NEW YORK— Nearly 4 million Nissan cars are being recalled due to major safety problems where passenger air bags or seat belts could fail in a crash, leading to serious injuries or fatalities. The Nissan problems are unrelated to the other air bag issues. Nissan will notify owners of the problem and offer to fix it for free, however no schedule has yet been provided... » Read More
The House voted to pump $2 billion into a popular cash-for-clunkers program running near empty, with a leading Democrat saying "consumers have spoken with their wallets."
Stocks wandered around Friday but seemed to lean higher as investors digested a pair of economic reports and news that the Obama administration wasn't suspending its "cash for clunkers" program.
Abandoned car factories, sprawling over hundreds of acres, often stand vacant for years awaiting demolition, environmental cleanup and a willing developer.
When I first heard the $1 Billion set aside by the Federal government for the "Cash for Clunkers" program was about to run out, I chuckled and thought, "well that didn't take long." It also has brought up a question as to whether or not the quick evaporation of money means the public is ready to buy cars and trucks again, or if this is a one time "flash point" of demand sparked by Federal money. My gut says it's the latter.
US stock index futures pared their gains Friday after the latest GDP report showed a better headline number than economists expected, but traders had already been anticipating that number, which pros said is why the market was rallying the past few days.
The Cash for Clunkers program has been vital towards resuscitating the US auto industry and should continue, AutoNation CEO Mike Jackson told CNBC.
He has one stock in mind. The question, though, is whether or not it still works.
Warren Buffett's bet on a Chinese electric car company is generating sparks. Bloomberg notes that Berkshire Hathaway's stake of almost 10 percent in BYD has soared in value by about $1 billion since it was first announced last fall. The purchase was completed today at the September price after the China Securities Regulatory Commission gave its approval for the deal
General Motors will end its half-century run as sponsor of the Buick Open golf tournament as it tries to focus scarce marketing dollars on its cars and trucks, a person briefed on the decision said Tuesday.
The first study of drivers texting inside their vehicles shows that the risk sharply exceeds previous estimates based on laboratory research - and far surpasses the dangers of other driving distractions.
With so many people holding onto their car or truck longer, it's only natural folks are asking if they have a car that qualifies for the Cash for Clunker program. The fact is, most of us will not qualify for the federal program which kicked off this weekend. That's primarily because of the restrictions Washington has placed on the program.
The terrible economy isn’t hurting everyone. In fact, it’s driving impressive gains at one company!
The latest batch of earnings took a toll on the market Friday but the Dow still pulled off a gain in the final half hour of trading, capping its best two-week performance since 2000. Microsoft shares fell more than 8%.
Stocks took a hit Friday as a drop in consumer sentiment exacerbated losses triggered by a disappointing round of earnings from Microsoft, Amazon and AmEx. But the Dow poked higher in afternoon trading Microsoft shares fell nearly 10%.
It's becoming a habit at Ford. Beating the street and forcing analysts to raise estimates for when the auto maker will get back in the black. The second quarter numbers released today are further proof the country's #2 car company will likely be turning a profit fairly soon.
Stocks skidded Friday as a drop in consumer sentiment exacerbated losses triggered by a disappointing round of earnings from American Express, Amazon and Microsoft.
Futures indicated a lower open for Wall Street on Friday, probably due to earnings exhaustion, as after-the-bell results reports from American Express, Amazon.com and Microsoft disappointed investors.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
Plus, get calls on China, pharma, the industrials and more.
Just two weeks after emerging from bankruptcy, GM has re-arranged its leaders and now finds itself with a full set of directors. Those moves, along with the formation of an executive committee put in place the people who will try to lead GM back to profitability.