Facebook and PayPal are piecing together what could become a powerful payment system. Focused on virtual goods and online games for now, the emerging payment scheme may find a much wider range of uses, including in the real world. Continue reading Facebook Credits: Small Tokens With Big Commercial Potential Facebook Credits: Small Tokens With Big Commercial Potential originally appeared on DailyFinance on Wed, 03 Mar 2010 16:00:00. Filed Under: Technology , Facebook Permalink | Tweet this! | Comments

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Facebook Credits: Small Tokens With Big Commercial Potential

The man largely responsible for reviving General Motors’ image as a maker of innovative automotive designs is calling it quits, the company said Wednesday. After 47 years in the automotive industry, Bob Lutz, 78, will step down May 1 from his posts as vice chairman and senior adviser. Continue reading Having Reinvigorated Design at GM, Bob Lutz Is Retiring Having Reinvigorated Design at GM, Bob Lutz Is Retiring originally appeared on DailyFinance on Wed, 03 Mar 2010 17:15:00. Filed Under: Company News , Economy , General Motors , Autos Permalink | Tweet this! | Comments

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Having Reinvigorated Design at GM, Bob Lutz Is Retiring

U.S. Secretary of Transportation Ray LaHood has described the federal car trade-in program known as “Cash for Clunkers” as “the most wildly successful program ever.” Speaking at the 2010 North American International Auto Show in Detroit last week, LaHood said “you see no criticism of Cash for Clunkers in America.” Continue reading Is ‘Cash for Clunkers’ Gearing Up for a Comeback? Is ‘Cash for Clunkers’ Gearing Up for a Comeback? originally appeared on DailyFinance on Mon, 18 Jan 2010 10:00:00. Filed Under: Economy , Green Permalink | Tweet this! | Comments

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Is ‘Cash for Clunkers’ Gearing Up for a Comeback?

Strong demand for some General Motors models is causing the Detroit auto maker to consider reopening some plants it closed in recent months as GM downsized its business. Plants that build the Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover vehicles and the Buick LaCrosse sedan are at capacity and can’t meet demand, said Mark Reuss, GM’s North America president (pictured), speaking to reporters at the Detroit auto show that got underway Monday. Continue reading As Demand Ramps Up, GM Considers Reopening Closed Plants As Demand Ramps Up, GM Considers Reopening Closed Plants originally appeared on DailyFinance on Mon, 11 Jan 2010 16:00:00. Filed Under: Company News , Economy , General Motors Permalink | Tweet this! | Comments

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When history is written, 2009 will go down as an ignominious year for Detroit. Driven to the brink by a potent combination of fleeing customers and a free-falling economy, General Motors and Chrysler were left staggering in the first half of the year, finally capitulating to bankruptcy after Uncle Sam intervened to save the companies. Once icons of American industrial might, the automakers cut jobs, closed plants, eliminated models and shed storied brands. Continue reading GM and Chrysler Face Steep Road to Recovery in 2010 GM and Chrysler Face Steep Road to Recovery in 2010 originally appeared on DailyFinance on Mon, 28 Dec 2009 10:00:00. Filed Under: Company News , Economy , General Motors Permalink | Tweet this! | Comments

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GM and Chrysler Face Steep Road to Recovery in 2010

Filed under: General Motors General Motors Chief Executive Fritz Henderson, the company’s second CEO this year, has resigned and been replaced by interim CEO Ed Whitacre, a member of GM’s board of directors. GM made the announcement at a hastily called press conference at its Detroit headquarters “to announce significant decisions reached today by the GM Board of Directors,” the website of the Detroit Free Press newspaper reported. Freep.com also reported that Whitacre has been named chairman of GM. Continue reading GM CEO Fritz Henderson resigns; interim CEO named GM CEO Fritz Henderson resigns; interim CEO named originally appeared on DailyFinance on Tue, 01 Dec 2009 17:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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GM CEO Fritz Henderson resigns; interim CEO named

Filed under: Company News , Economy , Honda Motor Co. , Ford Motor Co. , Toyota , General Motors November is a notoriously weak month for auto sales. So it’s perhaps a bit surprising that several carmakers reported either increased or steady sales last month, despite concerns among analysts and others that last summer’s “cash for clunkers” program would merely rob sales from the months to come. But Toyota Motor ( TM ), whose Corolla model topped sales charts during a nearly month-long rebate program, reported a surprise 2.6% sales rise last month compared to a year ago, while Nissan also beat expectations with a 20.6% jump. Hyundai Motor reported a 46% increase, and its fellow Korean brand, Kia Motor, reported a 18.3% boost. Sales were less sanguine at Ford Motor ( F ), which reported flat sales in November , while those at General Motors slipped 1.8%. Chrysler Group said sales tanked 25%. Continue reading Automakers report mixed sales results, with GM, Honda, Chrysler slipping Automakers report mixed sales results, with GM, Honda, Chrysler slipping originally appeared on DailyFinance on Tue, 01 Dec 2009 18:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Technology , Google , Microsoft , Yahoo Competitor-focused strategies fail, while customer-focused ones win. This comes to mind in thinking about a possible deal to take search advertising market share from Google ( GOOG ). It’s now well known that Microsoft ( MSFT ) and News Corp. ( NWS ) are discussing teaming up in an effort to take out a rival (the competitor – focused strategy), whereas Google is on the side of creating competitively superior value for consumers and the advertisers seeking to reach them (the customer-focused strategy). Google’s approach is better because customers are the ones who are paying, and while Microsoft and News Corp. are busy trying to take a piece out of Google’s hide — with Microsoft paying News Corp. to remove its links from Google and put them on Bing — their struggles to partner will distract them from serving customers. And that could give Google a chance to take search traffic away from Bing. Continue reading Why Ballmer and Murdoch’s attack on Google is doomed Why Ballmer and Murdoch’s attack on Google is doomed originally appeared on DailyFinance on Tue, 24 Nov 2009 14:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Economy , General Motors It seems General Motors ( GRM ) isn’t have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab unit fell apart Tuesday, according to news reports, threatening an end to the Swedish manufacturer of niche automobiles. GM had hoped to seal the deal on the sale of Saab to a consortium led by Swedish luxury car builder Koenigsegg Group at the end of next month. But on Tuesday, Koenigsegg suddenly pulled out after it was unable to secure financing in time to close the deal. Continue reading No sale: GM’s Saab deal falls apart after Swedish buyer pulls out No sale: GM’s Saab deal falls apart after Swedish buyer pulls out originally appeared on DailyFinance on Tue, 24 Nov 2009 15:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Technology , Economy On first reading, today’s press release from Chrysler sounds like great news. The company’s sales are up 30 percent from June, and five models have set sales record for July. Sales of Jeep Patriots have increased by 134 percent over last year, and Caliber sales are up 63 percent. PT Cruisers have shot up by 24 percent, and “consumer traffic” in Jeep, Dodge, and Chrysler showrooms was more than twice that of July 2008. On the surface, then, it was a fine month for Chrysler. The company’s sales of 88,900 units were fairly impressive, as were the figures of 76,693 retail vehicles moved. In fact, retail sales were up 52 percent over July 2008 and 106 percent over June 2009. Continue reading Can ‘cash for clunkers’ drive Detroit out of a hole? Well, not quite… Can ‘cash for clunkers’ drive Detroit out of a hole? Well, not quite… originally appeared on DailyFinance on Mon, 03 Aug 2009 16:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Can ‘cash for clunkers’ drive Detroit out of a hole? Well, not quite…