DETROIT, Dec 12- Ford Motor Co said on Thursday that it is adding more than 11,000 new jobs in the United States and Asia in 2014 as it rolls out 23 new vehicles, the biggest launch year in the company's 110- year history. The second-largest U.S. automaker will hire more than 5,000 workers in the United States, including 3,300 salaried positions.» Read More
Shares in BMW rose 1.7% on speculation it could buy Swedish automaker Volvo from Ford Motor, according to reports on Swedish magazine Gotenborgs Posten’s Web site citing undisclosed sources.
Here's one to get the auto world buzzing. There are reports out of Europe that Ford is considering selling its Volvo brand to BMW. This could be an intriguing deal for both companies. But would it make sense? I'm not so sure.From Ford's perspective, Volvo is the best selling and most valuable brand in Ford's Premier Auto Group (Jaguar and Land Rover are the other brands) and has long been considered the asset "most likely to be sold." In fact, the Ford board has reportedly kicked around the idea of selling Volvo for some time.
Loss-making Ford is planning to sell Swedish car maker Volvo and German carmaker BMW could be a possible buyer, a Swedish newspaper said on Monday.
Wow! Who says people don't get fired up over their cars?Friday morning, my blog was about a Detroit News report that GM is pulling back the Pontiac brand and assessing whether to eliminate some its models in hopes of better defining the brand. Since then, the Pontiac fans have made their presence known and are blasting me as being, among other names, "a moron."
Here's one of our last looks at the contest stocks. The most active and widely held remained pretty much the same throughout the contest and the finals--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Most best and worst performers were affected by earnings and M&A's over the weeks as well. Here you go:
Shares of the German engineering group Siemens fell as a corruption probe from the U.S. Securities and Exchange Commission is expected to result in a substantial fine, Chairman Gerhard Cromme told German newspaper Sueddeutsche Zeitung.
General Motors said that U.S. government officials have requested documents relating to its accounting of derivatives and said its exposure to bankrupt auto parts maker Delphi was probably $7 billion.
It's the way NASCAR began: dirt roads, fast cars and illegal booze.Running moonshine, 'corn liquor,' to outrun the law was the training ground for most of the early NASCAR drivers: the Richard Petty's, the Junior Johnson's.Now it's all come full circle. Junior Johnson is helping sell legal moonshine.
Sugar and sweetener producer Tate & Lyle was the biggest loser on the FTSE-100, falling 6.2%, despite posting a 14% rise in full-year profit.
Here's our latest contest "stock report." Mortgage finance company FMT is back in the news--as a best performer, thought it's been gone for a while as one of the most widely held, it's in the most active list. And GIGM turned into a negative play with news the company sees slower growth ahead. Here you go..
As I filled up this morning outside Chicago, the price for a gallon of gas was $3.65 -- among the highest prices in the country. You'd think that would send people running to auto dealers to trade in their 8-cylinder car for a fuel-efficient four-banger. Well, that hasn't exactly happened.
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.