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Autos Automobiles and Components

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  • 090413_Buffett_In_Car_Fortu.jpg

    Volkswagen says it has signed a "memorandum of understanding" with Chinese carmaker BYD to explore "options for partnership in the area of hybrids and electric vehicles powered by lithium batteries."  Warren Buffett's Berkshire Hathaway bought a 10 percent stake in BYD last fall, and Buffett has been personally promoting the company's efforts.

  • GM,Chrysler 'Skidding' Their Way Through Bankruptcy Tuesday, 26 May 2009 | 8:55 AM ET
    GM auto dealership with sign.

    This week GM and Chrysler will transform the auto industry by skidding into and through bankruptcy. If they can avoid a major car wreck, perhaps Uncle Sam's "controlled bankruptcy" plan will work.

  • Futures Fall After Long Weekend Tuesday, 26 May 2009 | 6:40 AM ET

    After a long Memorial Day weekend, futures indicated a negative open for Wall Street Tuesday as reports that North Korea launched missiles caused alarm.

  • Obama's Tough Medicine Leaving Some With Bad Taste Friday, 22 May 2009 | 5:39 PM ET
    Jeep_auto_sales.jpg

    Four months into President Obama's administration and three months after he created the Auto Task Force to find a solution for an imploding auto industry, people are mad at the President.

  • Chrysler Bankruptcy Greases Path For GM Friday, 22 May 2009 | 10:34 AM ET
    GM Headquarters

    Within two weeks expect to see GM in bankruptcy. And when the company files, whether it's late next week or Monday June 1st, the road map for a quick creation of a newer, leaner GM will be laid out for the Federal Government to follow. It's the Chrysler bankruptcy which has gone about as smoothly as the auto task force was hoping.

  • Commentary: Chrysler...A Tale of Failed Relations Friday, 22 May 2009 | 3:47 AM ET
    Chrysler Bankruptcy

    Chrysler has filed for Chapter 11 bankruptcy.  Chapter 11 differs from a Chapter 7 bankruptcy, in that it staves off liquidation. Once financing is secured, the company can emerge from bankruptcy as a new legal entity.  It is this new entity that, as Star Trek's Spock would say, is fascinating.

  • GMAC Receives $7.5 Billion More in Federal Aid Thursday, 21 May 2009 | 11:16 AM ET
    gmac_logo2.jpg

    The government is providing auto lender GMAC with $7.5 billion in fresh aid to enable it to make new loans for General Motors and Chrysler vehicles.

  • Who Should Determine What Fuels Our Cars/Trucks? Thursday, 21 May 2009 | 9:50 AM ET
    oil_new_1.jpg

    How do you define "free market". Yesterday, I argued the "free market" should determine if cars and trucks are powered by diesel fuel or by the conventional gasoline most vehicles currently use. This baffled some of you.

  • Kneale: New CAFE Menu Will Give Detroit Heart Attack Wednesday, 20 May 2009 | 2:34 PM ET

    A daunting litany of ills imperils U.S. banks, from toxic assets to rising loan defaults. After the irritating spectacle that played out in Washington yesterday, we can add a new threat: the Congressional Oversight Panel tracking TARP.

  • Why New Fuel Rules Tick Off Some People Wednesday, 20 May 2009 | 11:01 AM ET
    President Barack Obama

    Over the last two days, as I've blogged about new fuel efficiency rules President Obama laid out at the White House, I've been struck by the opposition to these changes.

  • auto_worker.jpg

    With the new mandate from Washington, this efficiency movement in the auto industry will pick up momentum, and several companies are positioned to profit.

  • Better Mileage Doesn't Mean The Death Of SUV Tuesday, 19 May 2009 | 8:51 AM ET
    2007 GMC Acadia

    For years, we've heard Detroit and other auto makers lobby against higher fuel economy standards because it would drive up costs and ultimately hurt sales of SUV's and pick-ups- vehicles Americans want.

  • Farrell: He's Just Not That Into You Tuesday, 19 May 2009 | 8:42 AM ET

    I have never bought a car in my life. My wife has bought a lot of them. I'm just not that into cars. I have usually referred to the cars we own by their color.

  • Automakers, Obama Announce Mileage, Pollution Plan Tuesday, 19 May 2009 | 8:20 AM ET
    President Barack Obama

    President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment—and be willing to pick up the tab.

  • Auto Sales Will Remain Weak in May: GM CEO Tuesday, 19 May 2009 | 7:45 AM ET
    GM auto dealership with sign.

    Auto sales continue to be week this month as consumers struggle with lack of confidence and lack of credit, General Motors CEO Fritz Henderson said Tuesday.

  • "Governator" Arnold Wins Fuel Efficiency Battle Monday, 18 May 2009 | 3:41 PM ET
    Arnold Schwarzenegger

    "UNCLE!!!!!!!!!" That's the cry you'll hear from Detroit to Washington as President Barack Obama announces a new tailpipe emission standard that mirrors the tough measures California has been trying to impose for years.

  • Obama to Unveil New Vehicle Emission Standards Monday, 18 May 2009 | 2:46 PM ET
    Car Emissions

    President Barack Obama will issue new vehicle emission standards and pair them with a broader goal of reducing pollution, marking the first time limits on greenhouse gases will be linked to federal standards for cars and trucks.

  • Dealer Closings Mean Deals As Cars Have To Go Monday, 18 May 2009 | 11:52 AM ET
    Customer at an auto dealership.

    At 789 Chrysler lots across America sit 44,000 potential bargains—cars and trucks that are stuck between shell-shocked dealers and a troubled company that no longer wants their services.

  • Now The Tough Part: Keeping Chrysler Relevant Monday, 18 May 2009 | 9:28 AM ET
    Chrysler

    Ask yourself these questions: If you are looking for a new car, truck, or minivan right now, will you buy a Chrysler, Dodge, or Jeep? Will you seriously consider one of those models?

  • GM May Focus on Cheaper Imports, Cut US Jobs Monday, 18 May 2009 | 6:33 AM ET
    Auto worker works on assembly line at GM Lansing Grand River plant.

    General Motors is engaged in negotiating a reorganization that could increase vehicle imports from its plants in Mexico and Asia while closing factories and cutting the work force in the United States.