After more than 100 years of selling cars, GM is giving car-sharing a spin with a new service targeting the growing mobility-on-demand market.» Read More
It wasn't just Dolphins Stadium that left people feeling all wet Sunday: the auto ads were largely forgettable. From Ford's F-series Super Duty to Honda's fuel efficiency message, the auto ads were, in my opinion, largely forgettable.
The latest survey of new car buyers from CNW marketing research shows the perceived quality of European brands continues to slide. While Volvo, Audi, and Porsche have higher perceived quality compared to a similar survey in 1997, Mercedes, BMW, and VW are all lower. In fact, Mercedes has gone from #1 to #12 in CNW's quality perception survey. The only silver lining for the Euro brands is that they are still given high marks by car buyers.
It's a statistic that will have Detroit buzzing. In January, the Detroit 3-formerly known as the big 3- sold 50.6% of the cars and trucks in the U.S. A record low. Think about that stat for a minute. We are on the verge of seeing Americans buy more foreign brand cars and trucks than domestic nameplates. Don't be surprised if that happens in February or March. The biggest reason for the fall-off in domestic sales is ...
Today, January auto sales will come in and they won't be pretty. In fact, for the big 3, they will be downright ugly. This is what happens when the auto companies kick the fleet sales habit. Wednesday Ford gave us a preview of what to expect saying january sales plunged 20%, with fleet sales crashing 40%, and daily rental sales falling 60% compared to January of last year. Don't cry for Ford. Getting off the Fleet fix is what the company wants, and frankly what it needs to do.
I come back from a week on the slopes of Colorado and find three tidbits about the automakers that show even in the bitter cold and dreary days of January (except in the Rockies) ... there are some interesting stories.
President Bush wants us to kick the gas habit and cut our use of gasoline by 20% in 10 years. Detroit's automakers have been clamoring for this by pledging to build even more E-85 ethanol cars and trucks. Still, I wonder if this will really happen.
The news from Renault Nissan CEO Carlos Ghosn out of eastern Europe today -- that his company is no longer seeking a third auto company for an alliance -- should send a clear message: automakers are not yet ready to consolidate.
It's strange to think an entry level car is an important model for a luxury car company, but the new C-class is just that for Mercedes Benz. When Mercedes unveiled the C-Class Thursday afternoon, the company touted better performance, more refinement, and a more aggressive look ... In other big automotive news Toyota is recalling more than 500,000 Tundra pick-ups and Sequoia SUV's due to steering problems that cause the vehicles to not stay in their lane.
The combination of higher gas prices and a slew of sharp, new pint sized cars helped drive American car buyers to make almost 1 out of every 3 cars bought last year a compact car. The question is whether that surge in sales will continue in '07 - especially if gas prices continue to fall.
The headlines crossed the wires hours apart, from different parts of the world, and but will do little to excite investors about auto stocks. A Toyota executive on Tuesday said the automaker would be open to forming an alliance with Ford to work on specific projects-such as sharing technology. Then last night, in a speech in Dearborn, Michigan, GM CEO Rick Wagoner said the world's largest automaker is open to pursuing a alliances with other automakers based on project cooperation. My reaction? ...
A weekend of playoff football was the perfect place for Toyota to show it's new Tundra's are every bit as tough as the full size pick-ups from Ford, GM, and Dodge. The real test is not only how many American truck buyers paid attention to the Toyota ads, but ultimately, how many people buy the new Tundra.
The headline on the Detroit News on Monday was big and bold. So bold, it caught my eye as I walked through the lobby of the hotel where I was staying. "China Is Coming" it read. The message was clear in a city that has watched thousands of jobs and billions of dollars disappear over the last 20 years because of foreign competition. If Michigan automakers thought the growth of Toyota, Honda and Hyundai were scary, they...
Congratulations GM, Toyota, Rolls-Royce and BMW. After three days of watching new models being revealed, those 4 automakers are, in my opinion, the big winners from this year's North American International Auto Show. For the first time in many years, GM has people on the show floor buzzing. On the practical front, the new Chevy Malibu is a major improvement and better positions the Malibu to compete with...
When I walked up to the Toyota display here at the North American International Auto Show in Detroit I was struck immediately by the automakers change of pace. Hybrids are on the back burner. Trucks in front center. Toyota's turnaround reflects what all the automakers are feeling about hybrids. They're important, but no more so than well designed internal combustion cars, trucks and SUV's.
Will the Tundra freeze out America's big three automakers? The Tundra is Toyota Motor’s entry in the pickup segment – and Toyota North America President Jim Press says the giant truck is an original with “guts.” Speaking to CNBC’s Phil LeBeau at the 2007 North American International Auto Show, Press said the Tundra’s engineering was “based on the Toyota DNA.”
Forget all things to all men – or so believes Ford Motor’s Executive Vice President Mark Fields - who says “polarizing” brands and products is smarter. Fields, who also holds the post of Ford’s president of The Americas, told CNBC’s Phil LeBeau how the centennial automaker plans to gain dominance in some segments – and maintain it in others.
The latest thing in cars isn’t being flaunted at the 2007 North American International Auto Show in Detroit. It’s in a booth at the Consumer Electronics Show in Las Vegas. Autonet Mobile CEO Sterling Pratz told “Squawk Box” of his company’s business model: creating “an ISP for cars.” Speaking from the Nevada gaming town, Pratz described Autonet’s system that converts autos into wireless broadband – or WiFi -- “hotspots.”
GM appears to be flexing new muscle at the Detroit Auto show. Not only did America’s largest auto company unveil a new muscle car, the Camaro convertible--but as CNBC’s Phil Lebau learned--GM CEO Rick Wagoner says he has clear plans to make his company equally lean and mean. On "Squawk Box" Wagoner told LeBeau he expects to see improved operating results and lower cash outflow in ’07.
The Chery-DaimlerChrysler alliance and Changfeng's "Cheetah" brand are only two of the big China stories at the 2007 North American International Auto Show.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
Google is boosting hiring for its self-driving car project as it looks to accelerate the drive to bring the vehicles to market.
Full-year profit increases by almost 50 percent on strong sales of new models, Lada-maker AvtoVAZ division hit by Russian car market slump.
Tesla's entry-level $35,000 Model 3 electric car will be available for preorder on March 31, Elon Musk says on Twitter.