General Motors continues its turnaround by posting a 4.7% increase in sales last month versus last year, bolstered mostly by the 68.6% increase at Saturn and a strong showing from GMC (8.6%) and Pontiac (13.7%). Likewise, Toyota contiues its positive.
Spyker is bankrupt. Old news, actually, it happened in 1926. Spyker Cars, founded in 2000, however, got a little extension on life back in September when it mortgaged the Spyker name for a €12.5 million loan from Friesland Bank. Spyker says the.
If you've got some cash tucked away somewhere not doing anything (and not already invested in AAPL), Jim Cramer said Tuesday that Toyota is his favorite automotive pick. Actually he said, " BUY! BUY! BUY!"Cramer says that while General Motors and For.
The newly minted Chrysler Corp. held its first press conference today and carryover CEO Tom LaSorda made it clear that all of Chrysler's brands will be kept together after the sale to Cerberus Capital Management goes through. Many have been wondering.
After months of speculation, the Chrysler sale happened without too much fanfare on Monday morning, as Cerberus came out as the top bidder, and several potential investors came away empty-handed. One of the few groups vying for control of Chrysler wa.
Two years ago when General Motors embarked on its latest turnaround plan, the company instated a two-year stock trade ban on its top 20 executives. The group included well-known names such as Chief Executive Rick Wagoner, and Vice Chairman of Global.
General Motors' analysts predict that the automaker will sell approximately 9.2 million vehicles worldwide this year. According to Rick Wagoner, over 60-percent of those vehicles will be sold outside the U.S. market. That percentage has already been.
Anyone who knows even a little bit (like I do) about American Specialty Cars is usually fascinated. After all, this is the company behind the Buick GNX, but it's also the company behind the Chevy SSR. Unfortunately, the latter vehicle was the one tha.
Brian from Cheers & Gears, the GM aficionado site, sent us a link to a forum thread that is definitely of interest. Keep in mind that there's no official confirmation of any of this yet, so we're taking it with a grain of salt until we hear it fr.
The good news is that GM posted a profit of $62 million, which is the company's second consecutive quarterly profit. The bad news is that the $62 million represents a 90% decline in profits from the first quarter of 2006, which were $602 million. The.
Chrysler and Toyota gain while GM, Ford fall As you scan the interweb for news of April sales numbers today, be careful. There were two less selling days in April of this year compared to 2006 (24 vs. 26). On account of this, other media outlets are.
It's official, Porsche has submitted an offer to buy the Volkswagen group. Unless you've been living in a cave, you probably already know that the erstwhile sportscar manufacturer is more profitable than the megalithic auto consortium, with all its s.
When possible, we like to cross-reference stories with other news sources before we report on them, and we've found this to be even more important when the topic at hand is hard data. When we came across a Reuters' story proclaiming that GM CEO Rick.
In recent years, Mitsubishi's cross-town counterparts, Honda and Toyota, have been racking up record sales and profits, with the former showing steady growth, while the latter is taking over the world. Unfortunately, the tri-diamond folks haven't bee.
On slightly higher revenue, and with cost-cutting moves well underway, Ford Motor Co. posted a much smaller loss in Q1 of 2007 than for the same period in 2006. This year's net loss was a still-substantial $282 million, but compared with a loss of $1.
With the first quarter of 2007 in the books, Toyota has emerged as the world's top auto seller -- for the time being, at least. The Japanese giant beat GM on the global level for the first time ever, selling 2.348 million cars to the General's 2.26 m.
We knew that the new GM global small car platform was important to the embattled carmaker, but now we know just how valuable GM thinks it is. The new Gamma is apparently worth quite a bit to the future of GM -- $3.2 billion to be exact. That's how mu.
Last week we told you that DaimlerChrysler's Rüdiger Grube was heading to New York to visit with potential suitors for the Chrysler Group. And it appears he was a man on a mission. It seems that a close source has told news outlets that a sale could.
We just reported that a group of Chrysler employees in Toledo are crafting a proposal that would have the automaker's 50,000 UAW workers buy a controlling stake in the automaker. The proposed worker buyout offer is already stirring up a reaction amon.
The Detroit News is reporting that a group of 25 Chrysler employees in Toledo have formed a group called the "Employee Buyout Committee" and are actively exploring the necessary steps required to see the fate of Chrysler end up in the hands of its em.
It seems that the FIA wanted it to go un-noticed, but the motorsport governing authority has let Turkey get away without even paying the slap on the wrist they imposed in the first place. For those who may not recall, at last year's Turkish Grand Pri.
Is Volkswagen about to shed some supercars from its stable? It could be the case, if statements by Porsche boss/VW supervisory board member, Wendelin Wiedeking, are taken seriously. When asked about the future Bugatti and Lamborghini within the Volks.
Winding Road is reporting that a recent change in Japan's anti-trust regulations might mean that Toyota has a clear shot at acquiring a controlling interest in Fujji Heavy Industries, the parent company of Subaru. Lest you think this might be some pi.
Now here's a story that won't take many Europeans by surprise. Just as GM, Chrysler and Ford get knocked for selling tons of vehicles to rental fleets in the States, BMW and Audi do basically the same thing in Europe. In fact, those two German firms.
"I'm gonna pay for that." That's what Alan Mulally said after beginning the now infamous "President Bush almost blew himself up" anecdote in his keynote speech to kick offf the 2007 New York Auto Show last week (video above). Truer words were never s.