SEOUL, Nov 24- U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon...» Read More
How's this for an intriguing move. Tracinda Corp., the investment firm representing the vast interests of billionaire investor Kirk Kerkorian is tendering an offer to take a greater stake in Ford Motor Company.
This company is years ahead of the competition, Cramer says.
European shares rallied on Friday to end the week in positive territory, led by technology stocks after Ericsson beat forecasts with its earnings, and as the banking sector stabilized.
Earnings news dominated Friday's European trade with Sweden's Ericsson's shares up more than 12 percent after the company reported better-than-expected results.
Chief executives from Europe discussed earnings, opportunities and challenges their companies face in 2008 with CNBC Europe Friday.
Honda Motor posted a muchbigger than expected 85.6 percent tumble in quarterly net profit on Friday, and forecast a weak year ahead hit by a stronger yen, rising commodities prices and a soft U.S. car market.
Microsoft beats expectations but lowers its forecast, Apple surges, the greenback makes a big comeback and more in Thursday's Word on the Street.
This is getting to be a habit for Ford Motor Chief Executive Alan Mulally. Once again, his company has posted better-than-expected quarterly earnings. This time, the company turned a $100 million profit when Wall Street was forecasting a loss of roughly $300 million.
Ford Motor posted a quarterly profit on Thursday led by strong results in Europe and South America and a narrowing loss in North America.
Hyundai Motor on Thursday posted a 28% rise in quarterly net profit but the result missed forecasts by a wide margin as rising raw material prices offset higher sales fueled by a weaker won.
Autopart recycling is a part of a broader secular trend that plays right into this company's business, Cramer says.
Thursday will be a big day for European earnings, with heavyweights like Credit Suisse, Fiat and ABB set to hit the tape.
Are we finally at the tipping point? You know, the point where people are so fed up with spending $40, $60, or $80 to fill up their car, truck or SUV that they clamor for something to be done? If word of mouth is worth anything, I say we've hit that point.
European shares fell for a second consecutive day on Tuesday, led lower by banks after Royal Bank of Scotland unveiled a record rights issue, while gains in mining and oil stocks lent some support.
There is a fondness and attraction to Cadillac, Buick and Chevrolet that is helping GM make headway in China.
Talk about coming of age. The Beijing Auto Show and China's auto market are making a statement this week. It's loud and clear: "We are world players!" In fact, it brings up the question about whether this show and the Chinese market are bigger than the Detroit Show and U.S. Market?
Hybrids are finding growing acceptance around the country - including the Midwest, although the West Coast , thanks to California, is still the largest market.
Chrysler is on target to meet the goals set by its private equity owner Cerberus Capital Management, despite a weakening U.S. economy, the company's top executive said on Thursday.
American Axle & Manufacturing Holdings and the United Auto Workers have made progress in talks aimed at ending a seven-week strike at five U.S. plants, but talk of a tentative agreement remains premature, a company spokeswoman said Thursday.
Toyota Motor's 2008/09 operating profit is likely to fall by around a quarter, underscoring tough business conditions for Japanese manufacturers, the Nikkei business daily said on Thursday.