Ford has had been nothing but full of good news lately: it recently reported a sharp rise in net income to $2.6 billion and it said that it would maintain its market share in the U.S. America for the balance of the year. So why is Wall Street pessimistic on the stock?
Mazda Motors posted a quarterly loss for October through December, down from a profit for the same period last year.
2010 may be the year of the car recall, with the U.S.'s six largest suppliers recalling more than 19 million vehicles over the last 12 months. Toyota, which recalled about 7 million cars this year, tops the list. General Motors, at about 4 million, came in second.
Rising confidence among U.S. consumers is expected to translate into healthier numbers for the nation's automakers when they report November sales figures Wednesday. Domestic automakers fared better than their foreign counterparts as sales rebounded further from last year's anemic levels, according to analysts.
Ford Motor announced Wednesday that it had reduced its debt by $1.9 billion after note-holders converted their debt into 274 million shares of common stock. The automaker's annual interest expenses will be reduced by $180 million because of the lower debt.
GM reportedly plans to raise the price range on its pending initial public of stock to as much as $33 a share. The increase to $31 to $33 a share from the initial $26 to $29 a share is being prompted by strong demand for the stock.
=Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.
Honda Motor (HMC) and Isuzu Motors are recalling several small sports-utility vehicles from the 1998 to 2002 model years to fix suspension problems caused by road deicing products.
Ford Motor (F) reported higher sales in September on strong demand for fresh models, as sales rose 46% compared to September 2009, the company said Friday.
General Motors reported Friday that overall vehicle sales in September 2010 climbed 10.5% on a year-over-year basis, based on strong demand for its new generation of crossover vehicles. Among its four core brands -- Buick, Cadillac, GMC and Chevrolet -- GM sales rose 22%.
Mini Cooper cars are known for their quick, precise handling, but some owners have complained of steering problems that may lead to a crash, prompting a federal investigation.
Akerson, who assumed the post Sept. 1, will also receive a portion of his salary in the form of stock, totaling $5.3 million, which will be paid out over three years beginning September 2011.
underwhelming Chevy Cobalt, a model that had a hard time competing with the likes of Toyota's Corolla and Ford's Focus, new versions of which are due in coming months. A coming manual transmission model will have a 40-mpg highway rating.
Auditors aren't always right, but if they have even a small clue right now, General Motors is almost done. GM filed its most recent annual report...