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General Motors has had preliminary contact with Russian oligarch Oleg Deripaska on a possible sale of its Hummer brand, sources familiar with the matter said.
Ford Motor's plan to overhaul its North American operations to produce more cars remains unchanged amid recent declines in gas prices, a top executive said on Tuesday.
The market for sport utility vehicles is starting to look a lot like the housing market, spreading pain to consumers, automakers and dealers, the New York Times reports.
Toyota Motor is considering exporting U.S.-made trucks including its full-size Tundra after scaling back its sales expectations for the U.S. market under pressure from record fuel prices and a slumping housing market.
The report today from the Detroit News that Ford is preparing to stop building the Mercury Sable and Ford Taurus X crossover is one of those stories I read and immediately said, "It's about time". In my opinion, these are the types of moves Ford needs to make quickly if it's going to jump start sales with fresh, attractive models.
Toyota Motor, the world's biggest automaker, posted a smaller-than-expected 28 percent drop in quarterly net profit, dented by a strong yen and slumping U.S. sales, and kept its forecasts unchanged for what is set to be its most challenging year in recent memory.
Some hurting, poorly managed companies can turn out to be great stocks. Fast Money's special series "Bad Company, Good Stock" takes a look at Ford.
A plan proposed by oilman Boone Pickens to use natural gas to power US automobiles is generating debate. Some doubt the feasibility of the plan, The New York Times reports.
Stocks were lackluster Monday despite a massive move downward for oil, as worries persisted over inflation and the nation's beaten-up housing and mortgage markets.
That sinking feeling: Kirby Daley, strategist at the Newedge Group, says the U.S. is in recession and he expects a 15 percent to 20 percent drop in the Dow -- in the near future.
Stocks opened modestly lower as economic indicators showed continuing inflation pressures and worries persisted over the state of the financial sector.
Chrysler's finance arm said Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.
The Dow closed lower on Friday after General Motors reported hefty losses and new data showed U.S. employers cut jobs for the seventh straight month.
When we decide to make the switch away from dirty, environmentally unfriendly oil, these companies will help make it happen.
Stocks started the month off with a decline as a rise in oil and larger than expected loss from General Motors rekindled worries about the economy.
For the week ending Friday, August 1, 2008, the markets finished relatively flat after a turbulent week that saw 4 straight days of triple-digit moves on the Dow. An early rally was dampened by weak economic data including weaker-than-expected GDP numbers and a rise in the unemployment rate.
Lots of volatility, but major indices flat for the week: Dow down 0.4 percent, S&P up 0.2 percent, NASDAQ flat.
Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.
The stocks are showing only modest reaction to poor sales. Bulls will cite this as evidence that even a GM (down 5 percent, modest compared to its awful report) may be bottoming; bears say the outlook is so cloudy this could get even worse for them.
Forget capitulation -- it's time to buy equities! Arthur Cashin of UBS offers CNBC a sample of what traders are saying -- straight from the trading floor.