Automotive News

Forbes.com - Jul. 8, 2008, 10:20 PM

as shares of General Motors closed below $10 for the first time since Sept. 13, 1954. GM's stock ended the day at $9.98, down $1.77, or 15.1 percent, as analysts voiced concerns about GM's cash needs. A Merrill Lynch analyst downgraded the stock to ...

Forbes.com - Jul. 8, 2008, 10:20 PM

Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company's cash needs. GM shares fell ...

Fortune - Jul. 8, 2008, 10:12 PM

NEW YORK (AP) -- Shares of General Motors Corp. plunged Wednesday to their lowest level since September 1954, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company's cash needs. Shares of General Motors ...

Forbes.com - Jul. 8, 2008, 9:58 PM

Auto parts supplier ArvinMeritor is predicting a surge in third-quarter sales, but it doesn't have North America to thank for it. Instead, strong demand in South America and Asia is helping the company to speed ahead. On Wednesday ArvinMeritor (nyse: ARM ...

Forbes.com - Jul. 8, 2008, 9:58 PM

Cognex Corporation (NASDAQ: CGNX) announced today that it has sold its lane departure warning business (LDW) to TK Holdings Inc. (Takata Corporation Group), a leading supplier of automotive safety systems based in Tokyo, Japan. Under the terms of the ...

USA Today - Jul. 8, 2008, 9:50 PM

NEW YORK (Reuters) - Shares of General Motors (GM) plunged Wednesday to their lowest level since September 1954, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company's cash needs. In afternoon trading, ...

Business Week - Jul. 8, 2008, 9:47 PM

EAGAN, Minn. The freight cargo unit of Northwest Airlines Corp. said Wednesday it will raise the fuel surcharges it charges customers on July 15, in an effort to partially offset the rising price of jet fuel. Surcharges for shipments between the U.S. and ...

New York Times - Jul. 8, 2008, 9:47 PM

This week, two of the wealthiest men in Britain made the papers with their green cars. On Monday, it was reported that Prince Charless Aston Martin DB5 made from English wine. The information was part of the princes annual review, which also revealed ...

New York Times - Jul. 8, 2008, 9:47 PM

Buy a hybrid! Use its tax credit to pay its gas-guzzler tax! Wonder if that would be an effective advertising tool for selling multi-ton, fuel-swilling S.U.V.s and luxury cars? A gas guzzler, as defined by the Energy Tax Act of 1978, is a vehicle that ...

MSNBC - Jul. 8, 2008, 9:43 PM

GM’s stock falls to lowest level since 1954 Merrill Lynch analyst says bankruptcy filing is ‘not impossible’ DETROIT - Shares of General Motors have closed below $10 for the first time since Dwight Eisenhower was president of the ...