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Automobiles and Components

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  • The announcement by UAW President Ron Gettlefinger that his union may make material changes to its contract to help the Big 3 is a big deal.

  • Would You Buy a Car From a Bankrupt Manufacturer? Friday, 5 Dec 2008 | 10:53 AM ET

    Suppose you were going to buy a new car. With all things being equal — like price, performance, extra features — would you be willing to purchase a car made by a manufacturer that has filed for bankruptcy protection?

  • How desperate are the Big 3 CEOs? Just count their television appearances.

  • Futures Tumble After Huge Job Loss Friday, 5 Dec 2008 | 9:22 AM ET

    Stocks fell sharply Friday after the biggest monthly job loss in 34 years.

  • Alan Mullaly, Robert Nardelli, and Rick Wagoner

    If you watched the Big 3 CEOs on Capitol Hill Thursday you probably came away with two impressions. First, the contrite tone of the CEOs makes it clear the auto makers know they have to try a more humbled approach.

  • Web Extra: Fast & Furious Trades For Friday Thursday, 4 Dec 2008 | 6:56 PM ET

    In this Web Extra the traders reveal how they're playing Friday's jobs report, the Big 3 bailout hearings and more!

  • Today's Top Videos: Auto Bailout, Job Cuts & More... Thursday, 4 Dec 2008 | 4:14 PM ET

    The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:

  • Factory Orders Drop More Than Expected in October Thursday, 4 Dec 2008 | 10:12 AM ET

    Orders to U.S. factories plunged in October by the sharpest amount in over eight years as a deepening recession caused big cutbacks in demand for steel, autos, computers and heavy machinery. Analysts expect the weakness will continue for some time.

  • Web Extra: Fast & Furious Trades For Thursday Wednesday, 3 Dec 2008 | 6:52 PM ET

    In this Web Extra find out how the traders are playing Thursday's market moving events including financial guidance from Merck, retail numbers and more.

  • Stocks Rally Despite Economic News Wednesday, 3 Dec 2008 | 5:09 PM ET
    NYSE traders

    Stocks overcame an array of dismal economic reports and rode hopes that the market may have achieved at least a temporary bottom to close higher Wednesday.

  • If Big 3 Get Bailout, Charge More At Parking Meters! Wednesday, 3 Dec 2008 | 4:21 PM ET
    Parking Meter

    Yesterday we learned that the windy city wants to lease its parking meters to a private company that would raise daytime hourly parking rates in downtown Chicago from $3 now to $6.50 by 2012. Sound exorbitant?

  • On the Road to DC, Chrysler Exec Rallies Dealers Wednesday, 3 Dec 2008 | 4:19 PM ET

    Chrysler Vice Chairman Jim Press reiterated the need for government aid to help support the auto industry as he travels to hearings in Washington, D.C.

  • An Alternative to Bailout Nation Wednesday, 3 Dec 2008 | 1:39 PM ET

    At his news conference this morning, where he introduced New Mexico Gov. Bill Richardson as Commerce-secretary designate, President-elect Obama refused to play his hand on the Detroit/GM bailout story. That tells me he’s aware that the country is getting fed up with the thought of bailout nation.

  • Stocks Bounce Back as Biotech Booms Wednesday, 3 Dec 2008 | 1:29 PM ET

    The stock market was far off its morning lows, coming close to turning positive, as investors shook off a handful of weak economic reports and snapped up biotech shares and other defensive plays.

  • Consumer Fear at Root of Auto Woes: Auto Dealer Wednesday, 3 Dec 2008 | 12:27 PM ET

    The current problems facing the automotive industry are a result of consumer fear, not the Big Three U.S. automakers, according to John Bergstrom, CEO of Bergstrom Automotive, one of America’s most powerful car dealership groups.

  • Automakers Want $34 Billion, What Do We Get? Wednesday, 3 Dec 2008 | 9:01 AM ET
    Chevrolet Dealership

    Chrysler's plan may be the most troubling, largely because it shows how much money the company needs right away. Chrysler wants $7 Billion by the end of the year. Chrysler's plan also talks about the "synergies" that would be derived from Chrysler being consolidated with another auto maker.

  • Futures Point Lower as Economy Weakens Wednesday, 3 Dec 2008 | 8:46 AM ET

    Stocks were set to give back some of their sharp gains from Tuesday's session but were off their morning lows after data showed a sharp increase in mortgage applications last week.

  • Auto Makers Report Sharply Lower November Sales Tuesday, 2 Dec 2008 | 5:30 PM ET

    U.S. light vehicle sales at General Motors and Chrysler plunged more than 40 percent in November, while Ford's sales dropped 31 percent, battered by an economic storm that has sent consumer demand for new vehicles to lows not seen in decades.

  • Small Players Vie for ‘Green Car’ Loans Tuesday, 2 Dec 2008 | 2:32 PM ET

    A number of small companies are angling for a piece of a $25 billion auto industry loan program, set up by the Department of Energy to quicken the development of fuel-efficient cars.

  • Predictions: 9 For '09 In Autos Tuesday, 2 Dec 2008 | 11:30 AM ET
    General Motors world headquarters, Detroit, Michigan

    The Big Three will become two, Detroit will need more help from the government, SUVs will enjoy a modest rebound and electric cars will fire up the industry.