Entries tagged "Ford Motor Co."
The Dow slipped in late-day trading, closing down 17.61, or 0.22%, at 8,168.12, while the Nasdaq finished up 5.36, or 0.31%, at 1,717.30.
So far, there are few bidders for the luxury brand. With Geely stepping out, the names rumored to remain include Renault and Shanghai Automotive Industry.
Consumers steered clear of car dealers in January as U.S. automakers struggle preparing restructuring plans for Congress.
Automakers on Monday reported bleak December sales, marking the industry's worst year since 1992, with sales at Chrysler LLC falling 53%, Ford Motor Co. falling 32%, General Motors Corp. announcing a 31% decline, and Toyota Motor Corp. and Honda Motor Co. sliding 37% and 35%, respectively. Despite the dismal top-line numbers, shares of the two publicly traded U.S. automakers, GM and Ford, rose 2.74% to close at $3.75 and 4.88% to close at $2.58, respectively. Maybe shareholders are hanging onto hopes that the Treasury Department will dole out a few billion more for Detroit? Not likely. ...
Another day, another automotive merger rumor, and the latest happens to be the most ambitious proposition of them all, a combination of Ford Motor Co. and General Motors Corp., according to a BusinessWeek story. ...
Sure, we've heard it before, but the logic behind the latest rumors from trade publisher Automotive News that Ford Motor Co. and India's Tata Motors will announce a deal for Jaguar and Land Rover by March 6 makes sense....
