Stocks closed higher, pushing the Dow average to a fresh 15-month closing high, as investors bought financial, technology and pharmaceutical shares.
This car is not yet approved by the DOT for street driving, so my limited test drive was limited to an industrial complex outside Detroit. But even in short drive, the Nano impressed me with plenty of pep and responsive handling. Its tight turning radius will be an asset for zipping around in urban areas with tight spaces. For an entry-level car, it works. You don't get the feeling you are driving a compact car that lacks power and agility.
The US auto industry is on the fast-track to recovery and will sell one million more vehicles this year than in 2009, Autonation CEO Mike Jackson told CNBC.
Stock index futures are currently pointing to a modestly higher open for Wall Street on Wednesday, following Tuesday's mild selloff that saw the S&P 500 post its first losing session of 2010.
Plus, get the Mad Money host’s take on two other potential plays on the industry.
Three veterans of the auto industry share their thoughts in the Detroit auto show, what cars are hot and not, the industry's prospects for this year and the lessons of a disastrous 2009.
Stocks closed broadly lower as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa's disappointing results stoked unease about the economic recovery.
Sergio Marchionne has heard the comments. He knows there are plenty of people who have written off Chrysler. He knows there are scores of reporters who take the lack of auto show press conferences as a sign the company is dead in the water. He also knows Chrysler can no longer afford to make big promises it can't keep.
Friction is building between the United States and China, and it’s time for all of us to pay attention. We are on the brink of a trade war with an uncertain behemoth, and recent policy decisions from Washington are fanning the flame, writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
Jean Jennings is no wallflower. She says what she thinks. It may not always turn out to be true, but that's not stopping the Editor of Automobile Magazine from saying whatever she wants. And most times, it gets your attention.
Stock index futures pointed to a lower start for Wall Street on Tuesday, after Alcoa disappointed investors with its latest earnings report.
This auto-parts maker could soon become the object of affection for Wall Street’s biggest money managers.
The Dow and the S&P 500 closed at fresh 15-month highs as shares of big manufacturers advanced on strong Chinese economic data, but the Nasdaq fell as tech shares succumbed to profit-taking.
As the Detroit Auto Show kicks off, automobile executives shared their perspectives on the economy, vehicle demand and the industry's future.
Ford remains conservative on its outlook for 2010, but sees the company making money in 2011, Alan Mulally, Ford CEO, told CNBC Monday.
The past couple of years have been very tough ones for the US auto industry, but this isn't a new situation for many automakers. Take a look at some of the milestones in the auto industry since the 1970s.
Stocks are poised for solid gains at the start of trading Monday, following rallies in major markets in Asia and Europe.
As I walk around the Detroit Auto Show, the gloom and doom of last year has lifted. Replaced with cautious optimism. All is not well in Motown, but there are reasons to be optimistic.
The sheer number of hybrid and electric vehicles on display at the 2010 North American International Auto Show in Detroit certainly illustrates the green commitment of automakers, but other--more significant--environmental improvements will be less noticeable.
Demand for cars in the US is likely to rise to up to 12 million units this year, as the economy has bottomed, General Motors Vice Chairman Bob Lutz told CNBC Monday.