Detroit Automakers Cutting Back on Summer Factory Shutdowns
Detroit's automakers are largely forgoing traditional two-week summer breaks at their factories and speeding up production to meet buyers' demand for new cars and trucks.
Detroit's automakers are largely forgoing traditional two-week summer breaks at their factories and speeding up production to meet buyers' demand for new cars and trucks.
The global financial crisis helped slam the brakes on clean-tech dreams from electric cars to solar panels, but the roots of green energy's mid-life crisis run far deeper.
Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.
A mixed bag from Facebook's earnings, but revenue from the all-important mobile sector was stronger than expected. GM's earnings fell from a year ago but still beat predictions.
Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with GM and Volkswagen is proving tight.
Caterpillar's profit and sales came in short of expectations. It also forecast that sales for the full year will be below target, because of slow growth in the world economy.
From sluggish PC sales to Facebook regaining an important advertiser to a department store chain finally ousting its inept CEO, here are the wonders and blunders of the week.
General Motors pulled its ads from the social network a year ago. But now the automaker is testing a new tie-up with Facebook, including a pilot campaign for its Chevrolet Sonic.
General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions.
U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers report.
Automakers are expected to report Tuesday that U.S. car and truck sales hit their highest level in nearly six years in March.
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
General Motors' earnings and market share were down in 2012 despite a better year for car sales in the U.S., a combination that soured Wall Street on the automaker's fourth quarter and year-end earnings report.
Ford's earnings report Tuesday revealed the automaker's best fourth-quarter results in more than a decade. But credit doesn't go to the fuel-efficient small cars the company has recently emphasized: The profit source was the old faithful F-Series pickup truck.
The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."














