Ford Motor President and CEO Alan Mulally made $17.9 million last year, about 1 percent more than the previous year, as the company struggled through the worst U.S. auto sales market in decades, the AP reported.
A company isn’t legit just because it’s publicly traded.
You thought the Dow’s new high for the year marked a peak? Think again, Cramer says.
Shares of Ford Motor surged to a five-year high Wednesday after a ratings agency upgraded the automaker's debt and said Ford has the potential to improve its finances even further.
Bailed-out auto company General Motors has a reasonable chance of being profitable this year, and it plans to repay its government loans as soon as possible, CFO Chris Liddell told CNBC Wednesday.
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Continental Airlines is ending free hamburgers, barbecue and sandwich rolls for many of its passengers in favor of a food-for-sale program that mirrors what other carriers are already doing.
Investigators with Toyota and the federal government were unable to make a Prius speed out of control as its owner did on a California highway, casting doubt about the driver's account.
Cathay Pacific told CNBC Friday it will not be participating in Air China's 6.5 billion yuan ($952.2 million) share issue.
A top government auto safety official tells Congress that his agency may need more authority to regulate the auto industry.
Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists.
The Baltic Dry Index, a leading economic indicator used by market insiders to gauge global demand for dry commodities, is up over 20 percent in the past month. While some critics have claimed that the index is an inaccurate measure, Omar Nokta, head of research for marine transport at Dahlman Rose, said it still remains reliable.
The driver of a Toyota Prius told police in suburban New York that her car accelerated on its own, then lurched down a driveway, across a road and into a stone wall.
Toyota said on Tuesday it would fix all Tundra pickups sold in the United States for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road.
Over one hundred body scanner machines bought with federal stimulus funds are due to arrive in American airports as soon as next week, with Boston's Logan Airport set to flip the switch on three new machines Monday.
The Obama administration may recommend all new cars are fitted with a "smart" brake overide system, U.S. Transportation Secretary Ray LaHood said Wednesday.
Several senators on the Commerce, Science and Transportation Committee, which held a hearing Tuesday to investigate Toyota's safety issues and recall, have connections to the Japanese automaker.
Baggage fees may be the cause of more grumbling among passengers, but airlines are trying to draw attention to other charges lurking in the fine print, says the New York Times.
For a company that so many people admire, it would certainly be ironic to see a scandal bring Toyota down. Toyota would then be studied not only for its history of success based on quality, but also as an object lesson on what happens to a brand when integrity is compromised.
Many in Congress and the aerospace industry think NASA is engaging in funny business when it comes to the future of space. The space agency this week is taking a lot of heat for farming out a lot of post-Shuttle work to smaller commercial contractors, so that NASA can focus on Mars. .