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.
Futures suggested stock would retreat Tuesday after a milestone session on Monday that sent the S&P over 1,000 for the first time since November.
Ford Motor's sales growth outpaced its rivals from the U.S. and Japan in July, rising 2.3 percent to give the automaker its first year-over-year monthly sales increase since November 2007, thanks in part to the U.S. government "Cash for Clunkers" program.
Ford Motor gapped up to a 15-month high Monday morning, following bullish options activity last week.
Credit Cash for Clunkers with giving Ford the boost needed to post its first positive monthly sales in 2 years.
The bulls only nudged the Dow slightly higher on Friday, but the move was enough for the blue chip index to record its best gain for July since 1989!
Options action was bullish on Ford Motor today as investors bet that the automaker would rally at least 6 percent in the next four weeks.
When I first heard the $1 Billion set aside by the Federal government for the "Cash for Clunkers" program was about to run out, I chuckled and thought, "well that didn't take long." It also has brought up a question as to whether or not the quick evaporation of money means the public is ready to buy cars and trucks again, or if this is a one time "flash point" of demand sparked by Federal money. My gut says it's the latter.