July 28- The S&P 500 index and the Dow edged lower on Thursday as investors fretted about weak economic data and disappointing earnings from Ford. The carmaker reported weak China sales and declared that the U.S. auto industry's long recovery was at an end, triggering a 9.6 percent fall in its shares. A report by the U.S. Labor Department showed that the number of... » Read More
More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.
One week after I blogged about the lack of outcry from Saab owners over the impending demise of the beloved brand of cars, supporters of the Swedish company are being loud and vocal in telling me to get a clue. In general, they think I haven't done my homework and haven't given enough credit to the Web sites devoted to saving Saab like Saabs United.
President Barack Obama's plan to announce the U.S. will cut its greenhouse emissions 17% by 2020, may finally kill off those who continue to believe new fuel efficiency and tailpipe emission standards for autos will never reached stated goals.
Thousands of drivers on the nation's roads don't carry auto insurance, despite laws in all but two states requiring it.
While some shoppers slip out of bed in the middle of the night, slide into their track shoes and get ready to run for the Black Friday sales, some banks are hoping to get them limbered up for another event: savings.
A month and a half after announcing a safety recall of 3.8 million vehicles as risk of having accelerators trapped under floor mats, Toyota has a plan to fix the problem.
Why doesn’t it look like our situation’s improving? Because it is.
Remember the good old days? The days when auto shows were major events where an automaker could generate buzz with new models? Where you could see the public's appetite for new cars and trucks? Next week we'll see if auto shows still have the magical pull or if the pall over last years auto show season lingers into this year’s slate of shows.
In the $5 billion market for A.T.V.’s, the skyrocketing growth of Chinese imports is becoming the latest challenge for the Consumer Product Safety Commission, which is starting a global campaign to improve the safety of a product that kills more people — about 900 a year — than any of the 15,000 other products the commission regulates. The New York Times reports.
Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Dividend checks are accumulating at the Treasury. Taxpayers won't recoup the full sum of the government's unprecedented infusion to the financial sector, but the returns are ahead of schedule.
A top industry analyst says the U.S. auto industry will recover only a little next year because of a weak economy.
Filing for Chapter 11 might be the best thing this company’s ever done, Cramer says.
We're now roughly a year away from the much hyped, much anticipated Chevy Volt going on sale and GM is starting to take the wraps off its extended range electric car. This week I was the first journalist to get an exclusive test drive of a Volt model similar to what we'll see in showrooms next year.
Additional economic stimulus such as a payroll tax cut would boost hiring, Mike Jackson, the CEO of AutoNation, told CNBC on Thursday.
As Chinese automaker Geely closes in on completing its purchase of Volvo from Ford, two things strike me; The lack of concern among those in the auto business and the lack of paranoia by those outside the industry.
The three sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
Today Daimler is launching car2go in Austin, Texas. But make no mistake, this is just the start of automakers and rental car companies either jumping into or expanding their car sharing programs.
Almost 90 days after coming out of bankruptcy, General Motors is showing signs of getting healthy and moving closer to getting back in the black. And there's no doubt, the "new" GM is doing far better than the old GM.
Nissan CEO Carlos Ghosn could not have been any clearer about how many people will buy electric vehicles 10 years from now.