General Motors' premium Cadillac group is considering expanding its offices from Detroit to Manhattan.» Read More
Auto loans jumped this spring, fueled by a big increase in lending to risky borrowers, according to a new report by the New York Fed.
Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.
BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday. Speaking to reporters in Brasilia after meeting President Dilma Rousseff, Barra said the new investment will spent on new products, technology and maintaining plants.
WASHINGTON— U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. This spring, banking regulators at the Office of the Comptroller of the Currency said that "signs of increasing risk are evident" in auto lending.
The European Central Bank, with a further monetary stimulus? Or governments in France and Italy, which have dragged their heels in making their economies more business-friendly? Especially if the Ukraine crisis mushrooms with a Russian invasion that would scare off business investment even more— and extend one bad quarter into an outright recession.
European companies have lashed out at the Chinese government, saying that they have been subject to "intimidation tactics" by officials.
NEW YORK— Matt Cottle is one of a few known small business owners with autism, a brain disorder that affects a person's ability to comprehend, communicate and interact socially. NEW YORK— Amazon's new credit-card processing device and mobile app is designed to help small business owners accept payments through their smartphones and tablets.
Ford Motor Co. rose$. 21 or 1.2 percent, to $17.42. General Motors Co. rose$. 25 or. 7 percent, to $33.95. Honda Motor Co. rose$. 43 or 1.3 percent, to $34.34.
Ford Motor Co. rose$. 23 or 1.3 percent, to $17.44. General Motors Co. rose$. 32 or. 9 percent, to $34.02. Honda Motor Co. rose$. 40 or 1.2 percent, to $34.31.
DETROIT, Aug 13- General Motors Co will start construction this fall on a $174 million stamping plant in Lansing, Michigan, that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday. The ATS and CTS are built at the Lansing Grand River assembly plant.
These 20 S&P 500 companies reported effective tax rates of 0% or lower in the second calendar quarter, despite reporting a profit during the period.
Ford Motor Co. rose$. 16 or. 9 percent, to $17.37. General Motors Co. rose$. 16 or. 5 percent, to $33.86. Honda Motor Co. rose$. 36 or 1.1 percent, to $34.27.
To achieve annual sales above pre-recession levels of about 17 million new vehicles, "the automakers are going to have to increase incentives more," said Larry Dominique, executive vice president of research firm TrueCar Inc..
One Chrysler worker's Jeep stalled on a flooded entrance highway ramp and she had to swim to safety.
BEIJING— General Motors Co.' s main China joint venture has joined automakers that say they have been contacted by Chinese anti-monopoly regulators as part of an investigation of the industry. Mercedes Benz, Toyota's Lexus luxury brand and Japanese parts suppliers also are under scrutiny.
DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit. Detroit city officials said Monday night's heavy rainfall was the most rain the city had seen in almost nine decades.
DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit.
DETROIT, Aug 12- Chrysler Group LLC on Tuesday announced the establishment of a new office called "vehicle safety and regulatory compliance" led by a veteran company senior vice president, Scott Kunselman.
NEW YORK— A federal judge told lawyers on Monday he'll encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors for defective ignition switches.
NEW YORK, Aug 11- Lawyers from across the United States gathered in Manhattan Monday to jockey for leadership roles in litigation against General Motors over a faulty ignition switch that has prompted the recall of millions of vehicles.