Brent crude rises to a three-month high of $114. (Reuters) Standard Chartered may try to settle with the government over money laundering charges. (Reuters) Barnes & Noble Inc. (NYSE: BKS) cuts prices…
The wealthiest Americans are cheapskates, at least as far as their tastes in automobiles goes. Perhaps that is why some rich Americans stay rich. 24/7 Wall St. asked auto trends research firm…
BMW continues to invest in people and technology, even in the face of trouble in its home market of Europe and concerns that the balance of the world’s large economies may have…
Auto industry research firm truecar.com released its sales and incentives forecast for July today, and the company expects the sales forecast to translate to a seasonally adjusted annual rate of new car…
If you buy a new car today, there’s a 78% chance that you’ll keep that car for at least 10 years. The average US marriage lasts less than 9 years. Okay, you…
Auto retailer AutoNation Inc. (NYSE: AN) reported second-quarter earnings this morning that crushed consensus estimates. Adjusted earnings per share (EPS) came in at $0.66 versus a consensus estimate of $0.59. Revenue totaled…
Auto retailer AutoNation Inc. (NYSE: AN) reported this morning that June sales rose 38% compared with June 2011, to 22,862 units. The company sells vehicles made by Ford Motor Co. (NYSE: F),…
Aside from the partial buyout of Chrysler by Fiat, the current auto market should dissuade big manufacturers from moving further into the business. That did not stop Volkswagen from taking over of Porsche,…
U.S. June car sales should be the best they have been for any month since 2007. That year was just ahead of the sickening drop in volume which accompanied the recession and eventually triggered…
In the race for leadership in vehicle quality, American car companies have chased their Japanese rivals for two decades. Data from industry research firm JD Power show that U.S. manufacturers have started…
China’s auto dealers are taking more deliveries of new cars than they can sell. Deliveries totaled 1.28 million vehicles in May, higher than the consensus estimate of 1.22 million and the third…
China’s PMI indicates a considerable slowing of its economy. (Reuters) Senior EC and ECB officials warn that the eurozone is on the brink of a calamity. (Reuters) Problems at Research In Motion (NASDAQ:…
JP Morgan (NYSE: JPM) sells $25 billion in profitable securities to offset its trade debacle. (Reuters) The SEC examines JP Morgan financial reports. (Reuters) Marubeni buys U.S. grain company Gavilon Holdings for $3.6 billion.…
Hyundai, and its sister brand Kia, have had the hottest selling cars in the American market since the recession began. The rational for this is that the South Korean company delivered high-quality…
The World Bank’s new “East Asia and Pacific Economic Update” forecasts that China’s GDP growth will only be 8.2% in 2012, which is a substantial come down for a nation that has grown…
