SYDNEY, Oct 9- The Australian unit of German carmaker Volkswagen AG said on Friday that it will conduct a voluntary recall of all vehicles fitted with devices designed to mask the level of emissions.» Read More
A look at the Obama administration's plan for General Motors and Chrysler:
Stocks fell sharply Monday as recovery plans from General Motors and Chrysler were rejected by the Obama administration’s autos task force, spurring fears of bankruptcies in the sector.
Wagoner's resignation comes as the company awaits president Barack Obama's reports on efforts to save GM and Chrysler.
A series of factors have emerged which have persuaded Michael Browne, portfolio manager at Sofaer Global Research, to become a bull after two years of bearishness, as the recent selloff is a "nice opportunity" to be investing in value stocks.
US stock index futures indicated a sharply lower open Monday as recovery plans from General Motors and Chrysler were rejected by the Obama administration’s autos task force.
As word spreads about Rick Wagoner's resignation from GM, and Obama's autos task force rejecting the turnaround plans of both GM and Chrysler and warning bankruptcy, the auto industry enters its next phase of retooling.
An offer from GM is a "first shot, a starting point" for negotiations, said a GM bondholder told CNBC, but "there’s great disparity between the bondholders versus labor."
If you thought March 31 would be the day the government would make a final pronouncement on GM and Chrysler, it's time to think again.
Today, Toyota takes the wraps off the new Prius and many in the auto industry will be watching to see if it can remain king of the hybrid hill.
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.
1st paragraph of story should go here
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.