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Auto Factory

June US Car Sales - Ford, GM, Chrysler Report Big Gains

Detroit?s carmakers saw strong June U.S. car sales with Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reporting 20 percent year-over-year sales growth and Ford Motor Co. (NYSE: F) reporting more modest 7 percent sales gains.
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An A380 aircraft is seen through a window with an Airbus logo during the EADS / Airbus 'New Year Press Conference' in Hamburg

Alabama Governor Welcomes Airbus To Mobile

Alabama Gov. Robert Bentley will be welcoming Airbus S.A.S. to the port city of Mobile Monday morning to formally announce the opening of the European aircraft manufacturer's first assembly plant in the U.S.
Sami Elias

Tough Luck: Crime Fighter Bumps Into Retail Theft Suspect In Casino

Unbeknownst to the 54-year-old Kentucky resident, gambler and accused grand theft shoplifter, just a short walk away from the New Orleans casino he was sitting in recently was a veritable who's who of anti-theft officials for some of the largest retail chains in the country.
A 2010 Lexus RX 450 H parked. Over 150,000 model-year 2010 Lexus RX vehicles are under an unintended acceleration recall.

Toyota May Face Govt Investigation For New Floor Mat Recall

Toyota just can't seem to get the floor mats right on its cars. Toyota Motor Corporation (NYSE: TM) is recalling approximately 154,000 model-year 2010 Lexus RX 350 and RX 450 H cars for potential floor mat interference with accelerator pedal, the same problem which afflicted millions of the company's cars in 2009 and 2010. The National Highway Traffic Safety Administration (NHTSA) is considering launching an investigation of Toyota regarding delays in notifying the agency about the...
 Ford to invest $400 mln in Kansas plant, create 3,750 jobs

Losses in Europe, Growth in US - Time For Ford To Leave Europe?

Ford Motor Company (NYSE: F) must be asking itself when the European automotive market becomes too toxic as sales in the region slump, the euro zone teeters on the brink of disaster and carmaker predicts European losses of close to $600 million in the second quarter.
A Delta Airlines A320

Airbus Picks Alabama For First US Factory: Report

European airplane manufacturer Airbus SAS will build its first U.S. factory in Mobile, Ala., as it intensifies its competition with main rival, U.S.-based Boeing Co. (NYSE: BA), The Associated Press reported Thursday.
Barclays

British, US Banks Fall Hard On News of Barclays Fraud

Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.

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