Some of the names on the move ahead of the open. » Read More
For as long as I've been covering GM, I've heard the same thing over and over, "We are cutting dealerships and will get down to a core group that will be more profitable." Rick Wagoner said it when he took as CEO in 2000. Fritz Henderson is saying it as CEO in 2009.
Don’t believe the hype that all you have to do is walk into a U.S. car dealership and they’ll practically pay you to walk out with the car.
It is increasingly clear GM's beleaguered Saturn brand will be orbiting around a foreign auto maker.
The comments are blunt. Some would say they are long overdue. But most importantly, they reflect the sobering reality facing Chrysler and it's workers. They've got two weeks to show they want to get a deal done with Fiat or they can roll the dice with bankruptcy.
A lot is riding on the success of the new electric car. Of course, there are a lot of obvious trades, but Guy Adami says only one can go the distance!
The video is dramatic. Especially if you've ever asked yourself how the smallest cars on the road would protect you in an accident. According to the latest head-to-head crash tests by the non-profit group Insurance Institute for Highway Safety, people riding in these "micro" cars would be at risk of a serious injury.
Get the latest plays from the Fast Money traders while the market is open. Guy Adami talks banks, Tim Seymour is watching the car companies and much, much, more!
You can hear them virtually everywhere. You can call them pessimists, but I prefer the term realists. They are people within GM, the Obama administration, the auto industry, and elsewhere who now see GM filing for bankruptcy as the best move for a company with few good options.
Shortly after the doors opened to press days at the New York Auto Show someone asked me, "Do these auto shows really serve a purpose anymore?"
Because of the money it borrowed nearly three years ago, Ford is in far better shape than its two crosstown rivals, GM and Chrysler. The loans have kept it independent and on a course to survive the worst new-vehicle market in nearly 30 years.
As I walk around the New York Auto Show and talk with executives from GM, Toyota, and Chrysler there is one question you hear over and over: Are buyers actually coming back into showrooms?
The first time you see the new PUMA (Personal Urban Mobility and Accessibility) 2 seat ride, you think to yourself, "well, that's pretty cool."
Ford rose 16 percent yesterday after reducing its debt by $10 billion and had plenty of options activity along the way.
The Dow closed in negative territory Monday, ending a four day winning streak.
Remember when Ford shares touched $1.01 a few months back and people were speculating about when the troubled automaker was "forced" into bankruptcy? Those days seem like a distant memory.
In the week since President Obama's Auto Task Force decided GM and Chrysler were not viable, much of the focus has been on the future of GM, who runs the company, and how the country can save its largest auto maker.
Shares of Mitsubishi Motors jumped to a three-month high on Friday after a newspaper said the automaker would double its annual production capacity target for electric cars in the business year to March 2012.
In a new threat to Detroit, China is investing heavily in hybrid and electric-vehicle technology.
March sales fell sharply for General Motors, Ford Motor and Chrysler, but not as much as industry analysts had feared for any of the companies. Sales of Japanese automobiles also fell, though less steeply than they did for U.S. automakers.
Eric writes, “Jeff, in the past you have liked Toyota. Are you even more bullish on them now given the latest GM news?