Ford, Toyota Post Sharp Drop in Sales

Ford, Toyota post sharp drop in Sales

Ford Motor Co. and Toyota Motor reported sharply lower U.S. vehicle sales for October, with industrywide sales headed toward what could be the lowest monthly level in decades. Toyota sold 23% fewer vehicles, while Ford’s fell 30%. General Motors Corp., Chrysler LLC and other auto makers will report later in the day. Read More »

Your company is bankrupt, you keep $480m. Is that fair?

It was a showdown to cherish for critics of Wall Street’s culture of enrichment. The grim-faced boss of the bankrupt bank Lehman Brothers was left squirming yesterday as a veteran Democrat roasted him over his multimillion-dollar pay. Read More »

Hundreds of car dealerships are apparently doomed

After the failure of the nation’s largest Chevy dealerships brought the plight of the car dealer to everyone’s attention, the bleeding hasn’t stopped. The California New Car Dealers Association says dozens of dealerships in CA have also closed. Read More »

America’s No. 1 Export: Debt

America's no.1 export is debt

Japan and Germany make cars. Saudi Arabia pumps oil. China supplies the world with socks and toys and flat-screen TVs. What does the United States produce? Lots of stuff, but in recent years this country’s No. 1 export–by far–has been debt. Read More »

Should You Lease a Car or Buy New?

Should You Lease a car or buy New?

Shhhh. Don’t tell anyone where you heard this. Automotive journalists aren’t ever supposed to say something like this, so lean in close: maybe you shouldn’t buy a new car right now. Read More »

Wall Street Swings Day After Meltdown

(CBS/ AP) Wall Street’s numbers swung back and forth Thursday despite a boost from the Federal Reserve which, along with central banks in Europe, Canada and Asia, pumped as much as $180 billion into money markets to combat shock waves from the worst financial upheaval since the Great Depression of the 1930s.
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Ford, Toyota Post Sharp Drop in Sales

Your company is bankrupt, you keep $480m. Is that fair?

Hundreds of car dealerships are apparently doomed

America’s No. 1 Export: Debt

Should You Lease a Car or Buy New?

Wall Street Swings Day After Meltdown

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