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Automobiles and Components

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  • Q&A With Obama Transition Team Friday, 7 Nov 2008 | 7:02 PM ET

    Former Secretary of Commerce William Daley is currently a member of Barrack Obama’s transition team. Find out what he's telling the President-elect!

  • Stop Trading!: Market Stops If GM Fails Friday, 7 Nov 2008 | 4:09 PM ET

    Washington needs to make saving this company its number-one priority, Cramer says.

  • GM and Chrysler: The Endgame Approaching Friday, 7 Nov 2008 | 3:12 PM ET

    Under normal circumstances, companies try to put the best face on bad news. But we are not in normal circumstances.

  • GM's Wagoner: No Plans For Bankruptcy Filing Friday, 7 Nov 2008 | 2:01 PM ET
    GM logo, General Motors logo

    General Motors is not considering bankruptcy despite a sharp downturn in sales and cash position, but the industry needs fast action by the government to prevent a "devastating" impact on the economy,  GM Rick Wagoner said on CNBC.

  • GM, Ford Losses Deepen; Industry Outlook in Doubt Friday, 7 Nov 2008 | 1:49 PM ET
    Car dealership in Miami

    GM and Ford reported far deeper-than-expected quarterly losses as an extended slump in car sales raised questions about the future of the US auto industry

  • Ford Needs Government Bridge Loan: Mulally Friday, 7 Nov 2008 | 1:36 PM ET
    Ford

    Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.

  • Should Obama Bailout Big Three Thursday, 6 Nov 2008 | 6:46 PM ET

    With the auto industry in crisis leaders of GM, Chrysler and Ford implored the government for help on Thursday.

  • U.S. Automakers: Their Moment Of Reckoning Thursday, 6 Nov 2008 | 3:07 PM ET

    The Big Three auto makers are meeting with the House leadership today, and they are going to be presenting scary numbers. GM in particular is likely burning through their cash horde of $25 b at a much faster rate than the $1 billion a month projecting a short while ago.

  • GM: Cash Is More Than "King" For Survival Thursday, 6 Nov 2008 | 11:14 AM ET

    How much time does GM have? It's not going bankrupt this month or by the end of the year, but if it does not conserve its cash, and sales remain as depressed as they were in October, 2009 will be dicey.

  • Save The Auto Industry? Nope, Let Them "Die" Wednesday, 5 Nov 2008 | 3:05 PM ET

    We spend billions on highways, we already bailed out Chrysler once, and meanwhile Amtrak is constantly struggling to get funding. We should realize that in addition to being worse for the environment than mass transit, having everyone driving around in cars is dangerous period, drunk or sober.

  • German Government Approves Stimulus Package Wednesday, 5 Nov 2008 | 10:02 AM ET

    The German government on Wednesday approved a stimulus package aimed at helping Europe's biggest economy weather the financial crisis, with measures including tax breaks on new cars and credit assistance for companies.

  • Obama's 1st Move Should Be to Save Autos: Ross Wednesday, 5 Nov 2008 | 7:38 AM ET

    The obvious and easy first move for President-Elect Barack Obama is to put some money into the automobile industry to save a large number of jobs, financier Wilbur Ross said Wednesday.

  • Toyota: Are They Ready To Be Number One? Monday, 3 Nov 2008 | 9:08 AM ET

    Later today we'll find out if Toyota passes up GM in October auto sales to become the first foreign auto maker to lead the U.S. in monthly auto sales. If it happens, it would be a watershed moment in the auto industry and in American business.

  • Charlie Brown

    Rick Wagoner meet Charlie Brown. GM's Chairman and CEO now knows how the cartoon character felt getting a box of rocks for Halloween. It looks like Washington/Bush Administration is saying "no thanks" to providing the money needed to make a GM/Chrysler merger happen

  • Nissan, Suzuki Slash Forecasts as Auto Gloom Deepens Friday, 31 Oct 2008 | 7:15 AM ET
    Nissan

    Nissan Motor and Suzuki Motor capped a turbulent week for automakers everywhere with their own profit warnings on Friday, as executives predicted a rough ride for the foreseeable future.

  • Six Governors Ask Feds to Aid US Automakers Thursday, 30 Oct 2008 | 2:42 PM ET

    The governors of six states have sent a letter to federal officials asking that they take "immediate action" to help the troubled domestic automakers.

  • GM Should Go Bankrupt—I'm Hearing A Lot Of That Thursday, 30 Oct 2008 | 12:48 PM ET
    GM logo, General Motors logo

    As we move closer to seeing the Treasury Department approving $5-10 billion in federal loans to back a merger of GM and Chrysler, I've been hit with a wave of comments from readers, viewers, and others that basically amounts to this: We should let GM go bankrupt because they aren't worth saving.

  • As Gas Prices Go Down, Driving Goes Up Thursday, 30 Oct 2008 | 11:58 AM ET

    The sharp decline in gasoline use earlier this year — with volume down nearly 10 percent in some weeks — suggested to many people, including the automobile companies, that a permanent change in American habits might be at hand. But with gasoline prices falling drastically in recent weeks, some American drivers are returning to their old ways, says the New York Times.

  • Stocks Jump 11% Amid Bargain-Hunting Spree Tuesday, 28 Oct 2008 | 5:18 PM ET
    Dow Jones Index Chart

    Wall Street went on a bargain-hunting bonanza, with a frenzy of activity in the final hour of trading, sending shares up 10 percent.

  • Dow Surges Nearly 700 Points In Late Rally Tuesday, 28 Oct 2008 | 3:47 PM ET

    Investors went on a late-day buying spree, scooping up shares of beaten down stocks and sending the major indexes soaring 7-8 percent.