BERLIN— Top directors of Volkswagen AG plan to give a two-year contract extension CEO Martin Winterkorn, who emerged on top of a power struggle earlier this year with company patriarch Ferdinand Piech. The automaker said Wednesday that the executive committee of its supervisory board agreed to propose to the full board that Winterkorn be granted a contract...» Read More
They are the rock stars of the North American International Auto Show at Cobo Hall in Detroit. They come with loud music, fog machines, dancing girls and acrobats. One even came with it's own skating rink. "They" are the concept cars. They are the future of the automobile business. Or not.
When the two largest automakers in the world announce major commitments to go green within minutes of each other, it is more than just a statement about the environment. Is about winning the battle for eco-friendly cars and trucks.
Luxury automaker Audi said Monday that it is closer to its goal of selling 1 million cars a year after it set a global sales record in 2007.
Conquering the fast-emerging markets of Brazil, Russia, India and China, commonly referred to collectively as BRICs, is the main priority for Nissan Motor, a top executive said on Sunday.
General Motors unveils a smaller, sporty model, the Hummer HX, that can be turned into a convertible or off-road vehicle and runs on ethanol.
CEO Norbert Reithofertold says the German carmaker is "open to cooperation" with other companies on ventures, and plans to add workers at its US plant as part of a big boost in production.
The new Dodge Ram pick-up is a big deal for Chrysler. As you’ll learn in the accompanying video, the heated competition is about more than size and power. It turns on how much luxury, convenience and cargo capacity an automaker can design into a vehicle.
Kid Rock rocked Detroit Saturday night with an inspired concert to cap off General Motors' Style event. Rock, Mary J. Blige and Maroon 5 performed for a packed house while the latest GM models rolled up and down a model runway.
Friday afternoon I walked into Cobo Hall in Detroit and there was a flurry of activity with cars being brought in, stages being set up, and elaborate new model introductions being rehearsed. Welcome to Detroit two days before the city's big auto show.
Like most big trade shows, the North American International Auto Show, (aka: The Detroit Auto Show), kicks off with closed-door sessions for the news media before opening to the general public Jan. 19.
From where I'm standing right now there must be 150 workers pounding or moving or sawing something. It is a symphony of construction that has been over 100 days in the making. The fate of some presidencies is settled in less time that it takes to build this thing.
Talk about a little car making a big impression. Yesterday, when you saw Tata's new microcar, the Nano, and its equally small price of $2,500 you sent me e-mails. You love it! You really, really love
British aero-engine maker Rolls-Royce Group plans to cut 2,300 jobs from among its managerial, professional and clerical staff to help offset rising costs and the effect of the weak dollar.
We won't see it here in the states anytime soon and there are still plenty of questions about how much of a market there is for this pint size car. Still, the new Nano by Tata is getting big buzz. The company unveiled the car yesterday in India, and since its reveal I've been inundated with questions from other bloggers...
India's Tata Motors on Thursday unveiled its much anticipated $2,500 car, an ultra-cheap price tag that brings car ownership into the reach of tens of millions of people. But critics worry the car could overwhelm the country's roads and create an environmental nightmare.
Nissan Motor, Japan's third-biggest automaker, is set to supply Chrysler with fuel-efficient small cars, Japanese broadcaster NHK reported on Thursday.
Having covered and coming to know Alan Mulally during his time running Ford and previously as head of Boeing Commercial Airplanes, I've come to expect him to be upbeat, even in the most dire of times. I've also been with him enough to know when his optimism turns to quiet confidence.
It's the grand daddy of American auto shows, so it's about time the Detroit Auto Show goes "Prime Time." It finally happens next week and we couldn't be happier that CNBC is the network raising the profile of the auto show.
Slowdown talk hurts tech, commodities, defense stocks today. UBS downgrades IBM on concerns about a slowing in tech orders; Deutsche Bank downgrades Boeing and Goodrich. Commodities weak across the board—metals, steel, iron ore (2nd day in a row.) Defensive stocks—consumer, drugs all strong. Lilly upgraded at Morgan Stanley.
Have you seen the Ford Explorer lately? The current model shows just how far the once vaunted SUV has plunged, while the new Explorer America Concept is a vision of where sport utilities and Ford may be headed in the future.