The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.» Read More
General Motors Corp. and bankrupt auto parts maker Delphi Corp. are near a deal with the United Auto Workers union that would provide a cash payout to Delphi workers in exchange for lower hourly wages, the Detroit News reported.
Toyota Motor edged past General Motors Corp. to become the world's biggest automaker by sales volume in 2006, leading industry paper Automotive News said.
A decade after the first Prius went on sale, Toyota's global sales of hybrid vehicles have hit a landmark 1 million, underlining the Japanese automaker's lead in "green" technology that has changed the face of the auto industry.
Toyota Motor said sales in China jumped 87% in May, driven by the popular Camry sedan, and it was discussing a second car factory with Guangzhou Automobile in anticipation of continued strong growth in demand.
Ford supplanted Toyota as the leader of the pack in initial quality rankings, taking the top spot in five of 19 segments in the 2007 survey by J.D. Power and Associates, released Wednesday.
As long as I've been writing this blog I have received my fair share of insults ("Moron" is, by far, still my favorite) and complaints ("Phil, you just hate the big 3"). But more than anything else, the number one comment I hear from people is that Toyota has duped me and America into believing it's cars and trucks are better than others. These comments typically end with a variation of the line, "I hope you are happy driving your Lexus."
Online auctioneer eBay. said Tuesday it is ready to begin auctioning advertising airtime on 2,300 participating U.S. radio stations, expanding on an existing plan to sell cable television ads.
Toyota Motor said U.S. auto sales rose 9.7% last month, pushing its sales above both Ford Motor and Chrysler. Ford sales fell in May, while GM and Chrysler sales rose.
If you're among those who think the Detroit "Big Three" are a lost cause that, despite improving quality and efficiency, are simply in a long, slow slide that shows no sign of ending, listen up. The latest study on the efficiency from Harbour Consulting shows the Big Three are closing the gap with Asian competitors. Want more?
DivX, General Maritime, American Eagle and more...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.
If history is any indication, Cerberus Capital will be slashing Chrysler down in size, making this Japanese automaker the last large car company left in America. He thinks it’s the only play worth considering in the sector. 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.
Stocks ended mixed on Monday as the latest batch of merger news failed to spark excitement among investors ahead of the release of key economic data. "The market has somewhat become like Pavlov's dog, waiting for some blockbuster merger deals to be announced," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
Stocks sold off across the board, and the Dow fell almost 150 points, after mixed economic data prompted investors to book gains. "A day like today was inevitable," said Michael Cuggino of Permanent Portfolio Funds. "I would caution investors not to get overly concerned based on today's (economic) statistics."
United Technologies, GM and Akamai - all before the buzzer sounds.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.
Toyota posted a stronger-than-expected 8.9% rise in quarterly net profit on buoyant sales in Western markets, and forecast modest growth this year as it adds production capacity all over the world.
Asia closes the curtain on five days of sleepy, holiday trading and the week ahead is an outpour of earnings results mixed with key economic data that will push Asian investors back into full alert mode.
General Motors said its first-quarter earnings slumped and revenue fell from the same quarter last year. The $305 million overall loss at finance arm GMAC "pretty much accounts for any difference in (earnings expectations)," GM Chairman and CEO Rick Wagoner told CNBC's Phil LeBeau.
General Motors, Ford Motor and DaimlerChrysler's Chrysler Group all reported April sales that beat expectations, defying predictions that the poor housing market and high gas prices would drag automobile sales sharply lower.
The Dow ripped through the 13,000 level to close with a 135-point gain spurred by strong earnings reports and positive news from Alcoa. "The momentum in the equities market is looking really good," said Alec Young, market strategist at S&P. "We were expecting earnings growth of about 3% and we've seen double that."