CNBC’s Akiko Fujita with the latest on the G7 Summit wrapping up in Japan. » Read More
Remember when Ford CEO Alan Mulally took over the top job at the auto maker and boldly pronounced, "We will win with great cars!"? I do. I remember thinking, "Well, this will be interesting to see if Ford can truly become competitive in cars."
Tonight Show host Jay Leno knows that. Which is one reason he is bringing "Jay's Comedy Stimulus Plan" to Detroit on April 7th and giving away tickets to anyone who says they are unemployed.
This afternoon, the UAW members at Ford overwhelmingly voted in favor of changing their contract with the auto maker.
When President Obama's Auto Task Force rolls into Detroit Monday it will spark another round of stories and speculation about when the Treasury Department will decide the fate of GM, and Chrysler. Don't hold your breath.
Shares of GM have been getting hammered due to growing speculation the beleaguered auto maker is edging closer to filing for bankruptcy.
Japan and Januvia. No, it's not a country—not even a fictional one—even though it sounds like "Genovia" in "The Princess Diaries." It's a diabetes drug from Merck.
After General Motors issued its 10K report yesterday casting doubt on whether it can survive, there have been plenty of questions about why GM doesn't just go into bankruptcy.
Central banks' efforts to introduce measures such as buying various assets and printing money as they bring their interest rates to zero will not work in countries with too high levels of debt, Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC.
Admit it. When you see the headlines of GM warning it could be forced into chapter 7 bankruptcy and liquidate, you likely have two reactions. First, you say "Duh! These guys have been hanging on by a thread, of course they could go under."
After years of getting into the habit of buying or leasing a new car every 3 or 4 years, or even going one step further and buying a third car for a house with only two drivers, Americans are pulling back.
February auto sales are shaping up to be as weak, if not weaker, than the poor results posted in January.
Ford's February auto sales fell a whopping 48.4%, which will re-enforce fears the the economy continues to stumble.
This may be the best time to get the deal you want on a new car or truck. In fact, if you can stomach the idea of taking on an auto loan in this economy, dealers will bend over backwards to get you in the new ride you want.
Stocks spent the last day of the week in the red Friday, dragged lower by nagging fears about the global economy and financial system. Experts tell CNBC that the dollar and bonds show short-term opportunities during the market volatility.
The yen tumbled to a three-month low against the dollar on Thursday. What's the trade?
As expected, General Motors posted horrendous 4th quarter numbers this morning with the company losing $9.6 Billion. For all of 2008 GM lost $30.9 Billion making it one of the worst years ever for the auto maker.
European stocks rose Thursday on the back of the UK government's announcement that it would be launching a scheme which could end up insuring more than $712 billion worth of toxic assets in a bid to get lending flowing again.
Tuesday afternoon Ford took another huge step in showing it's committed to cutting costs and "sharing the pain".
Global stocks rose Wednesday after Wall Street's overnight rally spurred by Federal Reserve Chairman Ben Bernanke's reassuring comments on the financial industry. Bernanke said the government did not have plans to nationalize major banks at this stage.
Remember when Barack Obama was campaigning for President and he went to Detroit with a very unpopular message in Motown? In essence he told an audience filled with auto execs it was time for them to start building fuel efficient vehicles, hybrids, and models that would lead Detroit out of its money losing ways.