China recently was the most attractive car and light truck market in the world. The Asian nation’s vehicle sales are nearly 18 million a year now, ahead of the second-largest market —…
A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
One more foreign car company will take the chance that the Chinese auto market, the world’s largest, will continue to expand. But car sales have not grown in the past year, and signs indicate they…
The market value of General Motors (NYSE: GM) and Volkswagen, two of the largest car companies in the world, rely a great deal on their dominant positions in the Chinese market. That…
The recent news from Chrysler has been almost all good. U.S. sales rose 40% in February, well outdistancing the improvement for most of its rivals. The car maker repaid $7 billion in…
The CEO of Chrysler said he took no pay in 2011 and that, based on financial results, the company is now worth $7.5 billion. (Reuters) The Treasury will sell $6 billion of…
In the latest blow to its vaunted reputation for quality, Toyota Motor Corp. (NYSE: TM) today announced a recall of 682,000 cars and pickups. The company issued a recall of 420,000 Lexus…
Paul Ausick After opening lower this morning on weak data from Europe and Asia, the ISM non-manufacturing index for the US came in better than expected, but it was not enough to swing indexes…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Allstate Corporation (NYSE: ALL) Raised to Buy and $36 target at Argus. Guidewire Software,…
Toyota (NYSE: TM) said its U.S. car sales rose faster than expected in February and that March sales are off to a strong start. Much of the credit, the company said, goes…
Douglas A. McIntyre Anheuser-Busch InBev NV may buy China’s Kingway Brewery Holdings’ assets. (Reuters) The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters) AT&T (NYSE: T) sets new standards that will impose penalties…
The still-sputtering economy which continues to be undermined by high unemployment and low home prices has not arrested a tremendous revival of car sales. In 2008 and 2009, national sales barely averaged 10…
With gasoline prices inching closer to $4 and even $5 a gallon, more Americans will make high gas mileage a priority when they buy their next car. The good news is that…
February car sales in the U.S. will be at multimonth highs and the annual sales run rate will be 14 million. Chrylser has already announced a 40% improvement. That is still well…
The Chinese government over the weekend issued a rule requiring government officials to buy only Chinese-branded cars. The rule is intended to help support the country’s automakers who have seen sales fall…
