Entries tagged "MasterCard"
Automakers on Monday reported bleak December sales, marking the industry's worst year since 1992, with sales at Chrysler LLC falling 53%, Ford Motor Co. falling 32%, General Motors Corp. announcing a 31% decline, and Toyota Motor Corp. and Honda Motor Co. sliding 37% and 35%, respectively. Despite the dismal top-line numbers, shares of the two publicly traded U.S. automakers, GM and Ford, rose 2.74% to close at $3.75 and 4.88% to close at $2.58, respectively. Maybe shareholders are hanging onto hopes that the Treasury Department will dole out a few billion more for Detroit? Not likely. ...
