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Automobiles and Components

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  • Market Finds 11-Year Low Despite Bank Rally Monday, 23 Feb 2009 | 5:20 PM ET

    Stocks fell flat as investors grew more confident that the government will stabilize the battered financial sector, but technology remained weak.

  • Steven Rattner: Not The Car Czar, But A Lead Advisor Monday, 23 Feb 2009 | 4:20 PM ET
    Obama Auto Team

    The man many thought would be "Car Czar" will now be leading the task force looking at how to fix General Motors and Chrysler. Steven Rattner is joining the Obama team as counselor to Treasury Secretary Timothy Geithner.

  • UAW Deal Key For Ford & Big 3 Monday, 23 Feb 2009 | 11:50 AM ET
    UAW_logo_new.jpg

    With the UAW and Ford announcing they have agreed on a plan to re-work funding of union's Voluntary Employee Beneficiary Association, it is an important step not only for Ford, but GM and Chrysler as well.

  • Obama Auto Team

    When I woke this morning and surveyed what the morning papers carried about the auto industry, one article in the Detroit News about what cars the Obama Auto Team members own caught my attention -- It brings up the question: Will the cars these members drive influence their decisions regarding GM and Chrysler?

  • Citi Stake Reports Buoy Futures Monday, 23 Feb 2009 | 9:03 AM ET

    US stock index futures pointed to a higher open Monday as shares of Citigroup soared over 25 percent in pre-market trading, following reports the government could up its stake in the Wall Street giant.

  • GM Shares Crater Friday, 20 Feb 2009 | 2:58 PM ET
    GM_logo_down.jpg

    Halfway through the trading day, GM shares hit levels not seen since 1938....A lot investors are starting to wonder if GM stock is worthless. 

  • Obama's Auto Task Force Has The Street In Overdrive Friday, 20 Feb 2009 | 11:16 AM ET

    The Presidential Automotive Task Force is meeting today, and there is no shortage of advice for them from the Street.

  • Obama's Auto Team Starts Re-Structuring Industry Friday, 20 Feb 2009 | 9:42 AM ET
    Chrysler

    When President Obama’s Auto Team meets for the first time Friday morning, it will be off camera, behind closed doors, away from reporters. Maybe that's good. After all, fixing this industry could be messy, very messy.

  • Web Extra: Getting Detroit Into Gear Thursday, 19 Feb 2009 | 6:34 PM ET
    webxtra_thumb.jpg

    It appears GM will need more money from the Obama administration to stay afloat. A lot more money. What's the trade?

  • Is Saturn Set For A New Orbit? Thursday, 19 Feb 2009 | 1:56 PM ET

    Saturn owners are getting an e-mail today that essentially tells them their beloved brand is not going to die.

  • Bankruptcy Could Be More Costly Thursday, 19 Feb 2009 | 10:45 AM ET
    GM auto dealership with sign.

    Businesses filing for bankruptcy need loans to work out their troubles, or face liquidation. But General Motors  and its smaller rival, Chrysler, have threatened that they will need $125 billion, in what would be the largest bankruptcy financing packages ever, if they do not receive the additional federal aid they are requesting.

  • HUMMER's End Game Thursday, 19 Feb 2009 | 9:51 AM ET

    GM says that by the end of March it will reach a decision to either sell the brand or phase it out. My gut, based on talking with people in GM and the industry, is HUMMER is sold, but for far, far less than what GM wants.

  • New Car Buyer? Run, Don't Walk, to the Local Dealers Wednesday, 18 Feb 2009 | 10:03 PM ET

    The deepening recession is hitting car dealerships hard. That's good news if you're in the market for a new set of wheels.

  • Why’s This Market So Confusing? Wednesday, 18 Feb 2009 | 8:40 PM ET

    Wall Street talking heads got you baffled? Cramer debunks 10 myths to help you separate fact from fiction.

  • Stocks End Flat; Big Banks Slide Wednesday, 18 Feb 2009 | 4:49 PM ET

    Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.

  • Web Extra: Can’t Afford Car Payments? You Have Options Wednesday, 18 Feb 2009 | 4:21 PM ET

    Brian Moody of Edmunds.com has the three steps to take if you can’t afford your monthly car payments.

  • Wagoner:  Conservative Outlook Costs More Wednesday, 18 Feb 2009 | 11:27 AM ET
    General Motors Chairman and Chief Executive Rick Wagoner.

    GM CEO Richard Wagoner, Jr., says taking a conservative view of the future sent him back to the government to ask for more money.

  • GM's Next Move Will Be The Toughest Wednesday, 18 Feb 2009 | 10:39 AM ET
    General Motors Headquarters

    Yes, the numbers are staggering. Anytime a company says it may need up to another $16.5 Billion to fix its business, there's no way to sugar coat it.

  • Futures Point Higher After Selloff Wednesday, 18 Feb 2009 | 9:02 AM ET

    Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.

  • GM Brands: Adieu Saturn ... Pontiac Next? Wednesday, 18 Feb 2009 | 8:15 AM ET
    2008 Saturn Aura

    The brand that was once hailed as an important part of the future of General Motors now will be part of its past.