DETROIT— General Motors and government officials are expected to announce new vehicles and jobs Wednesday at a sprawling factory complex in Spring Hill, Tennessee.» Read More
Hertz Global Holdings said on Wednesday its fourth-quarter profit rose on an increase in worldwide car rental revenues.
The news this morning that Cerberus Capital is re-organizing GMAC's auto finance business is the latest indication the slowing economy and tighter credit are having a definite impact on the auto business.
By now, you've probably have seen the headlines or stories about Kirk Kerkorian's advisor Jerry York giving a pessimistic view of Chrysler's future. After speaking here in Chicago, York was asked about the prospects for the struggling automaker to turn things around. York said, "Chrysler as a stand-alone company is not viable."
I hear it all the time from car buffs, Chrysler fans, and those who lament the struggles of the American automakers. It goes something like this: "Why is Chrysler cutting back here in the U.S. and looking to expand overseas?"
Cramer makes the call on viewers' favorite stocks.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.
Continental Airlines has held preliminary merger talks with AMR's American Airlines, the Wall Street Journal reported Friday, citing a person familiar with the situation.
European stocks closed sharply lower Friday, with banks suffering the worst of the selling as investors braced for further writedowns from the sector.
French tire group Michelin reported on Friday a rise in 2007 operating income due to cost cuts and price hikes and said despite many uncertainties it expected a further increase in 2008.
Yesterday, I blogged about the growing speculation in the auto industry that we may be seeing the final hurrah for muscle cars. And yes, many of you took me to task for calling pony cars, muscle cars. Anyway, I was blown away by the e-mails many of you sent to me in which you said, "NO WAY! WE'RE NOT GIVING UP ON MUSCLE CARS!" Here's a sampling.
The head of Renault said on Thursday he was confident the group would hit its 2009 targets for profitability and volumes despite a downturn in European markets and a possible slowdown in emerging markets.
Daimler forecast higher unit sales and underlying operating profit in 2008, sending its shares higher despite fourth-quarter earnings before interest and tax (EBIT) that missed market expectations.
Earlier this week, an article in the Detroit News broached the question, "Are the days of the Muscle car numbered?" It was an interesting piece that has sparked a debate among people I know in the auto industry.
The United States has won a preliminary ruling in a World Trade Organization case over Chinese tax policies that restrict imports of foreign auto parts, a U.S. trade official said on Wednesday.
European stocks ended mixed Wednesday, despite surprisingly good news from the U.S. retail sector, which pulled the major indexes higher in the afternoon session.
You love them! You really, really love them! OK, love might be a bit strong, but after I asked you to tell me what new models make your heart goes pitter patter, I heard from many over you. Mark picks the Nissan GT-R.
Cramer is standing by the beleaguered housing stock. Also, his take on Warren Buffett's bond insurer band-aid and why GM could go to $50.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.
A one-time tax benefit helped quartelry operating income, while the company also made a deal with its largest union to offer buyout packages to hourly workers.
When is a positive earnings surprise actually a a doozy of a loss? When it's General Motors fourth quarter earnings. Confused? You aren't alone. Let me explain. GM reported adjusted fourth quarter earnings of $46 million dollars or 8 cents a share.
General Motors shares rose as much as 6 percent Monday as an analyst said the No. 1 U.S. automaker might report better than expected results from its automotive operations this week.
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.