Obama says his administration took the right steps in preventing the auto industry from total collapse. But the US economy is slow to add jobs, and that's a major political target for Republicans.
Ford transmission will have eight speeds; EcoBoost engine, three cylinders. Ford transmission and engine are part of automakers' push to boost fuel economy.
President Obama visits a Chrysler plant in Toledo, Ohio, to extol the success of the auto bailout. But new figures released Friday put the unemployment rate at 9.1 percent.
Oil stocks are climbing globally, which is sending oil and gasoline prices lower. One factor behind rise in oil stocks: a resurgent Iraq.
The Dow plummeted by more than 2 percent on Wednesday, losing about 279 points, after Moody's cut Greece's bond ratings
Emerging-market drivers now buy the majority of the world's cars. The BRIC nations lead the charge that will boost auto sales for new and established automakers.
Ford F-150 fuel tank may cause recall: the Ford F-150 fuel tank may have faulty steel straps that could break and lead to fires. Will Ford have to recall 2.7 million trucks?
General Motors did well in the key North American market, thanks to strong sales, but growth slowed in China and the company lost money in Europe. The company's stock price fell 2.5 percent.
Fuel-efficient cars – like Chevy's Cruze, Hyundai's Elantra, and Ford's Focus – led an estimated 19 percent car sales increase in April. GM says rising gas prices started pushing drivers into fuel-efficient cars in March.
Ford due to report earnings before the market opens. Besides Ford, Coca-Cola and UPS will report earnings.