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…
The Volkswagen Group posted first half earnings. Despite trouble with European sales, the figures were impressive and show that VW may top General Motors (NYSE: GM) and Toyota (NYSE: TM) in global…
A senior economist at Citigroup, Willem Buiter, wrote a report in which he argues that there is a 90% chance that Greece will leave the eurozone over the next year to year-and-a-half.…
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,…
Some products sell well when first introduced. Many more fail miserably. Very few of them sell so well that they fundamentally impact American culture. This is 24/7 Wall St.’s list of 10…
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…
Given the relative scarcity and high cost of rare earth minerals, it’s only natural that companies that currently depend on the stuff would search for substitutes. And if anything is going permanently…
AB InBev (NYSE: BUD) may buy the part of Modelo it does not already own. (Reuters) Samsung expects a rise in Q2 handset sales. (Reuters) Research In Motion (NASDAQ: RIMM) may split into two companies.…
General Motors Co. (NYSE: GM) today issued a recall of more than 475,000 Chevrolet Cruze sedans to correct a problem that could lead to fires in the car’s engine compartment. The recall…
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…
Automaker Ford Motor Co. (NYSE: F) today released its annual sustainability report, claiming a 22% reduction in energy used to build cars over the past 6 years and a plan to cut…
General Motors (NYSE: GM) lost $747 million, before interest and taxes, in Europe in 2011 and has lost $15.6 billion since 1999, the last year GM made money in the region. The big…
