Mitsui & Co, a Japanese conglomerate with interests in a range of industries from logistics to finance, on Monday took a 58 percent stake in Singapore-based Car Club, Asia's pioneer car co-operative. Mitsui, which declined to say what it paid for the stake, plans to use Singapore as a springboard to expand its car sharing business around Asia.
Plus, Cramer makes a call on retail.
The estimate by General Motors Co. of bringing in $11 billion to $13 billion mid-cycle before taxes in the upcoming IPO is on-target, a former company vice chairman, Robert Lutz, told CNBC Wednesday.
Every time this company gets on a roll, it loses focus and ultimately loses a lot of money. To his credit, even Ford Chairman Bill Ford told me his company has a troubling tendency to lose its way.
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Glass-half-empty analysts are behind this run, Cramer said. Here’s why.
When a company has just come through bankruptcy (and some legitimate debate about whether it should stay in business) and it's not even back in the black, it may sound ludicrous to say it's charging to profitability.
Trucks outsold cars by the highest margin in nearly five years in October, a sign the economy may be starting to improve.
Spurred by fears of the eventual demise of gasoline engines, Japan's car manufacturers and parts makers are joining forces to prepare for the future. The NYT reports.
Yes, and here’s why.
Click to see the most collectible vintage Fords ever made, compiled exclusively for CNBC.com by MotorTrend magazine's Executive Editor Matt Stone.
The monthly sales reported for the major auto makers (the smaller companies reported their numbers Tuesday) show stronger than expected sales, and the best month for the industry since Cash for Clunkers in the summer of '09.
Ford beat expectations as GM and Chrysler both handily beat estimates for the month of October, putting some life back into the troubled auto industry, even as Toyota falters.
Whenever neighbors, friends, and those outside the auto industry ask me about the turnaround at Ford, I'm struck by how many say something along the lines of, "I know what Ford is all about." That may sound like a trite comment, but to me it says a lot about Ford's marketing.
Interviews with G.M. and federal officials show decisions by the government have played a pivotal role in shaping the automaker’s leadership, its business strategies, and now its initial stock offering. The New York Times reports.
October auto sales are projected to hit a pace of 12 million vehicles, a new monthly high for 2010, according to George Pipas sales analyst with the Ford Motor Company.
As GM prepares for its IPO road show, I consistently hear people asking the question, should individual investors buy this stock?
General Motors will look to sell just over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that would shift the U.S. government to a minority shareholder in the top U.S. automaker, people familiar with the matter said.
Here's why you should keep a close eye on these six stocks.
The cost of tires, gloves and condoms is set to rise following a 65 per cent jump in the price of natural rubber in the past year, reports the Financial Times.