*Big shareholder Porsche says eager to calm situation. BERLIN/ HAMBURG, April 19- Volkswagen Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters. After an emergency meeting in Salzburg last...» Read More
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.
There are hook-ups that work, and hook-ups that don't. In the car business, there are many that fail to live up to their promise. Which has many people wondering if the partnership formed between Chrysler and Nissan will pay off for both companies. I think it will. In fact, it's a smart move for both companies.
Chrysler and Nissan Motor unveiled a production alliance on Monday that gives the U.S. automaker the small car it lacks and allows the Japanese company to stay in the competitive full-size U.S. pickup truck market.
I'm in Asia for the next two weeks, covering stories. One of them is the Beijing Auto Show and I hope to have some posts about that. Please look for them in the days ahead.
When I heard that Toyota is finally getting into the sports car business two thoughts jumped into my head. First: it's about time. Second: those who accuse me of fawning all over the Japanese automaker will have a field day.