Chrysler has put its motorsports program, which includes NASCAR, under review as part of a restructuring announced on Wednesday, but does not plan to cut spending at this time.
Wednesday, 4 Nov 2009 | Source: The Associated Press
Chrysler hopes to make billions of dollars to repay government loans and revamp all of its cars and trucks with an ambitious plan that hinges on doubling sales in five years.
Wednesday, 4 Nov 2009 | Source: The Associated Press
Ford Motor Co. has expanded its capital raising plans, now selling $2.5 billion worth of senior convertible debt, up from a previous planned offer of as much as $2.3 billion.
Tuesday, 3 Nov 2009 | Source: The Associated Press
Automakers released October U.S. sales figures Thursday. These were the top-selling vehicles, as well as the total number sold and the percent change in sales from October 2008.
General Motors posted its first monthly sales increase in nearly two years as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.
Stocks finished mixed Tuesday as techs struggled after a downgrade on Intel. Transports rose following news that that Warren Buffett is buying Burlington Northern railroad. Industrials also gained after this week's encouraging manufacturing reports.
Tuesday, 3 Nov 2009 | Source: The Associated Press
Ford Motor Co. said Tuesday its October sales rose 3 percent as the popular F-Series pickup truck helped the company boost its estimated market share to more than 15 percent.
DETROIT (Reuters) - Ford Motor Co <F.N> said on Tuesday that its U.S. sales rose 3.1 percent in October from a year earlier among all of its brands, supported by sales of cars and crossovers.
General Motors reported an increase in auto sales last month while rival Ford Motor saw sales decline, as market watchers look for an industry-wide increase from September's levels, which were hurt by a Cash for Clunkers hangover.
Stocks tumbled Tuesday, led by techs after an analyst downgrade on Intel. Transports rose following news that Warren Buffett is buying Burlington Northern railroad.
With the markets in volatility mode, investors will likely be focusing on the Federal Reserve Tuesday, even though the 2-day Federal Open Market Committee meeting that begins this afternoon won't conclude until Wednesday.
Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a line of credit, and will sell about $3.3 billion in stock and convertible debt to raise more cash.