Millions of Americans have walked away from GM, Ford and Chrysler because of quality, reliability and service problems. But times are changing in Detroit.» Read More
*GDP falls 0.8 pct q/q. PRAGUE, May 15- The Czech economy shrank by a surprising 0.8 percent in the first quarter as recession in the euro zone severely hit some export-oriented industries, mainly the car sector. The Czech Statistics Bureau said the year-on-year decline deepened to 1.9 percent.
NEW YORK, May 14- The wave of short-covering that drove shares of electric car maker Tesla Motors to huge gains last week appears to have subsided, but there are still plenty of investors willing to bet against the stock.
FRANKFURT, May 14- Ford Sollers, the Russian joint venture of U.S. carmaker Ford Motor Co, will build the EcoSport in Russia next year, at a time when the market for small SUVs is gaining traction in the country, Ford officials said on Tuesday. Ford Sollers broke ground on a $274 million powertrain plant in Russia on Tuesday.
"It will be up to car manufacturers to help us figure out what the cost of all this is going to be," LaHood, the outgoing transportation chief, said at a University of Michigan Transportation Research Institute conference.
Tesla has exciting new battery technology and is located in Silicon Valley, but is it enough to call it a tech stock?
RALEIGH, N.C.-- A bill backed by auto dealers that effectively blocks California's Tesla Motors Inc. from selling in North Carolina has passed the state Senate. The electric car manufacturer says the bill that passed the Senate unanimously Monday effectively bars it from selling to state residents through its Internet-based model.
JEFFERSON CITY, Mo.-- Missouri lawmakers are hoping the third time will be the charm in their quest to reinstate local taxes on cars, trucks and boats purchased from out-of-state dealers or in private transactions.
*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
Fisker Karmas, which sold new for $103,000 just a year ago, are now being sold for roughly half that price. In some cases, the model can't even fetch eBay bids above $50,000.
DETROIT, May 13- Recent improvements in rapport between automakers and their supply base stalled this year, a survey showed on Monday, with suppliers complaining about lack of communication, last-minute engineering changes and inconsistency in management.
Luxury electric automaker Fisker is on the verge of bankruptcy and now its Karma Sedan which once retailed for more than $100,000, are now going for cheap, with CNBC's Phil LeBeau.
The California EV manufacturer is promising even better numbers for the rest of the coming year as it ramps up production at its assembly plant near San Francisco.
Unsafe cars, coupled with Brazil's often dangerous driving conditions, have resulted in a death rate from passenger car accidents that is nearly four times that of the U.S.
May 11- Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday.
Included are 2006- to 2010- model-year Jeep Commanders and 2005 to 2010 Jeep Grand Cherokees, of which about 295,000 are in the United States, 28,500 are in Canada and 4,200 are in Mexico.
DETROIT, May 10- A meeting of U.S. Fiat dealers are struggling to turn a profit selling several versions of the Fiat 500 subcompact and some dealers said they anxiously await more details from Chrysler and its Italian parent, Fiat SpA, on plans to expand products beyond what has been already announced.
DETROIT, May 10- U.S. safety regulators said on Friday they have opened an investigation into possible problems with the headlights on General Motors Co's model year 2005 to 2007 Chevrolet Corvette sports cars. An estimated 103,374 Corvettes in the United States are subject to the investigation.
YOKOHAMA, Japan, May 10- Nissan Motor Co projected a 22.6 percent rise in net income for its current business year as the weakening yen allows Japanese carmakers to cash in overseas profits at more favourable rates.
The collectible car market appears to be back in high gear after a rocky few years. Craig Jackson, CEO of Barrett-Jackson Auction Company, explains.
Jake Fisher, Consumer Reports, explains why he gave the electric car a near-perfect rating of 99 out of 100.
Mercedes-Benz is digging in and putting more features into its redesigned flagship S-Class sedan.
Some of the most popular small SUVs have failed crash tests that simulate a common and deadly front end collision.
Has the auto industry gone too far selling new cars and trucks to those with subprime credit records?