BERLIN— A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.' s HERE map business in a deal that values the unit at 2.8 billion euros. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks after selling its mobile phone handset operation to Microsoft Corp. The company said...» Read More
Luxury automaker Lexus will be moving ahead as planned with its USGA and USTA sponsorships for 2009. Lexus spokeswoman Nancy Hubbell tells me the company is committed to its golf and tennis promotional activities for next year.
Stocks opened mixed Tuesday as a pop in commodities and sharp drop in consumer prices briefly offset worries that Congress won't bail out auto makers.
Essentially, the US auto industry is a contractual tower of Babel and there is no coordination amongst federal, state, and local governments to structure a comprehensive deal. This is why the Republicans are skeptical about a loan/bailout.
What happens if the auto industry doesn't get a government bailout?
To say law makers are skeptical about whether it makes sense to help out Detroit would be an understatement. The Big 3 and the UAW have failed to sell Congress on why they should help the auto industry.
Stock index futures pared their losses Tuesday after a report showed consumer prices posted their biggest decline in 61 years.
Do Chinese automakers need a bailout? China's auto industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives tell the New York Times.
Consumer inflation data, more retailers' earnings, and another day of auto executives on Capitol Hill are on tap for Wednesday.
If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.
Ford CEO Alan Mulally says the bankruptcy of even one of America's auto companies could bring down the entire industry.
Before flying into Washington D.C. for two days of Congressional hearings, Ford CEO Alan Mulally told me that he's looking forward to talking with U.S. Senators and explaining how Ford is transforming its business.
Hatched hastily almost two months ago, the TARP was conceived to stabilize markets and restore investor confidence, but critics argue it is now looking so amorphous and vulnerable to political trade winds, that it is has become almost a constant of uncertainty.
US cars have become the "size of houses," and no-one wants to buy them anymore, Clem Chambers, CEO of ADVFN, told CNBC Tuesday.
Investors will have an eye on Washington Tuesday as bailouts past and future are discussed on Capital Hill.
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In late breaking news Dylan Ratigan reveals that Senate Democrats are preparing a bill to rush financial aid to auto makers.
Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
As recession fears continue to spread globally, investment banks like Goldman Sachs scramble to survive — and investment gurus alter their tactics and strategies to roll with the damage. CNBC's expert advisors gave their outlooks on what's coming and what to do about it.
Stocks wavered after a morning selloff as investors shrugged of the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Stocks declined Monday as the latest wave of dismal news washed over Wall Street: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.