Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.» Read More
Chrysler CEO Tom LaSorda sent an e-mail to Chrysler employees attempting to counteract speculation on a possible sale of the auto maker and ease fears about the automaker's future, according to CNBC's Phil LeBeau.
One week of rumors, speculation, and angst was long enough for Chrysler CEO Tom LaSorda. He finally said something to his workers Wednesday night. In an e-mail obtained by CNBC, LaSorda essentially told Chrysler 82,000 employees to don't let the sale talk distract them from turning around Chrysler.
TomTom, the Dutch maker of satellite-based navigation systems for cars, reported sharp increases in fourth-quarter sales and earnings Thursday.
Nissan, 44% owned by Renault of France, is always open to new partnerships, but right now its own financial woes are keeping it occupied, the company said. Meanwhile, the UAW has "no opinion" on a possible GM-led takeover.
This morning Renault/Nissan said it is not interested in buying Chrysler. While the French/Japanese automaker alliance has been looking for a third partner in North America, and was trying to work out a deal with General Motors, the company says now is not the time for a deal. Not surprising given the financial problems that have hit Carlos Ghosn's company.
Nissan North America said it will offer hourly production and maintenance workers at two plants in Tennessee buyouts that include a $45,000 lump sum payment.
Now the fun starts. Following last Wednesday's announcement from DaimlerChrysler CEO Deiter Zetsche that he's open to all options for the Chrysler division-including a possible sale- the rumors, scenarios, and yes a few factual reports started coming out all over the world.
Volkswagen, Europe's biggest car maker, said Tuesday that its 2006 net profit more than doubled on strong sales but its operating profit was halved by costly restructuring efforts that have seen thousands of jobs eliminated.
Swedish truck maker Volvo said it would take over Nissan Diesel Motor for $1.1 billion, seeking further growth in Asia and to capitalize on the Japanese truck maker's expertise.
Over the weekend reports have circulated that many companies are eyeing Chrysler and hat suitors could include South Korea's Hyundai Motor and General Motors on the division.
With DaimlerChrysler moving ahead on its plans to sell or spin off the Chrysler Group, there are a number of interested parties who are reported to be at least kicking the tires on a potential deal.
Hyundai Motor., the world's sixth-largest automaker, on Monday denied a British newspaper report that it is interested in acquiring Chrysler, the U.S. unit of German automaker DaimlerChrysler.
General Motors is talking with DaimlerChrysler about a sports utility vehicle, but it is unlikely to be interested in buying Chrysler.
The boating industry is in a deep slump and sales are particularly weak in the Midwest, where auto industry layoffs are hurting consumer confidence.
Anyone who’s ever worked in the news business -- be it radio, television, or print -- has it drilled into their heads from day one: get it on (or out) NOW! ... In television, we have many ways to deliver breaking news. On the surface, that sounds like a nice advantage, and most of the time, it is. But it also introduces variables that other media don’t need to consider.
Ford Motor expects to miss its U.S. retail sales goals for February and March because of a deepening slump in the market for pickup trucks and SUVs, a person who had seen the forecast said on Friday.
General Motors doesn't appear to be in serious negotiations to buy Chrysler Group from its German parent, DaimlerChrysler spacer. It doesn’t mean it couldn’t happen down the road, but it seems like we may be getting ahead of ourselves.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. The World Economic Forum in Davos, Switzerland will discuss sustainable energy on January 24-27 and one thing is clear: There will be no immediate miracles. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. Then there is the trillions of dollars in investment that will probably needed. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
Goodyear Tire & Rubber, the largest U.S. tire maker, reported a wider quarterlyloss Friday due to a nearly three-month strike by union workers in North America that cost the company $367 million.