The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.
The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.
Americans flocked to auto dealerships this month to take advantage of government rebates for gas-guzzling
Ford Motor Co has seen a sharp increase in sales over the past week since its dealers began accepting trade-ins under the U.S. government's
Top U.S. auto dealer chain AutoNation Inc posted a 29 percent drop in quarterly earnings, but forecast an improving market after slashing inventory costs and seeing a sharp gain in July sales.
The U.S. Cash for Clunkers plan to jump start car sales by offering up to $4,500 for older cars swapped out for new ones is so successful that the White House and Congress were scrambling on Friday to find $2 billion more for the program.
Eyeing a better price, U.S. auto maker Ford Motor Co is slowing down the bidding process for its Volvo car unit, the Wall Street Journal said, citing a person close to the company.
The U.S. government will not suspend its $1 billion cash for clunkers auto sales incentive even though confirmed sales and pending transactions neared the limit of 250,000 vehicles much sooner than expected, an Obama administration official said on Thursday night.
President Barack Obama said on Wednesday that General Motors Co [GM.UL] and Chrysler Group were companies worth saving, but he expects both to repay their government loans.
In the first half of 2009, Toyota Motor Corp (7203.T) and General Motors [GM.UL] remained the world's two biggest automakers despite a more than 20 percent drop in sales
from the year earlier.
President Barack Obama said on Wednesday that General Motors Co and Chrysler Group were companies worth saving, but he expects both to repay their government loans.
Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear signs of sustained recovery for the world's battered auto sector remained elusive.
Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear sings of sustained recovery for the world's battered auto sector remained elusive.
Chinese automaker Great Wall Motor Co is considering resurrecting plans for a domestic A-share initial public offering as China's stock and auto markets have rebounded strongly, company executives said on Tuesday.
China's eHi Car Rental Co Ltd, backed by venture capital firms including CDH Venture Investment and Jafco Asia, is planning an initial public offering in 2011 to fund expansion in the fast-growing but fragmented domestic car rental market, Chairman Ray Zhang said on Monday.
The National Association of Realtors (NAR) on Thursday announced that sales of existing homes in the U.S. rose for the third consecutive month in June, suggesting that the troubled housing market may be hitting bottom, private data showed Thursday. The value of existing single-family home and condominium sales continue to fall according to the Florida Association of realtors (FAR). According to FAR the median price, however, skidded 59 percent, from $132,900 in June 2008 to $54,500 in June 2009....
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt reduction plan, and said it was on track to at least break even in 2011, sending its shares up as much as 9.7 percent.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt reduction plan, and said it was on track to at least break even in 2011, sending its shares up as much as 9.7 percent.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt-reduction plan, and said it was on track to at least break even in 2011, sending its shares up 10 percent.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt-reduction plan, and said it was on track to at least break even in 2011, sending its shares up 10 percent.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to debt restructuring, and said it was on track to at least break even in 2011, sending its shares up more than 7 percent.
Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to debt restructuring actions, with global markets still reeling from a recession that helped to push U.S. rivals General Motors and Chrysler into bankruptcy.
