General Motors today unveiled a mini-car prototype, while Ford discussed a plug-in hybrid vehicle it is developing at the New York Auto Show.
General Motors, Ford and DaimlerChrysler reported declines in March U.S. sales, fulfilling analysts' expectations that the Big Three U.S. automakers would all see a drop from the same month last year. Meanwhile, sales at Toyota rose, though less than expected.
Arcelor Mittal and Nippon Steel have agreed to boost automotive sheet capacity at theirequally-owned joint venture in the U.S., the Nikkei business daily reported on Monday.
For the first time since 2003, General Motors is giving bonuses in the form of stock to Chairman and Chief Executive Rick Wagoner and other top executives.
Stocks closed higher across the board as investors awaited tomorrow's Fed announcement about interest rates. "Right now the market is pricing in an almost 75% probability that we're on hold for the rest of the year," Stan Jones, managing director at Dutch Book Partners, told CNBC. "That's a big change from where we were two weeks ago."
Cramer’s calling BS on the Street. Caterpillar at $63 and change is wrong. It’s a gross injustice – a travesty of a mockery of a sham – and he plans to do something about it.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The world's largest automaker said its obligation for post-retirement health care and other benefits was $68 billion at the end of last year and could grow on a global basis.
Should I be a pig with Dynegy? Do "airline" and "buy" belong in the same sentence? How do I play the "new" market? Cramer answers viewer questions.
Stocks closed moderately lower, but well off session lows as investors went bargain hunting. "The market is trying to settle in at some level," says Barry Hyman, Equity Market Strategist at EKN Financial Services. "There is a perception of change and there's a lot of nervous money still out here. "
General Motors said on Thursday that its U.S. sales rose 3.4% in February, with an 11% increase in retail sales offsetting a reduction in fleet sales to daily rental companies. GM's Japanese rival Toyota Motor, meanwhile, reported a 12.2% sales spike for the month.
As we wait for the February auto sales and word of whether or not foreign automakers will pass 50% market share in the U.S. for the first time ever, there's another number to watch. It's retail auto sales.
Ever since I've started this blog, I've heard from a number of readers who think I'm biased in favor of Toyota. Well, if you are one of those people, you are not going to like today's post. Later today, Toyota will announce plans to build it's 8th North American final assembly plant. It will be located just outside Tupelo, Mississippi and should open in early 2010.
Today at the Chicago Economic Club, Jim Press, the highest ranking American member of Toyota's executive corps caused a bit of stir, when he said the Japanese automaker would like to cut labor costs without cutting wages. Though vague, the comment has investors wondering if Toyota is talking tough on labor -- and if this is a sign of problems for the folks that make the Camry.
As U.S. automakers have struggled over the past years, they have always been able to hang on to one last profitable stronghold – the large pickup truck market. But that fortress is about to be stormed by Toyota as its redesigned Tundra pickup hits the showrooms this week.
Toyota Motor posted a near-20% rise in quarterly profit on Tuesday on brisk sales in North America and Europe, but kept its full-year forecasts unchanged -- though still on course for an eighth straight year of record earnings.