Bob Rohrman, Owner of Lexus of Arlington, joins CNBC's Kelly Evans to discuss his luxury dealerships that feature not only a showroom and service center, but a 170,000-square-foot main building with movie theater, playground, massage chairs, gym, golf putting green and a salon.» Read More
When I called folks I know in the various auto companies to wish them a Merry Christmas, I heard the same thing over and over. I'm thankful to still be working and I'm wondering how much worse things will get next year.
General Motors may have its lifeline from the federal government, but another crucial vote is looming that will affect its ability to provide car loans to customers, the New York Times reports.
Cramer is outraged. This morning, a piece at the Wall Street Journal lauded Cerberus, the private-equity firm that owns Chrysler and even called it a hero. "Excuse me?" questions Cramer querulously. In his mind, Cerberus is hardly a hero and definitely doesn't deserve praise for "risking" its capital in buying Chrysler last year -- especially now that the troubled car manufacturer is seeking government bailout money.
Ray Lane's got a bone to pick with Detroit and Washington: quit your whining, partner up with innovators here in Silicon Valley, and consumers, investors, auto industry workers, politicians, executives and America will be better off for it.
Friday's bailout may have saved GM (and by association, Ford) but investors are trading these stocks as if they are headed for bankruptcy. That's because when it's all said and done, GM will have to re-structure itself as if it were in bankruptcy.
Standard & Poor's Ratings Services and Moody's Investors Service downgraded ratings for Chrysler and Ford Motor.
It sure feels like a holiday on Wall Street but without the merry making. Monday's wishy washy market ended lower and traders said they expect more of the same low volume trading Tuesday.
The Dow slid on Monday on more evidence the year-long recession will keep eating into corporate profits...
Most of you are waking up this morning, hearing that Toyota has just forecast it's first annual loss in decades, and may be saying, "Wow, even Toyota is hurting." This news shouldn't come as a surprise.
The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey released Sunday.
The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.
General Motors and Chrysler will receive up to $17.4 billion in short-term loans from the US government as part of an aid package to the troubled auto industry.
President Bush, General Electric and oil all came together to kill the markets.
Financing company GMAC said in a regulatory filing Thursday that about $16.9 billion, or 58 percent, worth of its notes have been tendered as part of a plan to swap $38 billion of debt and amass enough regulatory capital to become a bank holding company.
The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry.
At the Los Angeles Auto Show last month, the Chrysler stand was a dimly lit and uninspiring display. A glaringly obvious example Cerberus is not spending anything more than the bare minimum to keep Chrysler alive.
The deals on new cars right now are astounding. But to be a savvy car shopper, you need a strategy.
Investors are still sorting out what the Fed's moves this week mean, but if you look at some corners of the credit markets, there are signs of thaw.
The Fed's historic assault on the financial crises cheered stock investors Tuesday and could carry the market higher Wednesday.
Alan Mulally, CEO of Ford Motor, said he sees signs that the auto market has stabilized and hopes for an industry recovery in the second half of 2009.