This is a transcript of the Market Update: Outlook Report.
* China auto sales hit record in April * Automakers' earnings remain weak * Full-year bottom lines may improve - analysts (Releads with data from industry group, adds analyst comments) SHANGHAI, May 8 - China's...
April 30 - Chrysler LLC filed for bankruptcy protection on Thursday and announced an industry-changing deal with Italy's Fiat SpA. Fiat gets a stake starting at 20 percent, and can become the majority owner once...
* White House rejects GM, Chrysler restructuring plans * Senior official says "quick rinse" bankruptcy possible * GM CEO Wagoner resigns under pressure * G20 leaders see return to growth by end-2010, FT says WASHINGTON,...
* White House rejects GM, Chrysler restructuring plans * Senior official says "quick rinse" bankruptcy possible * GM CEO Wagoner resigns under pressure * G20 leaders see return to growth by end-2010, FT says WASHINGTON,...
* Autos slip as bankruptcy threat looms * Banks fall on Spain bailout, Geithner * Dow, S&P, Nasdaq all tumble around 3 pct (Adds auto-part suppliers, byline) NEW YORK, March 30 - U.S. stocks fell...
CHICAGO, April 15 - The owner of the Detroit Tigers has waived sponsorship fees for a prime sign location in the baseball team's home ballpark for General Motors Corp <GM.N>, Ford Motor Co <F.N> and...
The industry wants the government to give $3,000 incentives to drivers who scrap old cars and buy new ones.
Indeed many Chinese companies have recognized that their low end market position may not sustain a high profitability in the future. Therefore, they have made plans or already acted on plans, to introduce middle to high-end cars to the market. If they are successful, the benefits, aside from higher profitability, will include the lifting of their corporate brand image as they also associate themselves with higher end products. However, it will be very challenging for Chinese companies to gain substantial
Street slides after auto task force rejects GM, Chrysler restructuring plans.