Both Toyota and its suppliers are to blame for the massive recall that hurt the Japanese automaker's reputation, investor Wilbur Ross, WL Ross & Co. Chairman and CEO, told CNBC Tuesday.
Toyota's stock is stalled at the traffic lights and has been for many months. It's convenient to attribute the sluggish performance to the automaker's recent recall woes, but a closer look at the stock's technicals will show the downtrend's been in place for sometime now, although the stock did manage to break out from the descent somewhat last year to take on a prolonged sideways trading pattern.
Stocks kicked off February with a rally, after a dismal January, energized by an earnings beat from ExxonMobil and a strong manufacturing report. Alcoa and Exxon led the Dow. Apple gave the Nasdaq a boost but Amazon took a hit.
Stocks advanced on the first day of February, energized by an earnings beat from ExxonMobil and a strong manufacturing report.
Automakers around the world have found some stabilization after trying to stabilize in 2009 in which the industry saw big players die, merge and shrink. But Renault-Nissan CEO Carlos Ghosn is optimistic, believing the sector will see gradual growth in the new year in every market except Europe.
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writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
Investors started February on an optimistic note, bidding stocks higher after logging the worst month for the market in over a year in January.
The statement was straightforward with an appropriate amount of contrition. When I talked with Jim Lentz, the head of Toyota USA he was direct in admitting his company is embarrassed by the on-going controversy over sticking gas pedals.
Stock index futures pointed to a sharp rise to kick the month off Monday, following a third-consecutive losing January.
It started with a deadly tragedy in summer last year that forced Toyota, which had received more than 2,000 complaints of unintended acceleration, to step up its own inquiry.
Federal regulators have cleared Toyota's plan to fix millions of sticky gas pedals, and dealers could get parts to make the repairs as early as Thursday or Friday.
An initial public offering at Tesla has been anticipated for months.
Who says America has lost its dominant position in the auto market?
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum. Techs were among the biggest decliners, led by Apple and Qualcomm.
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
Stocks were mostly lower Thursday as worries about a tighter grip from Washington and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
Toyota managed to win bragging rights as the world’s biggest car company. But that focus on rapid growth appears to have come at a cost to its reputation for quality, creating an opportunity for others to potentially take back market share they lost to Toyota. The New York Times reports.
When I talked with Ford CEO Alan Mulally 10 minutes after his company filed fourth quarter earnings, there was a tone of satisfaction in his voice.
Ford has halted production of some full-sized commercial vehicles in China because they contain gas pedals built by the same company behind the accelerators in Toyota's recent recall.