April 2, 2013 |
March looks to have turned out to be one of the biggest months for auto sales in nearly six years. The industry sold almost 1.5 million vehicles in March, about 5% more than the same month a year earlier and likely the most since the 1.6 million sold in May 2007, according to automotive information company Edmunds.com. General Motors Co. said Tuesday that its U.S. sales rose more than 6% to 245,950 vehicles compared to the same month a year earlier, "thanks to a strengthening economy and new products,” said Kurt McNeil, vice president of U.S. sales operations. Ford Motor Co. said it sold 236,160 vehicles last month, a 6% rise from the same period a year earlier.
March 8, 2013 |
Redesigning an icon like the Corvette presents a delicate balance of preservation and innovation. New 'Vettes arrive only about once a decade, each paying homage to a storied past while distinguishing itself as a new generation. The job of designing the seventh Corvette fell to Kirk Bennion. He was in Southern California at the Petersen Automotive Museum last week for the car's first appearance on the West Coast, and he sat down with The Times to discuss the car's radical design departure.
February 25, 2013 |
WASHINGTON -- The Treasury Department has begun selling the rest of its stake in General Motors Co. as the government tries to end its bailout of the automaker in a little more than a year. Last month, the Treasury sold about $156.4 million worth of its stock, according to the most recent report to Congress on the $700-billion financial crisis bailout fund. The sale is the first step toward liquidating the government's remaining holdings in GM, which was announced in December.
February 1, 2013 |
The national economy remains sluggish - but don't tell the auto industry. Auto sales showed surprising strength in January, with all three domestic manufacturers - General Motors Co., Ford Motor Co. and Chrysler Group - reporting double-digit percentage gains. Toyota Motor Corp. and Honda Motor Co., the two biggest Japanese brands, also posted strong sales. Overall, the industry sold more than 1 million vehicles in January, a 14.2% gain over the same month a year earlier, according to Autodata Corp.
January 25, 2013 |
A friend of mine, a weatherman for a local TV station, always greets me the same way: "Time to sell my Apple stock?" And I always offer the same response: Do you still like the company? "Yes. " Then don't sell it. Investors were wringing their hands Thursday over Apple's prospects, even though the company reported record quarterly profit of $13.1 billion and said it sold 28% more iPhones and 48% more iPads. Despite what for any other business would be regarded as a stellar performance, Apple's shares fell $63.51, or 12.4%, to $450.50.
January 15, 2013 |
Of all the automakers trying to generate buzz on the Detroit auto show's first day, Toyota Motor Co. made the most noise. The company rolled out a concept design for the Corolla, one of its most important models, and announced preliminary sales figures showing that it has regained the title of world's largest automaker from General Motors Co. Called the Furia, the new-concept Corolla, with its severely raked windshield and bulging fenders, marks...