Auto Sector Archive

Auto Insurance Quotes Come To Google Compare Service

California drivers shopping for auto insurance online can now receive USAA rate quotes and coverage information in their Google search results through the Google Compare service that debuted in March 2015.   USAA is piloting the program in California in an effort to explore new ways to reach more of the estimated

Chrysler Could Be Worth Up To $13.5 Billion In IPO

Chrysler Group LLC, which could be heading for an initial public offering, could be worth anywhere from $9 billion to $13.5 billion on the open market, according to analysts reports. The auto maker’s valuation has come into question because of a dispute between its majority shareholder, Fiat SpA (FIATY, F.MI), and a

Job Losses Hit 25 Year High

The U.S. unemployment rate rose to a 25-year high of 8.1 percent in February as employers, buckling under the strain of a severe recession, axed 651,000 jobs, government data showed on Friday. Adding to the gloom, a combined 161,000 more jobs were lost in January and December than previously believed, the U.S.

Worst Slump In Recent History For Auto Sales

Yahoo has latest story about worst auto sales: August auto sales fall; some say worst may be over Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out. Most upbeat were executives from General Motors

Interesting Stories That You Missed – 2

Over the past few days i came across some interesting news/facts which deserves some limelight. Fannie & Freddie Help OutGovernment-backed mortgage finance companies Fannie Mae (FNM) and Freddie Mac (FRE) will help out struggling mortgage holders to avoid foreclosures. Fannie Mae has planned to give borrowers the option of refinancing out of

Are You in Sync with Ford ?

The entire auto industry year-to-year sales dropped 0.5%. The total market share of the U.S. Top 3 fell to 54% from 56.6%, where as Asian automakers up their share from 37% to 39.4%. Facts: Vehicle Sales Year to YearAsian Top 3 -> Toyota (TM) = +12%, Honda (HMC) = +3.2%, Nissan (NSANY)