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Autos Automobiles and Components


  • Cutting Sponsorships The Start of GM Make Over Tuesday, 14 Jul 2009 | 11:32 AM ET
    General Motors logo

    Taking full advantage of bankruptcy court, and the ability to drop contracts it no longer wants, GM is dumping dozens of sponsorships around the country.

  • Auto Task Force Shifts Gears Without Rattner Monday, 13 Jul 2009 | 6:17 PM ET

    Like the whirlwind trips in and out of bankruptcy for GM and Chrysler, Steve Rattner is leaving Washington just a few months after stepping into a high profile position with the Treasury Department. Rattner is leaving the Auto Task Force and heading back to private life in the investment world. Talk about making a splash and then getting out of town.

  • Lutz Takes Control of GM Ad Image Monday, 13 Jul 2009 | 10:16 AM ET
    Robert Lutz, as General Motors vice chairman.

    Today in Detroit, GM Vice Chair Bob Lutz is hitting the ground running in his move to change the image of the auto maker. Everything is up for review.

  • Rival Bidder for GM's Opel Says Deal is Near Monday, 13 Jul 2009 | 9:27 AM ET

    General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, the New York Times reported.

  • Stocks Log Fourth Straight Down Week Friday, 10 Jul 2009 | 8:07 PM ET

    Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.

  • GM CEO Henderson Says New GM Must Succeed Friday, 10 Jul 2009 | 4:44 PM ET
    Fritz Henderson

    GM CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.

  • Chevron Drags on Dow; Techs Turn Mixed Friday, 10 Jul 2009 | 1:07 PM ET

    Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.

  • GM CFO Young: No Positive Cash Flow Until 2010 Friday, 10 Jul 2009 | 1:00 PM ET

    On the day GM emerged from bankruptcy, company CFO Ray Young told CNBC Friday that the new GM won't be seeing real cash flow until sometime in 2010.

  • A Muscle Car to the Rescue for General Motors Friday, 10 Jul 2009 | 11:04 AM ET
    2010 Chevy Camaro

    Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s  new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.

  • Stocks Open Lower After Chevron Warning Friday, 10 Jul 2009 | 10:11 AM ET

    Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.

  • Futures Lower; Chevron Adds to Market Gloom Friday, 10 Jul 2009 | 9:15 AM ET

    Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.

  • Maximum Bob Goes Full Throttle For GM Friday, 10 Jul 2009 | 9:04 AM ET
    Robert Lutz, as General Motors vice chairman.

    As GM emerges from bankruptcy Vice Chairman Bob Lutz, who had been scheduled to retire at the end of this year, will take over GM's marketing and communications. His mandate: change the perception of GM, its brands and models. Talk about taking on a tough job.

  • New GM Emerges in One of Worst Sales Slumps Ever Friday, 10 Jul 2009 | 8:49 AM ET
    GM auto dealership with sign.

    Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt but faces a daunting task as car sales are in the worst slump in 25 years.

  • With Sale of Good Assets, GM Out of Bankruptcy Friday, 10 Jul 2009 | 8:19 AM ET
    GM logo, General Motors logo

    General Motors completed a major step in its turnaround and closed the sale of its good assets to a new, government-backed carmaker, at a speed unimagined by auto and bankruptcy experts.

  • GM's Second Chance Thursday, 9 Jul 2009 | 3:33 PM ET

    Now comes the hard part. After 39 days in bankruptcy, shedding thousands of jobs, closing more plants, and writing off billions in debt, GM is about to exit chapter 11 protection and try to show it can finally thrive. On paper it should succeed. In reality, it still has to prove itself.

  • GM Road To Leave Bankruptcy Cleared by Judge Thursday, 9 Jul 2009 | 3:00 PM ET
    First page of the US bankruptcy filing for General Motors Corporation

    The path is now clear for General Motors to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

  • Busch: Chinese Bank Announces Bombshell Thursday, 9 Jul 2009 | 10:49 AM ET

    More than the 4 trillion fiscal stimulus, these loan levels are stimulating the economy and are making analysts revise their estimates for 2nd half Chinese growth. But at what cost? Like the G8, the Chinese will sort out the problems caused by this stimulus after their economy rebounds.

  • Stocks Eke Out a Gain; Alcoa Rises Wednesday, 8 Jul 2009 | 5:14 PM ET

    A late upturn pushed stocks higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings.

  • Stocks Retreat as Investors Get Defensive Wednesday, 8 Jul 2009 | 3:09 PM ET

    Stocks turned lower Wednesday as investors got defensive ahead of earnings season, rotating into pharmaceuticals and out of techs.

  • Hyundai Must Go Luxe to Reach Wide Audience: Exec Wednesday, 8 Jul 2009 | 10:48 AM ET

    As Hyundai looks to gain share in the auto market, it will need to offer a full range of vehicles, said John Krafcik, acting president and CEO of Hyundai Motors America.