Search Results for: General Motors
GM sued over deaths, injuries linked to ignition switch
July 30th, 2014
General Motors (GM.N) was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches. The lawsuit was filed ...
U.S. companies search for growth overseas
July 28th, 2014
Big U.S. companies are searching for corporate growth overseas for better financial opportunities. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts’ projections in their ...
Profits Vanish in Venezuela After Currency Devaluation
July 9th, 2014
Brink’s, the armored car company, could see about $400 million in revenue disappear this year from its operations in this country. Procter & Gamble announced a write-down of $275 million on its Venezuela business. American Airlines and Delta Air ...
Dollar Falls Most in a Week Versus Yen after Fed Rate report
July 8th, 2014
The dollar fell the most in more than a week against the yen as investors gauge the timing of Federal Reserve interest-rate increases after reports showing a strengthening jobs market. The Bloomberg Dollar Spot Index rose earlier after Goldman ...
GM Sales Are Strong Despite $1.7 Billion Recall Scandal
June 6th, 2014
Despite a damaging investigation that linked a defect in some of General Motors’ cars to 13 deaths, GM (NYSE: GM) auto sales have remained steady. Last month, the company reported its strongest monthly sales since 2008, according to numbers ...
What’s ahead for Apple’s new CFO, Luca Maestri
April 22nd, 2014
Apple’s new CFO will have to deal with the tech giant’s massive cash reserves, as well as building a strong finance team in the first 100 days IN JUNE, the world’s largest company by market capitalisation will be getting ...
Toyota’s Lentz Seeks Fuel Cell Sedan Supply Boost to U.S.
April 4th, 2014
Toyota Motor Corp. (7203)’s North American chief, preparing to sell Camry-sized hydrogen sedans next year, said he’s “bullish” about advances in the company’s fuel cell system and wants more U.S. supply of the Japan-built cars. Toyota, the world’s largest ...
Senators accuse GM of illegally hiding ignition-switch flaw
April 3rd, 2014
Lawmakers on Wednesday bluntly accused General Motors of illegally hiding evidence of a deadly ignition-switch flaw for much of the past decade, as GM chief executive Mary T. Barra endured a second day of combative hearings on Capitol Hill. ...
BMW’s March Push Narrows Mercedes’ U.S. Luxury Sales Lead
April 2nd, 2014
Bayerische Motoren Werke AG’s BMW brand posted its best March sales ever, helping the German luxury-automaker shrink Mercedes-Benz’s 2014 lead. BMW sold 32,107 vehicles last month, an increase of 19 percent from a year earlier, led by its mid-size ...
GM Down 14% Shows Barra Challenges From Recalls to China
March 27th, 2014
Less than three months into her tenure as General Motors Co. chief executive officer, Mary Barra has more than recalls to worry about. GM shares are down almost 14 percent since Barra took the helm Jan. 15 through yesterday, ...
