It's ok to admit it. It's ok to say that you are skeptical of the J.D. Power report that the Big 3 have passed up foreign automakers when it comes to quality. There are more than a few of you out there who e-mailed me last week to say that you aren't buying it.
These energy-conscious companies have fared well this year and continue to attract portfolio mangers' interest.
Stocks eked out a gain Friday amid "quadruple witching" volatility but managed to end the week up 2.3 percent amid bargain hunting. Gold soared to a record close.
There are reports out of Japan that Toyota is setting a target of cutting prices 30% by 2013 in a strategy shift designed to keep up with hard charging competitors Volkswagen and Hyundai.
Stocks wavered in a tight range Friday as energy shares gained modestly while "quadruple witching" expiration of futures and options stirred up volatility. Gold soared to a new record.
Stocks bobbed along Friday as the "quadruple witching" expiration of futures and options stirred up volatility. Energy stocks were among the day's leaders as investors did some bargain hunting in the beaten-down sector.
The drill ban could jeopardize 50,000 jobs, according to one estimate, hurting many blue-collar communities on the Gulf Coast. The NYT reports.
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.