By Chris Isidore, senior writerJuly 23, 2010: 9:55 AM ET NEW YORK (CNNMoney.com) — Ford Motor continued its successful turnaround as better-than-expected sales and profits easily outdistanced expectations and reversed the operating loss of a year ago. The automaker earned $2.7 billion, or 68 cents a share, excluding special items. The consensus forecast of analysts [...]
Archive for July, 2010
11 Jul
Toyota lashed out at instructor during big recall
CARBONDALE, Ill. -It’s the kind of publicity any university might dream about: An instructor uncovers a possible flaw that’s causing some of the world’s most popular cars to accelerate suddenly. His ground-breaking work attracts interest from Congress and reporters worldwide. But as Southern Illinois University’s David Gilbert sought to show that electronics might be to [...]
11 Jul
ADP Revs Its Car Business With a $400 Million Deal for Cobalt See full article from DailyFinance: http://srph.it/9B2hga
With $2.1 billion in the bank and continued strong cash-flow generation, Automatic Data Processing (ADP) is nicely positioned to pull off acquisitions. And in the past week, the large provider of HR, payroll and benefits administration services has struck two deals. First, ADP purchased Workscape, which provides integrated benefits and compensation services. Then, a much [...]
11 Jul
As Toyota Joins With Tesla, Alternative Fuels Become a Major Focus
Before Toyota Motor (TM) became mired in recall woes, the Japanese automaker was well-known for developing innovative vehicles such as the Prius gas-electric hybrid. Now, the company is preparing to move to other alternative fuel technologies to ensure its future viability, according to reports. Toyota’s recent $50 million investment in electric-car start-up Tesla Motors (TSLA) [...]
