Deloitte, whose audit clients range from carmaker General Motors Co to investment bank Morgan Stanley, achieved total fees including consultancy work of $34.2 billion last year, giving it a $248 million lead over second-placed PwC, the annual International Accounting Bulletin World Survey said. Rob Tautges, chief executive of mid-tier firm HLB...» Read More
Chrysler dealers, meeting as a group for the first time with the struggling automaker's new management team, Sunday expressed support for a newly unveiled plan to shrink Chrysler's retail network and streamline its product line-up.
As we reported this morning, Chrysler executives are discussing a plan that would call for the struggling automaker to aggressively shrink its product and dealer line-up in a move to get the company back in the black.
Chrysler plans to cut its product line by half and also sharply reduce the numbers of dealerships as part of its strategy to cut costs and boost profitability, CNBC has learned.
A couple of items from the Chicago Auto Show that may not be getting the attention they deserve. Intellichoice has released its best overall value awards and, not surprisingly, Toyota's Prius is the best overall car under $24,000.
World number-two truck maker Volvo posted a smaller-than-expected rise in fourth-quarter pretax profit on Wednesday, hitting its shares, but said itstill saw firm growth in its key European market.
There's a snow storm bearing down on us here in Chicago, and with the auto market almost as cold and uninviting as the weather, the Chicago Auto Show is trying to shake the winter blahs. The unveiling of the new Dodge Challenger should help.
I often hear this from people as I walk around auto shows: "I'm pretty smart...I know my cars." It seems like everyone is a car expert, but how many really are so knowledgeable that they do influence others about what vehicles they drive?
Toyota Motor reported a 7.5 percent rise in quarterly profit on Tuesday thanks to speedy growth in China, Russia and other emerging markets.
Yes, the game was incredible. So good, you could argue that, for once, the Super Bowl commercials took a back seat to the game. But for two automakers, Audi and Hyundai, the big game was big chance to show off two big models. Audi's spot for the new R8 ran early in game and played off the famous scene in "The Godfather"...
General Motors said that its total U.S. vehicle sales rose 2.1 percent in January -- making it the only major automaker to turn in positive results for the month.
We knew January auto sales would be lackluster. We knew that auto dealers weren't terribly confident about the consumer. The numbers today have lived up to our low expectations.
Nissan Motor, Japan's third-biggest automaker, reported a 16 percent rise in quarterly profit on Friday, helped by the popularity of vehicles such as the Rogue and Qashqai SUVs, and stuck to its forecast for a small gain for the full year.
Got a lead foot? Well here's something that will make you slow down: Speed Cameras. Yes, the cameras we will see at an increasing number of intersections around the country that will catch us ripping through areas 10, 15, 20 miles over the speed limit. Seems this is one picture we'd all rather not be in.
With rates so low, Cramer just might.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.
This afternoon, a new survey of car buyers is hammering home a point I've heard about, and blogged about, many times in the past: When gas prices hit a certain level people will turn away from big trucks and SUV's and migrate into hybrids and smaller, more fuel efficient vehicles.
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.