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Honda Lifts Profit Forecast, Sees Further Growth

TOKYO - Honda Motor Co. lifted its annual guidance far beyond market expectations after cost cuts drove quarterly profit to the strongest in a year and a half. The automaker said it anticipates further growth in the next fiscal year, Reuters reported. Japan's No.2 automaker ... Read More » Tags:

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U.S. Automaker Sales Mostly Rise in January; Toyota Drops 16%

DETROIT — Automakers said U.S. sales mostly rose in January as the economy improved, though Toyota Motor Corp. proved the exception, posting a 16-percent drop after halting sales of several top-selling models, reported The Associated Press. January is typically a weak month for U.S. auto ... Read More » Tags:

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Daimler Financial Services Changes Leadership in Americas Region

FARMINGTON HILLS, Mich. — Daimler Financial Services made executive changes to the company in conjunction with the appointment of Klaus Entenmann, formerly president and CEO of the Americas region, to chairman of Daimler Financial Services AG in Berlin. Franz Reiner, formerly head of Mercedes-Benz Financial ... Read More » Tags:

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Ford Kicks Off 2010 with 24% Sales Increase

DEARBORN, Mich. – Higher sales for every brand and in every product category propelled Ford to a 24 percent sales increase in January versus a year ago. Ford cars were up 43 percent, crossovers were up 20 percent, sport utilities were up 8 percent, and ... Read More » Tags:

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Toyota Executive: Pedal Fix Too Late to Prevent Backlash

NAGOYA, Japan - Toyota's fix for the gas pedal problem that led to the recall of millions of cars has not come soon enough to prevent a consumer backlash in the U.S. and elsewhere that is battering its sales, reported The Detroit News. One of ... Read More » Tags: ,

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Ex-Treasury Chief Ignored GM Plea

WASHINGTON - Former Treasury Secretary Henry Paulson repeatedly refused to meet with General Motors chief executive Rick Wagoner -- and then didn't believe him when he warned the company could collapse by Nov. 7, 2008, reported The Detroit News. In a new memoir published today ... Read More » Tags: ,

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