*Silicon Valley carmaker plans 60-80 pct vehicle sales growth. Feb 10- Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker would stop burning cash and start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss. Musk said Tesla would generate positive cash...» Read More
U.S. Sen. Charles Schumer, a Democrat from New York, last month introduced legislation that would require all states to adopt a texting ban for all drivers or face losing their federal highway grants. Today, in a new national survey from Nationwide Insurance, eight in 10 Americans say they support such a ban on texting while driving. The issue has drawn a great deal of support and opposition from both lobbyists, citizens and even here at CNBC
Shares of Chinese electric-car maker BYD rallied 8 percent in Hong Kong trading today (Monday), finishing at an all-time closing of HK$48.60. The buying was apparently sparked by news wire headlines quoting BYD's chairman as saying Warren Buffett "wants" or "intends" to raise Berkshire Hathaway's 10 percent stake in the company. That interest, however, may not be new and doesn't necessarily mean Buffett will be able to buy more shares from BYD.
With Americans curbing luxury spending, the vintage car market has taken a hit, which means it’s a great time to enter. But buyer beware. Cars require maintenance that can add up to thousands of dollars a year, eclipsing any appreciation.
Stocks pulled back Monday as a major selloff in China set the stage for a rough day on the US markets.
These are fun days at Ford. After staring bankruptcy in the eye and surviving a horrific slump in sales, the auto maker is rolling. Sure, it's not yet back in the black, but it has the big "MO". It's adding production, cutting losses, and is in the sweet spot of new product cadence with models like the Edge and Taurus bringing back buyers.
The last trading day of August begins with some significant positives in the books: barring a major selloff Monday, the S&P 500 and the Nasdaq will chalk up their sixth straight monthly gains, and the Dow will have its fifth monthly gain in the past six months.
A top Ford executive expects industry-wide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.
It sounds strange to say it, but it's true. The auto industry still has too many plants with the capacity to crank out millions more cars and trucks than needed.
Only temporarily, though, Cramer says. You may be able to buy this stock again in the not-too-distant future.
I thought the final numbers on the Cash for Clunkers program were fairly straight forward. The Department of Transportation released the top 10 selling models and what percentage of vehicles were sold by each auto maker. But those numbers don't make sense to many of you.
Stocks ended flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.
Stocks were flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
The final numbers are in, and Cash for Clunkers ended with bang for Toyota and Honda, which both had three of the top-10 best selling models.
Stocks rebounded Wednesday after a sharp jump in new-home sales.
As branding moves go it's one most people won't even notice. General Motors will slowly start phasing out GM logos from its cars and trucks.
Stock index futures extended losses after an initial uptick as data showed June orders for durable goods, excluding transportation, rose less than forecast despite overall orders posting their largest advance since July 2007.
The Dow rose for a sixth straight session Tuesday as stocks got a boost from an encouraging report on home prices and an unexpected jump in consumer confidence.
A new survey of Cash for Clunker participants by CNW Research found a higher than normal percentage of buyers "...have some or serious doubts they should have made the new-vehicle acquisition."
Stocks started the day higher Tuesday after an encouraging report on home prices, then soared even higher following an unexpected jump in consumer confidence.