*Model's revamp may cost up to 650 mln euros- analyst. BERLIN, Jan 28- With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a loss-making luxury saloon. The 76,000- euro Phaeton, a pet project of Chairman Ferdinand Piech, has never met VW's original sales...» Read More
Ford CEO Alan Mulally says the bankruptcy of even one of America's auto companies could bring down the entire industry.
Before flying into Washington D.C. for two days of Congressional hearings, Ford CEO Alan Mulally told me that he's looking forward to talking with U.S. Senators and explaining how Ford is transforming its business.
Hatched hastily almost two months ago, the TARP was conceived to stabilize markets and restore investor confidence, but critics argue it is now looking so amorphous and vulnerable to political trade winds, that it is has become almost a constant of uncertainty.
US cars have become the "size of houses," and no-one wants to buy them anymore, Clem Chambers, CEO of ADVFN, told CNBC Tuesday.
Investors will have an eye on Washington Tuesday as bailouts past and future are discussed on Capital Hill.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
In late breaking news Dylan Ratigan reveals that Senate Democrats are preparing a bill to rush financial aid to auto makers.
Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
As recession fears continue to spread globally, investment banks like Goldman Sachs scramble to survive — and investment gurus alter their tactics and strategies to roll with the damage. CNBC's expert advisors gave their outlooks on what's coming and what to do about it.
Stocks wavered after a morning selloff as investors shrugged of the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Stocks declined Monday as the latest wave of dismal news washed over Wall Street: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Stock index futures were indicating a sharp loss Monday for Wall Street, as investors worried over the future of the auto industry and more signs emerged of a retail slump.
United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
For the last "Invest in America" segment of another volatile (is anyone else getting tired of that word?) trading week, Cramer brings on Sandy Cutler, CEO of Eaton, one of the market's surprise stories of late. It's one of those "accidental high-yielders-companies that paid paltry yields that have been transformed into generous, juicy ones because of the massive declines in their stocks." These kinds of stories and these kinds of companies are Cramer's fave. Eaton once offered a slight 2% yield during its 52-week high of $99, but now boasts more than double that: a 4.8% yield at where the stock is trading.
Another week of volatility is over: major declines Monday through Thursday morning, followed by a huge rally Thursday afternoon, ending with a failed rally today. What's ahead next week? Cramer thinks the downside may not be over and poses a major question: if you knew there was another Lehman Brothers ahead -- the collapse of LB being the instigator for most of the financial crisis that started early this Fall -- would you buy or sell?
For better or worse, the CEOs of GM, Ford, and Chrysler have bought into the idea that this "spinning" is the way to win over the public and law makers. They are no doubt being told that this is the way to stop people from believing Detroit brought many of these problems on themselves.
A hidden-camera investigation reveals the “recommended” repairs that could destroy your engine.
The downtown in the economy for the automakers has a silver lining for the consumer: Great deals.
You won't want to miss tonight's show, where we take you under the hood and undercover to reveal the worst car repair rip-offs.
An old friend of mine always used to say, "There's no such thing as a free lunch."