The sixth annual Ad Week kicks off today at the New York Times building in midtown Manhattan. Everyone who was here last year can't help but reminisce about the financial meltdown that unfolded during September 2008's event. Last year ad spending was already starting to decline, so this year the big question is whether the ad dollars are coming back and, if so, where will they go?
In the world of advancing the auto business, this doesn't rank up there with side curtain airbags in terms of importance. Heck, it's a change most people won't even notice. Still, Chrysler's decision to replace the bulky owner's manual with a DVD and small user's guide is one that a few folks out there will see as a no-brainer that is long overdue.
It's gotten so bad in real estate that condo developers can't even give away a FREE CAR to lure buyers.
Every once in a while, you go to an auto show, and the future of the industry crystallizes before your eyes... ow there is another wave of vehicles that will drive the auto industry over the next 10-15 years. They are the electric, plug-in hybrids, and extended range electric cars.
Stocks rallied for a third day Wednesday, jumping more than 1 percent, as industrial production rose for a second straight month and weakness in the dollar boosted commodity and industrial stocks.
Cramer makes the call on viewers' favorite stocks.
Chrysler CEO Sergio Marchionne candidly admits the troubled American auto maker was far weaker than expected when he finally took over as CEO. I caught up with him at the Frankfurt Auto Show, and he pulled no punches in assessing what he found at Chrysler when he became CEO.
Automotive steel has changed quite a bit since the first Model T rolled off the assembly line. Prompted by crash-worthiness requirements and the need to make cars lighter to improve gas mileage, automakers are replacing conventional steels with advanced high-strength ones.
Renault/Nissan CEO Carlos Ghosn is not a man to tiptoe into anything. When he leads his company into a new arena, he likes to go in charging. When Nissan stepped up to the U.S. full size pick-up truck market a few years back, he made a big splash in Detroit. Now, in Frankfurt, he's doing it again.
After a year of going to auto shows that felt more like wakes, there's a sense the Frankfurt Auto Show starting Tuesday will bring optimism back to the industry. Call it premature. Call it wishful thinking. Call it whatever you like. But for those who relish auto shows because of the new models, styles, and trends they unveil, this could be the start of seeing the car business focus on cars.
An acrimonious trade dispute between China and the US is officially about tires, chickens and cars but is really much broader, the New York Times reports.
There's no better illustration of the degree of Disney fan obsession, than an arena filled with thousands of them, screaming like the Beatles had reunited when CEO Bob Iger takes the stage.
Bob Lutz is swinging for the fences. Knowing he has to move quickly to change the perception of GM cars and trucks, the head marketing man is putting his money where his mouth is. General Motors is offering a 60 day money back guarantee on the company line-up of '09 and '10 models.
Conventional wisdom says the very well off go through recessions with little or no impact...This fall, conventional wisdom will be tested. There are a slew of new models either hitting showrooms or being introduced for hitting the street next year
Cramer is back and he hit on several key topics on Tuesday's Stop Trading! segment.
For those of you who received my Investor Brief e-letter on Monday, I wanted to follow up on the key items we were keeping an eye on this week and also mention a couple of other important developments.
For as long as I've been covering the auto industry, I've seen some variation of this story on a regular basis. Every so often, there is a survey that shows a growing percentage of car buyers would be willing to consider sliding behind the wheel of a Big 3 car. Despite these encouraging reports, the Big 3 market share continues to slide.
While most of us fixate upon GM gaining or losing market share here in the U.S., the company's success in China is a huge story that deserves more attention. Especially when you look at the latest report. In August, GM doubled sales in the country, selling more than 152,000. And this year GM's China sales are up 49% with 1.11 million vehicles sold.
Stocks started September, a typically bad month for the market, with a sharp selloff amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery.
As expected, several auto makers posted their best monthly sales of the year as the industry report August results. The sales pace is expected to be close to 15 million thanks to Cash for Clunkers bringing in throngs of buyers. But for individual auto makers the results were wildly different.