Volt A 'Technology Masterpiece,' Not A Loss-Leader: Bob Lutz, Former GM Exec
September 11 2012 11:04 AM
A former high-level General Motors Company (NYSE: GM) executive -- widely considered to be the godfather of the company's foray into electric-vehicle production --struck back Tuesday at the assertion the carmaker might be losing nearly $50,000 on each one of the signature Volt plug-in vehicles the firm has sold so far.
EU Market For Cars Backfires As VW Cuts Sales Guidance
September 10 2012 3:47 PM
Volkswagen AG (PINK: VLKAY) cuts its internal European 2012 annual sales guidance by 150,000 vehicles, according to German news magazine Der Spiegel, Reuters reported.
Why GM Actually Is Getting Its Money's Worth From The Chevy Volt
September 10 2012 12:18 PM
General Motors Company (NYSE: GM) may be losing money on the Chevy Volt at present, but the long-term benefits of early R&D in electric vehicles, improvements to brand image and improving sales volumes should ultimately make it a wise decision for the company.
Money's Winners And Losers: Automakers, Best Buy, AMR, Changi Airport, Nokia, General Motors
September 07 2012 8:39 PM
Each week, the IBTimes Money team picks the six biggest, most dramatic, or most compelling winners and losers in business. For the week of Sept. 3-7, the former include global automakers such as the Honda Motor Co. (NYSE: HMC), and the latter include the Nokia Corp. (NYSE: NOK).
Electric Cars Drive Demand For Lithium; FMC, Rio Tinto, Rockwood Stand To Gain
September 07 2012 4:55 PM
Growing global demand for electric cars could drive demand for lithium up by as much as 20 percent per year, benefiting chemical and mining companies such as the FMC Corp. (NYSE: FMC), Rio Tinto PLC (NYSE: RIO) and Rockwood Holdings Inc. (NYSE: ROC), according to Standard & Poor's Capital IQ.
Qantas Move To Dubai Will Lower Costs, Help Stop Losses On Int'l Routes: Analysts
September 07 2012 1:05 PM
Dubai International is rapidly becoming a major international connection. For ailing Qantas Airways Limited (ASX: QAN) the move of its European hub from Singapore to the UAE will help lower the cost of shuttling travelers back and forth between Melbourne or Sydney and London.
General Motors Banking On Chinese Designed Chevy Sail To Push Indian Unit Out of Doldrums
September 06 2012 12:18 PM
General Motors Company (NYSE: GM) is hoping its Chinese designed Chevrolet Sail can push its struggling Indian unit out of a sales doldrums.
- Tiny UAE Is No. 3 Most Important Aircraft Market: Airbus
September 05 2012 10:56 AM
The UAE is expected to spend an average of $11 billion a year through 2031 on an estimated 882 commercial aircraft, according to a report by Airbus on the global market for aircraft.
Boeing Says China Will Need 5,260 New Airplanes By 2031
September 05 2012 6:30 AM
China will need 5,260 new commercial airplanes, valued at $670 billion, over the next 20 years, according to Boeing, one of the providers of passenger airplanes for China.
US Car Sales Indicate Economic Recovery in August
September 04 2012 5:30 PM
Global carmakers reported robust sales growth in August, indicating improving consumer sentiment and demand by small businesses and contractors. Companies including Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Honda Motor Co. (NYSE: HMC) and Toyota Motor Corporation (NYSE: TM) all reported major gains.
US August Car Sales - Live Blog: Will Buyers' Love Of Trucks Trump Economic Fears?
September 04 2012 9:54 AM
Global automakers report August U.S. car sales, Tuesday. Follow the blog for the latest updates from Chrysler, Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Nissan Motor Co. (Tokyo: 7201), Honda Motor Co. (NYSE: HMC), Volkswagen AG (Frankfurt: VOW) and Toyota Motor Corporation (NYSE: TM).
Lamborghini Seeks Reinvention With Urus and Gallardo Successor
August 31 2012 11:38 AM
Lamborghini, a subsidiary of Volkswagen AG (Frankfurt: VOW), may seek to reinvent itself as it plans a successor to the popular Gallardo and works to bring the Urus SUV concept to market.
Cars with Speed, Fuel-Saving Might Battle among Americas Teams
August 31 2012 3:31 AM
There is no stopping the Shell Group of companies from their environment sustainable projects most especially those that engage the youth in preparation for tomorrow's challenges. Shell's Eco-marathon, which involves student teams to design, build, and test ultra-energy-efficient vehicles, is due to come to the North and South American Region in April 2013 in Houston, Texas.
General Motors Courts Russian Market At Moscow Auto Show and With $1B Investment
August 29 2012 11:26 AM
General Motors Company (NYSE: GM) holding the European debuts of three vehicles at the Moscow International Motor Show on Wednesday, and a key member of the company's Russian management confirmed a $1 billion investment.
New CAFE Fuel Economy Standards Raise Car Mileage to 55 MPG by 2025
August 28 2012 3:29 PM
The Obama Administration issued new Corporate Average Fuel Economy (CAFE) standards Tuesday, which raise the average mileage of the U.S. fleet to 54.5 mpg by 2025.
Ford Brings Lincoln To China To Resist Cadillac's Onslaught
August 28 2012 12:08 PM
Ford's Lincoln brand hasn't done well in the U.S. but the nation's No. 2 automaker aims for better luck in China where archrival GM gets a big share of the luxury car market with its Cadillac line.
Global Car Companies Hunt Big Game In Africa's Growing Automotive Market
August 25 2012 2:07 PM
Global automakers from Renault SA (Paris: RNO) to Ford Motor Company (NYSE: F) to Chinese companies like Geely Automotive are all racing to get a piece of the long-term potential promised by Africa's burgeoning automotive market. The continent's economy is on the rise, and despite very real improvements in the quality of life and standards of living in many African countries, risks for multinational manufacturers remain.
Money's Winners And Losers: NY Fed And AIG, Gawker Media, Eli Lilly, ZeekRewards, Best Buy, Fisker Automotive
August 24 2012 7:41 PM
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Our picks for Aug. 19-24 include the Federal Reserve Bank of New York and Eli Lilly & Co. on one side, and ZeekRewards and Best Buy Co. Inc. on the other side.
Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31
August 24 2012 4:30 PM
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
Colombian Hunger Strikers Sew Mouths Shut To Protest Firing By General Motors
August 21 2012 5:20 PM
Thirteen former employees of General Motors' Colombian subsidiary are in the fourth week of a hunger strike outside of the U.S. Embassy in Bogota. They say GM fired them when they were injured on the job and has not provided medical care or pensions.