Nikkei Widens Losses to 6% in Volatile Trade
Ford Motor Co
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Ford said on Thursday it is closing its two Australian auto plants and will cease production in the country in 2016.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, May 23- The delay or cancellation of A $150 billion of resource projects in Australia in the past year is being viewed as proof that the commodities boom is well and truly over.
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*Ford to end Australia production in Oct 2016. Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford Australia Chief Executive Bob Graziano said on Thursday, the latest election-year blow to the struggling Labor government.
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SYDNEY, May 23- Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief Executive Bob Graziano said the company will close its engine plant in Geelong and its assembly plant in Broadmeadows, both in the state of Victoria.
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Ford said on Thursday it is closing its two Australian auto plants and will cease production in the country in 2016.
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*Ford to end Australia production by 2016- reports. CANBERRA, May 23- Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday.
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Ford Motor Co. rose$. 02 or. 1 percent, to $14.97. General Motors Co. fell$. 17 or. 5 percent, to $33.23. Honda Motor Co. fell$. 61 or 1.5 percent, to $41.27.
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The company became the first automaker to repay money borrowed under the Advanced Technology Vehicle Manufacturing program.
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The Fed sends the markets a mixed message about the end of quantitative easing; US millionaires aren't investing; immigration reform inches ahead.
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The executives, now in their 80s, have been charged with crimes against humanity for targeting Argentine union workers for kidnapping and torture after the 1976 military coup.
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The man who once called global warming a "crock of you know what" now wants to buy an electric car company, reports CNBC's Phil LeBeau.
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The "Fast Money" traders share their final trades of the day.
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DETROIT, May 22- Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market share. Ford's U.S. rivals, General Motors Co and Chrysler Group LLC, are also limiting downtime this year.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. rose 1.4 percent to $13.63 with 88,111,200 shares traded. Barrick Gold Corp. rose 1.8 percent to $19.71 with 16,112,200 shares traded.
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Ford Motor Co. rose$. 34 or 2.2 percent, to $15.29. General Motors Co. rose$. 32 or 1.0 percent, to $33.72. Honda Motor Co. rose$. 07 or. 2 percent, to $41.95.
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CNBC's Phil LeBeau reports that former GM chair Bob Lutz is teaming up with a Chinese firm to bid for Fisker Automotive, among other auto news.
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Ford Motor Co. rose$. 25 or 1.7 percent, to $15.20. General Motors Co. rose$. 31 or. 9 percent, to $33.71. Honda Motor Co. rose$. 04 or. 1 percent, to $41.92.
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Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?
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The Detroit automakers are largely forgoing the traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
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Ford Motor Co. fell$. 10 or. 7 percent, to $14.95. General Motors Co. fell$. 30 or. 9 percent, to $33.40. Honda Motor Co. rose$. 12 or. 3 percent, to $41.88.
