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.
Friday, 9 May 2008 | Source: Reuters
Billionaire investor Kirk Kerkorian made the cash tender offer for 1 percent of Ford Motor shares as "an attractive investment" and not with an intent to influence the business, his investment vehicle said Friday in a federal regulatory filing.
Friday, 9 May 2008 | Source: Reuters
Hyundai Motor, the world's sixth-largest automaker, said on Friday it had shelved plans to produce a pickup truck in the United States amid concerns surging oil prices will hit demand for gas-guzzling vehicles.
Thursday, 8 May 2008 | Source: Reuters
Ford Motor Chief Executive Alan Mulally said Thursday the automaker has seen a number of signs that its turnaround is gaining traction in the face of challenging North American conditions.
Thursday, 8 May 2008 | Source: Reuters
Toyota Motor posted a 28% fall in quarterly net profit on Thursday, hit by a stronger yen and finance-related losses, and forecast its first annual profit drop in seven years as the U.S. auto market slows.
Wednesday, 7 May 2008 | Source: Reuters
Honda Motor will boost its annual output capacity in China by about 20 percent to 650,000 vehicles, aiming for a larger share of the fast-growing market, the Nikkei business daily said on
Thursday.
Wednesday, 7 May 2008 | Source: CNBC.com
Car companies, oil and gas companies have vowed to clean-up the air. But an Israeli investor is actually doing something.
Monday, 5 May 2008 | Source: Reuters
General Motors workers at a Kansas assembly plant making the hot-selling Chevrolet Malibu went on strike as of Monday morning, an official at United Auto Workers union Local 31 said.
Friday, 2 May 2008 | Source: The Associated Press
A top aide to billionaire investor Kirk Kerkorian says Ford Motor should sell its Volvo and Mercury brands.
Thursday, 1 May 2008 | Source: CNBC.com
Major automakers reported lower April sales across the board as record-setting gas prices stemmed vehicle purchases, with truck sales seeing especially steep falls.
Thursday, 1 May 2008 | Source: Reuters
The destruction of the orange sedan with its slapdash paintwork may have been intentional but it was far from wanton.
Wednesday, 30 Apr 2008 | Source: CNBC.com
Stocks finished slightly lower Wednesday as another rate cut and no indication from the Federal Reserve that it plans to stop anytime soon killed an earlier rally.
Wednesday, 30 Apr 2008 | Source: CNBC.com
Stocks advanced Wednesday after a slightly better-than-expected report on economic growth. General Motors shares jumped after the auto maker posted a smaller-than-expected loss.
Wednesday, 30 Apr 2008 | Source: CNBC.com
Stocks advanced Wednesday after a slightly better-than-expected report on economic growth. General Motors shares jumped after the auto maker posted a smaller-than-expected loss.
Wednesday, 30 Apr 2008 | Source: CNBC.com
General Motors posted better-than-expected results on strong overseas sales, despite a costly supplier strike, waning demand for its most profitable vehicles and charges related to struggling former subsidiaries.