Cramer is seeing troublesome developments all over the market. "We have to face some facts here," he said.» Read More
The Insurance Institute for Highway Safety issued its first list of used vehicles that it most recommends for young motorists.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Stocks surged on Friday, reversing a sizable portion of the prior day’s losses. Where's the opportunity in the market?
DETROIT, July 16- German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front air bags made by Takata Corp because the inflators could break apart during deployment and injure passengers.
Some of the names on the move ahead of the open.
When asked by regulators to explain deadly crashes, GM repeatedly said it had no answers — despite having reached internal conclusions on the causes.
Former Ford CEO Alan Mulally will join the board of directors of Google, the company said Tuesday.
Congress begins a five-week summer recess that same day. White House support for the 10- month extension has annoyed some Democrats who are opposed because it would push decisions on long-term funding to a newly elected Congress next year. At the very least, Congress should be keeping people on the job who are already there right now, "Obama said.
In a visit to a government highway research center in Virginia, Obama is expected to tout work on so-called vehicle-to-vehicle and vehicle-to-infrastructure communication technology to improve navigation, according to the White House.
The rich are buying expensive cars at a record pace, and one manufacturer has limited production to maintain exclusivity. NBC News reports.
*Could push aluminium price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminium could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminium industry body.
JOHANNESBURG, July 13- South Africa's metalworkers' union NUMSA rejected the latest pay offer from engineering and steel sector employers on Sunday, saying black workers were still underpaid, and threatened to widen its two-week old strike.
Earlier this month the brand revealed what it is calling "the most powerful muscle car ever," coming in at a screeching 707 horsepower.
July 11- Ford Motor Co said about 500,000 of its vehicles were being investigated by the National Highway Traffic Safety Administration for steering problems. The company will cooperate with the NHTSA investigation, Ford spokeswoman Kelli Felker told Reuters in an email.
Some of Friday's midday movers:
NHTSA says a heat shield in the car can rust, dislodge and cause the steering shaft to jam.
July 11- Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles to fix the wiring for vanity mirror lights in sun visors, to prevent short circuits. About 651,000 of the 895,000 vehicles being recalled are in the United States.
*Could push aluminum price to $2,500 per T- Japan industry body. TOKYO, July 11- Prices for aluminum could climb around a third to as high as $2,500 per tonne if more U.S. automakers start producing vehicles made from the metal, said the new head of Japan's aluminum industry body.
July 10- Germany's ZF Friedrichshafen said it was in early-stage buyout talks with U.S. auto parts supplier TRW Automotive Holdings Corp.. The companies did not disclose any financial details of the deal, but a Bloomberg report said ZF valued TRW at $11 billion to $12 billion.
Bloomberg, citing people familiar with the matter, reported earlier that TRW was in early-stage sale talks with German auto parts supplier ZF Friedrichshafen AG. ZF Friedrichshafen values TRW at $11 billion to $12 billion, although no specific price has been discussed, the Bloomberg report said.