Jan 30- Lear Corp, a maker of auto seats and electrical power systems, reported a better-than-expected quarterly profit due to strong demand from North America. Lear, whose customers include General Motors Co and Ford Motor Co, said sales in its seats business rose 10 percent in the fourth quarter ended Dec. 31. Lear's revenue from North America rose 13.5 percent,...» Read More
Hyundai Motor., the world's sixth-largest automaker, on Monday denied a British newspaper report that it is interested in acquiring Chrysler, the U.S. unit of German automaker DaimlerChrysler.
General Motors is talking with DaimlerChrysler about a sports utility vehicle, but it is unlikely to be interested in buying Chrysler.
The boating industry is in a deep slump and sales are particularly weak in the Midwest, where auto industry layoffs are hurting consumer confidence.
Anyone who’s ever worked in the news business -- be it radio, television, or print -- has it drilled into their heads from day one: get it on (or out) NOW! ... In television, we have many ways to deliver breaking news. On the surface, that sounds like a nice advantage, and most of the time, it is. But it also introduces variables that other media don’t need to consider.
Ford Motor expects to miss its U.S. retail sales goals for February and March because of a deepening slump in the market for pickup trucks and SUVs, a person who had seen the forecast said on Friday.
General Motors doesn't appear to be in serious negotiations to buy Chrysler Group from its German parent, DaimlerChrysler spacer. It doesn’t mean it couldn’t happen down the road, but it seems like we may be getting ahead of ourselves.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. The World Economic Forum in Davos, Switzerland will discuss sustainable energy on January 24-27 and one thing is clear: There will be no immediate miracles. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. Then there is the trillions of dollars in investment that will probably needed. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
Goodyear Tire & Rubber, the largest U.S. tire maker, reported a wider quarterlyloss Friday due to a nearly three-month strike by union workers in North America that cost the company $367 million.
The chief executive of DaimlerChrysler said he wants to use new alliances to more than double sales outside North America, the Wall Street Journal reported on Friday.
DaimlerChrysler's Chrysler Group and General Motors are in talks to jointly develop a large SUV like the Chevrolet Suburban, which Chrysler doesn't have in its current lineup, according to a report in Wall Street Journal.
French tyre maker Michelin said Thursday that net profit for 2006 fell 36% from a year earlier, squeezed by restructuring charges and high raw material costs.
Japan's Toyota Motor boosted European car sales by more than a fifth in January, overtaking DaimlerChrysler and helping the overall market edge up 1.1 percent, industry data showed on Thursday.
DaimlerChrysler will cut 13,000 jobs at its Chrysler operation in North America and indicated it could sell or spin off the money-losing unit, which would unwind a troubled 9-year-old merger between Chrysler and Mercedes.
General Motors declined comment on the report, which said the parties are working on it "at full speed."
A potential merger could see four major car rental brands, National, Alamo, Thrifty and Dollar combine in a deal worth $3 billion, the New York Times reported Wednesday.
Selling Chrysler “is not like selling a used car,” said Michael Robinet, Vice President at Global Vehicle Forecasts, to “Morning Call,” and you can see his point in more ways than one. Any automaker that can call itself no. 5 in America can hardly be ready for the scrap heap.
Like a third-grade boy forced to hand out Valentine's Day cards to the little girls in his class he would rather not acknowledge, Chrysler and Mercedes are going to see if they can finally get together. My opinion: It won't work unless both the Americans and Germans change their attitudes.
No, your eyes aren't deceiving you: General Motors is "exciting." The turnaround in the automaker's status comes courtesy of Merrill Lynch, which kicked GM's rating up two notches, from "sell" to "buy." Two industry-watchers joined "Closing Bell" to explain why.
As I woke in Detroit after flying in from New York this morning, I saw the story on "Squawk Box," - another Wall St. firm had raised GM to a buy rating. Why? Primarily on the idea that GM's 17 billion surplus on It's pension wil give it the leverage needed to strike a better deal with the uaw regarding retiree healthcare costs.