By IBTimes
U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. (May 23)
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GENERAL MOTORS, NYSE, S&P, TOYOTA, CHRYSLER, GDP
By IBTimes
Ford Motor Company (NYSE: F) shares climbed almost 2 percent in mid-day trading Wednesday, a day after Moody's Investors Service upgraded the Dearborn, Mich.-based automaker's credit rating to investment grade. (May 23)
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GENERAL MOTORS, NYSE, RETAIL, INVESTMENT
By IBTimes
Japan's vaunted automakers may soon stop building cars in their homeland for export as a soaring yen combines with Mother Nature's mood swings, and an aging population saps the strength of its domestic market, driving the companies across wide oceans and far from their birthplace. (May 19)
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NYSE, TOYOTA, CALIFORNIA, MANUFACTURING, ISRAEL, JAPAN, CHINA
By IBTimes
General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. (May 16)
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GENERAL MOTORS, NYSE, S&P, TOYOTA, CHRYSLER, TWITTER, FIAT SPA
By IBTimes
Ford Motor announced its second recall of Windstar vans for axle problems in two days Thursday, bringing the number of Windstars recalled so far this month to 36,000. (May 10)
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NYSE
By IBTimes
Ford Motor Co. (NYSE: F) is recalling 27,000 model year 1998 to 2003 Windstar vans which suffer from a problem which can cause the rear axle of the vehicle to fracture, increasing the risk of crash, a notice from the National Highway Traffic Safety Administration (NHTSA) said Wednesday. (May 09)
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NYSE, NEW YORK, MICHIGAN, PENNSYLVANIA, NEW JERSEY
By IBTimes
The companies whose shares are moving in pre-market trade Wednesday are Demand Media Inc, Arena Pharmaceuticals Inc, Fossil Inc, Banco Santander, EXCO Resources Inc, Ford Motor Company and Newmont Mining. (May 09)
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ELECTIONS
By IBTimes
U.S. light vehicle sales increased 2 percent in April to 1.2 million cars on continued high demand for fuel-efficient cars, and sales are projected to continue at a strong clip, maintaining an annualized rate of 14.4 million. (May 02)
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GENERAL MOTORS, NYSE, TOYOTA, MANUFACTURING, VOLKSWAGEN, FIAT SPA