Additional economic stimulus such as a payroll tax cut would boost hiring, Mike Jackson, the CEO of AutoNation, told CNBC on Thursday.
As Chinese automaker Geely closes in on completing its purchase of Volvo from Ford, two things strike me; The lack of concern among those in the auto business and the lack of paranoia by those outside the industry.
The three sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
Today Daimler is launching car2go in Austin, Texas. But make no mistake, this is just the start of automakers and rental car companies either jumping into or expanding their car sharing programs.
Almost 90 days after coming out of bankruptcy, General Motors is showing signs of getting healthy and moving closer to getting back in the black. And there's no doubt, the "new" GM is doing far better than the old GM.
Nissan CEO Carlos Ghosn could not have been any clearer about how many people will buy electric vehicles 10 years from now.
For all its financial troubles and shortcomings as an automaker, no aspect of G.M. has confounded its critics as much as its hidebound, command-and-control corporate culture. The New York Times looks at the carmaker's effort to change.
Police say a low-flying pelican distracted a driver in Texas, causing him to veer off a road and drive his million-dollar sports car into a salt marsh.
Is it possible to profit from road rage? One Web site hopes so.
In the auto world, everyone is searching for the "Big Mo" - momentum. It's elusive and some of the best-laid plans rarely wind up producing it. But for three companies, the latest report from Kelley Blue Book shows Audi, Ford and Hyundai are generating more interest with potential buyers.
It stole the show at last year's auto show. Now the Cadillac Converj is getting the green light from General Motors. This is not only a smart move that could pay off over time for GM, but it also shows how far the auto maker has come in moving quicker when it comes to taking new models from concept to production.
Ever since Chrysler CEO Sergio Marchionne and his management team unveiled their plan for reviving Chrysler last week, much has been made about what the plan is and is not built around: A heavy emphasis on four cylinder engines and very little mention of hybrids and electric cars.
Owning a classic car is often a childhood dream and in May this year the highest price ever was reached at an auction for a classic car: 9 million euros ($12.2 million) for a 1957 Ferrari Testa Rossa.
In some cases, the difference between a winner and loser is often in the eye of the beholder--who can be a victim or a beneficiary--or simply a political ideologue. That’s why we want readers to weigh in and vote on a variety of people and concepts. We’ll report back with results and rankings on December 1.
The latest sales numbers out of China this morning are further vindication that General Motors strategy in that country is paying off.
Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions.
What's in a name? They found out in Proctor, Minn., this week when the motorized chair, formerly known as La-Z-Boy, sold for just a fraction of what it was going for before La-Z-Boy made them stop using their name.
General Motors is already feeling the backlash of its decision not to sell European automaker Opel to Magna International, as workers in Germany went on strike. GM faces not just ire over American-European cultural differences, but worker unease at job security, European-style.
The old Chrysler was famous for its aggressive marketing and auto-show stunts, like running a cattle drive down the streets of Detroit to publicize a new pickup. But for its coming-out party on Wednesday, the new Chrysler stuck to a far more serious and subdued script, says the New York Times.