DETROIT, Dec 19- FCA US, the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles. The FCA total for Takata Corp- related recalls is now 3,672,770, including affected passenger-side airbags. The number of vehicles recalled...» Read More
At the minimum, government is inefficient in allocating resources. At the worst, they allocate resources based on political favors and based on enacting social policy. This is why the letter by Fed Chairman Ben Bernanke is a step in the right direction.
If Washington approves this $15 Billion bailout by the end of today or tomorrow (and yes, I think that will happen) the question will turn to who becomes the "Car Czar." It will be a presidential appointment and it will be crucial to determining if this auto bailout actually works.
U.S. stocks looked set for a sharp jump higher at the open Wednesday, as a looming deal to bail out Detroit auto makers raised investor enthusiasm for the industry.
Detroit auto makers should be rescued, but through a planned bankruptcy overseen by the federal government, according to real estate magnate Donald Trump.
The automakers' bailout will not boost Wall Street as investors are unlikely to see advantages in subsidies granted to "dinosaurs," Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."
The stock market's Santa rally has been temporarily grounded as a winter chill continues to swirl around credit markets.
Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.
Whatever happens to the Detroit automobile companies, all three carmakers have told Congress they need to cut their dealer networks as a fundamental element of their survival plans.
The big wheels in the auto industry—General Motors, Ford and Chrysler, among others—have been on a downhill run. But Toyota is a different story altogether.
For most of us, buying a new car is just not in the cards right now. It means we have to take extra good care of what we’ve already got.
Rep. Barney Frank discusses the auto bailout issue, while New York Attorney General Andrew Cuomo says a $10 million bonus for Merrill Lynch's John Thain is unjustified. Following are today's top videos:
I have a factory installed GPS in my car, which is fine, except it won't let me engage it while driving (which is when I suddenly need it), and I haven't figured out how to stop it from speaking to me in kilometers.
Goodyear saw a spike in options activity as its stock traded higher on Monday, apparently a positive reflection of progress toward an auto industry bailout in Washington. The action focused on the April 7.5 calls, which lit up OptionMonster's tracking systems, driving the price of those options up $0.50 to $1.50.
The drum beats calling for Rick Wagoner's head, or at least his job, are becoming louder. What started last week with critics and commentators saying any bailout should include new leadership at the Big 3, now has spread to political leaders saying it may be time for some of the auto leadership to change.
Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear.
You thought rolling back the odometer to make a car look newer was only in the movies? You thought wrong.
Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Stocks turned mixed in afternoon trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.