U.S. stocks fell on Thursday after data had the economy growing more rapidly than expected.» Read More
SAO PAULO, Dec 5- Production and sales of motor vehicles in Brazil fell in November as weaker demand and high inventories kept pressure on the local auto industry. Stagnant demand for cars despite heavy tax incentives from President Dilma Rousseff underscored expectations that sales in Brazil will contract this year for the first time in a decade.
Alan Mulally, Ford Motor Company president & CEO, showcases Fords new iconic Mustang and responds to the speculation he will become Microsoft's next CEO. Mulally also comments on minimum wage and how it impacts auto sales.
CNBC's Jim Cramer discusses Ford Motor's makeover, and the influence Alan Mulally has had on the automaker's stock.
And Ford is targeting the global market: The newest Mustang was unveiled in six cities around the world on Thursday.
Some of the names on the move ahead of the open.
SAO PAULO, Dec 5- Automobile production in Brazil fell 10.7 percent and sales fell 8.3 percent in November from October, the national automakers' association said on Thursday. Automakers in Brazil produced some 289,600 new cars and trucks last month, while sales totaled about 302,900 vehicles, according to data released by industry group Anfavea.
Ford Motor Company will debut the sixth generation of its Mustang later today, reports CNBC's Phil LeBeau.
DETROIT, Dec 5- Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models. The car will be shown in Dearborn, Michigan, Shanghai, Sydney, Barcelona, New York and Los Angeles.
A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline.
Stephen Odell, Europe, Middle East and Africa president of Ford, discusses the launch of the new Mustang on the car's fiftieth anniversary.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.
NEW YORK, Dec 4- A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline, a change that some experts say could continue into 2014.. Pump prices on Thursday's Thanksgiving holiday were the lowest in three years, the Energy Information Administration said last week.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
DETROIT, Dec 4- Mitsubishi Motors Corp has cut the price of its i-MiEV subcompact electric car in the United States by 20 percent for the 2014 model year, joining the parade of automakers who have lowered EV prices to boost demand.
SHANGHAI/ HONG KONG, Dec 4- China plans to roll out financial sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting authorities are accelerating the pace of dismantling capital account controls.
TORONTO, Dec 3- Ford Motor Co's Canadian arm maintained its spot as the country's best selling brand, data released on Tuesday showed, as growing demand for trucks helped power a sixth consecutive monthly record for Canadian vehicle sales in November.
Because of a surge in business from Black Friday, the auto industry posted its best monthly sales since February 2007.
*Amazon shares drop, with holiday shopping in focus. *Yum Brands stock falls after company says Nov China sales flat. Amazon.com Inc slipped 2 percent to $384.66 and was one of the biggest drags on the S&P 500. The S&P retail index shed 0.8 percent after the holiday shopping season got off to a tepid start.
TORONTO, Dec 3- Ford Motor Co's Canadian arm sold more than all other carmakers in Canada in November helped in part by strong sales in the Fusion, according to auto sales data released on Tuesday. However, in terms of sales growth, Chrysler Canada sales rose almost 13 percent year-over-year in November outpacing all of its Detroit competitors.