Articles by Brett LoGiurato

Freeport-McMoRan Copper & Gold Cut Gold Output Estimate on Grasberg Strike

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) said Thursday that it has resolved a labor dispute with PT Freeport Indonesia workers at its Grasberg mining and milling operations, but that the work stoppage will cost the company production and sales of a significant amount of copper and gold.
A worker inspects a Land Rover Discovery on the production line at their Production Facility in Solihull

India to Surpass Japan as No. 2 Asian Car Market by 2016

India will surpass Japan as the No. 2 vehicle market in Asia by 2016, according to a report in the Wall Street Journal based on data and research from IHS Automotive. The report also says that auto sales in China, Asia and the world's largest market, will continue to grow steadily through the rest of the decade.

Gas Price Rise Spurs Highest-Ever Fuel Economy Average Of Sold Vehicles

In an auto industry placing increased emphasis on fuel economy in its vehicles, Ford Motor Co. serves as the poster child. The average fuel economy of Ford's sold passenger vehicles and trucks jumped by an average of 4.9 miles per gallon in February from the year-ago period. Unsurprising in those results is the credit due to the Ford Fusion and Focus, on which the company has placed an emphasis on greater fuel economy.
Chevrolet Cruze vehicles are displayed at courtesy Chevrolet dealership in Phoenix

GM Annual Sales Surge 30.4% in China

General Motors Co. saw a 30.4 percent year-over-year jump in sales of passenger cars in China in February, a record-setting month for the United States automaker. Sales rose primarily due to the absence of the Lunar New Year holiday, which fell at the beginning of the month last year.

Chevy Volt Sales up in February

Sales of General Motors Co.'s Chevrolet Volt rallied back in February from early-year lows, as the company sold more than 1,000 units of its hybrid electric plug-in vehicle last month.
Ford Motor Company

Ford Could Lose $600M in Europe This Year: Executive

Ford Motor Co. could lose between $500 million and $600 million in Europe this year, another inclination of automakers struggles in a region plighted by an ongoing debt crisis and crawling with competition.