The Managing Director of Tata Motors Karl Slym died suddenly in Thailand where he was attending a board meeting. India-based Tata said in a statement it “deeply regrets to announce the untimely and tragic” death of Mr Slym. The circumstances of his death were not immediately apparent, although several media reports said he may have had a fall at a ... Read More »
General Motors is recalling 475,418 Chevrolet Cruze sedans after it found that there is a risk of fire accident in these vehicles. Generals Motors said that it wants to modify the under-engine shield so flammable liquids are not trapped in the engine compartment. The recall covers 2011 and 2012 Cruze sedans that were built at GM’s Lordstown, Ohio plant from ... Read More »
Today has seen General Motors – also known as GM – start trading on the NY Stock exchange on IPO day, you should be able to see the GM stock price today on Market Watch. The initial public offering has set records, which analysts expect GM to raise around $23 billion that could be marked as the largest IPO in ... Read More »
PITTSBURGH – President Barack Obama said Tuesday his administration has pulled the economy back from the brink and is determined to reinvigorate America’s middle class. Shoring up a key part of his political base, Obama told a convention of the AFL-CIO that the administration is a fierce supporter of workers’ rights and defender of organized labor. He also challenged members ... Read More »
The recession hit automobile giant Ford is back on track. It has managed to post $2 Billion quaterly net profit. Ford Motors managed this purly from restructuring. Ford also said it was on track to at least break even in 2011. This made the investors happy! It shot Ford shares up more than 9%. Ford also posted an operating loss ... Read More »
General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The bankruptcy filing is the third-largest in U.S. history and the largest ever in U.S. manufacturing. The decision to push GM into a fast-track bankruptcy and provide $30 ... Read More »
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