General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.» Read More
Hitting home: When a big story hits, it’s always very exciting. It’s also a bit nerve-wracking when the story, at least potentially, involves you personally. David Faber’s big scoop today qualified on both counts. During "Morning Call," David broke the story that News Corp. was bidding $60 per share to acquire Dow Jones -- sending quite a wave of excitement throughout our newsroom. It’s not just a potentially huge takeover deal -- it’s one that could change OUR lives tremendously.
General Motors, Ford Motor and DaimlerChrysler's Chrysler Group all reported April sales that beat expectations, defying predictions that the poor housing market and high gas prices would drag automobile sales sharply lower.
Chrysler Group announced Monday that it will offer a hybrid Hemi in its Dodge Durango and Chrysler Aspen sport utility vehicles that will improve their fuel economy by nearly 40% in the city and about 25% on the highway.
CNBC-TV had it's five for five segment today--that's where they look at five stocks making news this week. It's pretty much based on earnings. Jon Hilsenrath, editor at the WSJ was the guest to talk about the stocks. Again, these are not recommendations for the contest (or your personal portfolio) but more along the lines of what stocks could have a jump up or down.
U.S. auto industry sales have dropped far below expectations for April, a Ford Motor executive said on Friday, as rival General Motors rolled out an incentive program intended to boost crucial month-end sales.
Why are earnings so important? Well, this CNBC-TV news report today from Bob O'Brien shows what they can do. Bob focused on Goodyear, which admittedly is not a contest stock that might put you over the top, but with their earnings report out, the stock saw a 6.345 rise at one point today.
Steven Landry, who was named on Friday to take over Chrysler's sales efforts in North America, said the automaker plans to reduce fleet sales to 21% of its total sales volume by end 2009.
General Motors is offering lower-interest financing to customers with weaker credit ratings through this weekend in an effort to boost sales for April, sources familiar with the sales plan said.
Cummins, a diesel engine maker, posted a better-than-expected increase in quarterly profit as strength at its power generation and distribution businesses offset an expected decline in truck engine sales in North America.
General Motors suspended development work at two U.S. plants after talks between the union and management on cost cutting ended, the Wall Street Journal reported on its Web site on Friday.
Renault said first-quarter sales fell 2.7% to 10.256 billion euros ($13.948 billion) from a restated 10.541 billion euros ($14.336 billion) a year earlier, as a decline in European sales led to a 3.8% fall in the group's worldwide car sales.
Ford Motor said Thursday its first-quarter loss narrowed as cost-cutting and improved results at its European and luxury vehicle operations partially offset weaker sales and charges for restructuring.
Car dealership chain AutoNation on Thursday said quarterly profit fell, hurt by higher interest expense and weaker demand for new vehicles in the key markets of California and Florida.
Honda Motor sees a tough year if the yen firms and dents export earnings, but it should still increase market share in Europe and the United States with its Civic and CR-V models and a new Accord sedan.
Toyota became the world's top auto seller in the first three months of the year, passing rival General Motors for the first time, the Japanese automaker said Tuesday.
Hey folks, here are today's trivia questions. The video question is worth $2,000 Bonus Bucks: According to the Alix Partners brand survey, which company was voted the least trusted brand in America? Your selection of answers is: Microsoft or Kraft or Ford or Sony. The news question is worth $1,000 Bonus Bucks: How many vehicles did Toyota sell worldwide in the January-March quarter? Your selection of answers is: 2.348 Million or 4.663 Million or 5.347 Million or 5.139 Million.
The news out of Tokyo that Toyota eclipsed General Motors in 1Q sales is likely to elicit the usual round of "Detroit is dying" stories in the media. However, this news is not a surprise and does not mean Detroit is dead. Are the Big Three struggling to find their way domestically and globally? You bet.
Toyota Motor became the world’s top car manufacturer in terms of global vehicle sales for the first-quarter, taking the top spot from U.S. car maker General Motors, according to Toyota's figures out Tuesday.
Nissan Motor will announce details of a voluntary early retirement program in Japan Tuesday, aiming to cut up to 1,500 blue and white-collar jobs amid a shrinking domestic market.
The crisis in the U.S. mortgage market has hurt U.S. auto sales this month, General Motors Vice Chairman Bob Lutz said on Monday.