Malaysia's national carmaker Proton reported a stronger-than-expected quarterly profit and said Thursday it is still keen on foreign partnerships amid renewed interest from General Motors Corp.
Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material costs, a slowing U.S. market and soaring gas prices.
General Motors Corp said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive market.
SHAH ALAM, Malaysia (AP) - Malaysia's national carmaker Proton reported a stronger-than-expected quarterly profit and said Thursday it is still keen on foreign partnerships amid renewed interest from General Motors Corp.
Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of hybrid and electric cars as their popularity grows.
General Motors Corp said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive market.
MUMBAI (Reuters) - General Motors Corp on Thursday said it would invest more than $200 million initially in a powertrain plant in India, as the troubled carmaker aims to double its share of a fast-growing but increasingly competitive market.
TOKYO (AP) - Japan's top three automakers said global production in July rose to records for that month, highlighting solid growth riding on their reputation for fuel-efficient models amid soaring gasoline prices.
With the U.S. auto market increasingly focused on practicality and fuel-efficiency, Chrysler LLC announced Wednesday it was entertaining offers for its Dodge Viper sports car.
I consider the greatest economist of the last century to be Joseph Schumpeter, whose theory of creative destruction has implicitly underpinned the dynamism of US capitalism, at least until now. Suddenly, politicians are intervening to decide which companies are too big to fail, and stifling a necessary reallocation of capital and clearing of economic deadwood.
It is essential and healthy that dysfunctional and undercapitalized investment banks go bust, or that a dinosaur like GM (GM) faces Chapter 11, painful though those events would prove for many ordinary investors and employees. The system as a whole benefits from the...
You write a lot in your stock book about Value Line and how much you respect their opinion. Yet, you say you like General Motors (GM) below $10. Value Line hates it. What gives?
Liking General Motors below $10 doesn't mean I'm buying yet. What I've written to subscribers and mentioned in interviews is that The Kelly Letter is watching to buy the stock below $10. Our line in the sand is actually $8.
Over at GM, two Gulf Arab investors seem to have expressed their interest in buying General Motors’ (GM) Hummer brand:
“For sure, there has been interest from various parties within the Gulf … there is a precedent in the cases of Aston Martin, Ferrari or Daimler, and those kinds of solutions could be very realistic solutions,” GM Middle East Managing Director Terry Johnsson said on Tuesday in a telephone interview with Reuters.
Freddie sells $2B in debt, eases bailout worries. Freddie Mac (FRE) easily sold $2B in short-term debt on Monday, providing welcome reassurance to investors worried about Freddie Mac and Fannie Mae's (FNM) ability to fund operations without government help. Freddie's stock jumped 17% to $3.29, and Fannie gained a more modest 3.8% to $5.19. Both companies currently meet regulatory capital requirements and are rolling over their debt on schedule, and Fannie Mae is due to sell $2B in bills tomorrow.
In previous posts we've written about the prospects for natursal gas [NG] powered vehicles, and their potential to reduce America's reliance on imported crude oil and increasingly expensive gasoline and diesel fuel.
Currently there are only about 150,000 CNG (compressed natural gas) cars and trucks operating in the U.S. out of some 5 million worldwide, mostly in public vehicle fleets. Unlike the radical new electrics, they work on simple, decades-old technology. Moreover, existing vehicles can easily be converted to run on CNG as well.
Since the current bear market began back on October 9th, 2007, the Russell 1,000 is down about 18%. Of the stocks in the index, 8.5% are down more than 50%, while 25% are actually up since then.
Below we highlight the 25 best and worst performing stocks in the Russell 1,000 during the current bear market. As shown, Fannie (FNM) and Freddie (FRE) top the list of losers, falling from the mid-60s down to $5 and $2.81 respectively. Washington Mutual (WM) is down the third most at -89%. ...
In 2007 we wrote how food companies, in an effort to "trick" the masses, were keeping prices flat while reducing the size of their boxes. (No inflation that way, right?) Now from the Wall Street Journal, we see the next iteration of that - wholesale substitution or elimination of ingredients (once again, no inflation).
This is yet another reason to simply mock the "inflation" figures - a lot of trickery is being done behind the scenes to make a bad problem look a lot better than it is. Implications: inflation is real and under reported. You (the...
American customer satisfaction declined in the second quarter of 2008 and continues on a bumpy path with no momentum, according to(pdf file) the American Customer Satisfaction Index [ACSI] from the University of Michigan’s National Quality Research Center.
After a small uptick last quarter, ACSI slipped 0.1% to 75.1 on a 100-point scale. These results suggest that consumer spending will remain weak with no more than 2.3% growth in the third quarter.
NEW DELHI - ( Dow Jones ) - General Motors Corp . ( GM ) will invest more $200 million in India to build its first plant for car engines as the US automaker expands its manufacturing facilities ...
MUMBAI , Aug 28 ( Reuters ) - General Motors Corp plans to launch a new small car in India in the second half of 2009 , but has no plans to take on Tata Motor's low - cost Nano , its India head ...
SEOUL - ( Dow Jones ) - Workers at GM Daewoo Auto & Technology Co . , the South Korean unit of General Motors Corp . ( GM ) , have rejected a wage deal that union leaders had negotiated with ...
He took it to work during the week , picked up groce ries and loaded up the back with bags of soil at the garden store.When his infant son was fussy , Albert drove the newborn around the block ...
Aug . 27 ( Bloomberg ) - - Chrysler LLC , now studying a sale of its Viper sports - car business , is following General Motors Corp . and Ford Motor Co . in looking to shed specialty vehicles ...
MADRID ( Reuters ) - General Motors ( GM.N : Quote , Profile , Research , Stock Buzz ) will trim production at its Figueralas plant in Zaragoza in eastern Spain due to the slowdown in its main ...
PORTLAND , Ore . , Aug 26 , 2008 / PRNewswire via COMTEX / - - Bio - Reaction Industries is pleased to announce the addition of long time General Motors ( GM ) executive David Skiven as the newest ...
Aug . 26 ( Bloomberg ) - - US stock - index futures rose after oil dropped below $113 a barrel , overshadowing concern reports today may show the housing slump is worsening.General Motors Corp ...
DUBAI ( Reuters ) - General Motors Corp ( GM ) has received interest from two separate investors from the Gulf Arab region to buy its Hummer brand , the company's Middle East chief told Reuters ...
Who says America can ' t build a supercar ?You wouldn ' t if you drove this insanely great Vetteby Thane PetersonThe new Corvette ZR1 is already the stuff of legend.Developed as an ad hoc skunkworks ...
Toyota Motor Corp. Thursday cut its global-sales target for next year by 6.7%, as higher gasoline prices and the slowing economy hurt demand in the U.S., its largest market, media reports say.
NEW DELHI (MarketWatch) -- General Motors Corp. will invest more $200 million to build a new plant for car engines in India, its local unit said Thursday. The factory, which will be located at Talegaon, in the western state of Maharashtra, will have an annual production capacity of 160,000 engines, which can be expanded to 300,000 engines, General Motors India Pvt. Ltd. said in a statement. GM signed a pact with the Maharashtra state government to build the new factory.
Chrysler says its considering selling the flashiest model in its vehicle lineup, in what?s becoming a trend in Detroit these days with the market now wedded to practicality.
Ford Motor Co. announces it will spend $75 million to convert its Michigan Truck plant into a facility that will roll out smaller cars as part of the automaker's plans to shift production to more in-demand fuel-efficient vehicles.
SEOUL (MarketWatch) -- GM Daewoo Auto & Technology Co., the South Korean unit of General Motors Corp. , has reached a tentative wage deal with its labor union that could bring a series of partial strikes to an end. The union has accepted an offer of a 6% monthly wage increase, or an average of KRW82,000 ($76) a month, the company said. Also, GM Daewoo will pay workers a two-month salary bonus and a lump-sum of KRW2.2 million ($2,038) designed to encourage them to boost productivity.
Among the companies whose shares are expected to see active trade in Monday's session are AMD, China Sunergy, Formula Systems, Gilat Satellite, Grey Wolf, Lehman, NicOx, and Pfizer.
Among the companies whose shares are expected to see active trade in Monday's session are Freddie Mac, American International Group Inc. and Sears Holdings Corp.
SAN FRANCISCO (MarketWatch) -- The Big Three automakers and U.S. auto-parts makers will seek double the amount of government loans they originally requested to help them build more fuel-efficient vehicles, Bloomberg reported Friday, citing sources close to the matter. General Motors Corp. , Ford Motor Co. , Chrysler LLC and auto-parts makers will ask for $50 billion in loans, $25 billion more than approved in last year's energy bill, according to the news agency.
Think you can make a killing in the foreclosure market? You'd be hard pressed to find better bargains than in Detroit. The Motor City gives new meaning to an upside-down housing market. If the banks were smart, a reach I grant you, they'd bypass the brokers and unload these beauties at Dollar Tree or The 99 Cents Only Stores .
Wall Street waits for Big Ben's speech from Jackson Hole. A Madison Avenue guru thinks Jerry Seinfeld could help Microsoft shake its stodgy image. And it's nothing to Snickers at! Yet another candy maker hikes prices.
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Over at GM, two Gulf Arab investors seem to have expressed their interest in buying General Motors’ (GM) Hummer brand:
Hickey and Walters (
