The redesigned Ford Mustang will be just one of the models the automaker plans to add next year.» Read More
Workers at struggling auto parts giant Delphi's largest union have approved a historic contract agreement that cuts wages for many longtime workers but secures thousands of jobs at plants that once were in jeopardy.
GM, Ford and DaimlerChrysler said Tuesday their U.S. sales fell in June, while Toyota sold more cars during the month. The news came as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.
Stocks ended a holiday-shortened session with modest gains following mixed economic data and crude oil prices that stretched above $71. "The two days before the July 4 holiday are usually good for the market," said Michael Sheldon, chief market strategist at Spencer Clarke. "There are some headwinds, but overall the atmosphere is generally positive for the second half."
DaimlerChrysler said Tuesday its U.S. sales fell 2 percent in June. The news came even as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.
Middle Eastern investment funds are targeting Jaguar and Land Rover, the British luxury car brands that U.S. owner Ford Motor is considering selling, the Observer newspaper said on Sunday.
Options volume in Ford Motor swelled today as bulls moved in with force to snap up call options, or bets that Ford's stock will rise further above the 52 week high level that shares reached today.
Ford will offer zero-percent financing for three years on all 2007 Ford, Lincoln and Mercury models and additional cash on some vehicles as it tries to clear showroom floors at the end of the month.
The auto and reinsurance industries are under one portfolio manager's radar, as he predicts high yields from those segments over the next three years. Laton Spahr, RiverSource Investments portfolio manager, told "Morning Call" he likes Ford Motor and XL Capital.
Ford Motor has hired accountancy group KPMG to examine the books at its British units Jaguar and Land Rover ahead of their expected sale later this year, the Sunday Times reported.
Delphi said it reached a tentative deal with the United Auto Workers and former parent General Motors to complete the bankrupt auto-parts maker's reorganization.
The bull is back at Ford. At least that's the attitude Ford is taking with the re-birth of the Taurus. But as - walk around the new Taurus being built here at Ford's plant on the south side of Chicago, I'm wondering how much of a charge this new bull will lead at Ford.
While everyone's talking about the shakeup at Yahoo, Google continues to take over the world. Google's video site YouTube is launching its first foreign-language Web sites. Already, over half of the site's audience comes from outside the U.S., but by translating its site into seven other languages is intended to fend off competition. Eventually YouTube will tweak the translated sites to the specific countries-- Brazil, France, Ireland, Italy, Japan, the Netherlands, Poland, Spain and the UK, featuring local content and being sensitive to cultural issues.
A week ago, while doing a live shot for an unrelated story, a viewer, who's husband worked at Ford for years, came up to me and said, "Tell people all the good things happening at Ford, we need the good news to get out." This is not the first time I have heard this type of message, either in person or via e-mail, from an investor, worker, retiree, or just plain fan of the big 3. Often the message includes a side comment such as, "Quit telling people the public doesn't believe in the quality/reliability of the big 3, because that's not true."
If you've been reading the headlines this week, you've probably seen stories about the Big 3 planning to push for pay and benefit cuts totaling 30%. Often the headline is accompanied by a sub-headline saying the United Auto Workers and the Big 3 are headed for a collision course. Folks, get ready for a long hot summer of posturing, trial contract offers being floated, and the yes, the very real possibility that we could see a work stoppage.
Ford Motor said Thursday about 27,000 union workers who accepted buyouts from the automaker have left the company so far.
Europe's new car registrations fell for the fourth month in a row in May, but Fiat beat the market and its rivals with a 5.7% rise in sales thanks to tax breaks in Italy, industry data showed.
Ford Motor said on Tuesday it was working with financial advisers on the best options for its European luxury brands Jaguar and Land Rover.
The British government is in contact with Ford Motor over the possible sale of the U.S. carmaker's Jaguar and Land Rover brands.
Ford Motor has hired investment banks to help it explore options including a sale of its Jaguar and Land Rover European luxury brands, sources familiar with the matter said, as several companies ruled themselves out from bidding.
A decade after the first Prius went on sale, Toyota's global sales of hybrid vehicles have hit a landmark 1 million, underlining the Japanese automaker's lead in "green" technology that has changed the face of the auto industry.