America's Business
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General Motors' two-degree turnaround
Continue reading… 0 CommentsRick Wagoner might have been boasting too soon. When General Motors recently announced second-quarter earnings that surprised and impressed Wall Street, the CEO crowed, "Conventional wisdom is that you can't turn a ship as big as GM around quickly. We aim to prove that conventional wisdom wrong."
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Detroit blows more smoke on hybrids
Continue reading… 0 CommentsSo now that hybrids have enjoyed their moment in the sun, the obligatory backlash seems to be forming. Ford Motor Co., struggling to return to profitability, recently backed away from its bold, less-than-year-old plan to build 250,000 hybrids a year by 2010.
