Autos Automobiles and Components

  • Stocks rallied Friday after the latest employment numbers showed signs of a stabilizing job market.

  • The Consumer Assistance to Recycle and Save Act (CARS), aka The Cash for Clunkers program, is intended to help U.S. residents get a $3,500 or $4,500 credit toward purchasing a new, more fuel efficient vehicle when trading in a less fuel efficient vehicle. The hugely popular program quickly exhausted it's $1 billion appropriation in less than a week and the Obama administration quickly acted to add an additional $2 billion to keep the program afloat.Although there are several  a "clunker" vehicle

    See the most popular trade-ins and new vehicles purchased under the CARS program, according to the Transportation Dept.

  • Goldman Sachs logo

    If they say it, it must be so ... On Thursday Goldman Sachs said that since inventory liquidation has been so pervasive, the second half of 2009 will see stronger growth as that liquidation process is reversed...We have been feeling the same for some time.

  • Woman looks at new Toyota Camry on dealer lot

    They were waiting down at Gibson Chevrolet near Chicago for a couple of five-gallon cans of sodium silicate — liquid glass, they call it — to poison and kill the clunkers when the latest condemned car pulled up.

  • Futures jumped Friday after the latest employment numbers showed signs of a stablizing job market.

  • Car Allowance Rebate System

    Ever since Washington first signed off on Cash for Clunkers, I've heard a steady chant of criticism about the program....While I've heard all these concerns, I'll be honest that there are very few I agree with.

  • Stocks fell for a second straight session Thursday as tech stocks dragged after Cisco's tepid outlook and investors remained jittery ahead of tomorrow's jobs report.

  • Stocks pulled back Thursday after a higher open as Cisco dragged on the Dow.

  • Everett Dirksen (late Senator from Illinois) used to think $1 billion was a lot of money. "A billion here, a billion there and pretty soon you're talking about real money" he said in a famous hearing in the 1950's. It now seems a drop in the bucket when you think about a $787 billion stimulus package and a $1.8 trillion budget deficit.

  • General Motors logo

    General Motors's product development chief says the company will introduce a plug-in rechargeable midsize sport utility vehicle sometime in late 2010 or in 2011.

  • Stock index futures pointed to a mixed opening Thursday, with the tech-heavy Nasdaq futures faring the worst after Cisco's chief executive was cautious on calling a bottom.

  • Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.

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    Per yesterday’s release from the Bureau of Economic Analysis (BEA), in June U.S. personal income dropped 1.3%, while consumption (PCE) increased 0.4%.  However, PCE, adjusted for price changes, actually decreased 0.1% in June. Purchases of motor vehicles and parts more than accounted for the decrease in June as the White House’s (fast fading) “cash-for-clunkers” had little initial impact writes Stephen Schork.

  • Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

  • The head of the task force overseeing the auto industry says the U.S. government will not use its stake in General Motors to make social policy.

  • toyota_logo.jpg

    Automaker chief says Toyota is fast-tracking plans for an affordable sports car it will launch in the next few years and says US auto market will bounce back strong.

  • Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

  • Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.

  • honda_salesman.jpg

    Legislation to inject more money into the "cash-for-clunkers" program will pass the Senate before the start of a month-long recess at the end of this week, Senate Majority Leader Harry Reid said Tuesday.

  • Stocks ended flat Tuesday as investors took a breather after Monday's blockbuster rally.