A bankruptcy judge on Thursday ruled that a group representing General Motors salaried retirees cannot form a formal committee to negotiate with the automaker as it attempts to reorganize and emerge from Chapter 11 as a new company.
The folks at Car and Driver Magazine have now documented just dangerous it can be. Rigging a car with a red light to alert drivers when to brake, the magazine tested how long it takes to hit the brake when sober, when legally drunk at .08, when reading and e-mail, and when sending a text. The results are scary.
Hertz Global Holdings is making a big bet on the consumer. In an interview on CNBC, Hertz CEO Mark Frissora says he's "literally scrambling to buy as many cars" as he can to ramp up for a rebound in demand.
Global stocks were mixed Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
If actions speak louder than words, watch how the Obama administration is dealing with Ford lately.
Trade was choppy for global stocks Wednesday ahead of the Federal Reserve's decision and statement. Experts tell CNBC they are skeptical of a recovery in the housing market.
That depends on the stock in question. But the Mad Money host has found a big reason to be positive.
General Motors has notified its U.S. white-collar workers that it plans to cut about 4,000 more jobs by the end of the year.
The Fords have had their tense times, most recently in 2007 when a few family members tried - unsuccessfully - to hire a Wall Street firm to advise the family on possible exit strategies. But as they have done for decades after their meeting last January, the Fords rallied behind the family’s appointed leader: William C. Ford Jr., a great-grandson of the founder and chairman since 1999.
They've been jockeying for position for some time. But this morning, auto makers around the world will take big steps in the race to build mass market electric cars. When Energy Secretary Steven Chu announces grants for the development of fuel efficient vehicles and technologies, Ford, Nissan and Tesla will be the immediate beneficiaries.
The Energy Department is lending money to the Ford Motor from a $25 billion fund to develop fuel-efficient vehicles, congressional officials said Monday.
A closely watched study of new vehicle quality says Ford, General Motors and Chrysler have improved, but they still lag behind foreign competitors like Toyota.
In addition to the recession, and the bankruptcies of Chrysler and General Motors, a new threat has appeared in the rearview mirror. Many smaller automakers are gaining a bigger share of the market, most notably Hyundai and Kia.
Auto retailer CarMax said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop, a loss in its auto financing arm and charges related to loans, but still beat Wall Street expectations.
While most of us have been focused on the turmoil churning up GM and Chrysler the last 9 months, there's been far less attention given to the fact almost every other auto maker is struggling right now.
The UAW VEBA fund has named auto consultant and former auto analyst Steve Girsky to the board of General Motors. It's an appointment that should be applauded at GM, in Detroit, and on Wall Street.
Could it be we Americans are ready to take a new look at the Big 3? A couple of data points coming out this week show good news for GM and Chrysler, and by extension of being a domestic auto maker, for Ford as well.
It's your turn to vote on what you think is the worst US city for road rage! Also, check out our slideshow that lists the ten worst as reported in a recent survey!
It is an idea that has been floating around Detroit among those in the auto industry. Should General Motors change its name? When I first heard this question, I chuckled and thought, "Would it really be wise to throw out a well known name after 100 mostly successful years?"
Global stocks were down Wednesday. Despite this the dollar fell against the euro and the yen, but experts told CNBC the greenback is still seen as a safe haven from falling stocks. They also said that holding cash is the right thing to do during the stock market correction.