Stocks retreated as the global rally from the previous session lost momentum and euphoria over Europe's near $1 trillion debt rescue package faded. Gold prices soared.
Let's see if this makes sense. In the fiscal year that ended in March of 2009, Toyota lost $4.4 billion. A year later, after what was arguably the worst crisis in the company's history, Toyota swung to a profit of just over $2.2 billion. How did that happen?
U.S. stock index futures pointed to a lower open Tuesday as the global rally from the previous session lost momentum and euphoria over Europe's near $1 trillion debt rescue package faded.
Four months after calling Toyota "safety deaf," Secretary of Transportation Ray LaHood says the Japanese automaker is getting the message. "I think their attitude has changed," said Secretary LaHood after spending more than hour meeting with Toyota leaders including CEO Akio Toyoda. "I came away with the idea Mr. Toyoda has listened to us," said LaHood.
As Chrysler CEO Sergio Marchionne breathes life into the beaten down brand, he has said time and again that the customer has to have a reason to care about Chrysler.
As Congress begins work on strengthening auto safety rules and considers a wide range of more stringent requirements, I'm struck by what I've heard from people who don't want Washington to go very far with these requirements.
We've had our hearts broken lately by some of the most known and trusted brands — Tiger Woods, Toyota, GM and Goldman Sachs. We're now so jaded that for some of us - even the truth is not enough.
The hiring of former Hyundai marketing man Joel Ewanick to spearhead GM marketing is a shrewd move and shows that the folks running the country's largest automaker is realizing it can't wait around to improve sales.
there is little talk about America's fifth largest automaker. Well, in case you haven't been watching, Chrysler has quietly stopped the bleeding.
It is hard to imagine an auto company going through a more challenging start of the year than Toyota. And yet, April auto sales show the company is weathering the storm far better than most expected.
Stocks advanced on this first trading day of May after some positive economic reports and details of a European financial rescue package for Greece provided some measure of relief.
Of all the auto executives I have covered, GM Vice Chairman Bob Lutz may be the one who generates the most spirited response from viewers and readers. His fans love him. Critics think he gets too much praise.
There's an interesting choice facing Ford investors right now. Sell some stock and take profits after a spectacular run-up in the last year, or hang on and bet that Alan Mulally and company can prove Wall Street wrong again and outperform expectations, pushing the stock even higher.
Toyota says it is recalling about 50,000 Sequoia sport utility vehicles from the 2003 model year to fix an unexpected slowing of the vehicle.
They aren't sexy. In fact, some might even call them boring. But one thing that stands out about Honda cars, SUV's and minivans is their appeal to buyers who want reliability and fuel efficiency.
The cautious optimism is gone - replaced with a confidence in a profitable future. For Ford CEO Alan Mulally the company has transitioned into a new phase of growth. From here forward, Ford not only will be expected to be solidly profitable. And not just in most parts of the world, but in every region- including the U.S.
As Ford prepares to file quarterly earnings that are expected to show the company earned at least a billion dollars in profit for Q1, investors are starting to ask themselves, "Where does Ford go from here?"
Whenever I blog about the Beijing Auto Show I invariably get a slew of e-mails from people saying one of two things: Detroit is a more important auto show and/or who cares about what happens in China.
Walk through the massive Beijing Auto Show 2010 and you know immediately that the race for clean energy cars leadership in China is officially on. But is the Chinese consumer ready?
Stocks pulled off a gain Thursday as comments from a European official offered some relief on the Greece front. Consumer-discretionary stocks were the day's best performer, along with materials and industrials.