Ford Motor Co.'s Emblem

CAW Chooses Ford In Effort To Secure Pattern Contract

The Canadian Auto Workers, or CAW, will concentrate on the Ford Motor Co. (NYSE: F) as it attempts to negotiate a collective-bargaining agreement in the roughly 24 hours left before its fast-approaching strike deadline on Monday at 11:59 p.m. EDT.

Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.
US Auto Sales

US Car Sales Indicate Economic Recovery in August

Global carmakers reported robust sales growth in August, indicating improving consumer sentiment and demand by small businesses and contractors. Companies including Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Honda Motor Co. (NYSE: HMC) and Toyota Motor Corporation (NYSE: TM) all reported major gains.
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Euro currency

Foreign Troubles Dim US Earnings Forecasts

The European summit may have increased investor confidence, but weak consumer spending across Europe, along with the rise of the dollar against the euro, is slowing down the global economy, pushing many companies to trim their earnings forecasts.
Standard & Poor's

S&P Upgrades Philippines Credit Rating To BB+

Standard & Poor's Ratings Services has raised the credit rating of the Philippines, citing that the country's fiscal flexibility is gradually increasing and the debt profile is improving.
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Why Companies Are Racing To Cut Earnings Forecasts

Expectations for U.S. company earnings are on a slippery slope down Wall Street. While the downward slide in estimates highlights the caution analysts and companies are expressing, investors should also be aware that companies are setting lower goals so that they can look better or be able to ?beat estimates? when the results come out.
A 1993 to 2004  model year Jeep after a car fire

The Next Pinto? 5.1 Million Jeep Cars Under Fire Investigation

Up to 5.1 million Jeep Grand Cherokee, Jeep Cherokee and Jeep Liberty model SUVs may be subject to one of the largest recalls in history depending on the results of an engineering analysis by the National Highway Traffic Safety Administration (NHTSA).
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India Could Be 1st BRIC To Lose Investment Grade: S&P

Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country.
US Stocks

US Equities Begin June As They Ended May: Bleeding Red Ink

With the Institute for Supply Management's manufacturing report and the U.S. Bureau of Labor Statistics' Employment Situation Summary both weaker than analysts' consensus estimates on Friday, U.S. stocks closed a holiday-shortened trading week by dropping like so many hot pennies scattered in cold snow.
New Cars Dealership

May US Car Sales: American Automakers Gain, GM Predicts Return to Prerecession Levels, Toyota Surges

Sales grew across the board in May for U.S. automakers with Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), leading the way in growth and General Motors Company (NYSE: GM) leading in volume, while Ford's car and truck sales remained strong on demand for fuel-efficient vehicles. The Asian carmakers also reported U.S. sales on Friday with Toyota Motor Corporation (NYSE: TM) enjoying bumper growth of 73 percent.
A Case tractor. Case is one of the brands produced by CMH, along with New Holland. CMH is merging with Fiat Industrial S.p.A.

Fiat Industrial, CNH To Merge

Fiat Industrial S.p.A. (Milan, FI), a 2010 spin-off of Fiat S.p.A. that makes trucks and tractors, plans to merge with CNH Global NV (NYSE: CNH), the producer of Case and New Holland brand tractors, the company announced Wednesday.
Auto Factory

Strong May Car Sales Drive US GDP Growth: Kelley Blue Book

U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.
The Mazda MX-5 Miata will provide the architecture for a new roadster from Mazda and Fiat.

Mazda and Fiat Developing New MX-5 Miata Sport Roadster

Mazda Motor Corporation (Tokyo: 7261) and Fiat Group Automobiles S.p.A. (ETR: FIAT) will jointly develop and manufacture a new rear-wheel-drive, roadster sports car based on the next-generation Mazda MX-5 Miata for the Mazda and Alfa Romeo brands, the companies announced Wednesday.
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Chrysler Recalls Jeep Wranglers On Fire Hazard Risk

Chrysler Group LLC is recalling 67,872 model year 2010 Jeep Wrangler cars equipped with automatic transmissions because of fire hazards associated with the transmission skid plate, the National Highway Traffic Safety Administration reported Monday.

GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

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.


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