The European Central Bank’s members will meet against the backdrop of a pledge by President Mario Draghi to help the finances of the region through the purchase of the sovereign debt of the eurozone’s most…
Douglas A. McIntyre San Bernadino, Calif., will file for Chapter 11 over $1 billion in debt. (Reuters) The Federal Reserve says it may need to help the economy later this year. (Reuters) Toyota Motor Corp.…
New car sales for July in the US have slowed from the solid growth pace of the first six months of the year. General Motors Co. (NYSE: GM) reported sales down by…
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…
GM (NYSE: GM) fired Joel Ewanick, its chief of global marketing. The car company said he “failed to meet expectations the company has for its employees”. The Wall Street Journal reported that…
Industry analysts Baum & Associates have released data on fuel efficiency for new passenger vehicles entering the U.S. in the first half of 2012. The firm found that from January to June…
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…
