*Model's revamp may cost up to 650 mln euros- analyst. BERLIN, Jan 28- With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a loss-making luxury saloon. The 76,000- euro Phaeton, a pet project of Chairman Ferdinand Piech, has never met VW's original sales...» Read More
I asked, and you told me--which of the Big 3 has the best chance to turn things around. A lot of you think General Motors has the best shot. This was not a scientific survey of course, and to be honest, I received a slew of e-mails from people who think Ford and Chrysler are the two automakers that will get their act together first with new models that se
General Motors said Thursday its global sales rose 4 percent to a record 2.38 million cars and trucks in the third quarter of 2007, driven by strong demand in emerging markets.
Finally, at long last, someone in Detroit has seen the light. That someone is Chrysler president Jim Press, and what he's about to do is something executives in Detroit should have been doing for decades: Stop building cars/trucks/SUV's that don't sell.
Volkswagen's group sales rose 6.5 percent last month to 545,500 vehicles, its best September ever, as brisk foreign sales offset a slump at home in Germany, Europe's biggest carmaker said on Thursday.
Honda Motor, Japan's second-largest automaker, has suffered a sharp fall in sales in Japan and will revise down its domestic sales volume target for this year, a top executive said on Thursday.
Cramer says yes. And LKQ Corp. is the best way to play it.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.
Here's a 'guy' question. Is it uncool to drool? Really, I mean it. When you're standing in a showroom with over a hundred vintage muscle cars, all for sale, is it okay to become slacked jawed and lose a little saliva?
Go ahead, say it! SAY IT! When some of you saw the news that Consumer Reports is no longer recommending one of the Toyota Camry's (6 cylinder), Tundra's (V-8 4WD) and Lexus GS (AWD) the first thing you thought is, "I told you so!!!"
Toyota Motor said it would recall about 470,000 cars in Japan including the Crown, Sienta and bB models, on fears of fuel leaks and steering problems, sending the automaker's shares lower.
Here's my first "vlog" or video piece made exclusivey for this blog. The topic:for the first time in more than a decade, Consumer Reports does not recommend Toyota's Camry. Take a look and listen.
Get ready. Here comes one of the biggest ad and marketing blitzes of the year. On TV, in magazines and on the internet--especially the internet--GM is out to prove it can still make a car we want.
New car sales in Europe were slightly down in September and virtually flat over the nine months, data showed on Tuesday, as consumers remained cautious despite low interest rates amid a paucity of new car models.
It's a pretty simple story today: Citi and Eaton. Citi, because they spoke about the need to raise reserves for potential losses in the credit area (reviving concerns about a consumer burdened by debt) and Eaton because they lowered Q4 guidance.
Ford Motor Chief Executive Alan Mulally said Monday he is pleased with the "breadth and depth" of interest in Ford's British luxury brands Jaguar and Land Rover.
A new four-year contract between General Motors and the United Auto Workers will transfer an estimated $46.7 billion worth of retiree health care liability from the company to the union and will significantly reduce labor costs, the company said Monday.
It came out left field. There I am Saturday morning at the gas station when the guy behind me said, "You keep saying GM's getting better. I'll believe it when I see it." At first I wasn't sure he was talking to me, but after a few seconds I asked him why he he doubts GM is coming back.
Ford Motor, considered the weakest of the three U.S.-based automakers, could agree on a new contract with the United Auto Workers union fairly quickly and without the strikes that marked negotiations with General Motors and Chrysler, analysts said on Thursday.
Ford Motor is expected to name long-time Toyota Motor executive Jim Farley to head its marketing division, a person familiar with the matter said Thursday.
Need proof the Big 3 may be on the verge of doing some good, perhaps even great things? Check out the latest management coup with Ford hiring Jim Farley away from Toyota to become the U.S. automaker's main man running marketing and communications.
Winnebago Industries, the No. 1 maker of motor homes, reported a rise in quarterly earnings on Thursday on significantly higher deliveries of the largest models.