They aren't selling like iPads or Hunger Games tickets, but global auto sales are enjoying a nice run. They have grown 18% since 2005 to more than 75 million cars and trucks, and Bank of America Merrill Lynch is expecting the industry to tack on another 3.9% increase this year.
Ferrari driver Fernando Alonso has slammed Formula One's rules on car testing, describing the regulations as like asking footballers to train with tennis balls or tennis stars to play with bats.
2007 World Champion Kimi Raikkonen returns to Formula One with Lotus Renault GP.
The grandfather of a little girl whose body was found stuffed in a suitcase in an Israeli river was convicted of first degree murder Thursday -- and her mother was convicted of soliciting the murder.
The first quarter of 2011 has been quite a tumult for Carlos Ghosn, chief executive officer of Renault AG and Nissan Motor Co. In Paris he is mired in a faux spy scandal. In Japan he is trying to get Nissan's operations back on track after the damage and dislocation caused by the March 11 earthquake.
The world's most-traveled CEO touched down in New York just before Christmas, looking surprisingly rested despite a travel schedule that would shame most airline pilots.
Like few other industries, auto companies measure their output in number of vehicles built and then report that data publicly.
A couple of items in recent news clearly point to a new direction for the global auto industry:
Nissan-Renault and Daimler join forces to build better performing, fuel efficient cars. CNN's Eunice Yoon reports.
The joint announcement Wednesday by Daimler CEO Dieter Zetsche and Carlos Ghosn, CEO of Renault-Nissan that the three companies will cooperate on various technology and product initiatives opens the door to a whole new chapter in the history of the auto industry.
Carlos Ghosn -- in shirtsleeves -- walks briskly into a conference room on the 21st floor of Nissan's global headquarters in Yokohama, Japan. Awaiting his arrival are 15 executives in two ranks of chairs. Subject of the meeting: how to spread the news about Ghosn's pet electric-car project.
Renault CEO Carlos Ghosn discusses the possibility that Toyota's troubles could drive up profits for other automakers.
When Renault unleashed its Formula 1 race cars and drivers on the hallowed ground of New Delhi's Rajpath boulevard last Sunday afternoon (November 9) for a display of Grand Prix razzle-dazzle, the car-loving fans in the Indian capital went wild.
Police divers searching a river Thursday pulled out a red duffel bag holding a small skull, bones and clothes they said probably was the body of a 4-year-old French girl believed killed by her mother's lover -- the child's grandfather
General Motors' directors let it be known last week that they are closely watching deteriorating conditions at the automaker. They gave CEO Rick Wagoner a vote of confidence and publicly disclosed that they are monitoring the company's performance on a week-to-week basis.
Fortune senior editor Alex Taylor, in a recent MotorWorld column, took General Motors to task for failing to strike an alliance with Renault-Nissan in 2006. Taylor wrote that, despite potential savings of $10 billion annually, the proposed deal would have disrupted GM's corporate culture and the company vetoed it. You can read the column here. GM initially declined comment for the story. Since its publication, Steve Harris, GM's vice president of global communications, has submitted the following response:
Scott Speed is too continental for an American, too American for Europeans.
In a first-of-its-kind program, the government hopes to put charging stations all over the country and get gas guzzlers off the roads starting in 2011
General Motors announced a shocking $10 billion annual loss early in the year, and just so it wouldn't be lonely, Ford and Chrysler came along with their own billion dollar losses later on. Delphi, the bankrupt parts supplier, found some of its former top executives under investigation by the Securities and Exchange Commission for cooking the books. And Toyota decided the Scion was too popular and put a lid on sales.
Life was already complicated for Carlos Ghosn before last summer. Complicated, but under control.
Why are you so insistent about an alliance with a North American producer?
Carlos Ghosn, president and CEO of Nissan Renault, will touch down in Detroit on Thursday, November 16, to give a speech at the Economic Club.
Mike Jackson, 57, chairman and CEO of AutoNation
Jerry York, the adviser to Kirk Kerkorian who is seen as speaking for General Motors's largest individual shareholder, resigned from GM's board Friday, saying the world's No. 1 automaker has not done enough to change its competitive position and criticizing the board room's "environment."
A weak employment report put stocks on a course to open even lower Friday after it revealed a slower than expected increase in payrolls, ruining chances for stocks to extend their recent rally.
Stocks surged Wednesday as investors worried they were missing the party on Wall Street jumped in, pushing the Dow Jones industrial average to its second straight record close.
That the talks to create an alliance between General Motors and Nissan-Renault have collapsed is not surprising. For the past week, GM has been publicly demanding billions of dollars in compensation from Nissan-Renault to equalize the terms of the deal. And Nissan-Renault CEO Carlos Ghosn has been just as forcefully denouncing the financial demands as absurd and unseemly.
Talks between General Motors and Renault-Nissan about a possible partnership ended Wednesday after GM's demand to be paid to join an alliance was rejected.
Kirk Kerkorian, already the largest individual shareholder of General Motors, is interested in buying up to 12 million additional shares, or another 2 percent or so, of the world's largest automaker, according to a filing with the Securities and Exchange Commission. GM shares hit a 52-week high on the news
Carlos Ghosn was expected to tell General Motors CEO Rick Wagoner that GM could save at least $10 billion a year by entering into an alliance with the two automakers Ghosn heads, Renault and Nissan Motor, according to a published report.
Investors were looking for direction following another warning from the troubled housing sector as they waited for the latest reading on consumer confidence.
General Motors Chairman and CEO Rick Wagoner and Carlos Ghosn, the CEO of both Nissan and Renault, are due to meet in Paris this week as the deadline for the companies to decide whether to pursue an alliance grows near.
Carlos Ghosn, chief executive of Renault and Nissan, said he was still eyeing an alliance with a North American partner, according to a newspaper interview released on Sunday.
Two months ago, excitement swirled in the auto industry and on Wall Street about prospects for General Motors joining an alliance with Nissan and Renault.
Carlos Ghosn circumnavigates the planet in his Gulfstream 550 once a month. He typically spends two weeks in Paris, ten days in Tokyo, and what's left of his time in the U.S. and the rest of the wo...
It's been a dizzying few weeks for General Motors. In late June it announced a better-than-expected response to its buyout program. But June sales were disappointing, and the company launched a new...
Toyota is not interested in exploring its own alliance with General Motors as a way to try block a potential GM-Nissan-Renault tie-up, according to a published report.
Stocks could open lower Monday on continued Middle East tensions, but an Israeli television report that the country could wrap up its attacks on Hezbollah militants within days had oil significantly lower and stock futures off of earlier lows..
Toyota's top execs are discussing putting out feelers to GM in a bid to form an alliance and head off rivals Nissan and Renault, a news report said Sunday.
General Motors, Nissan and Renault said Friday they will work on a confidential review of the potential benefits of an alliance between the three automakers.
There are considerable risks to General Motors and CEO Rick Wagoner after his Friday meeting with Carlos Ghosn, the CEO of both Nissan and Renault, even though Ghosn is now on record saying he doesn't want Wagoner's job.
Carlos Ghosn said Thursday that he doesn't want the top job at General Motors Corp. even if an alliance is struck between GM and Nissan and Renault, his two companies.
Carlos Ghosn circumnavigates the planet in his Gulfstream 550 once a month. He typically spends two weeks in Paris, ten days in Tokyo, and what's left of his time in the U.S. and the rest of the world.
General Motors said Friday it would hold "exploratory discussions" with Renault and Nissan regarding a potential historic combination of three of the world's largest automakers.
Stocks advanced Monday, the first business day of the new quarter, as a set of reports pointing to slowing economic growth pleased investors worried about inflation.
CNNMoney: Stocks keep partyingupdated: Fri Jun 30 2006 09:15:00
Stocks rose Friday, extending Thursday's big rally, as investors took in an upbeat view on the inflation outlook and bet the Fed would soon draw a close to its interest rate hiking campaign.
TOKYO -(Dow Jones)- Nissan Motor Co. (7201.TO), announcing record earnings for its fiscal year ended March 31, disclosed an ambitious new three-year plan that seeks to boost growth while establishing Nissan as one of the world's most financially disciplined car producers.
Fortune: DOUBLE DUTYupdated: Mon Mar 07 2005 00:01:00
RUNNING A GLOBAL CAR COMPANY ISN'T AN EASY JOB. YOU'VE got to deal with hundreds of suppliers, thousands of employees, millions of customers, and a network of factories that produces tens of millio...
LIKE AMERICANS, Europeans are passionate about their cars -- they just express themselves a little differently. They prefer the intimacy provided by a manual gearbox over the remoteness of an autom...
The new conservative government of France, hemmed in by a widening deficit, doesn't have much room to maneuver. But at the same time, Prime Minister Edouard Balladur wants to set forth boldly on a ...
AMERICAN MOTORS CORP. hardly had time to chill the champagne to toast its first profitable year since 1979 when upsetting news came from Renault, AMC's French partner and sugar daddy through its le...
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