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Automakers were set to release their March U.S. vehicles sales on Tuesday amid continued uncertainty about the future of U.S.-based car makers.
More companies like Ford, GM and JetBlue are throwing a lifeline to laid off customers with refunds or payment protection.
Housing and autos are in the news, but how's business? Answer: the bottom is still murky.
Tuesday: Consumer confidence squeaked above its record low. Ford announced an incentive program -- covering payments if a buyer is laid off -- similar to Hyundai's. GM's new CEO Fritz henderson said bankruptcy is possible within 60 days. J.P. Morgan said global banks will write down $17 billion more. CNBC heard from experts who said retail looks less scary, housing is finally coming back — but warned that inflation could be "kryptonite" for bonds.
It seems the tough talk from President Obama's has sparked the car makers into action.
With members of President Obama's Auto Task Force hitting the ground in Detroit, the re-structuring of General Motors kicks into gear. Monday in Washington may have been all about justifying and selling the government calling the shots at GM, but Tuesday in Detroit is when the president's people get to work. No wonder critics are now saying GM now stands for Government Motors, not General Motors. So what happens next?
Japan announced that they will unveil another stimulus plan. Isn't this the third one for this downturn? I've lost track. ... Ford announces incentive program; Street believes GM is next. This is similar to the successful Hyundai Assurance Program. Lennar reported a loss. HSBC up 5% in pre-market trading as CEO Michael Geoghegan reiterated that the London-based bank will not need any government money.
Ford Motor says it is offering a payment protection plan to help reassure consumers who may be putting off a car purchase because of worries about losing their job.
President Obama asserted unprecedented government control over the auto industry, rejecting turnaround plans from GM and Chrysler and raising the prospect of controlled bankruptcy.
Wagoner's resignation comes as the company awaits president Barack Obama's reports on efforts to save GM and Chrysler.
As word spreads about Rick Wagoner's resignation from GM, and Obama's autos task force rejecting the turnaround plans of both GM and Chrysler and warning bankruptcy, the auto industry enters its next phase of retooling.
If you thought March 31 would be the day the government would make a final pronouncement on GM and Chrysler, it's time to think again.
Realtor and mortgage broker Jullisa Kalish thrived in the property boom. Now that it has turned to bust, she is back in college working toward what she hopes will be a more robust career—as a bookkeeper.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
Today, Toyota takes the wraps off the new Prius and many in the auto industry will be watching to see if it can remain king of the hybrid hill.
Over the past couple weeks, it has become very clear that not only will luxury boxes be sold on a fractional basis for season tickets, but also on an event basis. That's what is happening with the Final Four in Detroit, as corporations have decided to stay away from the clear suites in the sky this April at Ford Field.
Stocks ended a choppy session sharply lower Tuesday as investors regrouped after the prior session's blockbuster rally.
Stocks retreated Tuesday, despite good news continuing from the banking sector, as investors took a breather after Monday's surge.
This morning the Insurance Institute for Highway Safety released a new rating system for the strength of roofs for SUV's. These ratings highlight an area that is critical to whether passengers in an SUV will survive a rollover crash accident.