Honda reported the first-quarter results under international accounting standards for the first time. Like other Japanese automakers, Honda has benefited from the cheaper yen, which boosts the value of repatriated earnings. Honda is still soaking up hefty quality-related costs as it continues to recall cars equipped with air bag parts made by top supplier...» Read More
The Big Three will become two, Detroit will need more help from the government, SUVs will enjoy a modest rebound and electric cars will fire up the industry.
This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.
Today is the day we see in clear detail how bad things are for Detroit's auto maker, and what they plan to do to fix the mess. It's a mix of bad news and hopeful promises.
For the Big Three automakers to win over Washington lawmakers in their bid for federal aid, they will have to address a critical question in the business plans they give to Congress on Tuesday.
Washington’s been a lot harder on Wall Street than you might think. Here’s why the Citi rescue is a signal to buy.
In this Web Extra the traders reveal how they're playing Sears, Beazer Homes, the automakers and more.
Call this the start of the Big 3 becoming the smaller 3. Starting tomorrow and playing out over the course of the next week Detroit's auto makers will be telling Congress how they plan to get back in the black.
The Detroit automakers have been lumped together for decades as the Big Three, but this week their agendas are diverging as they contemplate futures as drastically different car companies, the New York Times reports.
The Big Three automakers are returning to Washington this week with business plans they hope will lead to a federal bailout. But any government help will probably come too late for thousands of dealerships.
Investors drove shares of Ford and General Motors higher on Friday ahead of the automakers' second trip to Washington. Should you hop on for the ride?
While most of us are spending a long holiday weekend relaxing or watching a cheesy new Christmas movie because your spouse loves seeing even the worst ones, this is a working weekend in Detroit. At GM, Ford, and Chrysler executives are preparing their "business plans" for Congress to review starting Tuesday.
A lot of reaction to my post from Paul Fenner, who works at an parts supplier in Detroit--including an interesting response at the bottom from someone inside GM.
From auto companies in the Midwest to Wall Street firms in New York, thousands of laid off workers will spend these holidays wondering where their next job will be. Blue collar or white collar, it doesn't matter. These people are hurting.
For the last month, the e-mails I've received about my blogs (yes, I do read every e-mail and respond to many of them) have generally fallen into the following categories:
Despite its overall troubles, General Motors appears to have enough money in its pension fund to last a decade or more, the New York Times reports.
It's not quite guilt by association, but it's close. Ford, by virtue of being one of the Big 3 and because its finances are weakened, has been lumped in with General Motors and Chrysler as an auto maker needing a bailout. Somewhere in Dearborn, Michigan Ford CEO Alan Mulally is doing a slow burn.
The Insurance Institute for Highway Safety designated 72 vehicles as winners of their top safety pick award. The award recognizes vehicles that do the best job of protecting motorists in front, side and rear crashes and have anti-rollover technology called Electronic Stability Control, or ESC.
Millions of tire parts could be lethally defective -- and most people have never even heard of the problem.
The Dow soared on Monday, capping the best two-day run since the aftermath of the 1987 stock market crash...
"As someone is who is ultimately going to be affected by the 'auto bailout', I am torn. Part of me would really like to see the financial system work and the Detroit 3 file for bankruptcy. I don't think they get it...