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Automobiles and Components


  • Volkswagen Operating Profit Beats Expectations Wednesday, 23 Jul 2008 | 4:40 AM ET

    Second-quarter operating profit at Volkswagen rose, the world's fourth-largest carmaker said on Wednesday, easily beating market expectations.

  • Peugeot Citroen Profit Rises, Keeps Margin Target Wednesday, 23 Jul 2008 | 2:09 AM ET

    Europe's second-biggest car marker PSA Peugeot Citroen on Wednesday maintained its operating profit margin target for 2008 as first-half earnings rose more than expected on the back of cost cuts.

  • Toyota May Cut Global Sales Goal to 9.5 Million Units Tuesday, 22 Jul 2008 | 7:32 PM ET

    Toyota Motor may cut its 2008 global vehicle sales target by as much as 350,000 units to about 9.5 million because of declining sales in the United States, Japan and Europe, according to news reports. 

  • India's Maruti Suzuki Profit Down 7%, Beats Forecast Monday, 21 Jul 2008 | 10:06 PM ET
    The new Suzuki Splash concept car is on display during the press days at the 77th Geneva International Motor Show in Geneva, Switzerland, Wednesday, March 7, 2007. The Geneva Motor Show is open to the public from March 8 to 18, 2007, presenting more than 250 exhibitors and more than 80 World and European premieres. (AP Photo/Keystone, Martial Trezzini)

    Maruti Suzuki India, the country's top automaker, reported a smaller-than expected 7 percent fall in quarterly profit, as high costs of raw materials and a new depreciation policy outweighed higher sales.

  • Nissan And Why It's In the Catbird Seat Monday, 21 Jul 2008 | 8:52 AM ET

    It may be the number one question I get from people when they ask about the struggling U.S. automakers: Who would want these guys if they ever go belly up or get sold?

  • Automaker Stocks: Out Of The Woods Yet? Friday, 18 Jul 2008 | 8:37 AM ET

    First, as oil has dropped like a rock, a lot of money has shifted, at least temporarily from commodities to stocks. Money that had to go someplace, and GM shares were a perfect buy. This stock, in my opinion, was way oversold when it dropped under $9 a share.

  • Automakers Going Bankrupt: It's NOT An Option Thursday, 17 Jul 2008 | 9:04 AM ET

    Over the last two months, I've heard one comment over and over about the dire straits Detroit's Big 3 find themselves in right now: Just go bankrupt and wipe the slate clean. This is one of those ideas that on paper makes sense on some level.

  • London Is World's Most Expensive Parking Spot Thursday, 17 Jul 2008 | 1:14 AM ET
    4 x 4 vehicles are seen parked next to other cars in a controlled parking zone on Richmond Green, in Richmond, south west London, Tuesday Jan. 30, 2007. Residents of one suburban London district will soon pay annual parking fees based on how much carbon dioxide their cars emit _ meaning leaving the SUV home will save gas, but not money. The Richmond council agreed Monday to levy a sliding a scale of charges based on emissions, leading to the biggest polluters paying 300 pounds (USD 590, 450 euro

    As if rising gasoline prices weren't enough, motorists are being hit by higher parking charges, with London coming up tops as the world's most expensive city to park your car, according to a survey.

  • Falling Oil, Beaten Forecasts Ignite Airline Stocks Wednesday, 16 Jul 2008 | 2:11 PM ET

    Delta Air Lines and AMR both swung to a hefty losses, but their shares took off as the results beat diminished forecasts.

  • GM's New Models: Will They Save The Automaker? Wednesday, 16 Jul 2008 | 8:56 AM ET
    2008 Cadillac CTS Coupe

    Amidst all the talk about GM coming up with $15 Billion dollars to increase liquidity there was an important announcement about new models coming from the struggling automaker. Seven new ones that will be key to fueling GM's recovery.

  • European Car Sales Plunge in June Wednesday, 16 Jul 2008 | 6:48 AM ET
    Woman looks at new Toyota Camry on dealer lot

    The European car market suffered another month of heavy declines in June and its fourth drop overall this year as rapidly deteriorating economic conditions kept new car buyers from leaving the house.

  • Continental Rejects $17.8 Billion Bid from Schaeffler Wednesday, 16 Jul 2008 | 5:13 AM ET

    Tires-to-brakes maker Continental rejected a surprise 11.2 billion euro ($17.8 billion) bid from Schaeffler Group on Wednesday, saying only the  family-owned  firm would benefit and that its offer was too low.

  • Toyota to Cut 2008 Global Sales Goal by 3.6% Tuesday, 15 Jul 2008 | 11:15 PM ET

    Toyota Motor will cut its global sales target for calendar 2008 by 3.6% to 9.5 million vehicles to reflect a sharp slowdown in the United States, Japanese national broadcaster NHK said on Wednesday.

  • GM Hopes to Add $15 Billion in Liquidity; Cuts Dividend Tuesday, 15 Jul 2008 | 12:50 PM ET
    GM Headquarters

    General Motors said Tuesday it would cut salaried employment costs by 20 percent, sell up to $4 billion of assets and borrow at least $2 billion in a bid to bolster its liquidity by $15 billion through 2009.

  • European Stocks Hit 3-Year Closing Low Tuesday, 15 Jul 2008 | 12:50 PM ET

    European stocks dropped 1.9 percent on Tuesday, knocked lower by growing fears over the fate of the financial services sector, but a steep fall in oil prices helped the market end above the session's lows.

  • GM: It Will Take More Than Cuts To Get Back On Track Tuesday, 15 Jul 2008 | 10:48 AM ET

    For the second time in five weeks, General Motors is making major cuts to give its business the breathing room it needs to hopefully turn things around. Unlike the last restructuring, five weeks ago, where GM cut truck plants and put HUMMER up for sale, these latest moves are about saving cash as soon as possible.

  • Swedish Firm Speeds Up US Factory Closure Tuesday, 15 Jul 2008 | 5:59 AM ET

    The world's number one bearings maker, Swedish SKF, is speeding up plans to close down a factory in Kentucky, moving production to Mexico as the financial markets turmoil has hit hard the automotive industry, SKF CFO Tore Bertilsson told CNBC.com on Tuesday.

  • GM Set to Announce Further Steps to Cut Costs Monday, 14 Jul 2008 | 4:28 PM ET

    General Motors Chief Executive Rick Wagoner is set to announce further steps on Tuesday morning to cut costs in the face of slumping sales.

  • Volkswagen: Welcome Back To the U.S. Monday, 14 Jul 2008 | 9:48 AM ET

    This week we could finally hear the location where Volkswagen plans to open a new assembly plant here in North America. Huntsville, Alabama is considered to be the favorite, but the fact is the only location that really matter is North America.

  • Well, I asked and you told me. When I asked earlier this week if you would buy a Volvo if the brand were sold to a Chinese automaker, and you answered emphatically, "NOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!"