SAO PAULO, Feb 27- The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state...» Read More
Shares of General Motors, which surged last year on early turnaround indications, could stall now as the automaker comes to terms with sliding market share and continued cash burn, according to analysts.
Chief Execs of the Big Three automakers headed to the White House today to discuss the latest advances in alternative fuel technology with President Bush. Their focus: Bush’s support for alternative fuel vehicles and his plan to cut gas consumption by 20% in ten years.
Here are some of Monday's big movers on European stock markets
German sports car maker Porsche has exercised an option to take an extra 3.6% voting stake in Volkswagen, Porsche said on Monday, taking its holding to 30.9% as of Wednesday.
Arcelor Mittal and Nippon Steel have agreed to boost automotive sheet capacity at theirequally-owned joint venture in the U.S., the Nikkei business daily reported on Monday.
Affiliates of South Korea's biggest automaker Hyundai Motor fell on Monday after local authorities launched an investigation into suspected tax evasion.
DaimlerChrysler shares gained sharply on Friday on speculation that the German automaker could be nearing a deal to sell struggling U.S. unit Chrysler.
Toyota Motor is creating U.S. jobs, making friends in Washington and leading in fuel-saving technology, yet will not be at the table when President George W. Bush meets major automakers to talk energy policy on Monday
There’s so much going on next week that Cramer decided next week’s strategy needed to be broken into two installments. First up, playing Brocade and Movado, and a few expensive stocks that might still be worth the purchase price.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.
One of my favorite aspects of doing the Behind the Wheel blog is reading the comments of readers. Admit it, as you are reading some of my blogs you are thinking to yourself, " LeBeau is whacked! He doesn't know what he's talking about." So when you send me your thoughts, I read them, and think, "well, why not let others know what YOU are thinking. With that in mind, here are some of your comments from recent blogs.
Here some of Friday's big movers on European stock markets
For the first time since 2003, General Motors is giving bonuses in the form of stock to Chairman and Chief Executive Rick Wagoner and other top executives.
Mazda Motor gained on Friday after the Japanese automaker unveiled a new business plan aimed at boosting its operating profit by more than 27% in four years through further product-led growth and accelerated cost cuts.
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.