by Joseph Szczesny | Oct 29, 2010
Honda is raising its profit forecast for the current fiscal year – even as the rising yen takes a toll on its current performance. The maker forecasts it will earn 500 billion yen – or $6.2 billion – for the fiscal year ending March 31, 2011, a sharp increase from an...
by Paul A. Eisenstein | Oct 29, 2010
General Electric, the industrial giant that provides the equipment generating a third of the world’s electric power now wants to charge up the electric vehicle market. GE CEO Jeffrey Immelt’s plan to buy “tens of thousands” of battery cars could very well kick-start...
by Paul A. Eisenstein | Oct 29, 2010
Rolling down the entrance ramp and spotting an open space between the trucks clogging up I-65, I stomp on the accelerator of my 2011 Nissan Leaf, watching it race from 60 to 70, 75 to 80, finally peaking just short of 95. All right, I probably didn’t need to move...
by Paul A. Eisenstein | Oct 29, 2010
Toyota secretly repurchased vehicles from consumers when it found their cars had sudden acceleration problems, hoping to hide the defects from federal regulators, the media and the public, claims a revised lawsuit. While it is not entirely uncommon for a maker to...
by Paul A. Eisenstein | Oct 29, 2010
It’s been a busy – and costly – week for Chrysler, which has announced nearly $2 billion in investments aimed at updating an admittedly outdated and problem-plagued line-up. Among the two key spending programs announced in recent days is a $600 million investment in...
by Bryan Laviolette | Oct 29, 2010
The number 5.0 holds a hallowed place in Ford lore. For more 25 years, Ford’s 5.0-liter V-8 powered everything from Thunderbirds to F-150 pickups to Broncos. But most notably, they powered Mustangs. Now, after 16 years in exile, the 5.0 is back. Ford retired the old...
by Paul A. Eisenstein | Oct 29, 2010
All signs point towards the upcoming General Motors IPO, but the planned General Motors stock offering remains shrouded in secrecy. Though GM announced plans to reduce its debt by $11 billion on Wednesday (Click Here for more) chief executive Dan Akerson pointedly...
by Paul A. Eisenstein | Oct 28, 2010
American motorists: (will buy electric vehicles)…(won’t buy electric vehicles)…(don’t even know what electric vehicles are). If that lead seems confusing, don’t worry, a spate of new surveys suggests you’re not alone. Earlier this week, the well-respected J.D. Power...
by Paul A. Eisenstein | Oct 28, 2010
In a series of actions clearly designed to improve the maker’s balance sheet in advance of its planned IPO, General Motors has announced it will reduce debt and improve its pension funding position by a total of $11 billion — reducing annual costs by $500...
by Paul A. Eisenstein | Oct 28, 2010
General Motors has confirmed a report published by TheDetroitBureau.com, yesterday, announcing plans to produce a new, smaller Cadillac model at the maker’s luxury car assembly plant in Lansing, Michigan. The move will require the investment of $190 million and will...
by Paul A. Eisenstein | Oct 28, 2010
Japan’s second-largest automaker, Nissan, is recalling 2.14 million vehicles worldwide due to an ignition switch problem that could lead to engine stalling. The third-largest recall ever for the Yokohama-based maker, the service action involves a broad swath of the...
by Paul A. Eisenstein | Oct 28, 2010
We’re not sure if Harry Yeaggy has a serious case of road rage or just a fixation with films. He definitely does have plenty of money to spare…as he proved by snapping up the original 007 DB5, the Aston Martin coupe used by Bond, James Bond, in the long-running movie...
