Honda reported the first-quarter results under international accounting standards for the first time. Like other Japanese automakers, Honda has benefited from the cheaper yen, which boosts the value of repatriated earnings. Honda is still soaking up hefty quality-related costs as it continues to recall cars equipped with air bag parts made by top supplier...» Read More
They've done it again. The Asian automakers, especially the Japanese dominate the latest Consumer Reports survey (subscription needed for full reports) on auto reliability. Of the 33 models CR picked to be "most reliable," 23 are from Japanese automakers. Some, like the Toyota Prius, we've come to expect to see on the list.
Later today we'll find out if the time, money and effort the Big 3 have put into building more reliable cars and trucks has paid off. Consumer Reports releases its 2008 auto reliability survey and the question for many is: Are the Big 3 finally getting their act together?
Ford Motor expects to produce 685,000 vehicles in North America during the first quarter of 2008, 55,000 fewer than the first three months of last year, the company said in a report filed Wednesday with the Securities and Exchange Commission.
Usually, when the United Auto Workers strike it's pretty big news. Usually, when the picket lines form, Detroit gets nervous. Usually, when the rhetoric heats up, so do the heart rates of executives running the Big 3. Not this time.
Toyota Motor will boost production capacity for its Lexus luxury cars in Japan by about 35 percent in 2009 to meet growing demand in emerging countries such as Russia and China, the Nikkei business daily reported on Wednesday.
The newest crash test study of mid-size SUVs has both good and bad news for those who drive these big rigs. And for some HUMMER owners, you have to be wondering if the "safe as a tank" perception some have of your ride is truly deserving.
AutoZone, the largest U.S. auto parts retail chain, posted better-than-expected quarterly earnings on Tuesday, helped by improved profit margins and sales to the commercial sector.
If you've read this blog for some time you know that my grammar (is it it's or its?) is spotty at times, and my use of words is sometimes off. OK way off. Last week, I used the phrase, "it peaked the interest,..", when it should have been "it piqued the interest,...". Several of you caught my screw-up and let me know about it. Guilty as charged.
OK, it's not as if HUMMER needs our sympathy. The folks running GM's supersized SUV line know they are fighting an uphill battle, trying to grow sales, expand the line-up, and shift HUMMER's image in the face of rising gas prices. But this is HUMMER, even if the execs there feel overmatched, they won't admit it. Nor should they.
A snowstorm blanketed the city early Friday, causing headaches for commuters and delaying flights at the region's major airports.
The latest survey by R.L. Polk about how long we hold onto our cars or trucks (on avg. 9.2 years) confirms something I've heard from many of you for some time: my car is old, but I'm not getting rid of it.
In a world where it's tougher and tougher to get a car or brand to stand out, Ford's incorporation of the Mustang into NBC's new version of "Knight Rider" is a move that should pay off. Since the show Sunday night, I've heard from numerous people who watched it and loved seeing the Mustang in a starring role. It was a prime time role Ford is counting on to continue changing its image.
Hertz Global Holdings said on Wednesday its fourth-quarter profit rose on an increase in worldwide car rental revenues.
The news this morning that Cerberus Capital is re-organizing GMAC's auto finance business is the latest indication the slowing economy and tighter credit are having a definite impact on the auto business.
By now, you've probably have seen the headlines or stories about Kirk Kerkorian's advisor Jerry York giving a pessimistic view of Chrysler's future. After speaking here in Chicago, York was asked about the prospects for the struggling automaker to turn things around. York said, "Chrysler as a stand-alone company is not viable."
I hear it all the time from car buffs, Chrysler fans, and those who lament the struggles of the American automakers. It goes something like this: "Why is Chrysler cutting back here in the U.S. and looking to expand overseas?"
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Continental Airlines has held preliminary merger talks with AMR's American Airlines, the Wall Street Journal reported Friday, citing a person familiar with the situation.
European stocks closed sharply lower Friday, with banks suffering the worst of the selling as investors braced for further writedowns from the sector.
French tire group Michelin reported on Friday a rise in 2007 operating income due to cost cuts and price hikes and said despite many uncertainties it expected a further increase in 2008.