Japan aims a lot of firepower at keeping its currency weak, but a stronger yen might be just what it really needs, said Saxo Bank's CIO Steen Jakobsen. » Read More
For the first time ever, the J.D. Power Initial Quality Study has found America's automakers build new models with fewer problems than their foreign competitors.
Asian stock markets traded rangebound on Thursday, after major indices on Wall Street ended mostly flat on mixed economic data and a disappointing outlook from FedEx.
Asian stocks jumped on Wednesday, after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis.
Despite a woeful track record in the U.S. In the last ten years, they haven't given up on winning over Americans. In fact, the folks at VW believe they can eventually sell a million vehicles here in the U.S. It's an ambitious goal for a company that sold roughly 300,000 (including it's luxury line Audi) here last year.
Asian stocks were rangebound in cautious trade on Tuesday, following Moody's downgrade of Greece's debt to junk status.
They're all increasing production. Building more cars and trucks, gearing up for what we've been told to expect: a steady increase in auto sales. But increasingly, there are indications we may not see a summer surge.
Asian stocks rose to a one-month high on Monday, led by a rally in the technology sector, after semiconductor chipmakers last week gave positive news about demand, helping Wall Street recover early losses on Friday.
An ad placed in Japanese magazines by the Ministry of Finance shows that sometimes truth is stranger than fiction.
Asian stocks jumped on Friday, following a rally on Wall Street which saw all three major indices gaining nearly 3 percent.
Asian shares climbed on Thursday, with Tokyo and Taipei up over 1 percent, as better-than-expected Chinese exports added to optimism that the global economic recovery is on track.
Asian stocks ended mixed Wednesday, with Tokyo down 1 percent but Shanghai posting strong gains, after Wall Street finished mixed in choppy trading.
On the surface, the massive number of models recalled and the threat of vehicle fires has people asking, "Are GM and Chrysler now going down the same path as Toyota earlier this year?"
Most Asian stock indexes were on positive ground, led by Australia's 1.2 percent rise, as traders paused in their selloff of risky assets ahead of Chinese economic data and a European Central Bank meeting later in the week.
You'd think by now the message would be clear: Ed Whitacre Jr. is not going to stop making changes. Once again, he shook up the management at the automaker. And once again, people are asking why Whitacre keeps moving executives around—and whether or not he knows what he's doing.
There are ten key factors facing the economic recovery which investors need to be cautious of, Jim O'Neill, head of global economic research at Goldman Sach, wrote in a research note Sunday.
Asian stock markets tumbled on Monday, after Wall Street on Friday closed at its lowest level since February, spooked by disappointing U.S. jobs data and concerns over Hungary's debt problems.
There has long been a belief in the auto industry that as pick-up truck sales go, so goes the broader economy. After all, as business and spending picks up, the folks who drive pickups (contractors, builders, small business operators) are likely to buys a new work truck. And for the most part, the historical evidence points to truck sales and housing starts trending up or down together.
Asian stock markets traded mixed on Friday, amid caution ahead of the U.S. jobs report, which is expected to show the economy gained 513,000 jobs in May, adding to a string of recent positive economic data.
As brand deaths go, the demise of Mercury is being met with a collective shrug of the shoulders. Aside from the 276 Lincoln/Mercury dealers who are losing half their sales, few others will care that Mercury is leaving the Ford orbit.
Asian stocks rose for the first time in three days on Thursday as U.S. housing data fueled optimism about the world's largest economy, while the yen was pressured by expectations that Japan's new political leaders will favor a weaker currency.