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Big Car Makers Take Sales Back Seat To Tesla In California
Monday, August 26, 2013 - 2:52pm | 619Read More...The Tesla (NASDAQ: TSLA) Model S is quickly proving itself to be much more than a novelty or a toy for the rich and famous. According to the California New Car Dealers Association, in June Tesla outsold several “heavy hitters” in the state including General Motors (NYSE: GM)’s Buick and...
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The Top 10 Financial Tweets For Tuesday, July 30
Tuesday, July 30, 2013 - 11:00am | 1250Read More...There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful, or just down right comical. 1. The Detroit Free Press The Detroit Free Press (@freep) tweeted its recap of...
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L. Brooks Patterson: Oakland County Is A 'Job Creating Juggernaut'
Monday, July 29, 2013 - 2:44pm | 995Read More...Oakland County is located just to the northwest of Wayne County, home of Detroit in Southeastern Michigan. As the city of Detroit goes through the largest city bankruptcy in U.S. history, Oakland County is flourishing, attracting more residents and adapting to the modern economy. Bloomberg...
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U.S. June Auto Sales Climb To Highest Since 2007
Wednesday, July 3, 2013 - 12:08pm | 525Read More...Auto sales in the U.S. rose to a 67-month high in June as Americans continued to spend on more fuel efficient cars and also on pickups in a sign that companies are continuing to invest in new truck fleets as the economy tries to find a footing. Sales Accelerate Ford (NYSE: F) sales of cars and...
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Marchionne Looks to Acquire Full Chrysler Ownership
Tuesday, May 28, 2013 - 11:31am | 239Read More...Sergio Marchionne, who serves as CEO of both Fiat (OTC: FIATY) and Chrysler, is looking buy six percent of the American car company from the US Treasury, leading to majority control, according to The Wall Street Journal. The Wall Street Journal also reported that the firm hopes to buy a stake...
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Detroit Automakers Rebound with Style
Tuesday, May 21, 2013 - 4:13pm | 279Read More...As was reported by Keith Naughton of Bloomberg, the Big 3 reported double digit sales growth in the US last month, marking a comeback for Detroit automakers. Ford (NYSE: F), General Motors (NYSE: GM) and Chrysler can attribute this recent success to stylish and daring vehicle deigns instead of...
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These 13 American Cars Released After the Bailout Are the Most Important
Monday, May 6, 2013 - 2:46pm | 192Read More...For more than a brief moment during the Great Recession, it appeared the fate of the Big Three automakers was in jeopardy. General Motors (NYSE: GM) declared Chapter 11 bankruptcy, while Chrysler filed its third bankruptcy before its ownership stake was sold to Cerberus Capital Management. Ford (...
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Apple Quietly Taking Over the Electronics of Every Car on the Road
Tuesday, March 12, 2013 - 8:08am | 492Read More...According to Business Insider, based on job postings, new products, and partnerships, Apple (NASDAQ: AAPL) is going out of its way to make iOS the standard operating system for all cars. As evidence of this move, Apple is hiring for positions like “iOS Car Services” and “Manager QA (In-Car.” In...
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Toyota Sales Dive in China, Fiat Wants Opel from General Motors
Friday, October 5, 2012 - 8:26am | 521Read More...Overseas, Toyota's (NYSE: TM) sales in China are slumping drastically due to boycott efforts of Chinese people on the Japanese automakers after the country's government made a controversial purchase of a group of East China Sea islands in September. China is the world's largest car market, and...
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GM and Ford Brace for Potential Strikes
Thursday, September 13, 2012 - 8:44am | 505Read More...After a summer of repeated recalls and increased sales, Ford (NYSE: F), General Motors (NYSE: GM) and Chrysler have been able to stand strong and pull out decent quarters. However, the automakers may have bigger issues in the autumn months, as strike preparations are underway in Canada that...
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Chrysler, GM, Ford Report Strong Auto Sales
Tuesday, September 4, 2012 - 1:38pm | 404Read More...Chrysler (OTC: FIATY), General Motors (NYSE: GM) and Ford (NYSE: F) reported sales figures for August that exceeded expectations. Much of that success can be put down to the introduction of new vehicles like the Dodge Dart, and revisions to staples like the Ford Escape and Chevrolet Malibu....
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General Motors Left with Oversupply of Pickups
Tuesday, August 28, 2012 - 1:09pm | 380Read More...Automaker General Motors (NYSE: GM) has not had the best of summers so far when it comes to selling pickup trucks. The company's dealers had a 122-day supply of Chevrolet Silverado and GMC Sierra pickups in June, more than 50 percent above the maximum dealers would be hoping for at that stage. To...
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General Motors Starts Negotiations with Canadian Auto Workers
Wednesday, August 15, 2012 - 9:01am | 394Read More...Auto giant General Motors (NYSE: GM) is in talks with the Canadian Auto Workers (CAW) after national contract negotiations began on Tuesday. CAW President Ken Lewenza commented on the discussion, which revolved around issues such as two-tier wages and profit-sharing as "frank." Back in July,...
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CarMax Earnings Preview: Higher Sales, Lower EPS Expected
Wednesday, June 20, 2012 - 10:58am | 943Read More...CarMax (NYSE: KMX), the used-car retailer, is scheduled to report first-quarter fiscal 2013 results on June 21, before the U.S. markets open. The company has seen net income rise in the previous three quarters and has enjoyed four-straight quarterly revenue increases. Investors will be hoping for...
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Opinion: Why I May Never Buy Another Ford Car Again
Monday, April 30, 2012 - 12:02pm | 2766Read More...They say that love is blind. They were right. In falling (blindly) for the sleek and attractive designs of one automaker, I somehow talked myself into believing that the red flags were nothing more than speed bumps. "Those aren't warning signs!" I told myself. "I have no reason to worry. None...














