Backed by cheap funding and a huge home market, mostly state-owned Chinese firms are snapping up overseas assets in a $391 billion shopping spree.» Read More
Until these great voids are filled, there will be no relief for investors.
Almost every day I get an e-mail from someone that says something along these lines: Why doesn't GM build better quality cars?
Stocks skidded Tuesday as worries about the housing and financial sectors came back with a vengeance. Lehman plunged 45 percent, dragging the S&P to its worst percentage decline since early 2007.
The Dow got a little bump at the opening bell but fell off the cliff into a triple-digit decline after pending-home sales dropped more than expected. Adding to the uncertainty in the market, Lehman Brothers fell to its lowest level in a decade amid market buzz that the brokerage is going to be unable to raise the capital it needs.
Is the definition of companies that are “too big to fail” getting broader? Or are some industries simply more important than others?
Already I've read some blog comments saying the Volt looks "boring" and "too much like a Toyota Prius." While the Volt's design is more conventional, the public forgets that there is a reason for that "softer", "less edgy" design.
With the Treasury ready to pump $100 billion into Fannie & Freddie, how can you capitalize on the government’s next big move?
Talk about a tough time to come out with a new truck. The economy is struggling, the housing market is in the tank, high gas prices have spooked buyers out buying big rigs, and there's little enthusiasm for new models (unless they're hybrids).
For the week ending Friday, September 5, 2008, the U.S. markets ended in negative territory for the week after weak employment data and declines in auto and retail sales pointed to weaker consumer spending and a greater economic slowdown. The unemployment rate jumped to a 5-year high, soaring to 6.1%. On Thursday, the three major Indices fell back into bear market territory by dropping 20% from their market peaks set last fall. Both the Dow & Nasdaq Composite had their worst daily closes since July 26, with drops of more than 340 points for the Dow and 75 points for the Nasdaq.
A friend of mine said something the other day that surprised me. He said nothing, and I mean nothing, gets him stoked about the latest models out on the road right now. I suspect it's because he is like many other people and is tired of seeing cars touted for their fuel efficiency more than anything else.
The unemployment rate zoomed to a five-year high of 6.1 percent in August, proof of the mounting damage the economy is inflicting on workers and businesses alike.
Stephen A. Feinberg, one of the country’s most powerful — and secretive — financiers, hoped to make a fortune out of the detritus of the American auto industry. Instead, he seems to be losing one, reports the New York Times.
Much of Chryslers slump can be blamed on the fact trucks and SUVs have fallen out of favor because of high gas prices. And since Chrysler has the greatest exposure (percentage wise) to the so-called "gas-guzzlers" among the Big 3, it's suffering big time.
Rapid changes in the commodities market have left some investors badly bruised to say the least. However lower gas prices are good, right? Should you cheer or fear the drop in oil?
Stocks ended mixed Wednesday as economic worries continued to rain down on the market and dampen the post-Gustav rally. All three major indexes had been negative for most of the day, but the Dow tip-toed over the line at the last minute, helped by a 5% gain in GM.
Stocks wobbled Wednesday as economic worries continued to rain down on the market and dampen the post-Gustav rally.
Stocks wobbled Wednesday as economic worries continued to nag the market and rain on the post-Gustav rally.
It's getting harder to find a car to lease these days. Chrysler's financial arm recently pulled out of the car leasing business, and Ford Motor Credit, GMAC and many large banks also have announced pullbacks.
This morning BMW's president for North America told me something that might surprise more than a few people in the auto industry.
The Clean Energy Fuels CEO explains why a ballot initiative state will be a big boon to his company.