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Automobiles and Components

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  • GM March Sales On Par With January, February Monday, 16 Mar 2009 | 8:53 AM ET
    General Motors Headquarters

    GM car sales for March are so far at the same pace as levels seen in January and February, Troy Clarke, president of GM North America tells CNBC.

  • GM Shares Rise On Optimism Friday, 13 Mar 2009 | 11:35 AM ET
    GM auto dealership with sign.

    When a stock trades down around $2.50 a share it's dangerous to make too much out of a dramatic move up or down.

  • GM Tells Treasury, "No Thanks - For Now" Thursday, 12 Mar 2009 | 12:28 PM ET
    General Motors

    Today, General Motors announced it no longer needs a $2 Billion dollar loan from the Treasury Department this month.

  • The Terminator's Day In Motown Thursday, 12 Mar 2009 | 11:40 AM ET
    Arnold Schwarzenegger

    Schwarzenegger has come to personify what many in the domestic auto industry can't stand. He is unabashed in his belief auto makers can and should make cleaner, more fuel efficient vehicles.

  • World Car Of The Year Finalists Tell Ford's Global Story  Wednesday, 11 Mar 2009 | 10:43 AM ET

    Remember when Ford CEO Alan Mulally took over the top job at the auto maker and boldly pronounced, "We will win with great cars!"? I do. I remember thinking, "Well, this will be interesting to see if Ford can truly become competitive in cars."

  • Jay Leno To Bring His Stimulus Plan To Detroit Tuesday, 10 Mar 2009 | 12:01 PM ET
    Jay Leno

    Tonight Show host Jay Leno knows that. Which is one reason he is bringing "Jay's Comedy Stimulus Plan" to Detroit on April 7th and giving away tickets to anyone who says they are unemployed.

  • This afternoon, the UAW members at Ford overwhelmingly voted in favor of changing their contract with the auto maker.

  • Auto Task Force Road Trip Shows Long Road Ahead Monday, 9 Mar 2009 | 8:36 AM ET
    Obama Auto Team

    When President Obama's Auto Task Force rolls into Detroit Monday it will spark another round of stories and speculation about when the Treasury Department will decide the fate of GM, and Chrysler. Don't hold your breath.

  • GM Shares Crater As Auto Team Meets At White House Friday, 6 Mar 2009 | 12:37 PM ET

    Shares of GM have been getting hammered due to growing speculation the beleaguered auto maker is edging closer to filing for bankruptcy.

  • Let Failing Businesses Go Bankrupt: Electrolux CEO Friday, 6 Mar 2009 | 11:57 AM ET

    As General Motors mulls spinning off its European unit Saab, the CEO of Electrolux, Hans Straberg, told CNBC that failing businesses should be allowed to go bankrupt and not receive any more state aid. 

  • GM's Bankruptcy Dance Friday, 6 Mar 2009 | 9:19 AM ET
    General Motors

    After General Motors issued its 10K report yesterday casting doubt on whether it can survive, there have been plenty of questions about why GM doesn't just go into bankruptcy.

  • GM Auditors Raise the Specter of Chapter 11 Thursday, 5 Mar 2009 | 12:09 PM ET
    GM auto dealership with sign.

    General Motors' auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.

  • GM CEO's Salary Valued at $14.9 Million Thursday, 5 Mar 2009 | 11:42 AM ET
    GM auto dealership with sign.

    General Motors' says it gave Chief Executive Rick Wagoner compensation valued at $14.9 million last year for leading a company that lost $30.9 billion and is running on government loans. 

  • Inside GM: Why It's So Bad Thursday, 5 Mar 2009 | 9:59 AM ET

    Admit it. When you see the headlines of GM warning it could be forced into chapter 7 bankruptcy and liquidate, you likely have two reactions. First, you say "Duh! These guys have been hanging on by a thread, of course they could go under."

  • AutoNation CEO: Green Cars Will Not Spur Industry Thursday, 5 Mar 2009 | 9:57 AM ET

    Autonation CEO Mike Jackson said today that despite the government’s push towards fuel-efficient vehicles, the creation of green cars will not spur auto sales.

  • The New American Mantra: 2 Cars For Life Wednesday, 4 Mar 2009 | 9:53 AM ET

    After years of getting into the habit of buying or leasing a new car every 3 or 4 years, or even going one step further and buying a third car for a house with only two drivers, Americans are pulling back.

  • GM Bondholders to Meet Obama Auto Task Force Tuesday, 3 Mar 2009 | 3:44 PM ET

    Members of the General Motors bondholders committee will be meeting with President Barack Obama’s auto task force on Thursday in Washington, CNBC has confirmed.

  • GM Sales Cut In Half, Toyota By More Than A Third Tuesday, 3 Mar 2009 | 2:20 PM ET

    February auto sales are shaping up to be as weak, if not weaker, than the poor results posted in January.

  • Ford Falls More Than 48% Tuesday, 3 Mar 2009 | 12:55 PM ET

    Ford's February auto sales fell a whopping 48.4%, which will re-enforce fears the the economy continues to stumble.

  • Geneva Motor Show: Fast Cars and the Credit Crisis Tuesday, 3 Mar 2009 | 11:13 AM ET
    Mercedes

    Geneva is hosting auto manufacturers from all over for the globe this week for the 79th International Motor Show. It’s no secret that the auto industry has been hit particularly hard since the onset of the recession, but as the as this year’s motto says, "the show must go on."