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General Motors Sales Surge 46% on Strong Consumer Demand

by David Schepp on Mar.01, 2011, under Towing

GM's U.S. Car Sales Surge 46% on Strong Consumer Demand in February

GM models sold smartly despite the steadily rising price of gas. GM says it sold 207,028 vehicles during the month. The increase was driven largely by a 70% jump in retail, or individual consumer, sales.

Continue reading General Motors Sales Surge 46% on Strong Consumer Demand

General Motors Sales Surge 46% on Strong Consumer Demand originally appeared on DailyFinance on Tue, 01 Mar 2011 11:30:00.

Filed Under: Company News, General Motors, Autos, Retail

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February Auto Sales Likely Kept Zipping Along

by David Schepp on Feb.28, 2011, under Towing

Major automakers are set to release February sales figures on Tuesday, and analysts expect the reports will show sales improved 20% compared to a year ago. Consumers continued to warm to the slowly improving economy — so far, despite surging oil prices.

Continue reading February Auto Sales Likely Kept Zipping Along

February Auto Sales Likely Kept Zipping Along originally appeared on DailyFinance on Mon, 28 Feb 2011 14:30:00.

Filed Under: Company News, Economy, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos, Retail, Chrysler

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Week in Preview: Employment, Bernanke and More Retail Earnings

by Trey Thoelcke on Feb.27, 2011, under Towing

This week we turn the calendar page, and that change brings with it a raft of economic data. Fed Chairman Ben Bernanke will deliver his semiannual monetary policy testimony before Congress, while Wall Street waits on more earnings reports.

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Week in Preview: Employment, Bernanke and More Retail Earnings originally appeared on DailyFinance on Sun, 27 Feb 2011 15:00:00.

Filed Under: Economy, Investing, Earnings, Stocks in the News

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Earnings Preview: GM Expected to Post First Annual Profit Since 2004

by David Schepp on Feb.23, 2011, under Towing

GM is expected to report fourth-quarter earnings Thursday. Will it meet expectations for its first full-year profit since 2004?

Or will it disappoint? Investors — and taxpayers — will be watching on Thursday, when GM posts its latest earnings. Despite analyst expectations of a full-year profit, the automaker has warned that fourth-quarter results will fall “significantly” from previous periods.

Continue reading Earnings Preview: GM Expected to Post First Annual Profit Since 2004

Earnings Preview: GM Expected to Post First Annual Profit Since 2004 originally appeared on DailyFinance on Wed, 23 Feb 2011 10:35:00.

Filed Under: Company News, Economy, Earnings, General Motors, Autos

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Earnings Preview: Toyota Fights Recall Woes and Stronger Yen

by David Schepp on Feb.07, 2011, under Towing

The Japanese automaker’s bottom line is likely to have been hit by its many safety recalls, weaker U.S. sales and Japan’s rising currency. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of $56.2 billion.

Continue reading Earnings Preview: Toyota Fights Recall Woes and Stronger Yen

Earnings Preview: Toyota Fights Recall Woes and Stronger Yen originally appeared on DailyFinance on Mon, 07 Feb 2011 12:15:00.

Filed Under: Company News, Economy, Earnings, Toyota, Autos