A Congressional Oversight Panel report on the use of TARP funds to restructure the auto industry questions some of the decisions President Obamas Auto Task Force made with regard to GM and Chrysler.
Conventional wisdom says the very well off go through recessions with little or no impact...This fall, conventional wisdom will be tested. There are a slew of new models either hitting showrooms or being introduced for hitting the street next year
Before you make your next auto play, you should hear what Hyundai America CEO John Krafcik told us about the outlook for his industry!
August unemployment data were released this morning and the numbers were not as bad as expected. The rate of job losses is slowing, and some economists think that the rate of jobs lost should reach zero sometime around year end with job growth returning in early 2010.
For the nearly 15 million Americans who remain out of work, the holiday is just another day of drawing down savings and wondering where the mortgage payment will come from.
For those of you who received my Investor Brief e-letter on Monday, I wanted to follow up on the key items we were keeping an eye on this week and also mention a couple of other important developments.
After a day in the market that felt more like a punch to the solar plexus on Tuesday the market was surprisingly listless on Wednesday. There is usually some fireworks after a 90% down day, but not this time. There was even some news to chew on.
For as long as I've been covering the auto industry, I've seen some variation of this story on a regular basis. Every so often, there is a survey that shows a growing percentage of car buyers would be willing to consider sliding behind the wheel of a Big 3 car. Despite these encouraging reports, the Big 3 market share continues to slide.
The government's "Cash for Clunkers" program was "ingenious" because it coaxed wary consumers into re-leveraging their personal balance sheet, Doug Dachille told CNBC.
Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.
While most of us fixate upon GM gaining or losing market share here in the U.S., the company's success in China is a huge story that deserves more attention. Especially when you look at the latest report. In August, GM doubled sales in the country, selling more than 152,000. And this year GM's China sales are up 49% with 1.11 million vehicles sold.
Toyota Motor plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.
Stocks started September, a typically bad month for the market, with a sharp selloff amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery.
As expected, several auto makers posted their best monthly sales of the year as the industry report August results. The sales pace is expected to be close to 15 million thanks to Cash for Clunkers bringing in throngs of buyers. But for individual auto makers the results were wildly different.
Stocks resumed their descent Tuesday after a brief pop from a better-than-expected ISM report on manufacturing.
Stocks rebounded from a lower start Tuesday after the ISM reported manufacturing moved into expansion mode for the first time since January 2008.
China is set to tighten its hammerlock on the market for some of the world’s most obscure but valuable minerals, says the New York Times.
When auto makers report August sales later today, don't be surprised by the whopping numbers they put up.
As we flip the calendar to September, investors will look back on August fondly, the last two trading sessions notwithstanding.
Stocks pulled back Monday as a major selloff in China sent oil prices lower and dragged on the US market.