MUMBAI (Dow Jones)--India's Bajaj Auto Ltd. (532977.BY) on Sunday said that July sales grew 65% from a year earlier. ...
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By SHARON TERLEP DETROIT—President Barack Obama on Friday declared the controversial bailout of the U.S. auto industry a success in visits to Detroit auto plants that came weeks before General Motors Co. is expected to take a critical step toward an IPO.
Public and investor support of the U.S. government's $60 billion rescue of GM and Chrysler LLC is important to Detroit auto makers as they prepare to make a return to public markets that will rely on solid sales and Wall Street support.
Even as President Barack Obama talked a good game on the United States’ economy, the U.S. Bureau of Economic Analysis revealed worrisome figures showing a deceleration in the ongoing economic recovery, with quarterly real gross domestic product growth rate dropping from 3.7 per cent to 2.4 per cent.
In a speech made during a visit to the General Motors’ factory in Detroit, President Obama hailed the successes of his administration’s actions in restructuring the auto industry and called upon Republican leaders to stop blocking aid for small businesses. He argued that as a result of the government’s decision to bail out GM and Chrysler they had emerged from the brink of bankruptcy and added 55,000 jobs – “the strongest period of job growth in more than ten years”.
Mr. Obama further noted that for the first time since 2004, all three U.S. automakers were operating at a profit and sales had begun to rebound. However, he conceded, “There is no doubt that we have a long way to go and a lot of work to do before folks here and across the country can feel whole again.” In this context, the President said it would be “commonsense” to give additional tax breaks and badly-needed lending assistance to America’s small business owners through the Small Business Jobs Act. Yet Republican leaders in the Senate “once again used parliamentary procedures to block it”, he said, calling upon them to set aside partisan manoeuvring and allow an up-or-down vote on the bill.
Auto-driver ends life Times of India The deceased has been identified as Vijay Gupta, an auto-driver, who was a resident of Awas Vikas colony in Hanspuram. SO, Naubasta, said that the deceased ... |
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O'Reilly Automotive Inc. (ORLY) second-quarter earnings rose 16% and beat guidance after adjusting for charge, as the auto-parts retailer increased sales more than expected.
But company predicted earnings in the current quarter of 69 cents to 73 cents, mostly below the average estimate for 72 cents from ...
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