HONG KONG— A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Hung and Rolls-Royce executives signed the deal Tuesday at the company's Goodwood factory in England.» Read More
The sector's so hot even sprinklers are making money.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.
Occasionally, when I state my opinion about a particular car or automaker, I get swamped with e-mails from people who think I'm an idiot. Yesterday was one of those days: I was talking about the new Corvette ZR1...
I'll admit it, I've never really been a big Corvette fan. Don't get me wrong, I clearly see the car's appeal. But for my money, the 'vette has always been a solid sports car that failed to blow my doors off. I know, you 'vette fans are reading this and saying, "You are wacked Toyota Phil."
Hedge wise and sleep well. Or, as they say in German: Gut gehedged ist halb gewonnen! Silvia Wadhwa gives her take on the single currency.
As we close out this year, I know some of you are asking, "Hey Toyota Phil (a nickname a friend gave me after accusing me of giving the Japanese automaker too much praise) what do you think will happen in the auto industry next year?" Well, since you asked, and I know some of you haven't asked, here are my prognostications for 2008.
On Tuesday night, the Pentagon issued a $2.7 billion order for 3,100 more Mine-Resistant Ambush-Protected vehicles, or MRAPs -- designed to protect troops from roadside bombs in Iraq. Herer are the seven manufacturers that will gain from the order.
Just for a minute, I want you to block out the opinions you have about certain auto brands. So if you always see BMW's as refined and stylish, stop. Or if you think Hyundai's are overrated, hold it. OK, now that you have a clear mind, think about this: Saturn, Suzuki, and Buick are changing their acts and are increasingly being seen in a positive light by car buyers.
Honda Motor said on Wednesday it would aim for U.S. sales of 1.59 million cars in 2008, up 3 percent from its estimated record sales of 1.55 million there this year.
As I've been talking about for some time, and as we've seen from auto sales in the last couple of months, the price of gas IS causing people to shift the kinds of vehicles they are planning to buy. The latest evidence comes from Kelley Blue Book.
For the second straight year, General Motors is in a position to win the honors of North American Car and Truck of the year. The winners will be announced at the start of the North American International Auto Show in Detroit January 13th.
Toyota Motor will raise its projected global production to almost 10 million vehicles next year, and could soon outpace U.S. rival General Motors to become the world's largest automaker, a newspaper reported.
The 1st part of CNBC Smoke Test - ABSTRACT
Here's an interesting move: take a large SUV that struggles to get great mileage and export it to a market known more for compact cars. That's what GM is doing with its HUMMER brand and its expansion into Japan. I'm not sure this makes sense.
General Motors Corp has had talks with Russia's GAZ about a possible tie-up that would give the No. 1 U.S. automaker more production capacity in the booming Russian market, GM Chief Executive Rick Wagoner said Monday.
Want further proof we're in a global auto market where the countries outside the U.S. are playing a bigger role? Consider this: there are reports that Europe is on the cusp of passing up the U.S. as #1 in the world for sales. Think about that for a second.
Oh, for the days of the gold Plymouth Duster (my friend Bob had a '72 one with three on the tree) or light green (my friend referred to it as "puke green") AMC Gremlin. Remember the old days when some automaker would come out with a funky colored car and people actually bought them?
The big three automakers plan to curtail production of full-size pickups for several weeks as economic worries hit sales of their most profitable products, the Wall Street Journal reported.
Chrysler Chief Executive Robert Nardelli expects the automaker to lose $1.6 billion this year, the Wall Street Journal reported in its online edition, citing sources familiar with the matter.
GM said it's interested in exploring further cooperation with automaker AvtoVaz as one way to "expand our footprint in Russia."
AutoZone, the largest U.S. auto parts retail chain, said on Tuesday quarterly earnings rose 7 percent, helped by the sale of higher-profit products.