Toyota Motor Corp. posted a record profit of $ 11 Billion for the fiscal year ended as sales for the world’s largest car manufacturer grew across all major regions.
General Motors Corp. sales in April tumbled as consumers continued to turn away from once-popular, full-size SUVs such as the Cadillac Escalade, Chevrolet Tahoe, GMC Yukon and Hummer H2.
General Motors Corp. and Ford Motor Co. on Tuesday reported lower April U.S. vehicle sales as high gasoline prices, and ebbing demand for their once profitable SUVs, caused them to lose traction again to foreign competitors.
The seventh-largest U.S. carrier is in talks with America West concerning a merger that may allow it to emerge from bankruptcy.
US Airways Group, articulated that its first-quarter loss widened to $ 191 million on increased spending for fuel and lower fares. Labor and fuel are airlines’ largest expenses.
