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We learned today that last year g.m. earned its highest profit in the history of the company. the car maker banked $7.6 billion in 2011. beating its old record by almost a billion bucks. the analyst credit strong sales here at home and in china along with the companys that rinking debt and much smaller workforce. the companys ceo says he expects another big boost this year with new cars, trucks, and higher prices. of course, our government still owns a big part of g.m. its stock has to double in...
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About two years or so. so some big moves in the oil market there. lets move on to a completely unrelated story. lets talk about the japanese car maker toyota because you would think that toyota has moved past all those recalls in the last two years. nope. well, actually yesterday toyota said its recalling an additional 2 million vehicles in the u.s. over accelerator pedal problems. actually, that recall came at the request of the national traffic security administration. the administration said ...
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Good morning, from cnn london. >> good afternoon from cnn hong kong. im andrew stevens. top stories this wednesday, february the 9th. toyota shares jump in tokyo. u.s. safety investigation finds there was no electronic cause for the unintended acceleration in the cars. theres been a selloff in shanghai. investors return from the lunar new year holiday to dieiest the latest interest rate hike. and why facebook will soon have to update its address on its profile page. so lets begin with a lo...
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Mortgage lending. well, just turning quickly back to japan on a positive day for japanese car makers. nissan motor reported third quarter earnings that beat expectations. profits for the seconde biggest japanese car maker to $than $971 million. sales were up by more than 5%. nissan has also raised the fiscal full year earnings forecast thanks to strong demand in asia. the company says it now expects net income of around $3.8 billion compared with $3.3 billion so, nina, a very similar story of ...
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