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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.
A year ago, who would have thought GM would be where it is today? A year ago, as then GM CEO Fritz Henderson walked into bankruptcy court, who thought GM would be profitable, and still #1 in the U.S. in the middle of 2010? A year ago, who figured the people guiding GM would be a former analyst on Wall Street and the former CFO of Microsoft?
Deutsche Securities said on Tuesday that it had placed an erroneous order in Nikkei stock futures shortly and Nikkei 225 mini futures after the opening due to a systems problem within the company.
Asian markets ended the Monday session mixed with Tokyo and Seoul shrugging off a downgrade of Spain's credit rating while China shares booked sharp losses, hit by concerns over further tightening measures.
Remember when Ford CEO Alan Mulally took the top job at America's number two automaker in 2006? Four years later, Mulally is delivering better results than many ever expected, and he's transformed Ford into a company that looks (and runs) a lot like Toyota in the late 90's.
Asian stocks surged out of the gates on Friday, after China's denial that it was reviewing its euro bond holdings prompted an impressive rally on Wall Street where the Dow jumped nearly 3 percent to close back over the 10,000 mark.
Today in Washington, a group of lawmakers will roll out their plan to get the Department of Energy to spend billions of dollars nurturing the electric vehicle market.
Asian equities were firmly higher on Thursday afteroon, as bargain hunting helped to pull indexes out of early losses. Markets also rebounded after a Chinese government response to a report that China was reviewing its euro zone bond holdings, helped to calm nerves.
Considering Alcoa is largely unloved by the Street why did Macquarie boost the company's rating to outperform?
Today in Smyrna, Tennessee, Nissan CEO Carlos Ghosn will be on hand for the start of production for the battery packs that will power the Leaf.
Asian stock markets staged a rebound on Wednesday, after Wall Street made a comeback from earlier session lows, helping U.S. indices end mostly flat after first falling more than 3 percent on growing questions about the stability of the European banking system.
Ask Ford President of the Americas Mark Fields if he expects strong sales in the month of May, and you get an interesting response. Yes, he expects double-digit industry growth and Ford should have a relatively strong month, but his interest has already shifted to June.
Asian stock markets tumbled on Tuesday, as worries that the euro zone's troubles might spread kept investors wary about holding riskier assets.
It's not every day one of the Big 3 decides to take work it contracted to a foreign supplier and bring it in house back in Detroit.
The Japanese government should do away with bureaucratic form filling and simply issue its army of administrators Visa cards to buy everything from pens to airplane parts, an executive from the credit card giant told the Nikkei.
Most Asian indexes rose, as the Chinese market's strong performance offered support to its peers in the region but investors continued to keep a wary eye on the debt problems in the euro zone.
As Chrysler CEO Sergio Marchionne unveiled the new Jeep Grand Cherokee he flashed a smile that said just how far the troubled automaker has come in the last year.