RIO DE JANEIRO, Jan 29- Brazilian miner Vale's mega-ships have been able to dock at five ports in China, the firm's head of investor relations said on Thursday, as a ban that had been in place since 2012 is relaxed. In 2012, China's Ministry of Transport banned the ships from the country's ports, citing safety concerns. A month later, one of the ships docked at a port in...» Read More
The Cash for Clunkers program has been vital towards resuscitating the US auto industry and should continue, AutoNation CEO Mike Jackson told CNBC.
General Motors will end its half-century run as sponsor of the Buick Open golf tournament as it tries to focus scarce marketing dollars on its cars and trucks, a person briefed on the decision said Tuesday.
The first study of drivers texting inside their vehicles shows that the risk sharply exceeds previous estimates based on laboratory research - and far surpasses the dangers of other driving distractions.
Lydia Alcock doesn’t seem like the kind of kid who would run up a $23 quadrillion bill on her Visa Buxx card.
General Motors says its second-quarter worldwide sales fell 15 percent compared with the same period last year due to economic troubles and North American production cuts.
Chrysler says it will double the $4,500 government incentive for people to trade in their old gas guzzlers for new vehicles under the "cash for clunkers" program.
The Obama administration warned Congress on Tuesday that a House-approved plan to restore shuttered General Motors and Chrysler dealerships would threaten the auto companies' bankruptcies and recovery.
Auto sales could bounce back to the $12- to 13-million annual sales rate within a year, Toyota Motor's North American President Yoshi Inaba said Monday.
Cramer gives two big calls in the credit card industry, now that he's seen big signs of credit stabilization.
General Motors says it is investing $1 billion to develop two new car models in Brazil. The president of GM's operations in Brazil and the Mercosur countries says it is GM's biggest investment since the onset of the global financial crisis.
GM CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.
On the day GM emerged from bankruptcy, company CFO Ray Young told CNBC Friday that the new GM won't be seeing real cash flow until sometime in 2010.
Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt but faces a daunting task as car sales are in the worst slump in 25 years.
The path is now clear for General Motors to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.
As Hyundai looks to gain share in the auto market, it will need to offer a full range of vehicles, said John Krafcik, acting president and CEO of Hyundai Motors America.
The sale of most of General Motors' assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the sale and appeal directly to the 2nd Circuit Court of Appeals.
A bankruptcy judge has ruled that General Motors can sell the bulk of its assets to a new company, but it appears the ruling will be appealed by a Chicago law firm.
General Motors and Chrysler are closing 3,200 dealerships nationwide, and aren't doing any favors for recent automotive tech graduates looking for mechanic jobs. But fewer people buying new cars and trucks also means people are counting on their older vehicles to run reliably.
A former Chrysler dealership owner is determined to challenge the automaker's decision to terminate his franchise.
An attorney for General Motors urged a bankruptcy judge Thursday to approve the automaker's sale plan, saying that the only other alternative would be a liquidation of the company's assets.