Despite sliding 0.5% to 184,467 units, vehicle sales in Canada have posted their second-best month of May and are on track to perhaps their best year ever, says auto analyst Dennis Desrosiers.
“Rarely does Canada go counter-cyclical to the U.S. market for any length of time and it has now been a couple of years,” said [...]
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 [...]
Even as the Canadian Auto Workers union was negotiating its new labour contracts with the Detroit Three this spring, the U.S. market for pickup trucks and sport utility vehicles was collapsing.
Sales were plunging faster than anyone in the union realized and so quickly that even senior executives at Chrysler LLC, Ford Motor Co. and General [...]
StubHub is continuing its march beyond the traditional stick-and-ball properties, signing a two-year deal to become the preferred secondary ticket marketplace of International Speedway Corp. and six of its tracks.
Following a recent deal in which the eBay-owned StubHub aligned with Ultimate Fighting Championship, the company will continue its customary sponsorship model, gaining exposure within ISC [...]
The Dow Jones Industrial average closed higher on Thursday, led by automaker General Motors Corp., after the automaker reached a tentative agreement with the Canadian Auto Workers union.
The blue chip index gained 94.28 points to end at 12,992.66.
Shares of General Motors gained $1.04, or 5.2 percent, to $21.23. On Thursday, the Canadian Auto Workers union [...]
Last race: Kyle Busch won the battle of attrition, overcoming a pit-road penalty and several scrapes with the wall to win at Darlington Raceway. The third Cup victory of the season for NASCAR’s least popular driver hardly thrilled the crowd, which booed him lustily in prerace introductions and hadn’t softened by the time he took [...]
The state Department of Transportation is balking at issuing the United Auto Workers union a permit allowing workers to gather this weekend along Route 2 in front of Foxwoods to protest the grand opening of the new MGM Grand.
The union, which won an election last fall to represent table game dealers at Foxwoods, applied for [...]
The United Auto Workers are going ahead with plans to picket the opening of MGM Grand at Foxwoods this weekend.
The union will stage a number of protests and demonstrations Saturday and Sunday at the Route 2 entrances to the casino, union officials said. MGM Grand is scheduled to open to the public at midnight Saturday [...]
Last we looked, none of Ontario’s auto plants were located in Premier Dalton McGuinty’s Ottawa-area riding. Yet the premier has been consistently supportive of Canada’s largest manufacturing sector, the powerhouse of Canada’s largest provincial economy.
When General Motors Corp. announced about 970 layoffs at its Oshawa complex last week, McGuinty popped up a day later to [...]
By Amanda Cooper
LONDON, April 24 (Reuters) - European shares fell on
Thursday, led by a decline in banking shares after more
writedowns from Credit Suisse (CSGN.VX: Quote, Profile, Research) and a bearish update
from Barclays (BARC.L: Quote, Profile, Research).
Beyond the financial sector, earnings from a number of
European large caps including ABB [...]
