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General Motors and Ford reported sharp falls in U.S. auto sales in May, with sales of trucks hit especially hard as consumers shied away from automobiles with low gas mileage. Toyota Motor, meanwhile, reported a smaller decline.
Tomorrow Discovery launches Planet Green, replacing its home network with the first 24/7 network dedicated to environmentally-friendly programming. The new buzz word is "eco-tainment" and the company that gave us the highly-rated "Planet Earth" series is betting it'll be in high demand.
Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials. The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.
General Motors, facing a sinking US market for gas-guzzling trucks and SUVs, said it will take dramatic steps to shift its focus to smaller vehicles.
General Motors, facing a sinking U.S. market for trucks and SUVs, is expected to unveil steps on Tuesday to conserve cash and cut production of slower-selling models in a bid to shore up a faltering restructuring now in its third year, according to analysts.
Stocks closed lower Monday, snapping last week's rally, amid a fresh wave of financial worries and inflation concerns. General Motors rose.
Stocks declined amid concerns about inflation following a manufacturing report and a fresh wave of concerns in the financial sector.
Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.
In the last 10 years, the Big 3 have struggled to come up with sedans to beat the Camry, Corolla, Civic and Altima. In fact, if you look at the top 10 best selling cars right now, only 4 are American models: The Ford Focus, Chevy Cobalt, Malibu and Impala.
It's not often that an e-mail makes me stop and say "Hmmmmm. Do a lot of people feel the same way?" But, this one from Nathan did just that.
It's MINI that may be best positioned right now. WIth sales up 29.9% this year, The MINI Cooper and Clubman are compact cars with the unique combination of style and fuel efficiency in a tight little package.
Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.
In hybrids, Honda has announced that early next year it will roll out a lighter, more affordable 5 door hatchback that will look similar to the hydrogen fuel cell FCX Clarity model. The plan: annual sales 200,000 worldwide, including a 100,000 here in the U.S.
Here's one for those of you who think auto manufacturers should be trying to build cars that get 100 mpg (and yes, there are a lot of you out there based on the e-mails I get from you). Tata Motors is the first mass-market automaker to enter the automotive X Prize competition...
We have all had some miserable customer service experiences and as we sit on hold or try to navigate through yet another voice response system, we wonder how can these companies get away with this. In fact, a 2006 Harris Interactive Poll showed 40% of us would rather go to the dentist than deal with poor customer service. My most recent mind numbing experience with my phone company, Verizon, made me wonder if there is a way to translate this into investing opportunities. Here is what I found...
Nissan Motor posted a 13.7% drop in fourth quarter operating profit on Tuesday and forecast a sharp fall in annual profits this year due to a weaker dollar, rising commodities prices and sinking U.S. demand.
Here's one to make you scratch your head and say, "what the heck is going on here?" I suspected that higher gas prices have probably kept demand and prices up for hybrids, so I asked the folks at J.D. Power's Power Information Network and Kelley Blue Book to run the numbers.
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
Stocks bounced back Thursday following a sharp drop in jobless claims and better-than-expected monthly sales from Wal-Mart.
As expected, the ECB and the Bank of England left interest rates unchanged; the ECB at 4.0 percent. Futures dipped a bit at 8:50 am ET as Mr. Trichet began talking, giving his usual speech on the importance of combating inflation.