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Latest news on ‘Automotive’

  • GM Posts $865 Million Net Income in Push for Offering

    5/17/10

    (Bloomberg) — General Motors Co. reported first- quarter net income of $865 million, helped by higher production and smaller discounts, as the maker of the GMC Terrain and the Chevrolet [...]

  • Daimler To Delist From New York Stock Exchange

    5/14/10

    FRANKFURT (Dow Jones) – German car maker Daimler AG (DAI) said Friday it plans to delist its shares from the New York Stock Exchange, citing consistently low trading volume and [...]

  • Higher April Sales for Ford and G.M.

    5/03/10

    DETROIT — Automakers are entering the heart of the traditional spring selling season with considerably more momentum than a year ago.
    New-vehicle sales in the United States last month were expected [...]

  • S&P raises Ford’s outlook, citing 1Q profit

    4/29/10

    DETROIT (AP) – Standard and Poor’s is upgrading its outlook on Ford Motor Co., citing the automaker’s first-quarter profit.
    S&P says it changed its outlook to positive from stable. It is [...]

  • Toyota agrees to pay fine of $16.4 million, denies hiding gas-pedal defect

    4/19/10

    Toyota Motor Corp. agreed to pay a record $16.4-million fine for hiding safety defects related to sudden acceleration in 2.3-million vehicles Monday but at the same time denied that it [...]

  • Lexus GX 460 rated ‘do not buy,’ Toyota halts sale

    4/14/10

    oyota Motor Corp. has suspended sales of the 2010 Lexus GX 460 after Consumer Reports warned car shoppers not to buy the sport utility vehicle because handling problems could cause [...]

  • GM Generates $1 Billion in Cash After Bankruptcy Exit

    4/07/10

    (Bloomberg) — General Motors Co. generated $1 billion in cash last year after leaving bankruptcy in July as Chief Executive Officer Ed Whitacre cut half of the U.S. brands and [...]

  • Toyota faces civil penalty of $16 million

    4/06/10

    Business Journal – The National Highway Traffic Safety Administration will seek a civil penalty of nearly $16.4 million against Toyota Motor Corp. for failing to notify the agency of a [...]

  • Renault/Nissan to partner with Daimler

    4/05/10

    DETROIT – Renault SA and Nissan Motor Co. are expected to announce a parts-sharing and research alliance with German automaker Daimler AG as early as this week, according to a [...]

  • GM’s March Sales Rose 43%

    4/01/10

    General Motors Co. on Thursday said March sales rose 43%.
    GM said sales of Chevrolet, Cadillac and GMC rose 41%, 42% and 45%, respectively. Buick sales increased 76%. Part of the [...]

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