TORONTO, July 2- A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles the top seller, according to data released on Thursday. "Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote...» Read More
Stocks declined on Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. Some analysts said these fits and starts are just the market cooling down, after a runup of 30 percent since its 12-year low in early March. Read and listen to what the experts had to say... (UPDATED)
Stocks lost more than 2% Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.
Stocks declined on Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. Some analysts said these fits and starts are just the market cooling down after a runup of 30 percent since the market hit a 12-year low in early March. Read and listen to what the experts had to say...
Stocks declined Wednesday as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month. A brief reprieve after the business-inventories report and comments from President Obama fizzled.
They are in the crosshairs of the auto task and passionate about their feelings over GM and Chrysler plans to drop dealers. What's interesting is that not all dealers are against the idea of trimming the dealer ranks, while others are fearing the end of business' that have been in their family for years.
Stocks pared their losses Wednesday after a report showed business inventories shrunk at a slower pace and remarks from President Obama on health-care reform. Still, stocks remained under pressure as bank shares continued to struggle and retail sales unexpectedly fell for a second straight month.
For auto dealers, this may go down as the worst week ever. GM will announce plans to cut 2600 dealerships while Chrysler drops roughly 850. That's roughly 42% of the GM dealerships and 27% of the Chrysler stores going away.
Stock index futures indicated a lower opening for Wall Street Monday, as bank shares continued to struggle and investors looked for guidance on the strength of the economy from retail sales numbers.
Global stocks were higher Wednesday despite data out of China showing the country's industrial output rose less than expected in April. But experts tell CNBC there is real growth potential in the Asian economy.
GM plunged to a 76-year low after six executives liquidated their holdings in the automaker. Tim Seymour smells a trade!
Investors dumped shares of both Ford Motor and General Motors on Tuesday, with GM hitting its lowest level since the Great Depression.
A bankruptcy judge on Tuesday ruled that GMAC Financial Services can become Chrysler's preferred lender, potentially sending a slew of new business to the financing company and ensuring that Chrysler's dealers will have access to the loans they need to stay in business.
As Americans prune their expenses because of the relentless recession, the family vacation is taking a hit. A third of those surveyed in an AP-Gfk Poll released Monday said they had already canceled at least one trip this year because of money.
It's kind of like watching a car crash. You know it's sad. You know it's awful. But you can't stop looking at it. I'm not trying to be trivial about the plunge in GM shares this week.
Even as Sergio Marchionne, the chief executive of Fiat, is considered a potential savior for Chrysler in the United States, German politicians, executives and union bosses are casting a more skeptical eye on his bid for Opel and the rest of General Motors’ European operations.
Looking to buy a new car? There may never be a better time than right now.
For months we've all heard the warnings. If GM and Chrysler go bankrupt it will trigger a host of other bankruptcies from suppliers to dealers.
Global stocks were mostly higher Tuesday as expectations grew that the worst may be over for the global economy. Experts interviewed by CNBC consider whether the expectations are founded.
Stocks shed 1.8 percent Monday as investors took a breather after last week's run. The Nasdaq's drop was less severe as techs gained.
NOT SEEN ON T.V.: Stroll onto any car dealership in the country right now and you might as well be walking onto the set of ‘Let’s Make a Deal.’