Automaker Ford Motor Co. (NYSE: F) and the United Auto Workers (UAW) union have reached a tentative agreement on a new contract. The UAW reached a deal with General Motors Co. (NYSE:…
The federal government begins to probe the accounting of several Chinese companies. (Reuters) EU markets to decline more this quarter than in any other since 2008. (Reuters) Bank of America (NYSE: BAC)…
The number of cars and light trucks sold in the U.S. fell 25% over the past five years, from over 16.4 million for the model year beginning September 2005 to 12.4 million…
If the US has an energy policy — a big if — that policy turns on two factors. One, reducing energy imports; and two, reducing environmentally harmful emissions. How the US will…
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…
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…
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin (NYSE: LMT)…
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…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls. Alcatel-Lucent (NYSE: ALU) Maintained Underperform and cut estimates at Credit…
SABMiller makes a hostile bid for Foster’s Group. (Reuters) The Swiss National Bank says the franc is overvalued. (Reuters) News Corp. (NASDAQ: NWS) management under more pressure as a reporter says News…
Saab is one of the major brands that will go under this year. Once owned by GM (NYSE: GM), it has not been able to find financial backers to take it forward.…
Honda (NYSE: HMC) and Toyota (NYSE: TM) had horrible domestic sales in the U.S. in July, mostly because of parts shortages caused by the Japanese earthquake. GM (NYSE: GM) barely hit forecasts,…
GM (NYSE: GM) was supposed to be one of the largest beneficiaries of the recovery of the US car market. It had been through a bankruptcy with federal government aid which helped…
Chrysler is no longer an American-controlled company. Fiat bought the last stake owned by the U.S. government and now has 53% of the equity in the No.3 U.S. car firm. Taxpayers did…
