Asian bourses largely rose amid thin post-Christmas trading, as markets in Australia, Hong Kong, Indonesia and the Philippines remain shut.» Read More
Fast Money now – the plays you need while the market is still open
Toyota Motor sees an opportunity to increase sales through vehicle leasing as U.S. automakers pull back, Toyota U.S. sales chief said on Wednesday.
Toyota Motor is considering exporting U.S.-made trucks including its full-size Tundra after scaling back its sales expectations for the U.S. market under pressure from record fuel prices and a slumping housing market.
Toyota Motor is set to raise prices of hybrid cars and commercial vehicles by 1% to 3% in Japan as costs for steel and other materials soar, the Nikkei business daily reported on Monday.
When Toyota reported a drop in fiscal first quarter profits of 28%, it immediately sparked a slew of e-mails from those of you who think I "favor" the Japanese automaker. In general the comments say, "Take that Toyota Phil, even your beloved auto company is hurting."
How deep is the consumer's funk? Thursday's markets will be watching for clues to that trend when chain stores report their July sales.
The Dow closed lower on Friday after General Motors reported hefty losses and new data showed U.S. employers cut jobs for the seventh straight month.
When we decide to make the switch away from dirty, environmentally unfriendly oil, these companies will help make it happen.
Stocks started the month off with a decline as a rise in oil and larger than expected loss from General Motors rekindled worries about the economy.
Lots of volatility, but major indices flat for the week: Dow down 0.4 percent, S&P up 0.2 percent, NASDAQ flat.
The stocks are showing only modest reaction to poor sales. Bulls will cite this as evidence that even a GM (down 5 percent, modest compared to its awful report) may be bottoming; bears say the outlook is so cloudy this could get even worse for them.
Forget capitulation -- it's time to buy equities! Arthur Cashin of UBS offers CNBC a sample of what traders are saying -- straight from the trading floor.
U.S. auto sales tumbled in July, reflecting a deepening downturn in the industry, with tight credit and weak consumer confidence driving General Motors, Ford Motor and Toyota Motor to post double-digit declines.
We knew GM's second quarter earnings would be ugly, but I'm not sure many people expected this kind of number. Certainly Wall Street didn't since the estimate was for GM to lose $1.489 Billion. Turns out Gm's loss was 4 times worse: $6.3 Billion.
Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years.
With GM on the verge of soon exporting Buick Enclaves to China, I'm reminded of the people who e-mail me on a regular basis about "China sucking the life out of the American automakers." That's a paraphrase, but you get the point.
Plus, why we need to get rid of the ethanol mandate – now.
The signs are not good. From Chrysler's decision to stop leasing cars, to its recent decisions to cut staff and close plants, to its lack of major new product announcements, there is little of late inspiring confidence that this company can stage a comeback...
General Motors trailed Japanese rival Toyota Motor in global vehicle sales decisively through the second quarter and first half of the year, hurt by a large decline in North America.
Toyota Motor may cut its 2008 global vehicle sales target by as much as 350,000 units to about 9.5 million because of declining sales in the United States, Japan and Europe, according to news reports.