DETROIT, June 18- Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks.» Read More
AutoZone, the largest U.S. auto parts retail chain, posted a 5% rise in quarterly earnings Tuesday as sales at existing U.S. stores edged higher.
Hey folks, we have guest blogger Jeff Mishlove with some thoughts for the final week of the contest. Here's his post: One week ago, I recommended a momentum strategy based upon selecting stocks that had been surging in price during the past three months. At that time, I recommended five stocks: SCHN, NTRI, FCX, LRCX and VCLM. I see that four out of these five stocks are now up for the week.
DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.
The stock of DaimlerChrysler may continue the rise that began last year, freed from the burden of Chrysler, Barron's reported in its May 21 edition.
The Sierra Club is asking U.S. automakers to build cars with something called an integrated starter-generator. Why? Well, to lower the idling time in cars of course. It would save gasoline, cut down on greenhouse emissions and help combat global warming. The lovely and talented Sheryl Crow recently called for a ban on excessive toilet paper use. I'm not sure about the calculus on this one -- but somehow that's supposed to combat global warming too.
Good morning all. Big changes on the leaderboard for the contest finals. Steven Lee (that's his picture) jumps from 12th place on Wednesday to take the lead by gaining $182K with Acxiom Corp. which was up 18.08% Thursday. And Mary Williams continues her climb from 4th place Wednesday to take 2nd place--with another big gain on Ctrip.com that added $87K to her portfolio. Serge Amelyan falls into 4th place from first and Stephen Luchko is down in 6th place from 2nd.
DaimlerChrysler will use the repayment of intercompany loans to reduce its debt sharply once the sale of its U.S. arm Chrysler closes, Chief Financial Officer Bodo Uebber told a newspaper.
General Motors' Rick Wagoner said he expected more consolidation in the U.S. auto industry and indicated a merger of GM's former financial arm GMAC was possible.
If history is any indication, Cerberus Capital will be slashing Chrysler down in size, making this Japanese automaker the last large car company left in America. He thinks it’s the only play worth considering in the sector. 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.
The rump of DaimlerChrysler will do its best to stay independent once the sale of U.S. arm Chrysler goes through, Chief Executive Dieter Zetsche was quoted by the Wall Street Journal as saying.
Quanex said it was exploring alternatives for its building products group, including a tax-free spin-off, sale or joint venture, sending shares to an all-time high.
Ford has signed Funkmaster Flex -- a popular hip-hop DJ and personality on New York City's Hot 97 radio station -- as a company pitchman for its Ford Flex Expedition, and as host of a new TV show where regular Joes compete in customizing one of the company's SUVs. This is a smart move by Ford for a couple reasons. First, Flex's popularity with younger car buyers can help the company gain some much needed buzz on the new Flex CUV. Second, it's another case of Ford trying to break out with a new approach.
Britain's biggest bus service company, FirstGroup, reported an 11% increase in underlying yearly profit on Wednesday, and said the new financial year had started well.
After its sale to Cerberus Capital Management, Chrysler will focus more aggressively on product development and pursuing joint ventures and partnerships with automakers overseas, reports CNBC's Phil LeBeau.
Diversified manufacturer Ingersoll-Rand is reviewing a sale or spinoff of Bobcat as it shifts away from capital-intense heavy machinery.
Talk about a sign of the times. Monday, DaimlerChrysler essentially pays money to unload the Chrysler division. Tuesday, Chrysler posts a first quarter loss of $1.98 Billion. Good thing Chrysler CEO Tom LaSorda has such an upbeat outlook on things, otherwise he'd really be depressed at how far his company has fallen.
DaimlerChrysler on Tuesday posted a 73% rise in first-quarter profit as one-off gains and a profit rebound at Mercedes helped overcome ballooning losses at Chrysler, the U.S. arm it is selling.
Family control of a publicly traded company is increasingly coming under attack. But the dual classes of stock that allow a family to maintain control without holding a majority stake probably won't disappear anytime soon, financial experts say.
Ford Motor's founding family said on Monday it was not discussing the sale of its controlling stake in the No. 2 U.S. automaker, even though they met last month with a Wall Street advisory firm.
Private equity firm Cerberus Capital Management will buy the majority of DaimlerChrysler's struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago.