Right now, you might be saying to yourself, "Who is Dan Akerson? What does he know about running a car company?" Fair questions. But they may not be the most important question to ask following his selection to become the new CEO, and ultimately chairman, of General Motors.
If you thought the Federal Governments investigation of unintended acceleration in Toyota vehicles would turn up any unusual revelations, think again.
Several newsworthy events, recently, represent the dots that the oil market may begin to connect to produce a significant event driven price spike in prices - potentially driving crude oil prices upwards of $200 per barrel.
With money managers increasingly pessimistic about the prospects for global economic growth, more are looking for emerging markets in Asia to outperform.
When I sat down to talk with President Barack Obama at the Ford plant on the south side of Chicago, I knew he would tell me the auto industry is in far better shape because his administration stepped in last year to save GM and Chrysler.
Deflation in the United States threatens economies across the globe, particularly Europe and Japan, John Makin, chief economist at Caxton Associates, told CNBC on Wednesday.
Between the data that came out on July auto sales on Tuesday and the Toyota quarterly earnings report early this morning, there is a growing perception Toyota has weathered the worst when it comes to recalling millions of vehicles worldwide.
Every year we get the list of most targeted cars and trucks by thieves and every year it seems to be the same story. If you're driving a pint size car, don't worry...By comparison, it's those of you styling behind a Cadillac Escalade who need to realize your Luxury SUV has a target on it. And those of you with a pick-up are in a similar spot.
Now that Ford has officially completed the sales of its Volvo subsidiary to China based Geely Automotive, the world will be watching to see what happens with the famed Swedish brand. Relax Volvo fans.
We think there are meaningful differences between the US today and Japan during the '90s. High on our list is the difference in wages. A straight forward construct of inflation reveals employee earnings are a primary driver. During the early part of the 1990s wages in Japan were averaging around 2.0%.
Allowing the Bush tax cuts to expire would be a mistake with the economy trying to grow, James Bullard, president of the Federal Reserve Bank of St. Louis, told CNBC Friday.
As soon GM announced the price of the new Chevy Volt at $41,000, I could here skeptics scoff and say, "Are you kidding me? Who will pay that for an electric car?"
Given how well things have been going for Ford, it would be easy to say the new Explorer SUV will do well simply because Ford is the hot brand right now.
Overshadowed by all the hoopla surrounding Ford posting much better than expected earnings ($.68 a share vs. Street expectation of $.40) is the story of why Ford is knocking the cover off the ball.
When Volkswagen CEO Martin Winterkorn announced earlier this week that VW plans to become a major player in the promising electric car market, I thought to myself, "Let's see which VW will stand behind this commitment."
Whether or not you agree with this conclusion, make no mistake GM and Chrysler did need to be restructured. If they weren't, one or both would have gone away for good or wound up broken into pieces.
President Obama travels to Holland, Michigan today to discuss the economy and hail the development of the electric car industry. His appearance at the groundbreaking of an LG Chem battery plant will include mentioning the hiring of 300 employees.
Counterfeiters have created an international, multi-billion-dollar industry by making cheap imitations of designer goods and selling them for a fraction of the price.
Were you surprised to hear the initial investigation into reports of Toyota cars and trucks suddenly accelerating were likely more a case of driver error? You shouldn't have been. The results echo what most in the auto industry, even those who are extremely critical of Toyota, have said for some time.
Asian stock markets were mostly lower on Tuesday, as the Shanghai Composite Index's sharp slide weighed on sentiment but the declines were capped by Alcoa's stronger-than-expected quarterly profit reported after the close of U.S. trade.