New Jersey became the third state to ban the company from selling vehicles directly to the public. But the dispute is far from over.» Read More
Stocks rose Tuesday as earnings from Home Depot deflected a dip in consumer confidence.
Consumer Reports is out with its list of the top auto brands. FMHR trader John Najarian says Ford still has good profits, despite rating as the second worst brand.
Based on survey results from 1.1 million subscribers, The Consumer Reports Annual Auto Issue ranked Tesla's Model S the top overall pick.
CNBC's Phil LeBeau reports on the Consumer Reports' list of the top auto brands. Ford was rated as the second worst brand.
Feb 25- Visteon Corp, the auto parts maker, posted a stronger-than-expected quarterly profit on Tuesday and reaffirmed its forecasts for 2014, sending its shares up in morning trading. Net income surged to $513 million, or $10.32 a share, in the fourth quarter, compared with $39 million, or 74 cents a share, in the year earlier period.
DETROIT, Feb 25- General Motors Co, the biggest U.S. automaker, wants to avoid the recall of more than 200,000 of its new full-size Chevrolet and GMC pickup trucks, asking U.S. safety regulators to declare an electronic glitch as "inconsequential" to safety.
Why Ford is choosing BlackBerry over Microsoft to power its sync voice-activated system, with Daniel Ives, FBR Capital Markets senior analyst, and CNBC's Jon Fortt.
NEW YORK, Feb 24- Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot- or ignoring- conflicts of interest on the company's board and called again for the spinoff of its fast-growing PayPal payments business.
The program, known as the Lightweight and Modern Metals Manufacturing Innovation (LM3I) Institute, could translate into more fuel-efficient cars and aircraft.
Ford is reportedly favoring BlackBerry to power its sync voice-activated system. FMHR trader Pete Najarian would not buy the stock yet, while his brother Jon is more bullish.
The announcement, coupled with a report that auto maker Ford Motor Co plans to base its next-generation Sync system on BlackBerry's QNX operating system and no longer use Microsoft's Windows platform, helped send shares of BlackBerry up 8 percent in midday trading. Shares of BlackBerry rose 8.4 percent to $9.91 on Nasdaq following the news on Monday.
CNBC's Josh Lipton reports Ford Motor Company will drop Microsoft and turn to Blackberry to base its next generation sync system.
Carl Icahn excoriated eBay in an open letter, charging the online auction company of "multiple lapses in governance."
Feb 24- Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot- or ignoring- conflicts of interest on the company's board and called again for the spinoff of its fast-growing PayPal division.
The Michigan Democrat is the former chairman of the House Energy and Commerce Committee and has been a staunch advocate for the auto industry.
Feb 24- Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot- or ignoring- conflicts of interest on the company's board and called again for the spinoff of its fast-growing PayPal division. Marc Andreessen and Scott Cook, both long-term eBay board members, bore the brunt of Icahn's conflict allegations.
To boost competitiveness, companies of every ilk are eyeing exciting new breakthroughs—from drones and eye-tracking devices to biometric ID checking.
Some of the names on the move ahead of the open.
Stephen Odell, Ford's EMEA CEO, says in-car technology is to become the norm and not a luxury as the group is due to unveil its Focus model with new features including a voice-activated in-car system.
TOKYO, Feb 22- Honda Motor Co is considering diversifying its all-Japanese, all-male board by appointing a foreigner and could move as early as Monday, when it unveils its next slate of directors, sources close to the company said.