The problems for Takata grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States.» Read More
General Motors CEO Rick Wagoner told CNBC's "Worldwide Exchange" he predicts robust global sales growth in 2007, crediting the positive outlook to a strong product pipeline and solid performance in the emerging markets.
The talk today is about Blackstone, Palm, Honeywell making flat panel TV's and more. Find out what top traders say is the "real" word here.
The new warranty periods cover thousands of parts, from spark plug wires to crate engines, and will be applied to GM Performance Parts crate engines, transmissions and components installed in or bought after March 1, 2007, and is transferable to subsequent owners.
Private equity firm Blackstone Group has emerged as a leading contender to buy the troubled U.S. division of German automaker DaimlerChrysler, The Detroit News reported on its Web site on Saturday, citing people familiar with the situation.
General Motors said on Thursday that its U.S. sales rose 3.4% in February, with an 11% increase in retail sales offsetting a reduction in fleet sales to daily rental companies. GM's Japanese rival Toyota Motor, meanwhile, reported a 12.2% sales spike for the month.
The automaker said that it would not be able to file the 2006 financial report by the initial deadline of Thursday without "unreasonable effort or expense."
Two weeks after DaimlerChrysler CEO Dieter Zetsche said all options are on the table for a possible sale of the Chrysler Group, speculation about potential buyers is increasingly focused on private equity investors. Sources tell CNBC the two private equity firms showing the most interest so far are Blackstone and Cerberus Capital.
As we wait for the February auto sales and word of whether or not foreign automakers will pass 50% market share in the U.S. for the first time ever, there's another number to watch. It's retail auto sales.
Wall Street took its worst beating in four years, as a sell off in the Chinese stock market triggered a global stock selling spree and raised fears of a slowdown in the world economy. "Asia sneezed and we all picked up a global chill," Frederic Dickson, Chief Market Strategist at D.A. Davidson, told CNBC.com.
Ever since I've started this blog, I've heard from a number of readers who think I'm biased in favor of Toyota. Well, if you are one of those people, you are not going to like today's post. Later today, Toyota will announce plans to build it's 8th North American final assembly plant. It will be located just outside Tupelo, Mississippi and should open in early 2010.
As DaimlerChrysler begins to move forward with the possible sale of it's Chrysler division , two things are clear. First, there are a number of options for selling off the American automaker. Second, the leaks out of Europe continue to push GM as the most likely buyer.
If you are in the market for a new car or truck, your may have been wondering why the sticker's on the windows show MPG estimates that are not overwhelming. In fact, they are lower than the previous estimates. It's the change brought on by the EPA's new system for estimating mileage...
One week of rumors, speculation, and angst was long enough for Chrysler CEO Tom LaSorda. He finally said something to his workers Wednesday night. In an e-mail obtained by CNBC, LaSorda essentially told Chrysler 82,000 employees to don't let the sale talk distract them from turning around Chrysler.
Nissan, 44% owned by Renault of France, is always open to new partnerships, but right now its own financial woes are keeping it occupied, the company said. Meanwhile, the UAW has "no opinion" on a possible GM-led takeover.
This morning Renault/Nissan said it is not interested in buying Chrysler. While the French/Japanese automaker alliance has been looking for a third partner in North America, and was trying to work out a deal with General Motors, the company says now is not the time for a deal. Not surprising given the financial problems that have hit Carlos Ghosn's company.
If General Motors ends up buying Chrysler from German parent DaimlerChrysler, would that spark further consolidation among automakers? CNBC's Sue Herera posed the question on "Power Lunch" on Tuesday.
The biggest winner of the Oscars has already started to collect. It's not a celebrity or producer, it's ABC. The network recently wrapped up its ad sales for the telecast on the 25th, grabbing more than $1.6 million per thirty-second spot, for over $80 million dollars in revenue. That's double the revenue in 1998, and up from $72 million total last year.
Now the fun starts. Following last Wednesday's announcement from DaimlerChrysler CEO Deiter Zetsche that he's open to all options for the Chrysler division-including a possible sale- the rumors, scenarios, and yes a few factual reports started coming out all over the world.
Over the weekend reports have circulated that many companies are eyeing Chrysler and hat suitors could include South Korea's Hyundai Motor and General Motors on the division.
With DaimlerChrysler moving ahead on its plans to sell or spin off the Chrysler Group, there are a number of interested parties who are reported to be at least kicking the tires on a potential deal.