NEW DELHI, Oct 9- India's auto industry body called on Friday for a single set of emission norms to be introduced in the country, simplifying operations for carmakers who would be able sell the exact same car across the nation's 29 states. Volkswagen is still assessing the impact of the scandal on its business in India. India, which has some of the world's most...» Read More
Renault/Nissan CEO Carlos Ghosn is not a man to tiptoe into anything. When he leads his company into a new arena, he likes to go in charging. When Nissan stepped up to the U.S. full size pick-up truck market a few years back, he made a big splash in Detroit. Now, in Frankfurt, he's doing it again.
Cramer can’t understand why the president sounded so downbeat on Monday, especially when there were plenty of reasons to feel positive.
When artist Aaron Heideman lost his job at a paint-supply store, he decided it was time for a change. But his was a little more radical than most: He sold all of his possessions and started living in a van—a choice that could yield him $250,000.
After a year of going to auto shows that felt more like wakes, there's a sense the Frankfurt Auto Show starting Tuesday will bring optimism back to the industry. Call it premature. Call it wishful thinking. Call it whatever you like. But for those who relish auto shows because of the new models, styles, and trends they unveil, this could be the start of seeing the car business focus on cars.
An acrimonious trade dispute between China and the US is officially about tires, chickens and cars but is really much broader, the New York Times reports.
Bob Lutz is swinging for the fences. Knowing he has to move quickly to change the perception of GM cars and trucks, the head marketing man is putting his money where his mouth is. General Motors is offering a 60 day money back guarantee on the company line-up of '09 and '10 models.
Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].
A Congressional Oversight Panel report on the use of TARP funds to restructure the auto industry questions some of the decisions President Obamas Auto Task Force made with regard to GM and Chrysler.
Conventional wisdom says the very well off go through recessions with little or no impact...This fall, conventional wisdom will be tested. There are a slew of new models either hitting showrooms or being introduced for hitting the street next year
Before you make your next auto play, you should hear what Hyundai America CEO John Krafcik told us about the outlook for his industry!
August unemployment data were released this morning and the numbers were not as bad as expected. The rate of job losses is slowing, and some economists think that the rate of jobs lost should reach zero sometime around year end with job growth returning in early 2010.
For the nearly 15 million Americans who remain out of work, the holiday is just another day of drawing down savings and wondering where the mortgage payment will come from.
For those of you who received my Investor Brief e-letter on Monday, I wanted to follow up on the key items we were keeping an eye on this week and also mention a couple of other important developments.
After a day in the market that felt more like a punch to the solar plexus on Tuesday the market was surprisingly listless on Wednesday. There is usually some fireworks after a 90% down day, but not this time. There was even some news to chew on.
For as long as I've been covering the auto industry, I've seen some variation of this story on a regular basis. Every so often, there is a survey that shows a growing percentage of car buyers would be willing to consider sliding behind the wheel of a Big 3 car. Despite these encouraging reports, the Big 3 market share continues to slide.
The government's "Cash for Clunkers" program was "ingenious" because it coaxed wary consumers into re-leveraging their personal balance sheet, Doug Dachille told CNBC.
Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.
While most of us fixate upon GM gaining or losing market share here in the U.S., the company's success in China is a huge story that deserves more attention. Especially when you look at the latest report. In August, GM doubled sales in the country, selling more than 152,000. And this year GM's China sales are up 49% with 1.11 million vehicles sold.
Toyota Motor plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.
Stocks started September, a typically bad month for the market, with a sharp selloff amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery.