General Motors Company (NYSE:GM) is increasing stakes on its bet so as to sales of fuel-thirsty sport utility vehicles will keep driving its worldwide profits as Chinese as well as other markets sag. GM reported on Tuesday it aims to spend $1.4B to modernize the factory in Arlington, Texas, with […]

General Motors Company (NYSE:GM) expected to released that it’s spending over $1B on a huge extension of its SUV factory in Arlington, Texas. The firm wouldn’t comment on specifics of the investment, other than it has slated a news conference for 1 p.m. Central Time at the factory. Cathy Clegg, […]

General Motors Company (NYSE:GM) declared that it was recalling around 780,000 crossover SUVs, mostly in North America, for the reason that their rear power lift gates could suddenly fall as well as hit people. The recall covers the Buick Enclave from model years 2008-2012, the Chevrolet Traverse from 2009-2012, the […]

General Motors Company (NYSE:GM) declared on Thursday that it is recalling around 200,000 older model Hummer SUVs, mostly in the U.S., to fix problems so as to have led to 42 vehicle fires as well as three people being burned, according to company. In a separate recall, 50,731 newer model […]

Toyota Motor Corporation (NYSE:TM) released that its U.S. sales for June rose 4.1%, as strong sales of trucks as well as crossover SUVs helped the Japanese automaker offset weak car sales. Toyota’s U.S. sales in June rose 4.1% to 209,912 units from 201,714 units a year before. June 2015 had […]

Citigroup cut its its rating on shares of Netflix, Inc. (NASDAQ:NFLX) to “Neutral” from “Buy” and Societe Generale downgraded the stock to “Sell” from “Buy.” The activist investor Carl Icahn also declared that he has sold his remaining stake in Netflix. Netflix gapped open lower Thursday and fell during the first […]