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.
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.
Electric cars are the rage at the North American International Auto Show in Detroit with General Motors unveiling a new "concept" car called the Volt designed to use little or no gasoline.
General Motors hopes to increase its U.S. retail sales in 2007 despite what is expected to be flat growth at best for the U.S. auto industry, Chief Executive Rick Wagoner told reporters on Sunday.
Chrysler Chief Executive Tom LaSorda says the company's restructuring will be on a smaller scale than that of rivals Ford and General Motors.
Capping a record year in 2006 with a 10% jump in group vehicle deliveries last month, BMW aims to continue in 2007 with its sixth straight year of sales growth, the company said on Sunday.
In a few days, a slew of new models will be unveiled at the Detroit Auto Show. Some will blow us away. Some will make us yawn and say, "are you kidding me?" But one in particular will take your breath away. It's the new Rolls Royce Drophead Coupe. Stunning. Impressive. Yowza. I'd use those adjectives to describe the Drophead convertible I rode in and examined while visiting the Rolls Royce Motors headquarters in Goodwood, England.
Ford CEO Alan Mulally says the struggling automaker is on target to return to profitability by 2009. Mulally also downplayed his meeting with Toyota's Chairman Fujio Cho saying he's talking with leaders from many automakers to better understand the industry and see if there are opportunities for mutual cooperation.
The world's automakers are spending over $200 million at this year's North American International Auto Show in hopes that vehicle buyers will spend big.
CNBC’s auto-market blogger Phil LeBeau told “Squawk Box” that the hottest development may come from Shanghai; and GM and Nissan alliance talks stoked merger mania.