Transportation equipment industry
Automakers in the US saw mixed results in May as soaring gas prices and interest rates impacted sales. Toyota and Honda reported double-digit sales increases, while General Motors saw a 12 percent decline. The industry as a whole saw flat sales compared to May 2005, with trucks and SUVs down
Transportation equipment industry
General Motors has announced the appointment of Troy Clarke as its new president of North American operations, while the Tribune Co. has approved a massive share buyback program worth over $2 billion. Meanwhile, a study has found that nearly 75% of former Bethlehem Steel and LTV Corp. retirees had obtained
Transportation equipment industry
The Dow Jones industrial average eclipsed 11,000 for the first time in over four years, as expectations of stable interest rates and a fresh inflow of retirement investments buoyed the market. Boston Scientific topped Johnson & Johnson's bid for Guidant, the maker of implantable heart devices, and
Transportation equipment industry
General Motors' South Korean division, GM Daewoo, has pulled out of the running to buy the former Daewoo factory in Craiova, Romania, citing no need to own the facility. GM Daewoo's chief executive, Nick Reilly, emphasized the company's interest in securing engine supplies from the
Motors Liquidation Co.
The U.S. index of leading indicators rebounded in October, with September's index revised to a 0.8-percent drop from the initial 0.7 percent estimate. Oil prices have increased due to cold weather forecasts, and the Organization of Petroleum Exporting Countries has announced it will not consider
Motors Liquidation Co.
In the November 21 edition of Schaeffer's S&P 500 Index Hot Stocks, General Motors, Ford Motor, Lockheed Martin, Computer Sciences, and Hewlett-Packard are featured stocks. The report provides a daily list of the top-20 and bottom-20 performing stocks in the S&P 500 Index, along
Transportation equipment industry
The Dow Jones Industrial Average (DJIA) has fallen in the double-digit range, while the Nasdaq Composite (COMP) and the S&P 500 Index (SPX) are losing ground due to unfavorable data. The non-manufacturing index from the Institute for Supply Management (ISM) dropped to 53.3 in September, below the
Transportation equipment industry
Automakers in the United States struggled with weak sales in September, particularly with sport utility vehicles (SUVs), as gas prices skyrocketed following Hurricane Katrina. While Asian brands such as Toyota and Nissan saw sales increases, American carmakers like General Motors and Ford felt the pinch. The downturn in SUV sales
Transportation equipment industry
Delphi Corp. continues to engage in comprehensive restructuring talks with its major unions and General Motors Corp. in a bid to address the company's existing U.S. legacy liabilities and the resulting high-cost structure of its U.S. operations going forward. Despite the ongoing discussions, the company has
Transportation equipment industry
Billionaire investor Kirk Kerkorian's significant investment in General Motors Corp. sent the company's bonds trading up last week, with some analysts hoping that his involvement will inject efficiency into the struggling auto giant. Meanwhile, Calpine Corp.'s bonds plummeted amidst controversy over management and conflicts
Transportation equipment industry
In a recent survey by the American Chamber of Commerce in China, 68% of American companies in China reported profitable or very profitable performances in 2004, with 86% of companies experiencing higher revenues compared to the previous year. The survey, included in the chamber's White Paper 2005, revealed
Transportation equipment industry
As the US carmaker continues to invest in its hybrid technology, General Motors chairman and CEO Rick Wagoner stated that the company expects its new hybrid fuel-saving vehicles to incur losses, but is pushing ahead with development in the belief they will improve its image. Despite low volume and high
