Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford h…
Toyota’s recall troubles seem never-ending. Just a few months after the car company’s last recall, it has found defects involving the fueling systems of a variety of Lexus models. This won’t help the company’s beleaguered reput…
Last year’s massive recalls — and the resulting legal fallout — have given Toyota’s reputation a beating, cutting into its sales. But the company can’t blame all of its problems on the recalls. Analysts also point to another …
Some 3,000 workers at Ford Motor’s (F) truck plant in Dearborn, Mich., have been idled because of a shortage of parts needed to manufacture engines installed in the company’s popular line of pickup trucks.
The workers will be on temporary layoff for a…
Toyota managed to hold onto the title of world’s No. 1 automaker last year, despite numerous safety recalls that took a toll on its sales. Toyota sold 8.42 million vehicles worldwide in 2010, enough to barely edge out resurgent…