TORONTO, Feb 11- Fiat Chrysler Automobiles said on Thursday that it has invested C $3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its next-generation minivan. The Pacifica program brings Fiat Chrysler employment in Canada to just over 11,000, he said. Autoworkers and Canadian divisions of Detroit's automakers met...» Read More
The sale of most of General Motors' assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the sale and appeal directly to the 2nd Circuit Court of Appeals.
Stocks rebounded Wednesday after a major selloff in the previous session as earnings season gets into gear.
Can diesel replace hybrids as the most attractive option for those who want a car powered by something other than unleaded gasoline.....The latest Intellichoice study is reason for optimism among diesel fans.
Futures indicated a slightly higher open for Wall Street Wednesday on profit taking after the major selloff the previous day.
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the banking and pharmaceutical sectors.
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the tech, banking and pharmaceutical sectors.
In fewer than 45 days each, General Motors and Chrysler swept through government-sponsored sales in bankruptcy court — quick tours that most people in the legal community thought impossible not long ago.
Stocks fell Tuesday amid growing doubts about the economic recovery. But techs and banks rose.
When you have a car company going through the great unknown of bankruptcy, you take the good news when it pops up. For Chrysler, the good news is the way residual values for new Chrysler vehicles are not only holding up, but actually rebounding a bit from when the company first filed for bankruptcy. It is the kind of proof the supports the arguments from the White House and elsewhere that bankruptcy would help, not hurt, Chrysler and GM.
Futures indicated a slightly higher open for Wall Street Tuesday as doubts about the sustainability of a global economic recovery dimmed.
Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow eked out a gain amid some bargain hunting.
Stocks were under pressure Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow turned positive as investors took advantage of the selloff and did some bargain hunting.
A bankruptcy judge has ruled that General Motors can sell the bulk of its assets to a new company, but it appears the ruling will be appealed by a Chicago law firm.
Stocks briefly pared their losses after a report showed improvement in the service sector.
The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy.
If all goes as planned and GM comes out of bankruptcy Thursday afternoon the country's largest auto maker will have gone in and out of Chapter 11 in 40 days.
After the long Independence Day weekend, futures indicated a lower open for Wall Street as second thoughts about the U.S. economy's recovery spooked investors after last week's worse-than-expected nonfarm payrolls numbers.
A federal judge late on Sunday approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court.
General Motors and Chrysler are closing 3,200 dealerships nationwide, and aren't doing any favors for recent automotive tech graduates looking for mechanic jobs. But fewer people buying new cars and trucks also means people are counting on their older vehicles to run reliably.
A former Chrysler dealership owner is determined to challenge the automaker's decision to terminate his franchise.