Detroit Automakers Cutting Back on Summer Factory Shutdowns
Detroit's automakers are largely forgoing traditional two-week summer breaks at their factories and speeding up production to meet buyers' demand for new cars and trucks.
automakers
U.S. Factory Output Sees Broad Decline in April
U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output.
It's Electric! Tesla Motors Shifts Into Profitability
A business can’t have a much better week than Tesla Motors'. The electric car maker posted its first-ever quarterly profit and received Consumer Reports’ best-ever score.
Ray Irani, Billion-Dollar Oil Executive, Ousted
Ray Irani, 78 year-old chairman of Occidental Petroleum, sparked shareholder ire because he tried to oust the man who replaced him as CEO. Irani was forced to exit instead.
Facebook's Mobile Numbers Impress; GM Beats Street
A mixed bag from Facebook's earnings, but revenue from the all-important mobile sector was stronger than expected. GM's earnings fell from a year ago but still beat predictions.
Chrysler's 1Q Profit Tumbles 65% As It Readies New Models
Chrysler's first-quarter profit tumbled 65 percent as shipments of cars and trucks fell while it prepared to launch several key new vehicles.
Honda's Quarterly Profit Picks Up Despite Losses in China
Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.
GM Boosts CEO Pay 44%; Gov't Still Owns 16.4% Stake
General Motors boosted Chairman and CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased.
Toyota Maintains Crown as World's Best-Selling Automaker
Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with GM and Volkswagen is proving tight.
Dish Network Bids $25.5 Billion for Sprint Nextel
This could be a big merger Monday: Dish Network is bidding to acquire Sprint Nextel, and Thermo Fisher Scientific has agreed to buy Life Technologies.
Japanese Automakers Recall 2 Million Cars For Defective Airbags
Four Japananese automakers recall more than 2 million vehicles worldwide for a problem with air bags that may burst, sending plastic pieces flying.
Chrysler Shares Could Soon Be On the Market Again
When Fiat CEO Sergio Marchionne took over Chrysler in 2009, it was considered a forgone conclusion that, eventually, he'd take the company public in an initial public offering. But now, Marchionne says the odds of an IPO are merely 50-50.
Hurricane Sandy Boosts Car Sales in November
The auto industry wins the silver lining award from the affects of Hurricane Sandy: November car sales jumped 15 percent on strong demand from people replacing cars destroyed by the storm, Americans feeling more confident in the economy, and an easier access to credit.
Automakers Drive U.S. Factory Output Higher in April
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. The Federal Reserve said Wednesday that factory production rose 0.6% in April, erasing a 0.5% decline in March.
Car Wars: Why GM's a Better Buy Than Ford
It's an obvious, inevitable question: GM or Ford? On one view, Ford -- with its solid line of hit products and bailout-free balance sheet -- is the fiscally responsible choice. But the company known until recently as "Government Motors," trading right now in the low $20 range, is turning itself around and qualifies not only as a buy, but a steal.