Stocks eked out a gain Thursday, led by technology and consumer staples, after struggling all day as data on regional factory activity and jobless claims underscored worries about the pace of the economic recovery.
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.
Cramer makes the call on viewers' favorite stocks.
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.
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.
Looking for a good chuckle? Read the New York Times article from today outlining how GM sent a memo to employees suggesting they stop saying Chevy when referring to Chevrolet.
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?"
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.
With May auto sales ticking higher Brian Kelly of Kanundrum suggests a bullish play in the space. And it's not Ford or Toyota! Think you know what it is?
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.
It's no secret that the major auto companies knocked it out of the park with their May sales. But dig a little deeper into the numbers, and you can find some even better signs of strength for certain areas of the economy.
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.
Stocks logged their third best day of the year Wednesday, led by energy and financials, as investors grabbed bargain shares beaten down in the prior session's selloff. A report showing pending-home sales hit a six-month high gave the market an extra boost.
A day after the US Coast Guard revealed that the sinking of an oil rig licensed by BP was leaking 1,000 barrels of crude oil a day into the Gulf of Mexico, the Chicago Cubs and the Chicago White Sox announced that their interleague games would be sponsored by the oil company in what would be called the “BP Crosstown Classic.”
Stocks remained higher Wednesday, led by energy and financials, as investors grabbed bargain shares beaten down in the prior session's selloff. A report showing pending-home sales hit a six-month high gave the market an extra boost.
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?
These industry, government, and Hollywood heavyweights have created the Green Products Innovation Institute, a new non-profit think tank that will help manufacturers find safer alternatives to toxic chemicals used in their products.
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.
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.
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.