Asian equitiess were mixed on Friday, following an uninspiring lead from Wall Street, but Japanese stocks managed to overlook a mixed bag of economic data to settle at a new 15-year high.» Read More
Stock index futures extended losses after an initial uptick as data showed June orders for durable goods, excluding transportation, rose less than forecast despite overall orders posting their largest advance since July 2007.
Higher sales from the government's Cash for Clunkers program have prompted General Motors to boost production at several of its factories, according to company and union officials.
The Transportation Department says consumers who want to purchase a new car not yet on a dealer lot can still be eligible for the car rebate program.
This is one of those weeks when the auto industry is slowly but surely showing that its darkest days have passed. The three year downturn in production is giving way to small, but important increases in the number of cars and trucks rolling off assembly lines.
Get used to seeing more triple digit fuel economy ratings as Toyota, Ford, Chrysler, and other niche players start rolling out the electric line-ups over the next 3-4 years.
Educating the public about electric vehicles will take a lot of time, but implementing them is our future, said Rebecca Lindland, director of the Autos Group at IHS Global Insight.
In the new GM, where the big push is getting closer to the customer, there's an interesting experiment the company is about to launch.
General Motors said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius.
That's the fuel economy GM expects the electric Chevy Volt to deliver when it comes out late next year. The company made the announcement this morning in Detroit and already skeptics, fans, and the general public are debating if the Volt's mega-fuel efficiency will be a "game changer" for the industry and General Motors.
One month after exiting bankruptcy and vowing to do business differently, GM is going on-line as it strives to improve its bottom line. The auto maker is teaming up with eBay to sell new cars on line in the state of California. It's a deal the two companies have been working on for a few months and it should be a win/win.
Ever since Washington first signed off on Cash for Clunkers, I've heard a steady chant of criticism about the program....While I've heard all these concerns, I'll be honest that there are very few I agree with.
For once in our lives, Washington spending is giving us a good bang for the buck.
Stocks were lukewarm Wednesday following a disappointing jobs report from ADP and cautious outlook from Dow component P&G. Also: a Senate vote on extending the "Cash for Clunkers" program could happen as early as today. Read and listen to what the experts had to say...
Automaker chief says Toyota is fast-tracking plans for an affordable sports car it will launch in the next few years and says US auto market will bounce back strong.
This market is hanging in there nicely and investors should go back to the "buy the dips" strategy, said Alan Valdes, vice president of Hilliard Lyons.
Stocks ended flat Tuesday as investors took a breather after Monday's blockbuster rally.
Stocks struggled to stay in positive territory for any length of time Tuesday as profit-taking after Monday's blockbuster rally overshadowed a fifth-straight rise in pending-home sales.
Stocks bounced back from a lower open Tuesday after a surprisingly sharp jump in pending-home sales.
General Motors, Ford and Chrysler are not the only ones working through wrenching restructurings. Toyota is, as well, though with a much lower profile.
I can still remember the day a few years ago when Alan Mulally, recently installed as the Ford spacer CEO, told me his company was changing the name of the Ford 500 to Taurus. Along a few slight styling tweaks, the idea was to bring the Taurus name back and stoke some recognition with buyers who were writing off the blue oval.