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*GM finishes ahead of Japanese rivals Toyota, Honda. *Toyota, Honda remain highly ranked. DETROIT, June 19- General Motors Co. vehicles won eight awards in the annual J.D. Power& Associates survey of initial quality, a marked improvement since the largest American automaker turned itself around after a 2009 bankruptcy.
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The airline industry will lose $2.3 billion this year because of hikes in oil prices, the world airlines group said Monday, revising its earlier forecast of a collective industry profit.
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Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.
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Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent.
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General Motors said about 19,000 U.S. factory workers—just more than a quarter of its American blue-collar work force—had taken buyouts to leave the automaker.
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AutoNation CEO Mike Jackson joined the CNBC 'Squawk Box' crew to discuss the effects higher gasoline prices are having on the automotive industry and consumers. Americans, he said, have finally reached the "tipping point" at four dollars a gallon.
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Ford Motor plans to cut its U.S. salaried work force by up to 12 percent after its turnaround plan stalled because of the downturn in the U.S. economy, the Detroit News reported Wednesday.
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Route cuts at American Airlines will start with discontinuing some long-haul service, including Chicago flights to Honolulu and Buenos Aires, the carrier said on Tuesday.
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Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.
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United Auto Workers officials Sunday urged American Axle & Manufacturing Holdings workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.
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The Nissan Motor Company plans to sell an electric car in the United States and Japan by 2010, raising the stakes in the race to develop environmentally friendly vehicles
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FedEx's reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small US trucking companies.
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Ford Motor Chief Executive Alan Mulally said Thursday the automaker has seen a number of signs that its turnaround is gaining traction in the face of challenging North American conditions.
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General Motors workers at a Kansas assembly plant making the hot-selling Chevrolet Malibu went on strike as of Monday morning, an official at United Auto Workers union Local 31 said.
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A top aide to billionaire investor Kirk Kerkorian says Ford Motor should sell its Volvo and Mercury brands.
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Major automakers reported lower April sales across the board as record-setting gas prices stemmed vehicle purchases, with truck sales seeing especially steep falls.
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The destruction of the orange sedan with its slapdash paintwork may have been intentional but it was far from wanton.
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Continental Airlines has called off talks with United Airlines because of the other carrier's weak financial condition, and "the increasing cost of oil increases the risk of doing an airline merger," a source briefed on that matter said Sunday.
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Billionaire investor Kirk Kerkorian has taken aim at the No. 2 U.S. automaker, acquiring what could become a 5.6 percent stake in Ford Motor.
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The parent of United Airlines, which held unsuccessful merger talks with Continental Airlines, said on Sunday it would pursue all options to ensure a sustainable future.
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American Airlines has had early-stage merger talks with US Airways and is in advanced talks for an alliance with Continental Airlines, sources briefed on the situation said.
Behind the Wheel with Phil Lebeau
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A new study shows drivers who use hands free cell phones to talk or send messages while on the road are more distracted.
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With Chevy Volt sales lagging and inventory backing up, General Motors is offering up to $5,000 cashback.
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A decade after the Toyota Prius became the first hybrid to get large numbers of buyers, sales of the car need a charge.
Most Popular Video
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.