CAIRO, Nov 26- From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth. Announced last month, the leadership change unleashed anger against outgoing governor Hisham Ramez, who capped dollar...» Read More
Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
Calvin & Hobbes, like "Peanuts" or "The Simpsons" or "I Love Lucy", has a certain timelessness. Fifteen years later, a particular C&H classic is making the rounds on the internet.
As I have spent the last two weeks preparing for the Detroit Auto Show, which starts this Sunday, it's become clearer than ever to me the electric car is coming and coming fast.
Last month I got a lot of email after pondering what it might take to get me to buy an American car. I suggested that Detroit needed to come up with some sort of marketing campaign to convince me it's the cool, hip, right thing to do.
Dealers and manufacturers are taking unprecedented steps to move their inventory as the recession keeps consumer spending at bay.
I spent part of Wednesday afternoon tooling around GM's tech center in a "mule" version of the Volt. When I hit the gas, the acceleration was instant. The Volt will deliver the same performance you would get from a car with 250 horse power
Ron was living his dream of being a professional defensive end until suffering a career-ending injury. Now he's playing offense with his money.
The Hyundai offer is significant because it addresses the one issue that is keeping people out of showrooms. Potential buyers are worried about keeping their jobs so they are putting off a new car for the family.
As I was watching the dismal auto sales numbers come in on Monday, I was waiting for somebody to drop me an e-mail and sarcastically remind me that it was just a few months ago when I said, "Things can't get much worse in the auto industry."
Despite the dollar's two-day rally against the euro and the yen, experts tell CNBC the greenback's positive run may be over shortly, as a fast recovery in the U.S. economy seems more unlikely.
For all the hand wringing you see from people wondering if GM and Chrysler can get the UAW to re-work wages and benefits or for debt holders to agree on a debt for equity swap, the real trick will be closing dealerships.
Happy New Year! Yes, I was bummed to see my Blackhawks get blown out by the Wings at Wrigley. But as I watched a hockey game played outside (very cool!), I read through your predictions for next year in the auto industry. Karnac has nothing on you guys.
The midsize Fusion Hybrid is Ford’s strongest effort yet to break the dominance of Japanese automakers in hybrid passenger cars.
Since millions of African-Americans began leaving Southern farms for Northern factories nearly a century ago in what is still known as the Great Migration, the destinies of many of them have been entwined with the auto industry’s. Now, with Detroit reeling, many blacks find their economic well-being threatened, the New York Times reports.
General Motors and its GMAC funding affiliate launched programs on Tuesday to lure U.S. car and truck buyers back into showrooms...
Monday night, the Treasury Department agreed to lend GMAC $6 Billion out a new TARP fund set up to specifically help the struggling auto industry. This move, along with GMAC getting bank holding status last week are two huge steps in reviving a struggling auto industry. They may not be sexy moves, but they are critical moves.
When American consumers stop buying, companies around the world suffer — even those that do little business in the United States, the New York Times reported.
With the auto companies on their holiday breaks, this is always a week when I think about the year ahead for the auto industry. In past years, some of the predictions I've made to myself have come true, while many more were so off the mark it was kind of funny. So: What will happen in '09?
Is Toyota so bad, it's good! Find out why Jeff Macke is bullish on Japan’s largest car maker despite a slew of negative headlines.
When I called folks I know in the various auto companies to wish them a Merry Christmas, I heard the same thing over and over. I'm thankful to still be working and I'm wondering how much worse things will get next year.