*Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car brand rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they have...» Read More
If you're among those who think the Detroit "Big Three" are a lost cause that, despite improving quality and efficiency, are simply in a long, slow slide that shows no sign of ending, listen up. The latest study on the efficiency from Harbour Consulting shows the Big Three are closing the gap with Asian competitors. Want more?
World number two truck maker Volvo is selling its 28.7% stake in U.S. truck stop chain Petro Stopping Centers, yielding a capital gain of $46.3 million.
A Ford Motor official predicts that his company's overall U.S. sales will drop in May, but its retail sales to individual buyers will show a year-over-year monthly increase for the first time since October of 2006.
Ford Motor said it has not entered talks with anyone to sell Volvo, despite reports that BMW was interested in a possible purchase of the Swedish automaker.
U.S. crude oil prices slid as much as 4% Tuesday; and gasoline followed suit. Is the bull market winding down? Stephen Schork, editor of The Schork Report, and Eric Bolling, independent oil trader and CNBC contributor, told "Street Signs" viewers that it "could be the beginning of the end" -- but they don't recommend getting out of the market just yet.
Shares in BMW rose 1.7% on speculation it could buy Swedish automaker Volvo from Ford Motor, according to reports on Swedish magazine Gotenborgs Posten’s Web site citing undisclosed sources.
Here's one to get the auto world buzzing. There are reports out of Europe that Ford is considering selling its Volvo brand to BMW. This could be an intriguing deal for both companies. But would it make sense? I'm not so sure.From Ford's perspective, Volvo is the best selling and most valuable brand in Ford's Premier Auto Group (Jaguar and Land Rover are the other brands) and has long been considered the asset "most likely to be sold." In fact, the Ford board has reportedly kicked around the idea of selling Volvo for some time.
Loss-making Ford is planning to sell Swedish car maker Volvo and German carmaker BMW could be a possible buyer, a Swedish newspaper said on Monday.
Wow! Who says people don't get fired up over their cars?Friday morning, my blog was about a Detroit News report that GM is pulling back the Pontiac brand and assessing whether to eliminate some its models in hopes of better defining the brand. Since then, the Pontiac fans have made their presence known and are blasting me as being, among other names, "a moron."
Here's one of our last looks at the contest stocks. The most active and widely held remained pretty much the same throughout the contest and the finals--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Most best and worst performers were affected by earnings and M&A's over the weeks as well. Here you go:
Shares of the German engineering group Siemens fell as a corruption probe from the U.S. Securities and Exchange Commission is expected to result in a substantial fine, Chairman Gerhard Cromme told German newspaper Sueddeutsche Zeitung.
General Motors said that U.S. government officials have requested documents relating to its accounting of derivatives and said its exposure to bankrupt auto parts maker Delphi was probably $7 billion.
It's the way NASCAR began: dirt roads, fast cars and illegal booze.Running moonshine, 'corn liquor,' to outrun the law was the training ground for most of the early NASCAR drivers: the Richard Petty's, the Junior Johnson's.Now it's all come full circle. Junior Johnson is helping sell legal moonshine.
Sugar and sweetener producer Tate & Lyle was the biggest loser on the FTSE-100, falling 6.2%, despite posting a 14% rise in full-year profit.
Here's our latest contest "stock report." Mortgage finance company FMT is back in the news--as a best performer, thought it's been gone for a while as one of the most widely held, it's in the most active list. And GIGM turned into a negative play with news the company sees slower growth ahead. Here you go..
As I filled up this morning outside Chicago, the price for a gallon of gas was $3.65 -- among the highest prices in the country. You'd think that would send people running to auto dealers to trade in their 8-cylinder car for a fuel-efficient four-banger. Well, that hasn't exactly happened.
AutoZone, the largest U.S. auto parts retail chain, posted a 5% rise in quarterly earnings Tuesday as sales at existing U.S. stores edged higher.
Hey folks, we have guest blogger Jeff Mishlove with some thoughts for the final week of the contest. Here's his post: One week ago, I recommended a momentum strategy based upon selecting stocks that had been surging in price during the past three months. At that time, I recommended five stocks: SCHN, NTRI, FCX, LRCX and VCLM. I see that four out of these five stocks are now up for the week.
DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.
The stock of DaimlerChrysler may continue the rise that began last year, freed from the burden of Chrysler, Barron's reported in its May 21 edition.