Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered sales guidance on slowing China demand.» Read More
Stocks opened higher Tuesday, clawing back some of what they lost Monday, when the Dow shed nearly 700 points.
U.S. stock index futures indicated a higher open for Wall Street on Tuesday after Monday's plunge and despite more bad news from the banking sector.
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Brace for the glimmerings of a comeback in confidence in 2009, if only because it can’t get much worse than this. So, look for a corporate smashup, a new look from Goldman Sachs, and, yes that's right, the next bubble.
The Dow climbed higher on Wednesday as hopes of a General Motors bailout helped investors shrug off data depicting a worsening global economic downturn.
From auto companies in the Midwest to Wall Street firms in New York, thousands of laid off workers will spend these holidays wondering where their next job will be. Blue collar or white collar, it doesn't matter. These people are hurting.
As Capitol Hill wrestles with a bailout of the Big Three Detroit automakers, CNBC decided to look into the Senate representation of the U.S. automotive manufacturing base. What follows is a state-by-state compilation of auto plants:
The next time you open your quarterly statement, you might feel a bit like a pro-hockey player, slightly bruised. So where should go to play when you're ready to lace up?
The Dow tumbled on Wednesday closing below the psychologically important 8,000 level for the first time since March 2003.
If Congress turns its back on the Big Three auto makers—as many expect—investors probably won't drive the stock market off a cliff.
"I don’t see what’s in the history of the automakers that leads anyone to believe that a $25 billion dollar loan isn’t just throwing good money after bad," says Karen Finerman. Agree?
If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.
As the mess in Detroit continues to get worse, and the Big Three automakers continue to lobby the government for a bailout, it's looking ever more likely that we could be talking about a Big Two before long.
An old friend of mine always used to say, "There's no such thing as a free lunch."
The Dow ended modestly lower with investors worried about the outlook from a raft of companies including General Motors and Goldman Sachs in this harsh environment.
Australia's government is to inject an extra $2.3 billion into the ailing car industry to offset tariff cuts and a global economic slowdown, Prime Minister Kevin Rudd said on Monday.
Stocks bounced back after a two-day selloff as traders shrugged off a bigger job loss than expected. It was a welcome reprieve after the bloodbath of the last two days but wasn't enough to dig out stocks completely and the Dow ended down 4 percent on the week.
Stocks bounced back after a two-day selloff as traders shrugged off a bigger job loss than expected. However, a larger-than-expected loss from General Motors clipped some of the Dow's gains as did the first press conference with President-Elect Barack Obama.
Stocks rebounded after a two-day selloff as traders shrugged off a bigger job loss than expected. The 240,000 drop in payrolls was a dismal indication of the economic situation but a lot of that was priced in during the selloff of the past two days, when the Dow lost 10 percent.
GM and Ford reported far deeper-than-expected quarterly losses as an extended slump in car sales raised questions about the future of the US auto industry