“If gasoline tops $4.00 per gallon in the coming weeks, consumers may be forced to make significant changes to their spending habits. At this stage of the recovery, that could be an…
History could be about to repeat itself. In 2008, gasoline prices moved above $3/gallon and sales of gas-guzzling SUVs, pickups, and some cars plummeted. With gasoline prices moving inexorably toward $4/gallon today,…
The sales of Toyota (NYSE: TM) cars and light trucks rose 42% in February to a total of 141,826. Toyota sold nearly as many cars last month as Ford Motor (NYSE: F)…
Yahoo! (NASDAQ: YHOO) is in talks to sell its part of a Japanese joint venture for $8 billion. (Reuters) Apple (NASDAQ: AAPL) will release its iPad 2 today. (Reuters) The SEC charged…
There is a car price war about to take place in the US. It will be driven by the large number of new models which have begun to be released, the high…
Brent crude rose $6 to $113 on worries about Middle East contagion. (Reuters) GM (NYSE: GM) is likely to post its first annual profit since 2004. (Reuters) An effort by shareholders to…
A new forecast shows that car sales will drop in February from January when measured by the Seasonally Adjusted Annualized Rate. The February number will translate into an SAAR of 12.5 million cars…
Negative press about Chevron (NYSE: CVX) has reached a boiling point after news that the oil company had been hit with a $9.5 billion ruling by an Ecuador count. The penalty comes…
Tony Bennett may have left his heart in San Francisco. Twitter may swipe everything else. Officials in San Francisco last week approved a 6-year exemption from what the San Francisco Chronicle dubbed…
Douglas A. McIntyre GM (NYSE: GM) workers will probably get about $3,000 in profit-sharing for 2010. The reward would cover 53,000 union members who are also hourly workers. The program is part of a plan…
Toyota Motor (NYSE: TM) posted mediocre results for its fiscal third quarter which ended on December 31, and the nine months which ended on the same day. The world’s largest car company…
Regulators will push to keep Wall St. firms from side stepping regulations on financial firm pay. (Reuters) Toyota Motor’s (NYSE: TM) fiscal third quarter profits fell but it increased it forecast for…
BP plc (NYSE: BP) may face US charges that it manipulated gas prices. (Reuters) Roche said that regulations in the US could harms its results. (Reuters) Borders Group (NYSE: BGP) may file…
US domestic vehicle sales reached a a 27-year low in 2009 when only 10.4 million units were sold. The figure for 2005 was 16.94 million, a period of unusual prosperity. In other…
Companies locked in a struggle to remain viable and maintain their profits and sales sometimes begin to run out of customers. This happened to GM (NYSE: GM), which had a 50% share…