BERLIN, Oct 4- German Chancellor Angela Merkel told a German radio station that the emissions scandal around German carmaker Volkswagen was "drastic" but the damage was not so great that Germany was no longer deemed a good place to do business. "I believe the reputation of the German economy and the trust in the German economy has not been shaken by this to the extent...» Read More
This morning the Insurance Institute for Highway Safety released a new rating system for the strength of roofs for SUV's. These ratings highlight an area that is critical to whether passengers in an SUV will survive a rollover crash accident.
Amid all the hoopla about today's launch of the Tata Nano was a question and answer about when the $2,500 micro car might be on sales in the U.S. Tata CEO Ratan Tata said that it is conceivable his company could modify a European version of the Nano to meet U.S. safety standards within three years
Saab Automobile may be just another crisis-ridden car company in an industry full of them. But just as the fortunes of Flint, Mich., are permanently entangled with General Motors, so it is impossible to find anyone in this city in southwest Sweden who is not somehow connected to Saab.
Talk about a strange juxtaposition. On the same day Rolls Royce is bringing its new "Baby Rolls" to New York, the world's least expensive, "mass market" car is rolling out in India. The Tata Nano and Rolls Royce 200 EX. One will cost roughly $2,500, the other will be at least 100 times more expensive.
GM bondholders sent a letter to Treasury Secretary Timothy Geithner and the leaders of the auto task force Sunday expressing frustration that they have received no response from either GM or the auto task force regarding their suggestions for a near $28 billion debt exchange.
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We’ve gamed the rivalries in the financials, energy and retail – but this time it’s the automakers that have our traders’ pulses racing!
As the only firm capable of paying back TARP money, this company has a huge advantage over its competitors.
Life in limbo is costing GM and Chrysler. New numbers show the residual values of GM and Chrysler cars have taken a hit. Meanwhile, another survey of car buyers shows a sizable drop in the percentage of buyers who are considering buying a GM or Chrysler.
The auto industry generates nothing these days that even remotely resembles good news. Of course, no matter how bad the industry gets, there's always shelter in the storm, a shining light in the midst of the malignant gloom: the coolest car company in the world, Porsche.
British luxury carmaker Jaguar surged to the top of J.D. Power and Associates' closely watched vehicle dependability study this year, tying Buick for the No. 1 spot and dethroning Lexus for the first time since the Japanese luxury brand has been a part of the survey.
The announcement by the Treasury Department that it will provide up to $5 Billion in federal aid is the next move by President Obama's auto task force to help the auto industry avoid a collapse.
The UK’s flagship auto event has been cancelled for 2010 as the ongoing economic slump continues to hammer the industry globally.
What a difference a week makes. The combination of a market bounce, favorable news from GM, and reports of Ford planning to offer a $2.95 Billion in TALF-related bonds have sent shares of Ford and GM surging in the last week.
Congress is once again kicking around the idea of giving people an incentive to trade in their old car or truck for a newer, more fuel efficient model. It's an idea that has sparked demand for new cars in other countries around the world. And frankly, it is one of the few incentive programs that is a win/win situation.
After the IMF forecast the UK economy will be one of the last major economies to come out of a recession in 2011, experts interviewed by CNBC were torn on which country would lead the economic recovery.
Two weeks before the deadline for President Obama's Auto Task Force to decide whether or not to lend Chrysler, GM and suppliers billions more in Federal aid, Chrysler CEO is very clear: he needs a decision.
Chrysler Chief Executive Robert Nardelli is encouraged by February's car sales numbers, but he sees no definitive sign of recovery in his industry or in the economy in general.
Global stocks snapped their winning streak Tuesday on worries over the U.S. economy deteriorating further as American Express said its credit card default rates soared last month, hammering home the heavy toll the financial crisis has had on the consumer.
Find out why Guy Adami thinks an auto trade could drive profits in your portfolio.