DETROIT, March 7- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne made salary and stock awards worth $307,989 last year for heading Chrysler Group LLC, according to a filing with U.S. regulators by the American automaker on Friday. Fiat SpA, based in Italy, and Chrysler Group LLC, headquartered in Michigan, were merged in January.» Read More
Here's our re-cap of the day. Remember, the two week finals begin this Monday for both the Million Dollar Portfolio Challenge and Second Chance Showdown (open to all non-portfolio challenge finalists who have opted-in). All players in both contests start Monday with a fresh portfolio of $1,000,000 CNBC Bucks--and each player has only one portfolio. There are no more trivia questions for Bonus Bucks--today's the last day for them. And if you think you will be weekly winner #10, check your email--starting tonight--to see if we've contacted you and you qualify as the winner. That way you can start trading on Monday with the rest of the finalists.
Time now for our trivia questions of the day. The video question is worth $2,000 Bonus Bucks: The board of Volkswagen is set to meet today to discuss a bid from what rival automaker? Your selection of answers is: Ford or Porsche or BMW or General Motors. The news trivia question is worth $1,000 Bonus Bucks: According to the S&P/Case-Shiller Home Price Index, home prices in Seattle are up how much from a year ago? Your selection of answers is: 19% or 23% or 10% or 12%.
If you are one of those people who likes to be the "early adaptors" and drive a new model long before your neighbors, Honda's new FCX is right up your alley. Yesterday in Washington, D.C., Honda showed off its next generation FCX to journalists and lawmakers. The hydrogen-fuel cell sedan promises greater range (270 miles) and of course virtually no emissions.
Magna International is open to DaimlerChrysler keeping a stake in struggling automaker Chrysler. Separately, Magna secured a $1.54 billion investment from Russian billionaire and automotive entrepreneur Oleg Deripaska .
Many reporters and columnists over the last couple of days have opined that baseball teams will not hesitate to do anything in their clubhouses about beer and we’ve seen that as more teams over the past couple days have decided to rid free beer from the locker rooms.Then they tell you that nothing will likely happen in the stands because beer is a huge profit maker for the teams and beer companies spend so much money on baseball that there’s a lot of politics behind doing anything more than the symbolic gesture of keeping alcohol out of the locker rooms.
I have to confess this is something new for me. In 8 years of covering the auto industry for CNBC, I'm not sure I've ever done a story about how things are looking up for Ford's beleaguered Lincoln division. Well folks, mark your calendar with a big MKX.
In his first car industry venture, Ford President and Chief Executive Alan Mulally has received solid reviews as he tries to steer his company through a massive turnaround plan in an ultra-competitive North American market. He may get an indication Thursday if some shareholders think the honeymoon is over.
Okay folks, here's the update on today's news trivia question for Bonus Bucks. Without going into details, there's a problem with the answer selection response. So here's the solution. Those of you who knew the correct answer--and there is one--but got a response of incorrect, you will receive credit for the answer. You will get your Bonus Bucks. This is for the whole day, so if you're still selecting your answers, this applies to you.
Hey folks, as a lot of you are aware, there's a potential problem with our news trivia question for today. The situation is being investigated and I will get back to you asap if there's something wrong. In the meantime, here's the video trivia question, which is not experiencing any difficulites. The video question is worth $2,000 Bonus Bucks: Toyota posted stronger than expected results this morning. By how much did quarterly net profit rise? Your selection of answers is: 8.9% or 13.1% or 2.3% or 12.3%.
Toyota posted a stronger-than-expected 8.9% rise in quarterly net profit on buoyant sales in Western markets, and forecast modest growth this year as it adds production capacity all over the world.
A Senate panel met Tuesday as lawmakers weigh whether the U.S. government should raise fuel efficiency standards. Automakers argue it would be too expensive. Sam Kazman, general counsel with the Competitive Enterprise Institute, and Philip Clapp, president of the National Environmental Trust, debated the issue on “Morning Call.”
There was a time when it took guts for a politician to go in to Detroit and tell the heart of America's shrinking auto business that it needs to change its act. Not anymore. As Barrack Obama found out Monday, when speaking at the Detroit Economic Club.
Automobiles today are a lot more efficient compared with those in the bellwether year of 1973—when the average car managed just 13.4 miles per gallon. Legislation enacted in 1975 set a standard—27.5 mpg by 1985 for new cars on a fleet average for each manufacturer.
The road is getting much clearer. On Tuesday, a legislative draft will emerge from committee, and head to the floor of the U.S. Senate. It might not get that much notice in itself, but it ought to, because it tells you how much has changed on energy issues. And, given its probable passage (or that of something along those lines), the new legislation will have a big impact on the automobile industry.
Canadian automotive parts supplier Magna International is the only remaining interested bidder for struggling U.S. carmaker Chrysler, Germany's Automobilwoche reported on Saturday.
There's plenty of talk today about the possibility of $4 gas this summer. If that happens, this could be one long hot summer for the Big Three. Thursday, when I talked with him, General Motors CEO Rick Wagoner indicated the country's largest automakers are already noticing a repeat of last year, when buyers moved from big rigs (trucks and SUVs) and more towards smaller cars.
Hey everyone. Here are today's trivia questions; The video question is worth $2,000 Bonus Bucks: Gas prices have surged over the past month. How much have gas prices increased over the past month? Your selection of answer is: $0.37 or $0.10 or $0.50 or $0.30. The news question is worth $1,000 Bonus Bucks: Eastman Kodak reported a loss of how much for the first quarter of 2007? Your selection of answers is: $151 Million or $160 Million or $138 Million or $110 Million.
Hey folks. Here's our re-cap of the day. We have the leaderboard, most active and widely held and the trivia questions. Here we go. The video is worth $2,000 Bonus Bucks: General Motor's earnings came in below analyst expectations. What were earnings per share? Your selection of answers is: $0.17 or $0.10 or $0.19 or $0.23.
If this sounds like a broken record, forgive me. But if you are looking for a reason why GM's turnaround is only a mild success, it's right here in the U.S. Just check out the company's latest earnings, which show a profitable business around the world, but one that is still in the red in the land of the red, white and blue.