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March 1, 2009 - March 7, 2009 Archives
Ford seeks to cut $10 billion in debt
Ford offered to exchange up to 40 percent of its debt for cash and stock, according to The Associated Press. Ford and its financial arm, Ford Motor Credit Co., are putting up $2.2 billion in cash to entice holders of...
March 5, 2009 9:29 am
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Backseat Driver: Changing Times
There are moments in history when the fabric of society in all its dimensions - economic, political and social - is rent apart like the casing of a cocoon and there emerges a new world order. The Civil War, WWI,...
March 5, 2009 9:29 am
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Already Bleak, Auto Sales Take a Fall in February
DETROIT -- Despite their offers of deeper discounts, automakers had more trouble luring shoppers into showrooms in February, when vehicle sales fell to their lowest level in 28 years, according to The New York Times. Auto companies, which reported sales...
March 4, 2009 9:48 am
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AutoZone reports 2Q profit rose 8.6 percent
MEMPHIS, Tenn. -- AutoZone Inc. reported a second-quarter profit increase of 8.6 percent Tuesday, as car owners and mechanics increased spending on automotive parts and supplies for used vehicles, according to The Associated Press. Memphis, Tenn.-based AutoZone earned $115.9 million,...
March 3, 2009 11:40 am
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Toyota in talks for Japan government loan
TOKYO -- Toyota's financing unit is in talks with a Japanese government-backed bank on possible lending, the automaker said Tuesday, underlining the serious woes facing the car industry amid plunging global sales, according to The Associated Press. Toyota Motor Corp....
March 3, 2009 11:40 am
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