LONDON, Nov 25- Shahriar Tadjbakhsh, the former chief operating officer of Exor, the Agnelli family's investment company, has launched an activist hedge fund in Europe called Altaone Capital, sources familiar with the matter told Reuters. Tadjbakhsh, 52, a U.S. citizen of Iranian origin who was previously a partner at Wall Street firm Goldman Sachs, has teamed up...» Read More
The Energy Department is lending money to the Ford Motor from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said Monday.
A closely watched study of new vehicle quality says Ford, General Motors and Chrysler have improved, but they still lag behind foreign competitors like Toyota.
In addition to the recession, and the bankruptcies of Chrysler and General Motors, a new threat has appeared in the rearview mirror. Many smaller automakers are gaining a bigger share of the market, most notably Hyundai and Kia.
Auto retailer CarMax said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop, a loss in its auto financing arm and charges related to loans, but still beat Wall Street expectations.
While most of us have been focused on the turmoil churning up GM and Chrysler the last 9 months, there's been far less attention given to the fact almost every other auto maker is struggling right now.
The UAW VEBA fund has named auto consultant and former auto analyst Steve Girsky to the board of General Motors. It's an appointment that should be applauded at GM, in Detroit, and on Wall Street.
Could it be we Americans are ready to take a new look at the Big 3? A couple of data points coming out this week show good news for GM and Chrysler, and by extension of being a domestic auto maker, for Ford as well.
It's your turn to vote on what you think is the worst US city for road rage! Also, check out our slideshow that lists the ten worst as reported in a recent survey!
It is an idea that has been floating around Detroit among those in the auto industry. Should General Motors change its name? When I first heard this question, I chuckled and thought, "Would it really be wise to throw out a well known name after 100 mostly successful years?"
Global stocks were down Wednesday. Despite this the dollar fell against the euro and the yen, but experts told CNBC the greenback is still seen as a safe haven from falling stocks. They also said that holding cash is the right thing to do during the stock market correction.
The government's "Cash For Clunkers" incentive cleared an important hurdle on Thursday. How should you trade the auto sector now?
The bill would give people a voucher for $3,500 to $4,500 if they turn in their old car or truck for new fuel efficient model built in North America. On paper it sounds good. In reality, the number of people who may actually benefit from this program could be extremely limited.
Industrial production tumbled more than expected last month as the recession crimped demand for a wide range of manufactured goods including cars, machinery and household appliances.
President Obama is about to learn the unpleasant risks of trying to please most all of the people all of the time.
Ford CEO Alan Mulally has been saying it ever since he took over the blue oval. Ford Chairman Bill Ford Jr. has been backing the idea for just as long. Now we'll see if the company that got a lot of Americans hooked on SUVs (and made billions of dollars in the process) can be successful with fuel efficient cars and crossovers.
Although GM and Chrysler’s bankruptcy may be playing into Ford Motor’s strong June numbers, "it’s really our products that are getting the best reviews they’ve ever gotten," said William Ford, executive chairman of Ford Motor in a live interview on CNBC.
The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil dropped to around $72 a barrel.
Stocks opened lower Friday as crude oil dropped below $71 a barrel and banks dragged after Bank of America lowered its outlook for the sector.
Auto dealers accustomed to negotiating sales on their car lots clustered in the Capitol instead this week, looking to their trusty, neighborhood lawmakers to do some hard bargaining for them.
This one is for Wally Griffith. Wally was the executive producer of the "Saving GM" and "Saving GM: Inside the Crisis" documentaries. He would ask the same question time and again: Why does GM own Saab?