Tight credit and worried consumers resulted in the weakest pace of U.S. auto sales in 25 years.
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.
Israeli police divers found a suitcase Thursday containing human remains that are believed to be the body of a missing 4-year-old girl, an Israeli police spokesman said.
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
Scott Speed was a participant in the original Red Bull Driver Search of 2002, one of 25 considered for a program to bring an American to Formula One. After three seasons in the program, Speed graduated to successful campaigns in Europe's development series.
The Chrysler rumor mill is spinning again. Ever since its parent, DaimlerChrysler, announced that it would consider all options for Chrysler, the speculation about potential owners who would take over the damaged company has been intense and churning. So far, though, none of the usual suspects looks like the ideal buyer.
Tight credit and worried consumers resulted in the weakest pace of U.S. auto sales in 25 years.
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.
Israeli police divers found a suitcase Thursday containing human remains that are believed to be the body of a missing 4-year-old girl, an Israeli police spokesman said.
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
Scott Speed was a participant in the original Red Bull Driver Search of 2002, one of 25 considered for a program to bring an American to Formula One. After three seasons in the program, Speed graduated to successful campaigns in Europe's development series.
The Chrysler rumor mill is spinning again. Ever since its parent, DaimlerChrysler, announced that it would consider all options for Chrysler, the speculation about potential owners who would take over the damaged company has been intense and churning. So far, though, none of the usual suspects looks like the ideal buyer.
Of course, the idea of GM buying Chrysler is preposterous. GM's biggest problem is overcapacity, and Chrysler is full of things that GM already has too much of: assembly plants, workers, retirees, car brands, car models, and dealers.
In its 99-year history, no year at General Motors was worse than 2006. It started off with talk of bankruptcy following a $10.6 billion loss for 2005, got worse as GM was forced by shareholder Kirk Kerkorian into alliance negotiations with Renault-Nissan's Carlos Ghosn, and ended with renewed talk that GM soon must relinquish its position as the world's Number One automaker to Toyota.
Is Porsche's Wendelin Wiedeking the next Carlos Ghosn? It certainly is beginning to look that way.
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
General Motors has retained two investment banks as the automaker attempts to protect itself from a potential proxy fight from its largest individual shareholder, Kirk Kerkorian, according to a report published Wednesday.
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.
Stocks rallied early Wednesday afternoon, with the Dow Jones industrial average hitting a new record trading high, after closing at its best level ever on Tuesday.
Stocks could have trouble in the early going as the Dow sinks farther away from the record level it has been unable to breach for the past week.
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.
Two of General Motors' largest shareholders have trimmed their holdings in the battered automaker, which also got another analyst downgrade.
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...
Wall Street hasn't expected much from General Motors for some time - but for second-quarter results due Wednesday, the Street is finally looking for a profit. Moreover, some analysts think there were be more black ink to come.
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.
Stocks wound down what has been a rocky second quarter for investors on a lackluster note Friday.
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.
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...
Bruised by the strong yen and a recession at home, the Japanese have made a valiant effort to boost their car sales in the U.S. this year -- valiant but expensive. While sales are up 5.8%, Japanese...
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 ...
The Volvo-Renault alliance -- which will create an automaker with sales of $45 billion, $10 billion more than Chrysler -- puts a spotlight on Volvo chief Pehr Gyllenhammar, 54, who tried for years ...
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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