Volkswagen AG is recalling about 850,000 Audi and VW vehicles in the U.S. from model years 2006 to 2014. The letter said most VW and Audi vehicles have air bag inflators made at Takata's factory in Freiberg, Germany, which have not experienced failures like those made in the U.S. and Mexico. But in the EPA case at least, it's likely to bring millions of dollars in fines...» Read More
Ford Motor said Tuesday it will add 4.5 million older-model vehicles to the long list of those recalled because a defective cruise control switch could cause a fire.
Tom Webb with the Manheim Auto Auctions has never seen a run like this. In all his years of tracking used car prices, he's never seen them surge like they have in the last nine months.
Plus, get calls on earnings, housing, tech, autos and more.
Maybe it's because there were few other options. Maybe it's because HUMMER has fallen in relevance among automakers. Or maybe it's because people finally realize it was inevitable for a Chinese company to buy an American automaker.
Cramer tells you which to sell and the one that’s worth buying.
Nissan unveils its concept "Land Glider" electric car capable of tilting from side to side, sashaying into curves by up to a 17-degree angle.
With the economy showing modest signs of improvement, a number of companies that shed jobs during the recession are beginning to rehire the very same employees.
When the GM board of directors meets today the group will get an update from GM executives about the progress they're making turning around the troubled auto maker. The general consensus is GM is stable, but still far from ready to take off. The board knows this, and most importantly, so does Chairman Ed Whitacre.
Ever since Nissan announced the Leaf would be coming out next year, prospective buyers have been clamoring to get on the waiting list - 22,000 so far!
The Dow fell more than 2 percent Thursday, it's largest one-day loss since right before the summer rally began, as a weak ISM reading rattled confidence in the recovery. Shares of both GE and Comcast fell amid buzz that the two are in talks about GE's NBC Universal unit.
We knew September sales would be terrible following the Cash for Clunkers pop in July and August. So when you see both GM and Chrysler down more than 40% it's not a shock. Ford, after posting its first monthly sales gain in August, fell 8.8%. Toyota down 6.1%.
Stocks tumbled Thursday after a disappointing ISM report on manufacturing piled on to worries about the economic recovery.
It's long been clear the best part of Saturn was its dealer network: a collection of the savviest, most powerful and connected dealers in the country. They are the folks GM wooed in the late 80's and early 90's because they had been in the car business for years and knew how to do it right. For all the talk about Saturn having loyal customers and a clean image, the real value of the brand has been and remains the dealer network.
Futures indicated a slightly lower open for Wall Street on Thursday, as caution over the state of U.S. recovery tempered anticipation that the global economy would gather momentum in the final three months of 2009.
After 20 years, plenty or promise, and plenty of "what ifs", Saturn is approaching the end of the road.
General Motors says it's shutting down the Saturn brand after an agreement with Penske Automotive Group to acquire the unit fell apart.
With evidence mounting that texting and driving is more dangerous than drinking and driving, nearly everyone agrees that it is a huge problem that must be stopped. Sure, 18 states have made it illegal to text and drive, but the fact is many people-especially teens-continue to type away while behind the wheel. So why not take the next step, and have cars come with a device that jams cell phone signals for those in the driver seat?
Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel.
When the Toyota first announced a safety alert, two questions crossed my mind. First, how serious is this problem to fix? Second, how much will this stain Toyota's sterling reputation?
Less than two months after GM and eBay hooked up to try online sales of new cars in California, CNBC has learned the program will end as scheduled tomorrow.