Asian bourses largely rose amid thin post-Christmas trading, as markets in Australia, Hong Kong, Indonesia and the Philippines remain shut.» Read More
Talk about a strange juxtaposition. On the same day Rolls Royce is bringing its new "Baby Rolls" to New York, the world's least expensive, "mass market" car is rolling out in India. The Tata Nano and Rolls Royce 200 EX. One will cost roughly $2,500, the other will be at least 100 times more expensive.
Life in limbo is costing GM and Chrysler. New numbers show the residual values of GM and Chrysler cars have taken a hit. Meanwhile, another survey of car buyers shows a sizable drop in the percentage of buyers who are considering buying a GM or Chrysler.
The auto industry generates nothing these days that even remotely resembles good news. Of course, no matter how bad the industry gets, there's always shelter in the storm, a shining light in the midst of the malignant gloom: the coolest car company in the world, Porsche.
Did the Fed just begin a currency war, where nations basically throw money at one another just to boost exports?
British luxury carmaker Jaguar surged to the top of J.D. Power and Associates' closely watched vehicle dependability study this year, tying Buick for the No. 1 spot and dethroning Lexus for the first time since the Japanese luxury brand has been a part of the survey.
The announcement by the Treasury Department that it will provide up to $5 Billion in federal aid is the next move by President Obama's auto task force to help the auto industry avoid a collapse.
What a difference a week makes. The combination of a market bounce, favorable news from GM, and reports of Ford planning to offer a $2.95 Billion in TALF-related bonds have sent shares of Ford and GM surging in the last week.
Congress is once again kicking around the idea of giving people an incentive to trade in their old car or truck for a newer, more fuel efficient model. It's an idea that has sparked demand for new cars in other countries around the world. And frankly, it is one of the few incentive programs that is a win/win situation.
Two weeks before the deadline for President Obama's Auto Task Force to decide whether or not to lend Chrysler, GM and suppliers billions more in Federal aid, Chrysler CEO is very clear: he needs a decision.
After almost a month of virtual silence by nearly everyone involved in the auto bailout talks, the primary players are starting to talk.
For pure "car lovers", the re-birth of the Chevy Camaro is like an early Christmas gift. A modern day muscle car (base sticker $22,995) built for people who live for the thrill of the drive. But...
Berkshire Hathaway has lost its AAA credit rating from Fitch, but it doesn't look like the change is due to any recent 'mistakes' by Warren Buffett and his holding company. Almost at the top of its news release on the one-notch downgrade and negative outlook, Fitch says the move is part of a "broader review of insurance and financial services company ratings" due to the "current stressful economic environment."
When a stock trades down around $2.50 a share it's dangerous to make too much out of a dramatic move up or down.
Today, General Motors announced it no longer needs a $2 Billion dollar loan from the Treasury Department this month.
Standard & Poor's downgraded General Electric, lowering its rating to AA-plus with a stable outlook, down from the top-tier, AAA credit rating it enjoyed. Here are some sobering facts about GE and other big stocks...
Schwarzenegger has come to personify what many in the domestic auto industry can't stand. He is unabashed in his belief auto makers can and should make cleaner, more fuel efficient vehicles.
Remember when Ford CEO Alan Mulally took over the top job at the auto maker and boldly pronounced, "We will win with great cars!"? I do. I remember thinking, "Well, this will be interesting to see if Ford can truly become competitive in cars."
Tonight Show host Jay Leno knows that. Which is one reason he is bringing "Jay's Comedy Stimulus Plan" to Detroit on April 7th and giving away tickets to anyone who says they are unemployed.
This afternoon, the UAW members at Ford overwhelmingly voted in favor of changing their contract with the auto maker.
When President Obama's Auto Task Force rolls into Detroit Monday it will spark another round of stories and speculation about when the Treasury Department will decide the fate of GM, and Chrysler. Don't hold your breath.