Some of the names on the move ahead of the open.» Read More
Discovery of an illegal fuel additive in one of Toyota's cars at the Daytona 500 are a distraction to the company's marketing efforts with NASCAR, but are likely to have little lasting impact. There is no charge the Toyota or its team knew about the oxygenate, let along sanctioned its use. NASCAR is second only to the NFL in sports marketing muscle.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. The World Economic Forum in Davos, Switzerland will discuss sustainable energy on January 24-27 and one thing is clear: There will be no immediate miracles. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
Hydrogen offers the prospect of pollution-free cars, but huge technological problems must be overcome first. Then there is the trillions of dollars in investment that will probably needed. But that doesn’t reduce hydrogen’s potential and major companies are active in the field.
The chief executive of DaimlerChrysler said he wants to use new alliances to more than double sales outside North America, the Wall Street Journal reported on Friday.
The Dow Jones Industrials closed at another record high as positive momentum trumped a weak manufacturing report. "The markets are floating on a sea of liquidity, but the real driver of this market is the increasing risk appetite of investors." Jeffrey Saut, Chief Investment Strategist at Raymond James, told CNBC.com.
DaimlerChrysler's Chrysler Group and General Motors are in talks to jointly develop a large SUV like the Chevrolet Suburban, which Chrysler doesn't have in its current lineup, according to a report in Wall Street Journal.
Microsoft is busy pushing its entertainment offerings. The tech company's new secret weapon in selling digital downloads to play on a cell phone or other devices is a new digital rights management technology called PlayReady. The upside for consumers: content purchased for one mobile device isn't limited to just that gadget. Users can register several devices to share content. This is a rather controversial approach, but could really catch on eventually.
DaimlerChrysler will cut 13,000 jobs at its Chrysler operation in North America and indicated it could sell or spin off the money-losing unit, which would unwind a troubled 9-year-old merger between Chrysler and Mercedes.
General Motors declined comment on the report, which said the parties are working on it "at full speed."
"It's more company-specific news items than anything else," Tony Dwyer, equity market strategist at FTN Midwest Securities, said in an interview with CNBC.com. "You had a very near-term oversold market, you've had a back-and-forth tape over the last few days, so today evens it out."
Merrill Lynch raised its rating on General Motors to buy from sell, favoring shares of the largest U.S. automaker over Ford Motor , which were downgraded to sell from neutral.
As I woke in Detroit after flying in from New York this morning, I saw the story on "Squawk Box," - another Wall St. firm had raised GM to a buy rating. Why? Primarily on the idea that GM's 17 billion surplus on It's pension wil give it the leverage needed to strike a better deal with the uaw regarding retiree healthcare costs.
"It looks like the market is sort of struggling here a little bit, but there is too much skepticism and negativity on the street for me to think that the bottom is going to fall out," said Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, in an interview with CNBC.com.
The Tundra truck -- Toyota Motor’s postmodern combo of blue-collar ruggedness and advanced electronics -- goes on sale this week. How will top automakers confront the competition? That’s one question that drew CNBC’s Phil LeBeau to the Chicago Auto Show.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
Well at last, the battle for America's heartland has begun. Armed with bigger quad cabs, more torque, and plenty of bravado ... Detroit's 3, Toyota, and Nissan are working harder than ever to win over truck buyers. This week, Toyota's long anticipated, and much hyped Tundra full size pick-up goes on sale.
As U.S. automakers have struggled over the past years, they have always been able to hang on to one last profitable stronghold – the large pickup truck market. But that fortress is about to be stormed by Toyota as its redesigned Tundra pickup hits the showrooms this week.
Toyota Motor posted a near-20% rise in quarterly profit on Tuesday on brisk sales in North America and Europe, but kept its full-year forecasts unchanged -- though still on course for an eighth straight year of record earnings.
It seems only a matter of time before Toyota Motor takes the title as the world's top automaker, by any measure. The Japanese automaker is even entering a car in the Daytona 500 this year.
The latest survey of new car buyers from CNW marketing research shows the perceived quality of European brands continues to slide. While Volvo, Audi, and Porsche have higher perceived quality compared to a similar survey in 1997, Mercedes, BMW, and VW are all lower. In fact, Mercedes has gone from #1 to #12 in CNW's quality perception survey. The only silver lining for the Euro brands is that they are still given high marks by car buyers.