports that…
The worst part of the recession cycle is beginning. News from several big sectors like retail, housing, and automotive has already turned bad. In the last two days, Sprint (S) and GM…
It has not been expected, but GM (GM) may have to cut a large number of workers again. The AP reports that the company "is close to an agreement with the United…
According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion. Reuters writes that automakers face big hurdles in 2008. Reuters reports that the $200 billion Kuwait Investment Authority had…
Ford’s (F) new F-150 pick-up has to do well for the car market to have any kind of real comeback in the US. It is the company’s top selling vehicle and has…
Ford (F) is about to release the latest version of its F-150 pick-up. Based on some data, the light truck has been the No.1 selling vehicle in the US for three decades.…
It is easy to look at Tata’s (TTM) new mini-car, which will sell for $2,500 in India, and laugh. It is smaller than the Honda (HMC) Civics which came into the US…
Toyota (TM) says that it sold 9.37 million vehicles in 2007, up 6% from the year before. According to the AP, GM (GM) has not issued numbers for last year, but they…
According to Reuters, Bear Stearns (BSC) replaced its CEO James Cayne who will remain chairman. Reuters writes that the CEO of Best Buy (BBY) sees the retail climate getting tougher. Reuters writes…
