DETROIT, March 7- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne made salary and stock awards worth $307,989 last year for heading Chrysler Group LLC, according to a filing with U.S. regulators by the American automaker on Friday. Fiat SpA, based in Italy, and Chrysler Group LLC, headquartered in Michigan, were merged in January.» Read More
European stocks closed lower across the board Wednesday as bigger-than-expected writedowns from UBS added to the general gloom surrounding the banking sector and did nothing to calm investors’ jitters ahead of an expected interest rate cut in U.S.
Boeing said fourth-quarter profit rose a greater-than-expected 4 percent, but it cut its full-year revenue forecast to account for delays on its new 787 Dreamliner.
Since writing my blog earlier today about whether or not you would be willing to pay extra ($1,500-$6,000) for a car that could guarantee returning an average of 35 mpg, I've been surprised both at the number of answers I've received, and what many of you are saying.
There's a bit of a debate brewing in Detroit, and frankly with all of the automakers around the world. The question is: How much more will car/truck/SUV buyers pay to buy a model that delivers 35 MPG? Or for that matter, to buy a ride that will meet the new fuel economy standards?
Top Japanese automakers are due to report higher third-quarter earnings led by strong overseas sales, but the next few quarters could see profits fall as the dollar weakens against the yen.
In asking you last week if now is a good time to buy a new car or truck, I was struck by how many people said, "Now, is not the time, but this spring it will be. That's when the auto companies roll out big discounts as sales slow down." Seems we've all become conditioned to expect spring sales.
Harley-Davidson said Friday quarterly earnings fell 26 percent as sales of its iconic motorcycles tumbled in the United States, its biggest and most important market, sending shares down 5 percent.
It was a simple question that stirred quite a bit of reaction and e-mails. On Wednesday, I asked you if you think now is a good time to buy a new car, truck, or SUV, and not surprisingly, you are split on whether to take the plunge.
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.
Ford Motor posted a sharply narrower fourth-quarter loss on Thursday after cutting costs and boosting margins on vehicles and said it expects a net loss for the full year 2008.
On the Ford 4th quarter earnings conference call, CEO Alan Mulally confirmed what we expected (more buyouts for Ford's hourly workers) and made it clear, this may not be the end of the cuts.
As I stand outside. Ford headquarters on a brutally cold day, I'm toying with how to make a play on words about Ford's 4Q earnings might be warming the hearts and portfolio's of it's investors.
Hyundai Motor, South Korea's top automaker, said on Thursday its quarterly operating profit more than doubled, fueled by higher sales and a softer won.
It's a pretty straight forward question, and one I hear more and more people asking: Is now the time to buy a new car or truck? The deals are far from spectacular (avg. domestic incentive last month was $3,654, and the Average Asian brand incentive was $1,625) and given the shaky market and economy...
This morning GM released its global sales for last year, and guess what, the company is still #1 in the world. But it is now in a virtual tie with Toyota for the top spot. Officially, GM sold 9.369 million vehicles worldwide.
Chrysler Chief Executive Bob Nardelli said the Federal Reserve's emergency 75 basis point rate cut would help consumer confidence and boost auto sales in 2008.
Give the guys at the blue oval credit. Their new model and new technology push is getting the attention of younger buyers. I'm not ready to say Ford's line-up is packed with models the youngsters want, but there's definitely momentum building.
Particularly, the FBR Focus Fund, with an average annual 20% return. Cramer talks to the fund's manager about his strategy for staying on top in a bear market.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.
With all the attention focused on building gas electric hybrids, new forms of ethanol, and hydrogen fuel cells, the most interesting race in the auto industry is the development of electric powered cars and trucks.
"Go ahead, lift it's skirt, so to speak." "Okay, here we go." That's me talking to Bob Boniface, the Director of the Volt Eflex Design Studio at General Motors. He's doing the lifting. "That's it, that's all I can show you. But the future of General Motors rest right there."