April 25, 2011 |
Sales of new homes rose 11.1% in March from February, the Commerce Department said Monday, marking a mild improvement from the worst-ever showing as the effect of winter storms and an expiring California tax credit wore off. The still-bleak reading of a seasonally adjusted annual rate of 300,000 sales represented a 21.9% nose dive from March 2010 levels. However, the level beat a MarketWatch-compiled economist estimate of 290,000, and February's low reading of 250,000 was revised up to 270,000.
April 8, 2010 |
General Motors Co. is beginning to generate positive cash flow and could be profitable this year, the automaker's top financial officer said Wednesday while announcing a restructuring of the company's financial statements, one of the conditions it has to meet before the federal government can sell its massive stake in the automaker. In documents the company filed with the Securities and Exchange Commission, GM outlined what it called "fresh-start accounting," new financial statements that represent the company's status after its bankruptcy reorganization last year.
November 18, 2011 |
On an August morning in 2008, a handful of executives from the country's top car companies, several environmentalists and two of California's most powerful pollution regulators met in a windowless conference room in a hotel next to Los Angeles International Airport. For 30 years, the car companies had been locked in battle with California and environmentalists over increasing vehicle fuel efficiency and cutting air pollution. But that meeting at the Radisson Hotel brought together new government and industry leaders able to capitalize on new technologies in a market ready to adopt fundamental changes in cars.
July 26, 2012
2013 Acura ILX Base price: $26,795 (including destination charge) Price, model tested: $32,295; ILX Tech Powertrain: 2.0-liter, SOHC four-cylinder engine; five-speed automatic transmission with paddle shifters Horsepower: 150 at 6,500 rpm Torque: 140 pound-feet at 4,300 rpm Curb weight: 2,970 pounds Wheelbase: 105.1 inches Overall length: 179.1 inches EPA fuel economy: 24 mpg city/35 highway Observed fuel economy:...
October 28, 2011 |
Chrysler Group said Thursday that it swung to a profit in the third quarter. The company, which is gradually combining its operations with those of majority shareholder Fiat, the Italian automaker, said it had net income of $212 million in the third quarter, contrasted with a loss of $84 million in the same period a year earlier. "Chrysler is outpacing the industry this year with sales up 26.1% third quarter to third quarter and 23.1% for the year," said Michelle Krebs, an analyst with auto information company Edmunds.com.
October 27, 2011 |
Ford Motor Co. posted a big third-quarter profit, but it was slightly less than in the same period a year earlier as losses in Europe and Asia dragged earnings down. Ford said it had net income of $1.6 billion, about 2% less than in the same period a year earlier. Ford's profit amounted to 41 cents a share, down from 43 cents in the year-earlier period. The company was profitable in North America and South America but lost money in other regions of the world. Earnings also fell because of how the automaker accounts for hedging against rising commodity prices.
August 23, 2012
2013 Cadillac XTS Base price: $44,995 (including destination charge) Price, model tested: $62,300; XTS AWD Platinum Powertrain: 3.6-liter, DOHC, direct-injected V-6 engine; six-speed automatic transmission with paddle shifters and manual mode Horsepower: 304 at 6,800 rpm Torque: 264 pound-feet at 5,200 rpm Curb weight: 4,215 pounds Wheelbase: 111.7 inches Overall length: 202 inches EPA fuel economy: 17 mpg city/26 highway...
June 23, 2011
2011 Chrysler 300 Base price: $27,995 (including destination charge) Price, as tested: $40,980 Powertrain: 3.6-liter DOHC, 24-valve V-6 with VVT; five-speed automatic transmission with manual shift mode Horsepower: 292 at 6,350 rpm Torque: 260 pound-feet at 4,800 rpm 0-60 acceleration: 7.2 seconds (according to Motor Trend magazine) Curb weight: 4,006 pounds Wheelbase: 120.2 inches Overall length: 198.6 inches EPA fuel economy: 18 mpg city/27 mpg highway Final thoughts: A serious full-size contender
August 4, 2011
2012 Mercedes Benz SLK350 Base price: $55,675 Price, as tested: $63,325 Powertrain: 3.5-liter, DOHC, 24-valve V-6 engine with direct injection; seven-speed automatic transmission with sport and manual mode and paddle shifters Maximum horsepower: 302 at 6,500 rpm Maximum torque: 273 pound-feet at 3,500 rpm Curb weight: 3,397 pounds Wheelbase: 95.7 inches Overall length: 162.8 inches 0 to 60: 5.4 seconds...