Archive for January, 2017

General Motors And Honda Partner Up On Fuel Cells

General Motors (NYSE:GM) and Honda (NYSE:HMC) have announced a manufacturing joint venture that will mass produce an advanced hydrogen fuel cell system to be used in future vehicle models. The companies equally split $85 million in investment for the new manufacturing venture, called Fuel Cell System Manufacturing LLC. The joint venture was announced Monday in […]

General Electric Meets Profit Estimates In 4Q

General Electric (NYSE:GE) met expectations for profit in the fourth quarter of its fiscal year. GE’s net earnings fell 45 percent compared to a year earlier, dropping to $3.5 billion. The company earned 46 cents on a per-share basis, meeting the expectations of polled analysts. The company also reported a slump in revenue for the […]

Bank of America Reports Mixed Results For Q4

Bank of America Corp. (NYSE:BAC) reported mixed results for the fourth quarter of its fiscal year. The company reported that its earnings surged 47 percent in the quarter through Dec. 31, rising to $4.34 billion, or 40 cents a share, from $2.95 billion, or 27 cents a share, a year ago. On an adjusted basis, […]

Ford Ends Plans To Build New Plant In Mexico

Ford Motor Company (NYSE:F) chief executive Mark Fields has announced that the company has canceled its plans to open a factory in Mexico, preferring to add that work to a plant in Flat Rock, Mich. Ford previously said it would move small car production from the U.S. into that new factory. The announcement was made […]