FRANKFURT, May 25- German utilities are likely to partner with automakers to tap into a 1 billion euro government incentive scheme for electric cars, an RWE executive said. "We assume there will be partnerships between utilities and carmakers in the near future," Thomas Birr, head of strategy at RWE, Germany's second-biggest utility, told Reuters. » Read More
The rental car industry is heating up, as Avis' chairman and CEO sends a letter to top executives at Dollar Thrifty.
The cars displayed were either environmentally friendly, fast or small and sometimes all three. Take a look at some of the highlights from the 2010 Beijing International Auto Show.
GMAC Financial Services Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial, as the consumer lender aims to put a failed foray into the mortgage business behind it.
Of all the auto executives I have covered, GM Vice Chairman Bob Lutz may be the one who generates the most spirited response from viewers and readers. His fans love him. Critics think he gets too much praise.
China’s car market presents investors with a new, uncomfortable normal. Never before in the history of the automobile has so much demand expanded so quickly for so many years in row. But should they be tempering their optimistic feelings with some good old-fashioned vigilance?
There's an interesting choice facing Ford investors right now. Sell some stock and take profits after a spectacular run-up in the last year, or hang on and bet that Alan Mulally and company can prove Wall Street wrong again and outperform expectations, pushing the stock even higher.
The statistics on distracted driving are pretty scary. Just making cellphone calls increases your chances of crashing by four times; sending text messages increases the risk 23 times. We know this, we get this, but we keep doing it.
Cars don't leave you. They don't step out on you. They don't tell you they have to work late, only to spend the night in someone else's garage.
Toyota says it is recalling about 50,000 Sequoia sport utility vehicles from the 2003 model year to fix an unexpected slowing of the vehicle.
They aren't sexy. In fact, some might even call them boring. But one thing that stands out about Honda cars, SUV's and minivans is their appeal to buyers who want reliability and fuel efficiency.
The cautious optimism is gone - replaced with a confidence in a profitable future. For Ford CEO Alan Mulally the company has transitioned into a new phase of growth. From here forward, Ford not only will be expected to be solidly profitable. And not just in most parts of the world, but in every region- including the U.S.
GM is running TV ads claiming that they have repaid their government TARP loan of $8 billion and change early. Eight billion? So what is that stock worth asks William Dunkelberg, Economics Professor at Temple University.
Plus, get calls on the banks, autos, retail and more.
As Ford prepares to file quarterly earnings that are expected to show the company earned at least a billion dollars in profit for Q1, investors are starting to ask themselves, "Where does Ford go from here?"
Whenever I blog about the Beijing Auto Show I invariably get a slew of e-mails from people saying one of two things: Detroit is a more important auto show and/or who cares about what happens in China.
Walk through the massive Beijing Auto Show 2010 and you know immediately that the race for clean energy cars leadership in China is officially on. But is the Chinese consumer ready?
The global auto industry is driving out of a crisis, supported by increasing appetite from China, Carlos Ghosn, President and CEO, Nissan & Renault told CNBC Friday.
For every 1,000 people in China, 30 own a car. In the US, the figure is 700 or 800. Selling cars to the bicycling masses of China is a prospect to make any carmaker salivate.
The smile on the face of GM Chairman Ed Whitacre Jr. says it all. The quiet confidence from GM Vice Chairman Steve Girsky makes it clear. Read between the lines, you'll see GM is speeding toward profitability.
As most of us focus on GM paying off its remaining loans to the U.S. And Canadian government, few are paying attention to Detroit's other troubled automaker.