As the Detroit Auto Show kicks off, automobile executives shared their perspectives on the economy, vehicle demand and the industry's future.
The past couple of years have been very tough ones for the US auto industry, but this isn't a new situation for many automakers. Take a look at some of the milestones in the auto industry since the 1970s.
As I walk around the Detroit Auto Show, the gloom and doom of last year has lifted. Replaced with cautious optimism. All is not well in Motown, but there are reasons to be optimistic.
The sheer number of hybrid and electric vehicles on display at the 2010 North American International Auto Show in Detroit certainly illustrates the green commitment of automakers, but other--more significant--environmental improvements will be less noticeable.
Tanking sales and gloom hang over Detroit as its annual auto show begins this week. Maybe the worst is behind it, as GM and Ford are up 26% and 15% YTD respectively.
Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
Ford Motor plans to to return its North American operations to profitability in 2009 are progressing well and are not affected by signs of slowing U.S. economic growth, top officials said Sunday.
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.
Volkswagen will decide in 2008 where to build a new auto plant in North America, VW chief executive and management board chairman Martin Winterkorn said on Sunday.
General Motors has room for additional cost cutting in its U.S. business, a top company executive said Sunday.
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...
Carmakers from across the globe have been revealing their latest innovations at the North American International Auto Show in Detroit this week. While soaring energy prices have put some companies to work building hybrids with better fuel economy, others have focused on design to wow potential buyers. CNBC’s Phil LeBeau spoke with Automobile magazine’s Jean Jennings about developing trends in minivans – turning the backseats into a lounge area.
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.”
Toyota has been grabbing headlines and market share. But can rival Nissan grow just as aggressively? On CNBC’s “Closing Bell” Nissan's General Manager for North America--William Bosley--explained his company's plans to "shift" into high gear. In a first on CNBC interview (live from the Detroit Auto Show) Bosley showed CNBC’s Phil LeBeau the car that he's banking on to expand market share.
As Detroit's Big Three automakers face tough competition from an increasingly powerful Toyota, executives at the Detroit Auto Show expressed confidence that turnaround and restructuring plans could stem losses and new offerings would lure drivers back in their showrooms.
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.”
For the famous and fashionable, weekend motor trips are about to become a little more--fabulous. For the first time in 5 years Rolls Royce is making a convertible. At the Detroit auto show--CNBC’s Phil LeBeau spoke to Rolls Royce CEO Ian Robertson on "Morning Call" about the unstoppable demand for this ultra-luxe auto. The Phantom Drophead Coupe convertible is already making heads turn in Detroit--with a sleek stainless steel bonnet...
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.
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.