A coalition of government watchdog groups is urging states to stand firm against Tesla Motors' demand for millions of dollars in incentives to win its so-called "Gigafactory".» Read More
OK, let's be honest. The mid-size car market is not the sexiest one. These cars have often been viewed as "boring". After all, when was the last time you heard somebody say the new Camry gets their blood racing? That said, we are on the cusp of a substantial car war critical to Toyota, GM and Honda. Today, Honda is showing reporters its redesigned Accord.
It's always fun when you gain a little clarity. And it's often very interesting where you find it. This time it came just off Woodward Avenue outside Detroit. 40,000 classic cars and somewhere near or over a million people. It's the 50's, the 60's and it's the 70's. But wait a minute. It's actually about the future. In amongst all these 'classics', the real message comes in the form of a question. What's next for Detroit?
A strong rally during the final half-hour of trading erased much of Wall Street's losses in another volatile trading session. The rebound was led by recently battered financial shares on optimism regulators may let Fannie Mae and Freddie Mac, the two biggest U.S. mortgage funding companies, play a bigger role in steadying the ailing industry.
The Olympics is a failsafe for attracting advertisers to the NBC (sister company of CNBC) coverage, though the upcoming Olympics in Bejing may come with its own problems. Aready folks like Mia Farrow and Steven Spielberg have voiced concern over holding the Olympics in a country with such a poor human rights track record. But it's the Olympics after Bejing that may prove a disappointment.
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.