Fox Lake Towing and Recovery

When GM CEO Daniel Akerson recently compared one of his company’s cars to a can of Diet Coke, investors and, no doubt, employees cringed. After all, the belief that cars were no more than expensive consumer products is what caused GM’s downfall and subsequent bankruptcy in 2009.

Continue reading GM’s Stock Price Falters as Company Revisits Failed Strategies

GM’s Stock Price Falters as Company Revisits Failed Strategies originally appeared on DailyFinance on Thu, 24 Mar 2011 16:00:00.

Filed Under: Company News, Technology, Economy, Apple, General Motors, Autos

Names define us, but do they determine our life choices? The idea that our names can influence those decisions is what psychologists call “implicit egotism.” To test the concept, a recent study looked at how our names might affect where we choose to work. And what did the researchers find…?

Continue reading How Much Does Your Name Affect Where You Work?

How Much Does Your Name Affect Where You Work? originally appeared on DailyFinance on Thu, 17 Mar 2011 16:00:00.

Filed Under: Columns, People, Careers, Biz Brief

UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW is eager to win back some concessions.

Continue reading UAW Seeks to Regain Concessions as Contract Talks Loom

UAW Seeks to Regain Concessions as Contract Talks Loom originally appeared on DailyFinance on Thu, 17 Mar 2011 15:00:00.

Filed Under: Company News, Economy, People, Ford Motor Co, General Motors, Autos, Chrysler

Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank’s stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.

Continue reading Citigroup: The Most-Shorted Stock in America

Citigroup: The Most-Shorted Stock in America originally appeared on DailyFinance on Thu, 10 Mar 2011 06:30:00.

Filed Under: JP Morgan Chase, Ford Motor Co, Bank of America, Citigroup, Credit

Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company’s stunning turnaround, which resulted in the automaker raking in $6.6 billion last year — its best performance in more than a decade.

Continue reading Ford Awards Top Two Execs $99 Million in Stock for Turnaround

Ford Awards Top Two Execs $99 Million in Stock for Turnaround originally appeared on DailyFinance on Tue, 08 Mar 2011 15:18:00.

Filed Under: Company News, Economy, Ford Motor Co, Autos