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Automobiles and Components

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  • GMAC Hits Big Roadblock In Bid to Become a Bank Wednesday, 10 Dec 2008 | 11:01 AM ET

    GMAC, the troubled auto and mortgage lender, warned it may not have enough capital to become a bankholding company, the latest blow to the battered auto industry.

  • $73 an Hour: Adding It Up Wednesday, 10 Dec 2008 | 10:29 AM ET

    Seventy-three dollars an hour. That figure has become a big symbol in the fight over what should happen to Detroit, but is it reaaly what a UAW worker earns?

  • Busch: Fed's Reach Into Private Sector Has Limits Wednesday, 10 Dec 2008 | 9:50 AM ET
    Andrew Busch

    At the minimum, government is inefficient in allocating resources. At the worst, they allocate resources based on political favors and based on enacting social policy. This is why the letter by Fed Chairman Ben Bernanke is a step in the right direction.

  • The "Car Czar" Needs A Big Hammer For Big 3 Wednesday, 10 Dec 2008 | 9:31 AM ET
    Alan Mullaly, Robert Nardelli, and Rick Wagoner

    If Washington approves this $15 Billion bailout by the end of today or tomorrow (and yes, I think that will happen) the question will turn to who becomes the "Car Czar." It will be a presidential appointment and it will be crucial to determining if this auto bailout actually works.

  • Stocks Pushed Higher By Auto Bailout Wednesday, 10 Dec 2008 | 9:00 AM ET

    U.S. stocks looked set for a sharp jump higher at the open Wednesday, as a looming deal to bail out Detroit auto makers raised investor enthusiasm for the industry.

  • Trump: Rescue Big 3, But Put Them in Chapter 11 Wednesday, 10 Dec 2008 | 8:07 AM ET

    Detroit auto makers should be rescued, but through a planned bankruptcy overseen by the federal government, according to real estate magnate Donald Trump.

  • Auto Bailout Is Nationalization of Dinosaurs: Hendry Wednesday, 10 Dec 2008 | 4:15 AM ET

    The automakers' bailout will not boost Wall Street as investors are unlikely to see advantages in subsidies granted to "dinosaurs," Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.

  • Stocks Snap Two-Day Rally Tuesday, 9 Dec 2008 | 8:00 PM ET

    Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."

  • Market Insider: US Gets Money for Nothing Tuesday, 9 Dec 2008 | 6:58 PM ET

    The stock market's Santa rally has been temporarily grounded as a winter chill continues to swirl around credit markets.

  • What Should Be Done to Help Auto Industry: Experts Tuesday, 9 Dec 2008 | 2:32 PM ET

    Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.

  • GM Dealership

    Whatever happens to the Detroit automobile companies, all three carmakers have told Congress they need to cut their dealer networks as a fundamental element of their survival plans.

  • Toyota Drives Ahead of US Big Three Tuesday, 9 Dec 2008 | 12:23 AM ET
    A Tacoma pickup truck on the lot of a Toyota dealership.

    The big wheels in the auto industry—General Motors, Ford and Chrysler, among others—have been on a downhill run. But Toyota is a different story altogether.

  • Charting Asia | Toyota (ADR) Daily Chart Monday, 8 Dec 2008 | 11:22 PM ET
  • Ways to Keep Your Old Car Running Like New Monday, 8 Dec 2008 | 9:08 PM ET

    For most of us, buying a new car is just not in the cards right now. It means we have to take extra good care of what we’ve already got.

  • Rep. Barney Frank discusses the auto bailout issue, while New York Attorney General Andrew Cuomo says a $10 million bonus for Merrill Lynch's John Thain is unjustified. Following are today's top videos:

  • Why The GPS Needs A GPS Monday, 8 Dec 2008 | 4:11 PM ET
    GPS

    I have a factory installed GPS in my car, which is fine, except it won't let me engage it while driving (which is when I suddenly need it), and I haven't figured out how to stop it from speaking to me in kilometers.

  • Options Action: Auto Supplier Rides Bailout Talk Monday, 8 Dec 2008 | 3:19 PM ET

    Goodyear saw a spike in options activity as its stock traded higher on Monday, apparently a positive reflection of progress toward an auto industry bailout in Washington. The action focused on the April 7.5 calls, which lit up OptionMonster's tracking systems, driving the price of those options up $0.50 to $1.50.

  • GM's Wagoner: Will He Stay Or Will He Go? Monday, 8 Dec 2008 | 10:07 AM ET
    Rick Wagoner

    The drum beats calling for Rick Wagoner's head, or at least his job, are becoming louder. What started last week with critics and commentators saying any bailout should include new leadership at the Big 3, now has spread to political leaders saying it may be time for some of the auto leadership to change.

  • Krugman: US Auto Industry Will Likely Disappear Sunday, 7 Dec 2008 | 11:15 AM ET
    Paul Krugman

    Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear.

  • Drivers: Beware These Odometer Rollback Scams Friday, 5 Dec 2008 | 9:33 PM ET

    You thought rolling back the odometer to make a car look newer was only in the movies? You thought wrong.