WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. The committee has not requested any documents on Takata at this...» Read More
Chrysler CEO Tom LaSorda told a small group of auto dealers that the sale of the money-losing automaker could be resolved soon, The Wall Street Journal reported Thursday.
President George W. Bush will meet next week with the chief executives from Detroit's largest automakers, the White House said on Wednesday.
Former Reagan White House budget director David Stockman is expected to be indicted within days on charges of improper accounting and incomplete disclosures from when he was chairman and chief executive of auto parts maker Collins & Aikman, the Wall Street Journal reported.
For years, Hyundai's followed the Toyota and Honda blueprints as it grew its business in North America. Now, it's copying the Lexus and Acura blueprints by launching it's own luxury model.
Honda Motor said on Tuesday it would recall about 166,000 vehicles in the U.S. of the Accord, Odyssey and five other models to fix a faulty component in the fuel pump.
The report over the weekend that former Chrysler COO Wolfgang Bernhard has joined Cerberus Capital as an advisor as that firm pursues buying Chrysler shows the value of the beleaguered American automaker. For all it's problems- and there are numerous ones including a reported $18 Billion in legacy costs- Chrysler is still an attractive asset. It's the 4th largest automaker in the world's largest market.
Employee members of DaimlerChrysler's supervisory board plan to oppose a sale of Chrysler Group to a private equity firm that would lead to a breakup of the automaker, according to published reports.
Hey folks--here's a look at the top percentage gainers and losers from Thursday of this week.Webex is up 22.03% if you bought it on 3/14 at $46.20 and held/sold on 3/15 at $56.38. Webex agreed to be acquired by Cisco for $3.2 billion.
Nissan Motor said on Friday that Chief Executive Carlos Ghosn would give up the duty of overseeing the Americas as the automaker heads for its first annual profit decline in seven years.
Good morning all. Here's how the contest shapes up. Chad Mazeika maintained the top spot in the leaderboard for the 2nd day in a row with a value of $1,912,396.75. Chad's gain from Thursday was based on his Zumiez trade and Bonus Bucks.
Volkswagen's joint venture in China, Shanghai Volkswagen Automotive, has cut its car prices by up to 11,000 yuan ($1,420; 1,000 euros) to improve competitiveness, the company said Friday.
Stephen Collins continues to dig himself out of sub-million territory gaining $9,284 from Wednesday to end the day at $992,336.24. Here's how the news was handled on "Morning Call." Stephen is the celebrity stock picker for the show's second hour.
Give General Motors credit. It's trying, it really is. But with mediocre auto sales, the company is bringing back zero percent financing in order to goose springtime sales.
The world's largest automaker said its obligation for post-retirement health care and other benefits was $68 billion at the end of last year and could grow on a global basis.
General Motors' internal controls on financial reporting are "currently ineffective," the automaker said in a regulatory filing on Thursday.
It's been a long time coming, but it looks like General Motors is finally on the verge of turning the corner with it's North American auto business. But before you get excited, keep in mind some of the speed bumps that could slow down GM's recovery.
With General Motors posting its first quarterly profit in more than two years, Chief Executive Rick Wagoner said things could improve further later this year. "I think this is another quarter where we see the momentum moving in the right direction," Wagoner said, in an interview on CNBC.
Confronted with congressional concerns about global warming, the leaders of the U.S. auto industry are highlighting their work to develop alternative vehicles and asserting that the burdens of climate change cannot fall to one industry alone.
Automaker BMW AG said Wednesday that its pretax profit this year was set to rise above the 4.12 billion euros it posted in 2006 on the sentiment that its car sales would also rise.
These are interesting times for those who have toyed with the idea of buying a gas-electric hybrid. According to some analysis by Edmunds.com, hybrids have become much more attractive in terms of pricing, incentives and as a hedge against prices rising at the pump.