Consumer Cyclicals articles

Expedia Shares Plunge As Stormy Weather Batters Results

Expedia Shares Plunge As Stormy Weather Batters Results

Expedia Inc (NASDAQ:EXPE) shares plummeted sharply on Friday, losing 16% and have fallen by another 3% this morning after the online travel company reported its third-quarter earnings on Friday. Based on the data, the company posted a profit of $2.51 per share, below analysts’ estimates of $2.62 per share. The sharp decline in the stock was its most

Ford Motor Company (F) Braces For Impact of Russian Ruble, Worsening Economy

Ford Motor Company (NYSE:F) chief financial officer Bob Shanks pointed to the falling ruble and the worsening economy as factors that makes a heavy pressure on the carmaker’s market share in Russia. In an interview with German daily Handelsblatt quoted by Reuters, Hanks said that “2015 does not look good” for Ford. The company have

Tesla Motors Inc (TSLA)’s Mass Electric Car Market Doubtful: Co-Founder

Tesla Motors Inc (NASDAQ:TSLA) co-founder Ian Wright never believes in the potential of an electric car in the mass market. In an interview with the San Francisco Business Times, Wright expressed surprise at the electric carmaker’s performance. Noting the Model S’ sales success, he said he didn’t expect that Tesla would perform better that he

GM Motors Company (GM) Receives 108 Additional Claims on Faulty Switch Ignition

General Motors Company (NYSE:GM) reported an additional 108 claims related to its faulty ignition switch, raising the total number of fatalities at 49 last week, up 4 more than previous tallies. The new claims brings the total to 2,818. The car maker issued massive recalls last year, aiming to repair vehicles equipped with  faulty ignition

Tesla Motors Inc (TSLA)’s Model X Gets Challenger in China’s GAC WitStar

Tesla Motors Inc (NASDAQ:TSLA), which boasts of an upcoming Model X semi-autonomous electric car, gets a challenger from China’s GAC WitStar. Showcased at the 2015 Detroit Auto Show, the WitStar model from GAC Motors in Guangzhou, China resembled the look of the Model X, according to Business Insider, and amazed audience with a particularly wild

GM Motors Company (GM) Protected by Attorney-Client Privilege on Ignition Switch Report Notes: Ruling

General Motors Company (NYSE:GM) is protected by attorney-client privilege regarding the company’s notes on a report on the ignition switch recall, in a ruling on the matter issued by  U.S. District Judge Jesse Furman. The report in question, called “Valukas report”, is a public document,  but the notes on 350 interviews conducted by lawyer Anton

General Motors Company (GM) Forecasts Better Profits for 2015

General Motors Company (NYSE:GM) sees itself in a position for realizing better profit in 2015, after recording a performance for 2014 that was better than it expected. The automaker, which has been plagued with expensive recalls and related compensation settlements that cost it about $2 billion last year, also cites growth in its two largest

Google Inc (GOOGL) Working With Automakers for Self-Driving Car

Google Inc (NASDAQ:GOOGL) is working towards releasing its autonomous self-driving cars within five years time, and is seeking to work with leading automakers on this goal.  Google’s self-driving car project director Chris Urmson, speaking before an audience at the Automotive News World Congress in Detroit, said that Google wants people to ride its self-driving cars

Tesla Motors Inc (TSLA) Shares Slip on Declining China Sales

Tesla Motors Inc (NASDAQ:TSLA) shares declined up to 8 percent, or as low as $188 per share,  in after-hours trading on Tuesday,  following announcement of weak performance in China by Tesla CEO Elon Musk. Speaking at the Automotive News World Congress in Detroit, Musk said that sales figures in China was lower than expected. He