CarMax Hits the Skids
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Sales and earnings at the sleepy end of predictions may put the brakes on CarMax's recent race.
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A slowdown in automobile and financial advertising hurt the companyÂs advertising sales over the last few weeks.
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Plus, GM's spinning wheels, and Hooker takes a hit.
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The automaker's new CEO helped turn around aerospace giant Boeing, but the car industry is in worse shape.
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General Motors Corp. said yesterday its US light vehicle sales plunged 21.3 percent in June, while Toyota Motor Corp. reported its vehicle sales jumped 10.2 percent.
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The auto-parts company needs to figure out how to fix itself.
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MG Rover will unveil pre-tax losses this week of about Â£50m as it struggles to survive in the British car market. The losses are down from Â£95m for the previous year, but sales fell to 144,000 last year, compared
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To say that Volkswagen is heading for a crash only modestly exaggerates the gravity of its problems.
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The MR2 is built. Dear god, I am sore and tired. &nbsp;It started Friday night and was expected to be a job done by Saturday afternoon. Sunday afternoon rolls around and we're still smashing things... There's odds and ends to clean up (I'm absolutely sure it needs an alignment and set of plugs) but otherwise I am done working on cars for quite awhile.
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Vendors worry about the impact on their own businesses. Also: Satellite radio car competition & hellip;. A Chinese car powered by bleach & hellip;. and more.
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The payday lender's used-car dealerships fail to jumpstart revenue.
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The Nissan Maxima&#39;s fancy headlights have made it such a target for thieves that Maxima&#39;s rate of insurance theft claims has gone from inconsequential to second-highest among all vehicles, according to a report out Tuesday.
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The German car maker - losing market share fast in recent months - hits back with models to enable it to compete in new markets.
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Some new cars lose more than three-quarters of their value within three years, Which? magazine says.
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For all of 2006, the worldâs largest automaker reported a $2 billion loss but cited progress in its restructuring.
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General Motors Corp. (NYSE:GM) is reporting the largest annual loss ever for a U.S. automotive company.
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With its key product line in deep trouble, the carmaker has been forced take some dramatic action to salvage its turnaround plan