This week, electric car maker Tesla Motors cut its revenue forecast and announced it would be selling 5 million shares of stock to raise capital. Some are beginning to question the long-term…
Spain will cut its budget ahead of a possible request for aid. (Reuters) Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters) Procter &…
In 2011, new car and light truck sales in the United States came in at about 13 million units sold. According to TrueCar.com, forecast sales for September put new light vehicle sales…
In rather a statement of the obvious, Volkswagen said today that market conditions in Europe had become noticeably tougher and that they likely would not get better in the near future. However,…
Google Inc. (NASDAQ: GOOG) begins to sell its Nexus 7 tablet in Japan, which puts it into competition with Sony Corp. (NYSE: SNE). (Reuters) Google’s shares trade at a record high. (Reuters)…
Admitting that it had overestimated both the market for all-electric vehicles (EVs) and the ability of battery makers to meet consumer requirements, Toyota Motor Corp. (NYSE: TM) announced this morning that it…
The management of one more car company says it expects huge sales improvements over the next few years. There is hardly a large manufacturer that has not forecast double-digit growth or better in roughly that…
Chinese companies cut costs for items like safety features to bring down production costs. (Reuters) Apple Inc. (NASDAQ: AAPL) sets a record with the sale of two million iPhones in 24 hours.…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. Accenture PLC (NYSE: ACN) reiterated Buy with $74 target at Argus. AK…
A JP Morgan Chase & Co. (NYSE: JPM) analyst speculated that sales of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 could add “between 0.25% and 0.5% to annualized economic growth in the fourth quarter.”…
Ford Motor Co. (NYSE: F) said today that strong demand for the Ford Focus helped drive sales in China in August higher. Ford and its joint ventures in China sold 48,631 vehicles…
Facebook Inc. (NASDAQ: FB) will not sell shares to cover a $2 billion tax bill. (Reuters) Government papers accuse BP PLC (NYSE: BP) of gross negligence in the Deepwater Horizon incident. (Reuters) Nokia…
Ford Motor Co. (NYSE: F) says its Focus is on track to become the best-selling car in the world this year, knocking Toyota Motor Corp.’s (NYSE: TM) Corolla from the top spot.…
In 2011, new car and light truck sales in the U.S. came in at about 13 million units sold. According to TrueCar.com, forecast sales for August put new light vehicle sales at…
General Motors Co.’s (NYSE: GM) reaction to a report that it would idle production of the troubled Chevy Volt was: “We don’t comment on production schedules. We continue to match supply and…
