Tanking sales and gloom hang over Detroit as its annual auto show begins this week. Maybe the worst is behind it, as GM and Ford are up 26% and 15% YTD respectively.
Wall Street was looking at a slightly lower open Monday as traders took a leery view of the kickoff to earnings season.
Top executives at Ford Motor and General Motors stressed that the fortunes of automakers will depend on a turnaround in the economy and consumer confidence in particular.
Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
The Dow logged its worst week since late November, erasing all of last week's gains in a brutal week littered with layoffs and profit warnings, and capped with a surge in unemployment.
Ezra Merkin, the manager of a major Bernard Madoff "feeder fund," resigned effective Friday from his post as chairman of GMAC Financial Services.
Calvin & Hobbes, like "Peanuts" or "The Simpsons" or "I Love Lucy", has a certain timelessness. Fifteen years later, a particular C&H classic is making the rounds on the internet.
As I have spent the last two weeks preparing for the Detroit Auto Show, which starts this Sunday, it's become clearer than ever to me the electric car is coming and coming fast.
Stocks ended mixed as dismal December retail sales — notably from discount giant Wal-Mart — offset strength in techs, led by Microsoft.
Last month I got a lot of email after pondering what it might take to get me to buy an American car. I suggested that Detroit needed to come up with some sort of marketing campaign to convince me it's the cool, hip, right thing to do.
I spent part of Wednesday afternoon tooling around GM's tech center in a "mule" version of the Volt. When I hit the gas, the acceleration was instant. The Volt will deliver the same performance you would get from a car with 250 horse power
Following are the day’s biggest winners and losers. Find out why shares of General Motors and Family Dollar Stores popped while Freeport-McMoRan and JPMorgan Chase dropped.
The Hyundai offer is significant because it addresses the one issue that is keeping people out of showrooms. Potential buyers are worried about keeping their jobs so they are putting off a new car for the family.
Stocks ended a topsy-turvy session higher as investors juggled a profit warning from Bank of America and some dismal economic news with optimism over the Obama stimulus plan.
Stocks were on their way back up again as investors shrugged of some disappointing economic data and kept an optimistic outlook about President-elect Obama's economic-stimulus plan.
Stocks pared their gains Tuesday after a reports showed pending-home sales and factory orders declined, while a measure of the service sector unexpectedly improved.
Tatsuya Mizuno, director of corporates at Fitch Ratings, predicts that the global automobile industry will remain weak for another two to three years. But he sees one somewhat bright spot amid the sector gloom.
As I was watching the dismal auto sales numbers come in on Monday, I was waiting for somebody to drop me an e-mail and sarcastically remind me that it was just a few months ago when I said, "Things can't get much worse in the auto industry."
Stocks were poised to rebound slightly Tuesday, as investors waited for some more data on the broader economy due shortly after the start of trading.
Google? No. Microsoft? Nope. Apple! Actually, no. It's Hewlett-Packard. Find out why big money managers will be buying this stock over the rest.