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Honda Earnings Down, Longer-Term Forecast Up – For Now

Honda Earnings Down, Longer-Term Forecast Up – For Now

Honda is raising its profit forecast for the current fiscal year – even as the rising yen takes a toll on its current performance. The maker forecasts it will earn 500 billion yen – or $6.2 billion – for the fiscal year ending March 31, 2011, a sharp increase from an...
GE Proposing Largest Battery-Car Purchase Ever

GE Proposing Largest Battery-Car Purchase Ever

General Electric, the industrial giant that provides the equipment generating a third of the world’s electric power now wants to charge up the electric vehicle market. GE CEO Jeffrey Immelt’s plan to buy “tens of thousands” of battery cars could very well kick-start...
Driving 2011 Nissan Leaf

Driving 2011 Nissan Leaf

Rolling down the entrance ramp and spotting an open space between the trucks clogging up I-65, I stomp on the accelerator of my 2011 Nissan Leaf, watching it race from 60 to 70, 75 to 80, finally peaking just short of 95. All right, I probably didn’t need to move...
First drive: Ford Mustang GT

First drive: Ford Mustang GT

The number 5.0 holds a hallowed place in Ford lore. For more 25 years, Ford’s 5.0-liter V-8 powered everything from Thunderbirds to F-150 pickups to Broncos. But most notably, they powered Mustangs. Now, after 16 years in exile, the 5.0 is back. Ford retired the old...
CEO Akerson Leaves IPO Shrouded In Secrecy

CEO Akerson Leaves IPO Shrouded In Secrecy

All signs point towards the upcoming General Motors IPO, but the planned General Motors stock offering remains shrouded in secrecy. Though GM announced plans to reduce its debt by $11 billion on Wednesday (Click Here for more) chief executive Dan Akerson pointedly...
GM Reducing Leverage By $11 Billion

GM Reducing Leverage By $11 Billion

In a series of actions clearly designed to improve the maker’s balance sheet in advance of its planned IPO, General Motors has announced it will reduce debt and improve its pension funding position by a total of $11 billion — reducing annual costs by $500...
GM Confirms Plans For New Caddy

GM Confirms Plans For New Caddy

General Motors has confirmed a report published by TheDetroitBureau.com, yesterday, announcing plans to produce a new, smaller Cadillac model at the maker’s luxury car assembly plant in Lansing, Michigan. The move will require the investment of $190 million and will...
Bond, James Bond, DB5 Goes For $4.6 Million

Bond, James Bond, DB5 Goes For $4.6 Million

We’re not sure if Harry Yeaggy has a serious case of road rage or just a fixation with films.  He definitely does have plenty of money to spare…as he proved by snapping up the original 007 DB5, the Aston Martin coupe used by Bond, James Bond, in the long-running movie...
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