DETROIT, Aug 20- Ford Motor Co plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, two sources with knowledge of the company's plans told Reuters on Wednesday. The sources said Ford eventually could offer several different body styles of the new hybrid, as Toyota does with the Prius.» Read More
Chrysler Group and the United Auto Workers union on Friday mark the formal start of a summer of crucial contract negotiations under intense pressure to break the model of business as usual for Detroit.
Continental Chief Executive Manfred Wennemer will have to play the German card to get key support from German unions to buy conglomerate Siemens' automotive electronics unit VDO.
General Motors narrowed the gap with top seller Toyota Motor in the first half of 2007 thanks to a solid second quarter, although demand continued to fall in its home North American market.
This week’s installment was more about principles than stock picks.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.
General Motors said strong growth in Latin America, Asia and other emerging markets lifted global sales by 0.4 percent in the second quarter, according to preliminary sales figures released Thursday.
This company might be huge, but that hasn't kept it from growing at a healthy clip. Even if you can only afford one share, Cramer recommends you buy 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.
As a man who spent his teenage years tooling around in my parent's big Buick, I have to admit I have a soft spot in my heart for big sedans. Doesn't mean I want one now, but I do like the romantic appeal of a big ol' car. So when I heard Chrysler is scrapping plans to further develop its Imperial large sedan, it made me wonder: is the big car dead?
The Ford Motor Company is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.
At least four Japanese automakers including Toyota Motor said on Wednesday they would suspend production after an earthquake hit the factories of a major parts supplier.
German car parts maker Continental and Blackstone Group with its TRW Automotive Holdings are set to submit bids for VDO, the automotive unit of Siemens, people familiar with the situation said on Wednesday.
Need proof the world of wheels is increasingly being spun by automakers in developing countries? Look no further than Tata Motors out of India. It is reportedly close to buying Jaguar and Land Rover from Ford. If this goes through, it would be a win/win for the companies involved.
Cerberus Capital Management has received a lukewarm reception from investors as the private-equity firm raises cash to finance its acquisition of Chrysler Group, people familiar with the deal said Tuesday.
Shareholders of auto supplier Lear rejected a $2.9 billion buyout offer Monday from a firm led by billionaire investor Carl Icahn. Icahn's American Real Estate Partners had sweetened its offer to $37.25 per share for the auto parts supplier, but at Monday's meeting in Wilmington, Del., some shareholders said Lear was worth far more.
The latest reports out of Europe have Ford once again moving closer to selling its Volvo subsidiary. Officially, Ford won't comment on a possible sales. With that in mind, here's a rundown of what those in Detroit, on Wall Street, and in the auto industry expect to happen.
Ford Motor, responding to reports that it's putting its Volvo unit up for sale, said it is not negotiating with anyone to sell the Swedish automaker.
The Sunday Times, citing unnamed sources in London, said the decision to sell Volvo, which is part of Ford's Premier Automotive Group, was made in the past two weeks, but that the timing of the sale had yet to be decided.
Delphi said in a regulatory filing Friday that it contributed about $48 million to its U.S. pension plans. The amount represents the part of the pension contribution related to services rendered by Delphi employees in the second quarter of 2007, the auto supplier said in a filing with the U.S. Securities and Exchange Commission.
What happens when you take a best selling model, add more bells and whistles, and cut the sticker price? Chrysler hopes it leads to a resurgence of the Dodge Caravan and Chrysler Town & Country minivans. This is another sign, Chrysler is serious about defending its dominance in vans. It sells roughly 42 % of all the new models in that segment. But in the last year, that lead has eroded while Toyota, Honda and Hyundai continue to pick-up business.
European new car registrations rose 0.7% in June as demand in the countries that recently joined the European Union offset a decline in western Europe.
General Motors plans to offer diesel-engine cars under the Cadillac and Saturn brands in the United States by 2010, industry journal Automotive News reported, citing a source familiar with the plan.