Japan's vaunted automakers may soon stop building cars in their homeland for export as a soaring yen combines with Mother Nature's mood swings, and an aging population saps the strength of its domestic market, driving the companies across wide oceans and far from their birthplace.
General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.
Ford Motor announced its second recall of Windstar vans for axle problems in two days Thursday, bringing the number of Windstars recalled so far this month to 36,000.
New Labor Department data suggests a strong start to jobs growth in January may not get wiped out by negative growth heading into the third quarter.
Ford Motor Co. (NYSE: F) is recalling 27,000 model year 1998 to 2003 Windstar vans which suffer from a problem which can cause the rear axle of the vehicle to fracture, increasing the risk of crash, a notice from the National Highway Traffic Safety Administration (NHTSA) said Wednesday.
The companies whose shares are moving in pre-market trade Wednesday are Demand Media Inc, Arena Pharmaceuticals Inc, Fossil Inc, Banco Santander, EXCO Resources Inc, Ford Motor Company and Newmont Mining.
U.S. light vehicle sales increased 2 percent in April to 1.2 million cars on continued high demand for fuel-efficient cars, and sales are projected to continue at a strong clip, maintaining an annualized rate of 14.4 million.
General Motors Company (NYSE: GM), the world's largest car company, reported an 8.2 percent drop in April sales on declining fleet sales and fewer selling days compared to the year before.
Ford Motor Company (NYSE: F) sales dropped 5 percent in April, despite sales growth for its Explorer, F-series trucks, Fusion and Edge vehicles, the company reported Tuesday.
May Day, also referred to as International Workers' Day, is a holiday with pagan roots that has slowly morphed into a worldwide celebration of worker solidarity.
NASCAR will have its first-ever all-electric pace car at the Sprint Cup Capital City 400 race at the Richmond (Va.) International Raceway on Saturday. All decked out in NASCAR livery will be the 2012 Ford Focus Electric vehicle that the Ford Motor Co. (NYSE: F) unveiled on video this week.
Ford Motor Company (NYSE: F), the second-largest U.S. carmaker, said Friday profit fell 20.5 percent, missing analysts' predictions, on lower European sales, plunging South American profit and a drop in Ford Credit profit.
Ford Motor Co. (NYSE: F), the second-largest U.S. carmaker, is expected to report Friday its first-quarter earnings plunged by 42.6 percent as gains in North America couldn't offset a slump in vehicle demand in Europe and slowing sales growth in South America and Asia.
Orders for long-lasting goods sank in March by the largest margin in three years, hurt by falling demand for commercial aircraft, the Commerce Department reported Wednesday.
Ford Motor Co. (NYSE: F) said Thursday it will build a $760 million assembly plant in Hangzhou as part of a plan to double its production capacity in China by 2015 and catch up with global rivals.
Automaker Ford said Thursday that it plans to build a $760-million assembly plant in the eastern Chinese city of Hangzhou as part of expansion plans in the country.
48 years after the debut of the original Mustang, the Ford Motor Company has decided to give the Pony Car a complete makeover for. The new model is said to be gearing up for a 2015 release.
Volkswagen AG said Thursday it will create 800 more jobs at its only U.S. plant to ramp up production of the Passat sedan. Meanwhile, the United Auto Workers has launched a drive to unionize workers at the plant.
Ford has stated that about 1,700 employees have agreed to an offer for early retirement, which will mean that they will be leaving the company on June 1 this year.
U.S. employers hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the recovery.
Employers probably hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the U.S. economic recovery, economists said before a report this week.
U.S. manufacturing activities expanded at a faster pace in January, according to a closely-watched reading on the health of the sector in a demonstration that manufacturing is starting out the year on a positive note.