Ever since Chrysler CEO Sergio Marchionne and his management team unveiled their plan for reviving Chrysler last week, much has been made about what the plan is and is not built around: A heavy emphasis on four cylinder engines and very little mention of hybrids and electric cars.
The latest sales numbers out of China this morning are further vindication that General Motors strategy in that country is paying off.
Stocks rallied Thursday after a strong reading on productivity and an easing in jobless claims — an encouraging sign ahead of tomorrow's jobs report.
Markets opened higher on Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors. Will stocks continue to rise from this point? Steve Hochberg, chief market analyst at Elliott Wave International, shared his market outlook.
New U.S. claims for jobless aid fell to a 10-month low last week. What does this herald for stock markets? Art Cashin, director of floor operations for UBS Financial Services, offered CNBC his insights. Also: Cashin's take on hyperinflation and Treasurys.
Stocks opened higher Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors during a choppy week of trading.
After 10 years of research and development, Ford is unveiling inflatable seat belts....A potentially ground breaking innovation in safety aimed at better protecting people in the second and third rows of cars involved in accidents.
The major averages are coming off their second consecutive mixed sessions, with a late selloff Wednesday wiping out what had been strong gains.
As I sit through a lengthy explanation of how Sergio Marchionne plans to turn around a struggling Chrysler, one question keeps running through my mind: Do we think this plan will work?
The S&P closed higher on Tuesday after Warren Buffett stunned the Street and purchased Burlington Northern in what the billionaire investor called a bet on the U.S. economy.
If you want to get a sense of just how unclear the auto industry is about how much sales will rebound, ask the different sales chiefs at the automakers.
Ford Motors posted a surprise $1 billion quarterly profit on Monday and raised its 2011 outlook to "solidly profitable." Toyota and Nissan are also expected to report earnings this week in addition to auto sales data due Tuesday. David Silver, equity research analyst at Wall Street Strategies shared his industry outlook.
Reporters and editors are already calling Ford's third quarter earnings surprising. And yes, it is surprising when analysts are expecting a company to lose 12 cents a share, and it earns 26 cents/share. But make no mistake; the blue oval has been going from red (losing money) to black (making money) for some time.
If it's not clear to you yet, it should be. The green wave of incentives, tax breaks, and government grants is just starting to wash over auto companies and customers.
Depending on whom you ask, India's Reva Electric Car Company is either the next big thing in automobiles, or a maker of glorified golf carts.
Just a few weeks into her job as the head of sales at GM, Susan Docherty believes the automaker is building momentum. Wednesday morning Docherty updated reporters on what the company is seeing for October sales.
The latest Consumer Reports survey of people who have bought more than 1.4 million vehicles, is further proof of the gulf between Ford and its fellow Big 3 auto makers, GM and Chrysler. While Consumer Reports now lists Ford as being on par with Asian automakers, GM and Chrysler continue to struggle.
The White House will herald it as proof America's auto industry is changing. Leaders in Washington will say this is the blue print for taking the shrinking big 3 and putting their abandoned plants to good use. For all the "feel good" cheer surrounding the announcement a former GM plant in Delaware will be renovated to build high-end hybrid cars, keep the hype in check.
The Tokyo Motor Show is a case study in the electric car split. Some companies, like Nissan are trumpeting future EV models and talking about the coming age of electric vehicles.
Almost 7 months after President Obama decided to save both GM and Chrysler by sending them through bankruptcy, it's becoming clear just how close the White House came to letting Chrysler go under and how little the auto task force thought of GM.