Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered sales guidance on slowing China demand.» Read More
I get the same question every year at the Detroit Auto Show: What was your favorite new car? My answer is almost always a model with an aggressive design and often it's a concept. This year, the Cadillac Converj stole my heart.
New cars are front and center at this year’s Detroit Auto Show. But one car in particular is generating some real buzz.
At an auto show that lacks "buzz", there are a couple of battles taking shape. Both of them could have major implications as to what we will be driving for years to come.
Tanking sales and gloom hang over Detroit as its annual auto show begins this week. Maybe the worst is behind it, as GM and Ford are up 26% and 15% YTD respectively.
Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
Calvin & Hobbes, like "Peanuts" or "The Simpsons" or "I Love Lucy", has a certain timelessness. Fifteen years later, a particular C&H classic is making the rounds on the internet.
Stocks made gains on Tuesday after the release of minutes from the last Fed policy meeting suggested a stimulus package would become an even greater priority.
Stocks ended a topsy-turvy session higher as investors juggled a profit warning from Bank of America and some dismal economic news with optimism over the Obama stimulus plan.
Stocks were on their way back up again as investors shrugged of some disappointing economic data and kept an optimistic outlook about President-elect Obama's economic-stimulus plan.
Stocks pared their gains Tuesday after a reports showed pending-home sales and factory orders declined, while a measure of the service sector unexpectedly improved.
Tatsuya Mizuno, director of corporates at Fitch Ratings, predicts that the global automobile industry will remain weak for another two to three years. But he sees one somewhat bright spot amid the sector gloom.
That we didn't see it is a good sign. This is what is called a "consolidation phase," and while it does not guarantee the rally will continue, it is an encouraging sign.
Stocks were poised to rebound slightly Tuesday, as investors waited for some more data on the broader economy due shortly after the start of trading.
The S&P fell on Monday with investors taking profits after last week's run-up; also concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.
Toyota is is reportedly developing a vehicle that will be powered solely by solar energy in an effort to turn around its struggling business with a futuristic ecological car.
The midsize Fusion Hybrid is Ford’s strongest effort yet to break the dominance of Japanese automakers in hybrid passenger cars.
The Dow climbed on Tuesday after the government expanded its bailout of the auto industry...
General Motors up 10 percent pre-open as GMAC clears a major hurdle: They say they have raised enough capital to satisfy the Fed's condition to become a bank-holding company. This appears to be a new program operating within the TARP — so we now have a program specifically designed to invest in auto companies.
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