As strong February trading drew to a close, CNBC "Fast Money" traders made their March picks, including McDonald's and Coca-Cola.» Read More
While most of us wrapped 2006 with holiday parties and hopefully a few days off - hey, at least that's what I did last week - Chevy and Ford dealers finished a pitched battle to see which brand would wrap up the year as number one in total sales. The winner gets bragging rights as being America's favorite nameplate for cars and trucks. The loser will claim it doesn't matter. The truth is...
CNBC’s auto-market blogger Phil LeBeau told “Squawk Box” that the hottest development may come from Shanghai; and GM and Nissan alliance talks stoked merger mania.
As we end for today, we can safely report it's been a banner year for stocks--by just about everyone's measuring stick. Bonds didn't so bad either. Blue chips were certainly the big standouts of 2006. The Dow Jones industrial average--the index of 30 of the nation’s biggest companies, hit record levels dozens of times since closing at 12,011.73 on Oct. 19. It's since surged to an intra-day high of 12,529.87. All this despite....
Almost every analyst has an angle on how to beat the market, and investors pay big money for trading tips that promise guaranteed profits. But here on CNBC we give that advice away for free. John Prestbo, editor of Dow Jones Indexes, shared his “Dogs of the Dow” strategy on “Morning Call” today. It returned 32% in 2006.
In an exclusive cnbc.com interview, Global Insight Chief Economist Nariman Behravesh tells CNBC’s Rebecca Jarvis why he thinks fears of a 2007 recession are “completely off the mark.”
While the big 3 continue to struggle with costly (both in dollars and human terms) plant closings, the Japanese auto plants are surging. And the reason for this is America's growing appetite for fuel efficient vehicles. Which reinforces the hangover GM, Ford and Chrysler are feeling from years of focusing on SUV's and pick-up trucks. The latest number from the Japanese Automobile Manufacturers Association shows...
Answer: When's That! CNBC's Peter Schacknow pulls back the curtain and shows you inside the world of 24-hour business news.
As soon as I started reporting on Thursday that Toyota is likely to replace General Motors in 2007 as the world's #1 automaker, the question came up: What's next for the Japanese automaker? Yes, in general terms the company is likely to continue gaining market share in the U.S. It's currently #3 with 15.3% market share behind ford 17.6% and GM 24.7%. And next year as Ford pulls back fleet sales to rental companies, Toyota is likely to become #2 in the U.S.
As reported Thursday by CNBC's Phil LeBeau, Toyota Motor expects to produce a record 9.42 million vehicles in 2007 -- a 4% rise that should see it overtake General Motors as the world's biggest automaker.
Ford Motor expects Toyota Motor to unseat it next year as the second biggest company behind General Motors in the American car market, a position Ford has held since the 1920s, the New York Times said on its Web site on Thursday.
There's more evidence that Toyota is coming on strong and might leave both Ford and GM in the dust. CNBC’s Phil LeBeau has more on Toyota emerging as the #1 car company in the world.
Delphi laid out a road map for its reorganization on Monday that includes up to a $3.4 billion investment from a private equity group in the bankrupt auto parts maker, potential creditor recoveries and an executive succession plan.
Steve Miller, the CEO of bankrupt parts maker Delphi is stepping down as chief executive and leaving a position he used to force huge changes on the auto industry. Here in Detroit, there will no doubt be plenty of rank and file workers cheering Miller's departure. After all, he is the man who said point blank, "many of you will lose your jobs, and others will likely have their pay cut". Tough medicine no doubt.
When it's time to make a commercial--companies usually go to Madison Avenue to dream up a catchy ad. But that idea may soon be old school. CNBC's Darren Rovell told the "Squawk Box" team about the new idea for the upcoming Super Bowl--letting the public make up the ad.
The Mulally "re-mix" is starting to play out at Ford , and the new CEO isn't waiting long to send a message. The question is how much this management shake up will go in reviving ford. Long-time Ford employee Derrick Kuzak has been put in charge of global vehicle development after previously serving as Ford's VP of product development. The new job means Kuzak is the man...
General Motors Chief Financial Officer Fritz Henderson said it would be "feasible" to agree to agree to a deal with auto-parts company Delphi over union worker pensions and benefits in the first quarter of next year, The Wall Street Journal reported.
Add Carlos Ghosn to the growing list of auto executives who are not only committed to developing eco-friendly vehicles, but are actually putting major R & D dollars behind the effort. Unfortunately for Nissan, the effort will be costlier, and take more time now that the GM alliance idea is dead.
Our auto-industry reporter predicts China may enter the American market, Ford may seek a merger -- and Toyota will keep racking up sales.
After years of being a forgotten brand, Saturn is slowly entering a new orbit that includes higher sales, more relevant models, and recognition by General Motors that it's youngest brand is loaded with potential. Today the automaker announced it would be adding the Astra compact car to it's line-up in late 2007.
The major market indexes took a breather today – all closing modestly lower - in spite of a strong ADP report showing an extra 158,000 jobs added in the private sector in November. Mary Thompson sorted out the market activity – she’s CNBC’s “Eye on the Floor.” Investors are now looking to the jobs report to create some movement in the markets. That’s due out Friday.