Financial

Toyota Posts First Profit In Months, Lifts Sales Projections
Toyota Posts First Profit In Months, Lifts Sales Projections

Detroit's Big Three may have grabbed most of this week's headlines, but that doesn't mean that the rest of the world's automakers have been sitting on their hands. One story that isn't getting much play is the fact that Toyota Motor Company -- which posted its first-ever loss last fiscal year --...Read More»

Alan Mulally
Ford Posts Strong Financial Data, First Profit Since 2005

The rumors were true: Ford Motor Company has just published financials from the third quarter of 2009, and without being overly optimistic, it's fair to say that the data is moderately rosy. Among several bright spots in the report, one that seems particularly impressive is that July - September of...Read More»

Rashed A. J. Al Fahim, Andreas Ernst, Abdul Jabbar Gargash
Daimler Provides Sharia-Compliant Loans To Mid East Buyers

When Westerners think of Sharia -- the strict code of Islamic law -- we tend to think of...unpleasantness. Stonings, beheadings: that sort of thing. However, Sharia also covers financial issues, including lending practices. Specifically, Sharia prohibits the charging of interest on loans. That's...Read More»

Capitol Hill
Legalwatch: Legislation To Oversee Auto Dealers In The Works

With the recent restructuring of Chrysler and General Motors, there's been a lot of focus on auto dealers -- particularly those who were axed from the two companies' networks. Considerable time and energy on Capitol Hill has been dedicated to protecting dealers during the bankruptcy process, but...Read More»

The iPhone app from Mercedes-Benz Financial
Need To Pay Your Car Note? Mercedes-Benz Has An App For That

The concept of making payments by mobile phone is not a new one. For years, articles and ads have heralded a bright, shiny future wherein we'll all be able to purchase soft drinks, gas, and other things with a wave of our phones instead of that "other plastic" (i.e. the trusty credit card)...Read More»

Ford Figo
Ford Profitable By 2011; Launches New Facility In China

Despite the general unpleasantness that's plagued the auto industry for over a year, Ford is doing comparatively well these days. In fact, given the gradually rebounding global economy and Ford's new strategic alliances in Asia, CEO Alan Mulally feels fairly optimistic about the next two years...Read More»

2009 Tesla Roadster         Photo Credit: Rex Roy
Tesla Roadster Offers Financing Via Bank Of America

Say what you will about the shouting going on at Tesla these days, but there's no denying that the company's Tesla Roadster is a beaut. Only problem is, with its $100,000+ price tag, the Roadster costs more than some folks' homes are worth. Luckily, Tesla has just announced that Bank of America...Read More»

Porsche Volkswagen Merger
Porsche Scrambling To Secure Financial Future, Rejects VW Offer

The bravado necessary to run a company like Porsche well has so far been one the of the strengths of the company's current leadership, in particular Wendelin Wiedeking, as it attempts to acquire Volkswagen AG. But that brave move was caught in the unfortunate timing of the current economic crunch...Read More»

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