Amid a revival in sales of Japanese goods in China and talk of renewed investment, a dusty industrial park near Nanjing offers a cold reality check.» Read More
Chrysler Group and the United Auto Workers union on Friday mark the formal start of a summer of crucial contract negotiations under intense pressure to break the model of business as usual for Detroit.
General Motors plans to offer diesel-engine cars under the Cadillac and Saturn brands in the United States by 2010, industry journal Automotive News reported, citing a source familiar with the plan.
Nissan-Renault's chief executive officer Carlos Ghosns $3,000 project to build a small car using Indian expertise could trigger off a new partnership for Renault in India with Bajaj Auto, local business daily The Economic Times said.
GM, Ford and DaimlerChrysler said Tuesday their U.S. sales fell in June, while Toyota sold more cars during the month. The news came as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.
DaimlerChrysler said Tuesday its U.S. sales fell 2 percent in June. The news came even as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.
Asian economies may have overcome the 1997-98 financial crisis but now face new threats such as income disparity, climate change and a possible global economic meltdown, government and business leaders said Sunday.
The latest list of hottest selling vehicles (those that spent the fewest number of days in showrooms), which is compiled by J.D. Power's Power Information Network every month includes three vehicles that were red hot in May--for three completely different reasons. And each one is an important model for their company. So let me run down the list and touch on the three models I believe are most important on this list.
Family control of a publicly traded company is increasingly coming under attack. But the dual classes of stock that allow a family to maintain control without holding a majority stake probably won't disappear anytime soon, financial experts say.
Many reporters and columnists over the last couple of days have opined that baseball teams will not hesitate to do anything in their clubhouses about beer and we’ve seen that as more teams over the past couple days have decided to rid free beer from the locker rooms.Then they tell you that nothing will likely happen in the stands because beer is a huge profit maker for the teams and beer companies spend so much money on baseball that there’s a lot of politics behind doing anything more than the symbolic gesture of keeping alcohol out of the locker rooms.
Honda Motor sees a tough year if the yen firms and dents export earnings, but it should still increase market share in Europe and the United States with its Civic and CR-V models and a new Accord sedan.
Nissan Motor will announce details of a voluntary early retirement program in Japan Tuesday, aiming to cut up to 1,500 blue and white-collar jobs amid a shrinking domestic market.
Chrysler Group Chief Executive Tom LaSorda on Wednesday said talks regarding a sale of the automaker were continuing and that "all options" remained open regarding the division's future with German parent Daimler.
Nissan Motor will recall 1,010,843 vehicles across two models including the March subcompact in Japan, according to a company filing with Japan's transport ministry.
Merger madness is gripping Wall Street this morning and stocks, so far, are ready to sprint higher at the open. European markets are trading higher, and Asian stocks rose overnight, with a weaker yen helping lift Japan's Nikkei more than 1.6%.
Nissan Motor said on Friday that Chief Executive Carlos Ghosn would give up the duty of overseeing the Americas as the automaker heads for its first annual profit decline in seven years.
Stocks are heading for a lower opening as snow falls on Wall Street and investors await consumer inflation data and consumer confidence numbers. Today is the quadruple witching day for the expiration of stock futures and options, but the resulting volatility may have already been played out when we saw the market take a roller coaster ride earlier this week. Asian markets were weaker overnight, and European stock markets are trading lower ahead of the New York open.
The 77th International Auto Show in Geneva, Switzerland this year will no doubt be remembered by the presence of automakers exhibiting alternative powered technology.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
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.
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.