Cramer is seeing troublesome developments all over the market. "We have to face some facts here," he said.» Read More
*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.
July 10- U.S. auto parts supplier TRW Automotive Holdings Corp is in early-stage sale talks with Germany's ZF Friedrichshafen AG, Bloomberg reported, citing people familiar with the matter. ZF Friedrichshafen values TRW at about $11 billion to $12 billion, although no specific price has been discussed, a person familiar with the matter told Bloomberg.
Some of Tuesday's midday movers:
DETROIT, July 8- Ford Motor Co said on Tuesday it is recalling 100,610 vehicles in North America in six separate actions. About 83,000 of the recalled vehicles are in the United States and federalized territories, along with about 8,200 in Canada and 600 in Mexico, Ford said.
SHANGHAI, July 4- General Motors Co expects Cadillac sales in China to rise by at least 40 percent this year, as the U.S. carmaker steps up local production in a market key to transforming Cadillac into a global luxury brand, a senior executive said.
DETROIT, July 2- Ford Motor Co said on Wednesday its new chief executive officer, Mark Fields, will receive a 9 percent increase in his base salary, as well as stock options and a performance-based bonus.
A list of the top car brands that customers come back to, either to replace old cars or make new additions to the household fleet.
General Motors Co bucked Wall Street's low expectations as well as negative publicity over a flood of safety recalls, reporting a 1 percent rise in U.S. sales in June. He added that GM's sales remain strong in part because consumers focus on brand names such as Chevrolet and Buick rather than the corporate name " General Motors."
U.S. stocks jumped on Tuesday, with the Dow rising to within two points of 17,000.
CNBC's Phil LeBeau reports General Motors, Ford and Chrysler all beat sales estimates in June, and discusses if auto sales may be topping out.
Take a look at some of Tuesday's midday movers:
DETROIT, July 1- Major automakers reported better-than-expected U.S. sales in June, capping a strong second-quarter comeback from a brutal winter, but some companies displayed signs of softening demand for their most popular models.
General Motors reports a modest rise in US sales in June, despite safety recall.
WASHINGTON, July 1- U.S. manufacturing activity held steady at firmer levels in June and automobile sales were on track to beat expectations, pointing to momentum in the economy after a rough winter. The Institute for Supply Management said on Tuesday its index of national factory activity was at 55.3, little changed from May's 55.4 reading.
DETROIT, July 1- General Motors Co bucked Wall Street's low expectations and negative publicity over a flood of safety recalls, reporting a modest rise in U.S. sales in June. Chrysler Group and Nissan Motor Co also reported year-to-year increases on Tuesday. They, along with Ford Motor Co, topped analysts' expectations.
DETROIT, July 1- Chrysler Group on Tuesday reported a 9 percent gain in U.S. auto sales for June, beating forecasts for a month expected to show an industrywide decrease from a year earlier. The company, a unit of Fiat Chrysler Automobiles, showed a 28 percent gain for Jeep, its biggest brand by sales, and a 12 percent increase for its Ram pickup trucks.
JOHANNESBURG, July 1- More than 220,000 South African engineering and metal workers launched a strike over wages on Tuesday, hot on the heels of a crippling platinum dispute and dealing a further blow to an already weak economy.
DETROIT, July 1- Chrysler Group on Tuesday reported a 9 percent gain in U.S. auto sales for June, beating forecasts for a month expected to show an industrywide decrease from a year earlier. Chrysler, a unit of Fiat Chrysler Automobiles, showed a 28 percent gain for Jeep, its biggest brand by sales, and a 12 percent increase for its Ram pickup trucks.