General Motors stock hit a more than 50 year low last week. Now, industry analysts say the automaker has to make some major changes. Insiders expect GM will lay off more white collar workers, they also say GM could get rid of some of it’s brands like Buick or SABB.
There is rising fear right here [...]
Auto repair workers of the 1920s pose alongside a vintage tow truck at 1615 J St., the modern-day home of Lucca Restaurant. Spacious midtown sites built as garages and showrooms are now pulling in diners.
Across midtown Sacramento, eateries are opening in buildings that originally served up more carburetors than carpaccio, more brake jobs than breakfast [...]
SEOUL, June 4 (Reuters) - Hyundai Motor Co (005380.KS: Quote, Profile, Research) said on Wednesday it is targeting growth of more than 35 percent in sales of passenger cars in Russia this year as it plans to launch new models.
Hyundai, the world’s No.6 auto maker along with its affiliate Kia Motors Corp (000270.KS: Quote, Profile, [...]
U.S. auto sales failed to gain traction in May, with General Motors (GM - Cramer’s Take - Stockpickr) and Ford (F - Cramer’s Take - Stockpickr) reporting hefty declines for the month.
GM, the nation’s No. 1 auto seller, said auto sales fell a greater-than-expected 30% in May to 272,363 vehicles. Truck and SUV sales dropped [...]
The hike in petrol, diesel prices will fuel a slowdown in the auto industry in the short-term, feel car majors like Maruti, Hyundai and Honda. And, it may spell good news for consumers in terms of lower prices and greater discounts from car makers, who will try to offset the negative impact on the industry, [...]
said Tuesday its May U.S. sales rose, as a shift in consumer demand toward more fuel efficient vehicles boosted its car sales.
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Honda sold a total of 167,997 in May, up 15.6 percent from 145,367 in the same month last year. Adjusted for one additional selling day in the recent month compared with [...]
China’s fast-rising auto makers, enjoying spectacular growth in domestic and emerging markets, Auto Sales are postponing their ambitions in North America as they focus on easier markets in the near term.
The biggest Chinese auto makers, which had earlier signalled that they might enter North America as early as next year, are now admitting that they [...]
HANOI, April 7 (Reuters) - Auto sales in Vietnam nearly
tripled in the first three months of 2008 from the same period
last year, the Vietnam Automobile Manufacturers Association said
on Monday, even though the country’s economy has slowed.
Sales by 16 car makers jumped 180 percent to 34,095 cars in
the January to [...]
SHANGHAI, April 2 (Reuters) - FAW Car 000800.SZ, a unit of
Chinese auto maker FAW Group Corp, said on Wednesday it planned
to invest 2.1 billion yuan ($300 million) in three projects to
boost its capacity and competitiveness.
FAW Car will spend 1.4 billion yuan to revamp its assembly
lines to produce Mazda Motor [...]
By Saeed Azhar
KUALA LUMPUR (Reuters) - Malaysian autos-to-energy group UMW hopes to sell more cars after this year after launching new Toyota models and sees strong growth in its oil-services business but profit growth is set to slow to 10-15 percent from more than 50 percent in 2007.
UMW Holdings (UMWS.KL: Quote, [...]
