SPARKS, Nevada, July 26- Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. While some analysts have questioned how profitable the Model 3 will be, Musk on Tuesday said he expects the car to generate $20... » Read More
Less than two months after GM and eBay hooked up to try online sales of new cars in California, CNBC has learned the program will end as scheduled tomorrow.
Hyundai is picking up market share here in the U.S. thanks to a potent combination of much better product (both in terms of quality and styling) and savvy marketing. A company that was once dismissed as weak imitator of the Japanese automakers is now taking it to the folks from Toyota, Nissan, and Honda.
Almost two weeks into its campaign offering buyers of GM vehicles their money back if they are not satisfied, Bob Lutz likes what he is seeing. In fact, the Vice-Chairman is so confident the program will work, he is predicting fewer than 1% of those who buy a Chevy, Buick, Cadillac and GMC under this promotion will ask for their money back.
After 3 months of kicking the tires and looking under the hood at Chrysler, CEO Sergio Marchionne is about to roll his game plan for fixing the troubled American auto maker.
Ford Motor is increasing its focus on the fast-growing car markets of the Asia-Pacific region, executives said Wednesday as they rolled out a new small car in India, says the New York Times.
As IPO's go, A123 has elicited a fair amount of discussion, much of it boiling down to this question: Is buying into the promise of the Massachusetts-based battery maker the same as buying into the hype that surrounded ethanol related stocks a few years back?
They are the moves, comments, and reflections of a struggling auto industry finally getting back on its feet. In the last week several major automakers and their executives have sent clear signs they are preparing for better times.
This company is certainly one of them, Cramer says. Find out how to play it.
General Motors will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year.
My blog about Chrysler deciding to kill the owner's manual and replace it with a DVD and a small quick reference user guide prompted many of you to blast me for saying it seems like a smart move.
It was not exactly a planned strategy, but the recession, particularly in the United States, has been very good for Hyundai, the South Korean automaker.
Car dealership chain CarMax said Tuesday its fiscal second quarter profit surged on higher sales and a one-time gain related to its auto financing business.
In the world of advancing the auto business, this doesn't rank up there with side curtain airbags in terms of importance. Heck, it's a change most people won't even notice. Still, Chrysler's decision to replace the bulky owner's manual with a DVD and small user's guide is one that a few folks out there will see as a no-brainer that is long overdue.
Some of the market’s key drivers could rise or fall based on these quarterly numbers, the Mad Money host says.
It's gotten so bad in real estate that condo developers can't even give away a FREE CAR to lure buyers.
That’s positive, not Pollyanna. Cramer explains why his bullish outlook is downright realistic.
Every once in a while, you go to an auto show, and the future of the industry crystallizes before your eyes... ow there is another wave of vehicles that will drive the auto industry over the next 10-15 years. They are the electric, plug-in hybrids, and extended range electric cars.
Chrysler CEO Sergio Marchionne candidly admits the troubled American auto maker was far weaker than expected when he finally took over as CEO. I caught up with him at the Frankfurt Auto Show, and he pulled no punches in assessing what he found at Chrysler when he became CEO.
Automotive steel has changed quite a bit since the first Model T rolled off the assembly line. Prompted by crash-worthiness requirements and the need to make cars lighter to improve gas mileage, automakers are replacing conventional steels with advanced high-strength ones.
Cash-for-clunkers may have pushed retail sales higher, but the road to recovery is likely be a bumpy one, say economists.