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
Tom Libby, an auto analyst for J.D. Power and Associates, told CNBC’s “Squawk Box” that Jeep may be diluting its image with too many “cross-over”models, or SUVs based on cars.“I think long-term there is an issue about whether they’re helping or hurting the brand,” Libby said Thursday. “These new products are car-based. Frankly, the Compass does not look a ‘Jeepish’ – it does not have the masculine, assertive, aggressive look of traditional Jeeps. Long-term, I think there’s the possibility they’ll dilute the image of being a tough, off-road SUV.”
General Motors today unveiled a mini-car prototype, while Ford discussed a plug-in hybrid vehicle it is developing at the New York Auto Show.
Speaking on the sidelines of the New York International Auto Show, Troy Clarke said the company is scaling back production on some cars and mid-size sport utility vehicles to cope with softer demand. GM had anticipated an uptick in second-quarter retail demand.
It’s official: DaimlerChrysler confirms that its Chrysler division is up for sale. The announcement was made today by Chairman Dieter Zetsche at his company’s shareholder meeting in Berlin. Although he did not name potential buyers, private-equity firms Blackstone and Cerberus, and Canadian car group Magna International have reportedly made formal bids on Chrysler. Brad Rubin, auto trading sector specialist at BNP Paribas, and Michelle Krebs, senior editor at Edmunds’ Auto Observer.com appeared on "Morning Call" to debate whether a sale to private equity would be the best thing for Chrysler’s future.
Wow-there were a lot of big gains Tuesday, and many of our celebs came from behind to move up the ranks. Chris Moneymaker stepped it up taking the lead with an all-in buy of Gigamedia Monday, netting him over $47,000, Tuesday (and for being first, Chris gets his picture posted). And Ernie Hudson moved from 8th to 6th, AND Johnny Bench moves up two spots from 9th to 7th. At last (and no longer close to last) Johnny's making his move!! Here are the standings:
General Motors, Ford and DaimlerChrysler reported declines in March U.S. sales, fulfilling analysts' expectations that the Big Three U.S. automakers would all see a drop from the same month last year. Meanwhile, sales at Toyota rose, though less than expected.
The Ford HySeries Edge is the first car to run on both electricity and hydrogen. While its lithium battery generates electricity, the fuel cell extends the vehicle’s range to hundreds of miles. Ford Motors' manager of fuel-cell engineering, Mujeeb Ijaz, explained how it works on “Morning Call.”
General Motors, Ford Motor and the Chrysler unit of DaimlerChrysler continue to lose market share to non-U.S. rivals.
Shares in the world’s largest utility E.ON increased considerably after it gave up its 42 billion euro bid ($56 billion) for Spanish utility company Endesa (down 0.69%), agreeing to split it up with rivals.
Guest blogger Jeff Mishlove is back--with more insights for you contest players. He's called this piece, "Surf the Waves and Buy the Dips." Here it is: You don’t have to live in California or Hawaii to surf the stock market. And, you can buy the dips without worrying about consuming too many calories or grams of fat. In fact, during the heyday of the 1990’s internet bubble, the rallying cry was “buy every dip!”
When your company is losing market share and billions of dollars, it's not exactly the best time for a CEO to go in to a showroom to see how things are going on the front lines. But that's what Ford CEO Alan Mulally did on Friday.
Shares of Italy’s Pirelli soared to 9.67% Monday morning after it revealed late Sunday that it was in talks with U.S. telecom giant AT&T and its Mexican affiliate America Movil to sell two-thirds of its 80% stake in holding company Olimpia for 2.82 euros a share less debt.
Viewers want to know what's going on with Dell, CarMax, AAR Corp. and more. Cramer has the answers.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.
DaimlerChrysler is expected to receive bids from three potential buyers for its U.S.-based Chrysler division, the Detroit News reported on Friday.
This weekend, while most of us are reluctantly admitting that our NCAA brackets have gone bust (unless you pick only favorites) the auto industry will be watching the Chrysler sweepstakes. Unfortunately, unlike the college hoops championship, by Monday night it's unlikely we will see a clear winner in the battle for Chrysler.
Nissan Motor will recall 1,010,843 vehicles across two models including the March subcompact in Japan, according to a company filing with Japan's transport ministry.
Sirius Satellite Radio is teaming up with Chrysler to bring digital TV to the back seat of your car. CNBC’s Trish Regan reported live in New York City's Times Square Thursday morning for the first unveiling of the product.
CarMax, the largest retailer of used cars in the U.S., posted a 15% rise in quarterly earnings, helped by strong sales and Internet traffic.
The United Auto Workers union has rejected a new "comprehensive proposal" from bankrupt auto parts supplier Delphi , UAW Vice President Cal Rapson said on Wednesday, calling the offer "pathetic."
German sportscar maker Porsche said Wednesday it had completed its acquisition of more shares in Volkswagen for a total stake of 30.94%, triggering a formal takeover offer to VW's shareholders.