After Jimmy Fallon said he's thinking about buying a truck, four automakers have reached out to sell him one.» Read More
Ford CEO Alan Mulally's suggestion that higher fuel taxes might curb our country's gas consumption is one of those ideas that makes sense on paper, but in reality, likely won't happen. I know, some of you are gonna say, "wait a minute, they pay higher gas taxes in Europe. If it works there, Why can't it work here?"
Buick tied with Lexus as the highest-ranking brand in a closely watched study of vehicle dependability, marking the first time in 12 years that Lexus has shared the top award, J.D. Power and Associates said Thursday.
General Motors is raising incentives to boost sales in August, mainly in the full-size pickup truck segment, the automaker's global head of product development said Thursday.
Admit it, the headline caught your attention. Admit it, you may have scoffed and said, "yeah right" sarcastically. Admit it, you never imagined Buick and Lexus would be considered "equals."Well, back up your daddy's LeSabre and check out the latest vehicle dependability results from J.D. Power and Associates. For the first time in 12 years, another brand tied Lexus.
General Motors lowered its forecast for industry-wide U.S. sales in 2007 and said it would be "challenging" to achieve its target of selling 3 million vehicles at showrooms.
Amid the headlines this weekend about Cerberus closing the Chrysler deal and shaking up management at the automaker, one piece of news came out that blew me away. In the second quarter, Toyota posted a record profit of $4.13 billion dollars. Sounds staggering by itself until you look at it this way: every day last quarter Toyota made more than 44 million dollars. Almost 2 million dollars a day!
Delphi said Monday it tentatively agreed to contracts with four more unions, including one that recently warned a strike was possible if talks stalled.
Stocks ended a volatile week with a late selloff, erasing any hope for a quick recovery from last week's trouncing.
Market factoid nightmare: Not to minimize the effects of extreme market volatility for investors, but Wall Street’s wild ride in recent weeks has also taken its toll on keepers of market factoids, like those of us toiling at the Breaking News desk. We routinely write market factoids for use as dekos, or onscreen data boxes, and we just as routinely monitor them for possible outdating. That part of the job is usually not that difficult. Usually...
Toyota Motor's quarterly operating profit rose by a better-than-expected 32% as brisk overseas sales combined with a softer yen to make up for chronic weakness in domestic demand.
Call this the tale of two brands going in opposite directions. One knows its core market and continues to roll out hot models that win over fans. The other is drifting with sales slumping and serious questions mounting about its future. When I look at the July sales, I'm struck by the numbers at Buick. How bad was it? Sales dropped 29 % and every single model was down at least 17%. Think that's bad?
Despite predictions that the Dow would be down big, the index posted a triple-digit gain for the second day in a row. So what's the deal?Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
On a regular basis, I hear from bloggers who think I'm pushing Toyota and would like nothing more than to see the Big 3 implode. In fact, I got an e-mail to that effect yesterday after blogging about the possibility of Chevy and Ford being outsold by the Toyota brand. For the record, Toyota has passed Ford, but still trails Chevy by a slight margin.
U.S. auto sales dropped in July as weakness in the housing market sapped demand, increasing pressure on the embattled Detroit-based automakers and hitting Toyota Motor with its first sales decline in almost three years.
When the July auto sales come out later today, the most interesting numbers to watch may be those for Chevrolet and Toyota. Halfway through this year the two were neck and neck in the battle to be America's top selling brand. I know some of you will read this and think, "who cares?". Well, the long list of people who care stretches from Detroit to Tokyo, and for good reason.
A selling wave in global stock markets is sweeping futures lower this morning as subprime and credit woes once more rise to the surface. A new disclosure about a third troubled hedge fund at Bear Stearns is rattling investors.
Stocks closed broadly lower after a mortgage lender said it is unable to borrow money and crude oil closed above $78 a barrel for the first time. "We think the corrective phase in the financials is not yet over," said John Roque, technical analyst at Natixis Bleichroeder.
Mortgage issues returned to the markets this afternoon. July ending on the lows. Markets weakened right at 1:30 PM ET as indications flashed at the NYSE that American Home Mortgage would reopen after a day and a half, going from roughly $10 to $-1-$2. It closed at $1.04
General Motors on Tuesday said it flipped to a net profit, trouncing Wall Street estimates as it benefited from cost-cutting, a better mix of products and growing sales overseas.
When I sat down to talk with GM CEO Rick Wagoner this morning on "Squawk Box," I was expecting to see a man, beaming over the better than expected second quarter earnings. Instead, I saw the Chairman of a company who looked cautious. Why? Well, maybe it's because General Motors' glass is half full, and filling it up even more will be a challenge. Certainly the second half of this year will be tougher than the first half.