The market meltdown this week has made for several buying opportunities, reports USA Today.» Read More
Chrysler Chief Executive Robert Nardelli expects the automaker to lose $1.6 billion this year, the Wall Street Journal reported in its online edition, citing sources familiar with the matter.
Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.
I hear it everyday. "Why can't we get cars, trucks and SUVs that give us 30 miles per gallon of gas?" My answer is usually along the lines of, "Yes, the automakers can do that, but there's a trade-off. You want a big SUV to haul people and stuff, then you have to accept lower fuel economy."
The question now is whether GM's new red tag sale is the prudent use of incentives to clear some inventory, or if it's a sign of things to come for the automakers struggling with flat sales? I think it's a one-time thing.
Here's a tough one: you've been put in charge of marketing a struggling automaker that has many positives, but just as many, maybe even more, negatives. How would you change that automakers image?
Forget about L.A. being tinsel town, and style capital. At this year's Los Angeles Auto Show the automakers are trying to wrap themselves in the "Green Leaf" of fuel efficiency. Ford announced a new sustainability plan that will include developing direct injection gas engines, lighter cars, and more hybrids.
As I'm getting my first peak at the Los Angeles Auto Show, there's some good news for a couple of struggling automakers. Ford CEO Alan Mulally had dinner with a handful of reporters Tuesday and shot down the suggestion Ford will need to partner up with another automaker or private equity firm. In fact, he says Ford is in "terrific" shape for growing the business globally.
Look for the investment banking powerhouse to take out its 52-week high, Cramer said. Just don't expect much more from the financials.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Ford Motor has narrowed the auction of its Jaguar and Land Rover brands to three bids, two of them involving Indian companies, people familiar with the matter said Monday.
I admit it, this is not what I expected when I landed in Dubai, United Arab Emirates. I didn't expect to travel halfway around the world to see first hand that the automaker in my back yard is highly regarded. Last night, I went to the GM Style showcase here in Dubai where stars and cars share the runway.
Stocks fell for a second straight day, led by declines in the Nasdaq after tech bellwether Cisco Systems signaled the credit crisis was hurting demand from key customers, including banks.
Ford Motor posted a narrower-than-expected quarterly loss Thursday and said it was nearing a deal to spin off British luxury brands Jaguar and Land Rover.
It wasn't supposed to happen this way. I was out last night with a group of hedge fund traders, and as the news came in that AIG's numbers were lousy, and Cisco was a mess, the traders nodded approvingly. They were anticipating a large down day today, then a rally on Friday, and one trader said most of the traders in his shop (a well-known fast money firm)
Stocks are striking a much-improved tone after Wednesday's high energy selloff, as investors await testimony this morning from Fed Chairman Ben Bernanke. Monthly chain store sales and some big earnings could also influence direction.
Toyota Motor, the world's biggest and most profitable automaker, posted a 2.7 percent rise in quarterly operating profit thanks to a weaker yen, cost cuts and stronger sales, and it raised its full-year forecasts.
"Bullitt" was a hit cop drama movie in 1968, with two super stars in the cast: Steve McQueen and a hotter than hot Ford Mustang featured in what was then one of the most exciting cars chases ever filmed (by the way, the car McQueen was chasing was a Dodge Charger)
Ford Motor agreed to keep three U.S. plants open and pour significant new investment into its other manufacturing facilities as part of a tentative contract with the United Auto Workers, union officials briefed on the deal said on Monday.
Auto-parts maker Visteon posted a narrower quarterly loss on Wednesday, supported by cost cuts, and said a multiyear restructuring plan remains on track.
Ford Motor and the United Auto Workers union Tuesday intensified the pace of negotiations for a new labor contract, a person familiar with the talks said.
The latest reports in Automotive News about strong sales in Eastern Europe helping Ford and Toyota meet sales goals, confirms something I've been hearing for some time from Big 3 execs. Don't focus so much on the U.S. and lose sight of the real battle over global sales.