Reuters: The Treasury says the TARP loss will be $200 billion less than expected. Reuters: Cadbury (NYSE:CBY) will respond to the Kraft (NYSE:KFT) offer on the 14th of December. Reuters: Five AIG…
The head of Toyota (NYSE:TM) recently said that a recall of four million cars with floor mat problems would not hurt company profits anywhere near as much as a surging yen and…
Markets in Asia were mixed. The Nikkei was up .4% to 10,023. Honda (NYSE:HMC) and Sony (NYSE:SNE) rose but Toyota (NYSE:TM) dropped. The Hang Seng fell .3% to 22,495. Sinopec (NYSE:SNP) fell.…
The big news about November car sales is that Chrysler continues to lose market share at a remarkable and unsustainable rate. Edmunds predicts that Chrysler sales will drop 35% from the same month…
The Japanese government is getting nervous, by most accounts of the financial media. The yen as hit a level where Japan’s big exporters may post large earnings losses this year in the…
Reuters: Saab’s failure to be bought shows that Chinese companies are having trouble moving into Western markets through M&A. Reuters: AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between them. Reuters: …
Markets in Asia were higher. The Nikkei rose .4% to 9,442. Mitsubishi UFJ (NYSE:MTU) was down. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) rose. The Hang Seng was up .7% to 22,590.…
Car sales may slip over the next few months, but not every company will be affected equally. New research from ChangeWave shows that the bankruptcy and turmoil around GM and Chrysler is…
By Douglas A. McIntyre A new 2010 Chrysler with $4,000 cash back? Large incentive programs for new cars are usually set up to help dealers dump inventory they cannot sell or clear…
24/7 Wall St. looked at a very large number of Nascar crashes to assess which were the most expensive. The crashes reviewed occurred between 2002 and the present. A Fox Sports analysis estimates…
Markets in Asis were mixed. The Nikkei fell 1.3% to 9,549. Mitsubishi UFJ (NYSE:MTU) fell. Honda (NYSE:HMC) and Toyota (NYSE:TM) fell. Sony (NYSE:SNE) was also off. The Hang Seng dropped 1% to…
The Insurance Institute for Highway Safety came out with its annual list of safest cars. Ford (NYSE:F) and its Volvo unit got six awards, VW and Subaru each got five. Chrysler had…
The restructuring of the American car business is still a work in progress. Chrysler laid people off as late as last month. The industry fired tens of thousands of people during 2008…
Douglas A. McIntyre Toyota (NYSE:TM) did not keep its top spot as the world’s largest car company for very long. It held the crown for about a year. Industry statistics show the new VW-Porsche combination has…
Almost no one expected any of the world’s largest car companies to make money this year. Sales around the globe are simply down too much and efforts to cut costs have not…
