Some of the names on the move ahead of the open.» Read More
Ford Motor Co. fell$. 14 or. 9 percent, to $14.83. General Motors Co. fell$. 43 or 1.3 percent, to $32.80. Honda Motor Co. fell $1.28 or 3.1 percent, to $39.99.
Ally hopes that the deal will put an end to allegations that the mortgage business was stripped of choice assets before being put into bankruptcy.
DETROIT, May 23- U.S. auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.
DETROIT, May 23- Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000.
Ford Motor Co. fell$. 36 or 2.4 percent, to $14.61. General Motors Co. fell$. 92 or 2.8 percent, to $32.31. Honda Motor Co. fell $2.15 or 5.2 percent, to $39.12.
DETROIT, May 23- U.S. auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday.
Some of the names on the move ahead of the open.
DETROIT-- General Motors Co. says the Spark EV subcompact will be among the lowest-priced electric cars in the U.S. The electric Spark will have a starting price of $27,495 when it goes on sale next month in California and Oregon. Nissan also offers a $199- per-month lease for three years with $1,999 down.
DETROIT, May 23- The Chevrolet Spark all-electric subcompact car will cost U.S. buyers as much as 38 percent less than what it takes to buy its larger sibling, the hybrid Volt, General Motors Co said on Thursday.
*Ford to end Australia production in Oct 2016. Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford Australia Chief Executive Bob Graziano said on Thursday, the latest election-year blow to the struggling Labor government.
*Ford to end Australia production by 2016- reports. CANBERRA, May 23- Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday.
May 22- General Motors Co is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels have separated from the sport utility vehicles built on car-based platforms.
Ford Motor Co. rose$. 02 or. 1 percent, to $14.97. General Motors Co. fell$. 17 or. 5 percent, to $33.23. Honda Motor Co. fell$. 61 or 1.5 percent, to $41.27.
The company became the first automaker to repay money borrowed under the Advanced Technology Vehicle Manufacturing program.
Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year.
DETROIT, May 22- Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market share. Ford's U.S. rivals, General Motors Co and Chrysler Group LLC, are also limiting downtime this year.
Ford Motor Co. rose$. 34 or 2.2 percent, to $15.29. General Motors Co. rose$. 32 or 1.0 percent, to $33.72. Honda Motor Co. rose$. 07 or. 2 percent, to $41.95.
CNBC's Phil LeBeau reports that former GM chair Bob Lutz is teaming up with a Chinese firm to bid for Fisker Automotive, among other auto news.
The former Vice Chair of GM, who holds a leadership role with VL Automotive, is teaming up with Wanxiang Group, a Chinese auto parts supplier, in a bid to buy the ailing Fisker.
Ford Motor Co. rose$. 25 or 1.7 percent, to $15.20. General Motors Co. rose$. 31 or. 9 percent, to $33.71. Honda Motor Co. rose$. 04 or. 1 percent, to $41.92.