Recalling luxury cars to fix faulty hood ornaments might sound like a joke, but ultra high-end automaker Bentley Motors isn’t dismissing reports that its famous “flying B” metal emblem on some models may fail to collapse in a c…
China’s SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM’s stakeh…
Tires are getting more expensive across the world.
Goodyear Tire & Rubber Co. (GTR) and Cooper Tire & Rubber Co., (CTB) the two largest U.S. tiremakers, plan to raise prices by as much as 6.5% starting October, according to Bloomberg News. In Europe, Bridgestone (BRDCY) is upping its prices by about 6%.
Tires are costing more as global demand for cars races ahead of world…
Continue reading Get Ready to Pay More for Tires
Get Ready to Pay More for Tires originally appeared on DailyFinance on Tue, 21 Sep 2010 09:22:00.
Filed Under: Company News, Technology, Green, Goodyear, Autos, Retail
AutoZone Inc (AZO) reported diluted earnings per share of $5.66 for the quarter ended Aug. 28, a 27.7% increase from a year earlier.
Net sales rose 9.5% from a year earlier to $2.4 billion in the fourth quarter of fiscal 2010, the auto parts company said in a statement. AutoZone opened 80 new stores in the U.S. in the quarter, and 26 new stores in Mexico.
The company repurchased…
Continue reading AutoZone Quarterly EPS Jumped to $5.66
AutoZone Quarterly EPS Jumped to $5.66 originally appeared on DailyFinance on Tue, 21 Sep 2010 08:24:00.
Filed Under: Company News, Technology, Earnings, Green, Autos, Retail
Nissan (NSANY) raised its production target for China, the world’s largest auto market.
The Japanese automaker raised its production target to 1.2 million units in 2012, from a previous target of 1 million, BBC News reported. The company currently produces 670,000 units a year in China.
Nissan is now the top-selling Japanese automaker in China, having overtaken Toyota. The company…
Continue reading Nissan Raises China Production Target
Nissan Raises China Production Target originally appeared on DailyFinance on Mon, 20 Sep 2010 08:49:00.
Filed Under: Energy, Company News, Technology, Investing, Green, Autos, Retail