U.S. stocks rallied Thursday after the ECB unveiled its bond-buying program. Here's where the pros are hunting for value.» Read More
When I walked in with other reporters here at the Geneva Auto Show to talk on the record with Dieter Zetsche, I expected few details on the potential sale of Chrysler. Dr. Z. Did not disappoint. He won't say if there is a timeline for wrapping up the auction process or reveal any of the parties doing serious work studying Chrysler.
DaimlerChrysler said on Tuesday its Mercedes Car Group premium division sold 2.1% fewer vehicles worldwide in February than in the same month a year earlier.
The talk today is about Blackstone, Palm, Honeywell making flat panel TV's and more. Find out what top traders say is the "real" word here.
Private equity firm Blackstone Group has emerged as a leading contender to buy the troubled U.S. division of German automaker DaimlerChrysler, The Detroit News reported on its Web site on Saturday, citing people familiar with the situation.
General Motors said on Thursday that its U.S. sales rose 3.4% in February, with an 11% increase in retail sales offsetting a reduction in fleet sales to daily rental companies. GM's Japanese rival Toyota Motor, meanwhile, reported a 12.2% sales spike for the month.
The latest consumer reports auto reliability survey is out, and the news is not good for Mercedes. The German made premium brand ranked dead last among 36 automakers. That was not a typo. Mercedes finished at the bottom of the latest survey on reliability. Consumer Reports compiled the results after surveying more than a million car owners and asking them to rate their cars/trucks and suv's.
German carmakers BMW and DaimlerChrysler have agreed to co-develop hybrid transmission systems for rear-wheel-drive premium cars, they said on Thursday.
Two weeks after DaimlerChrysler CEO Dieter Zetsche said all options are on the table for a possible sale of the Chrysler Group, speculation about potential buyers is increasingly focused on private equity investors. Sources tell CNBC the two private equity firms showing the most interest so far are Blackstone and Cerberus Capital.
Wall Street took its worst beating in four years, as a sell off in the Chinese stock market triggered a global stock selling spree and raised fears of a slowdown in the world economy. "Asia sneezed and we all picked up a global chill," Frederic Dickson, Chief Market Strategist at D.A. Davidson, told CNBC.com.
Chinese automaker FAW Group refused comment Tuesday on a report it is considering bidding for a stake in DaimlerChrysler AG's ailing Chrysler Group.
As DaimlerChrysler begins to move forward with the possible sale of it's Chrysler division , two things are clear. First, there are a number of options for selling off the American automaker. Second, the leaks out of Europe continue to push GM as the most likely buyer.
If you are in the market for a new car or truck, your may have been wondering why the sticker's on the windows show MPG estimates that are not overwhelming. In fact, they are lower than the previous estimates. It's the change brought on by the EPA's new system for estimating mileage...
DaimlerChrysler plans to offer detailed financial information about its Chrysler Group selectively, the Wall Street Journal reports. Separately, the Financial Times says the German automaker has approached four private equity firms about buying Chrysler.
Chrysler CEO Tom LaSorda sent an e-mail to Chrysler employees attempting to counteract speculation on a possible sale of the auto maker and ease fears about the automaker's future, according to CNBC's Phil LeBeau.
One week of rumors, speculation, and angst was long enough for Chrysler CEO Tom LaSorda. He finally said something to his workers Wednesday night. In an e-mail obtained by CNBC, LaSorda essentially told Chrysler 82,000 employees to don't let the sale talk distract them from turning around Chrysler.
Stocks closed mixed after the January consumer inflation report and higher commodity prices weighed on the broader market. "I think the stock market was more adversely affected than the long end of the interest rate market, but stocks have had such a nice run, I think people just used the Consumer Price Index as an excuse to take some money off of the table," Lou Brien, strategist at DRW Trading Group, told CNBC.com.
Nissan, 44% owned by Renault of France, is always open to new partnerships, but right now its own financial woes are keeping it occupied, the company said. Meanwhile, the UAW has "no opinion" on a possible GM-led takeover.
This morning Renault/Nissan said it is not interested in buying Chrysler. While the French/Japanese automaker alliance has been looking for a third partner in North America, and was trying to work out a deal with General Motors, the company says now is not the time for a deal. Not surprising given the financial problems that have hit Carlos Ghosn's company.
Inflation data and the Fed's meeting minutes could be two big drivers for the markets today. So far, stocks look weak-to-flat ahead of the opening after yesterday's late-day rise to yet another record level. Hewlett-Packard is trading lower in Europe after reporting earnings after the bell yesterday. Wall Street is apparently unhappy with its outlook, after its report of a 26% rise in profits on strong printer and PC sales.
If General Motors ends up buying Chrysler from German parent DaimlerChrysler, would that spark further consolidation among automakers? CNBC's Sue Herera posed the question on "Power Lunch" on Tuesday.