Several thousand jobs will be lost in Australia by 2017 as the curtain comes down on a century of car manufacturing Down Under.» Read More
General Motors unveiled the 2015 model Tuesday evening ahead of the New York International Auto Show. General Motors thinks young buyers and downsizing Baby Boomers who like the Chevy Equinox and the Honda CR-V will go even smaller, as long as they can still sit up high. The Trax has been sold since 2012 in Canada and Mexico.
NEW YORK, April 15- General Motors Co. will create a new global product integrity organization that will focus on product safety and quality, said GM Chief Executive Mary Barra in a speech on Tuesday.
General Motors CEO Mary Barra addresses the recall crisis at the New York Auto Show. We will do the right thing for our customers as we manage through this, she says.
DETROIT— As General Motors shows off its newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.
While stocks aren't as cheap as they were a year ago, Bill Nygren made four new portfolio additions.
CNBC's Tyler Mathisen and "The Profit" host Marcus Lemonis, look at today's Power Lunch stories, including the WSJ report GE CEO Immelt may not stay until the mandatory retirement age of 65, as well as the tax code.
Kyle Bass, Hayman Capital Management managing partner, makes his investment case for General Motors despite the litigation the automaker is facing. "GM is taking the right steps to invest properly in the crisis," says Bass.
CNBC's David Faber speaks with Kyle Bass, Hayman Capital Management managing partner, about his stake in General Motors and why he is still bullish on the beleaguered automaker. The public policy aspect is so difficult to contextualize and understand, Bass says.
Ford Motor Co. rose$. 07 or. 4 percent, to $15.70. General Motors Co. rose$. 62 or 1.9 percent, to $32.55. Honda Motor Co. rose$. 46 or 1.4 percent, to $34.20.
Discussing how recalls are impacting the auto sector and potentially scaring off new car buyers, with Lauren Fix, The Car Coach automotive expert, and Eric Ibara Kelley Blue Book senior analyst.
Auto financing company Ally Financial and hotel operator La Quinta Holdings had lukewarm receptions for their IPOs last week. La Quinta priced its shares at $17 each, lower than its expected range of $18 to $21, which suggested less demand. Ally, the largest IPO this year, priced its shares at $25 each, the bottom of its expected range of $25 to $28.
CNBC's Phil LeBeau discusses the recent management shakeup at General Motors following its recall crisis. Michael Ward, Sterne Agee, provides perspective on its stock price.
Ford Motor Co. rose$. 11 or. 7 percent, to $15.73. General Motors Co. rose$. 70 or 2.2 percent, to $32.63. Honda Motor Co. rose$. 56 or 1.7 percent, to $34.30.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose 1.6 percent to $3.71 with 22,506,600 shares traded. Alcoa Inc. rose 2.6 percent to $12.86 with 29,500,100 shares traded.
Some of Monday midday movers:
DETROIT, April 14- General Motors Co said on Monday that its heads of human resources and communications are leaving "to pursue other interests." John Quattrone, 61, will succeed Melissa Howell, 47, as senior vice president, global human resources.
CNBC's Phil LeBeau and the FMHR traders discuss General Motors' reputation amid its recall crisis, and catalysts for buying the stock.
DETROIT— General Motors is replacing the executives in charge of communications and human resources as it struggles with a string of embarrassing recalls that have led to congressional hearings and federal investigations.
General Motors announced on Monday that its heads of human resources and communications are leaving the company "to pursue other interests."
CNBC's Phil LeBeau reports General Motors has announced the head of communications and the head of human resources are leaving the company.