SAO PAULO, Feb 27- The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state...» Read More
Yes, even the seemingly bullet proof auto makers have stalled. This morning, Toyota reported abysmal third quarter results and warned that it's heading toward its first annual loss since 1950.
In just over a month, Melbourne will once again, be filled with the screams of high-revving engines and the scent of Formula One petrol fumes. But can F1 survive the global recession? Is the sport still relevant?
The suppliers are now talking with the Treasury Department about getting $20.5 Billion in federal aid. These guys are hurting, close to collapsing, and on the verge of blowing a hole through the auto industry.
Companies are trying to find the right pitch for these tough times, and those who think it’s just about cutting prices, extending warranties, or throwing in something for free are sadly mistaken.
When auto sales plunge 37%, it may seem like I'm piling on pointing out the auto makers who really struggled during the worst month for the industry in 27 years.
All right, before you fire off an e-mail to me and tell me to "get a clue" because tens of thousands of people did buy a new car or truck last month, take a deep breath. Exhale.
Ford reported January sales dropped 42 percent, which is far worse than the estimate on Wall Street of a decline of 31 percent. On the surface, this would appear to support concerns that the auto market has not stabilized. I'm not sure that is a fair conclusion. Here's why.
Strange as it sounds, January auto sales could wind up being worse than the dismal numbers we saw in December. While that may lead some people to think the auto market and consumer are getting weaker, the reality could be far different.
General Motors and Chrysler are offering blue-collar employees another round of buyout and early retirement offers as the automakers try to cut their work forces and reduce expenses, union officials said.
For GM and Chrysler, this is when the good stuff will start happening. After a month of seeing relatively little from GM and Chrysler about how they plan to restructure their operations, we could be on the verge of a couple busy months.
In truth, few Super Bowl car ads ever really stick with viewers. Think about it? How many can you remember? Aside from Cadillac's "break through" ads featuring Led Zeppelin, few have staying power.
Yeah, right. Actually, the working sessions and panels are better attended than any conference I've ever seen.
NOT SEEN ON T.V.: Is your car being targeted by police more than others?
Any time a company burns through 59 million dollars in cash every day, it's not good. But for Ford, burning through $5.5 Billion in the fourth quarter is a huge improvement from burning 83 million dollars a day in the third quarter.
The United Auto Workers will suspend its jobs bank program at General Motors next Monday, CNBC confirmed.
I asked the questions, and you told me in no uncertain terms what you think the President should do with the auto makers. Your reasons for each answer varied, and there were some you disagreed on more than others. With that said, let me give you a sense of some answers.
I hear it all the time. "Those guys know how to build a car that can get 50 MPG, but they just don't want to."
The movers and shakers at Davos don't travel cheap. But just one day after the news Citi has a fancy new elite private jet on the way, a billionaire investor travels commercial.
President Barack Obama's decision Monday to reverse a pair of Bush administration environmental policies could be an sign of other decisions the new White House team could take to combat climate change.
U.S. President Barack Obama told the Environmental Protection Agency Monday to reconsider California's request to regulate greenhouse gas emissions from cars, reversing the climate policies of former President George W. Bush.