Oct 9- Ferrari, a unit of Fiat Chrysler Automobiles, said its U.S. IPO was priced at $48- $52 per share. The luxury car maker expects to list on the New York Stock Exchange under the symbol "RACE."» Read More
Global stocks took a break Monday after a successful week of gains. Investors remain uncertain if the global economy is showing signs of recovery or signs of further deterioration. Experts give CNBC their predictions.
The group of dissident Chrysler bond holders challenging Chrysler's government-backed restructuring plans, said Friday that it is dropping its court fight.
Gotham Dream Cars offers a range of products, from exotic rentals and club memberships, to the increasingly popular "Dream Car" tours. Here's how this lucrative, high-end business operates.
Published reports that Cerberus Capital Management is leading the charge for more governments funds to bail out GMAC are completely wrong, a source tells CNBC.
The fact Toyota posted it's first annual loss in 75 years is not surprising- almost every auto maker lost money this year. The fact this company lost $6.9 Billion in the quarter ending this March is staggering, but not so out of line that people are shocked. What is surprising is Toyota CEO Katsuaki Watanabe telling reporters in Tokyo his company was "lacking in the scope and speed of dealing with various issues."
It looks as if one more bank needs a bailout. And, four months ago, this bank was not even a bank. The company is GMAC, the onetime finance arm of General Motors, which itself seems to be hurtling toward bankruptcy.
The closely-watched US jobs report is due later on Friday, after results of stress tests late on Thursday revealed that ten banks need to raise up to $75 billion in fresh capital.
When you burn through $113 Million every day, it seems ludicrous to say that the quarter turned out a little better than expected. Equally disturbing is the fact few will seem phased by the fact spent $113 Million more than it took in every single day of the first quarter.
Investors are eagerly anticipating the release of the U.S. government's stress test results Thursday where a number of the 19 banks reviewed are expected to require fresh capital.
Four years after paying $2 billion to extricate itself from a partnership with Fiat, General Motors is seeking a stake in the Italian automaker in exchange for its Latin American and European operations.
Wall Street and the entire nation will be watching GM on Thursday. The auto giant reports earnings, and many wonder, will it be their last before bankruptcy?
While folks may not look forward to a trip to the dentist or to the accountant, they aren't using the recession as an excuse not to visit them. Sageworks, a provider of private company data, took a look at seven things consumers are still doing despite the economic slump. On the list, going to the dentist and visiting the accountant.
We can make money by selling small cars in U.S. with our new global platform, said Alan Mulally, Ford Motor CEO.
Berkshire Hathaway officials tell the AP they believe a Taiwan tycoon's accusations against Chinese electric car maker BYD are "unfounded." Hon Hai's Terry Gou has questioned Warren Buffett's decision to invest in BYD, a company Gou claims has stolen trade secrets.
This is for all of you who have complained, groused, wondered, and offered pointed opinions about the Big 3 not being committed to smaller, greener cars. For those of you who have scoffed at the idea of Detroit making money on compact cars built in the U.S., Ford believes it will prove you wrong.
Global stocks were mixed on Wednesday as investors became more cautious a day before the bank stress test results after reports that Bank of America may need to raise a substantial amount of capital.
General Motors says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.
NOT SEEN ON T.V.: What every user car buyer needs to know to find the true history of their vehicle.
As the bankruptcy hearings about creating a new Chrysler pick up steam in New York, it's becoming crystal clear how quickly the Federal Government wants to re-structure the ailing auto maker.
Last Friday, as most people focused on Chrysler going bankrupt, making its first appearance in bankruptcy court and the mounting questions about whether its future was bright or bleak, Honda moved a little higher. It was typical Honda done with little fanfare. The "Steady-Eddie" of the car business moved past Chrysler to become number 4 in U.S. auto sales this year.