Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered sales guidance on slowing China demand.» Read More
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.
Shares of GM have been getting hammered due to growing speculation the beleaguered auto maker is edging closer to filing for bankruptcy.
How confident is Ford that its re-designed Fusion will be able to beat the Toyota Camry head to head? Very.
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Sony sent a message of change Friday in centering power in Chief Executive Howard Stringer, who will also become president and gain greater say over its core electronics business as Japan's iconic electronics maker tackles a painful global slump.
The Dow and S&P slumped to 11-year lows on Monday as investors lost faith that the U.S. government will be able to stabilize the financial system.
The futures are indicating a modest oversold bounce this morning. This comes after the Dow set another 6-year low on Friday and finished the week with its worst week since October.
It may seem like the country that used to make everything is on the brink of making nothing.
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Stocks fell sharply in the final minutes of trading as investors continued to pound bank stocks. All three major indexes were trapped in a yo-yo pattern today, pulled by gains in techs and losses in banks.
The third most popular topic of discussion these days — after layoffs, of course, and unscrupulous money managers that create near-worthless portfolios for their investors — is out-of-control executive compensation.
Stocks opened slightly lower Friday, led by banks after British bank Lloyds posted a bigger-than-expected losses.
When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.
Harriet wants to know, “since consumer discretionary is historically one of the earlier sectors to turn after a recession when should investors start getting long?”
The idea that a lack of credit is keeping a large percentage of people from buying a new or used car is one of the more ridiculous assumptions still swirling around the auto industry. If you are looking to buy, there's plenty of credit available and frankly, it is a buyer's market.
From The Chicago Auto Show, Don Esmond of Toyota North America.
Stocks rallied Friday as traders shrugged off a huge drop in payrolls and banks soared. The Dow gained more than 200 points, or 2.7 percent. The S&P and Nasdaq gained nearly 3 percent each.
Stocks opened higher as traders shrugged off a huge drop in payrolls and banks soared.
Yes, even the seemingly bullet proof auto makers have stalled. This morning, Toyota reported abysmal third quarter results and warned that it's heading toward its first annual loss since 1950.