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Automobiles and Components

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  • Nissan is Close to Raising Prices in Japan: CEO Wednesday, 25 Jun 2008 | 1:29 AM ET

    Nissan Motor is close to having to raise prices in Japan amid a surge in the cost of raw materials such as steel, Carlos Ghosn, chief executive of Japan's third-largest automaker, said on Wednesday.

  • Toyota Sales Missing U.S. Goal Tuesday, 24 Jun 2008 | 5:45 PM ET

    Over the last three weeks, I have heard the same thing over and over, often from those who think I'm partial to Toyota. It goes something like this: "You never say when things go wrong for Toyota." Well, for all of you, Toyota Phil has a news flash: Toyota says it will be falling short of its sales goal for the U.S.

  • GM And Ford: Cramer's "Obit" For Them A Bit Premature! Tuesday, 24 Jun 2008 | 9:07 AM ET
    Ford

    For those who are on a death watch for GM and Ford, the words of CNBC's and Street.com's Jim Cramer are the kind of affirmation they've been looking for.

  • GM to Cut Truck Output, May Sell Hummer Tuesday, 24 Jun 2008 | 5:32 AM ET
    General Motors

    General Motors initiated a series of steps on Monday from cutting production of trucks to offering aggressive incentives to combat the drop in demand for large vehicles amid record-high gas prices.

  • GM & Ford Face Cash Squeeze Fears Monday, 23 Jun 2008 | 10:17 AM ET
    GM logo, General Motors logo

    With Standard and Poor's putting GM, Ford, and Chrysler (and their respective finance companies) on credit watch with negative implications, the big issue is not just the deteriorating auto market, it's the potential liquidity crisis looming for these firms.

  • Automaker Shares Fall as S&P Warns May Cut Ratings Friday, 20 Jun 2008 | 3:48 PM ET

    In another blow to beleaguered U.S. automakers, Standard & Poor's on Friday said it may cut its ratings on Ford Motor, General Motors and Chrysler, citing financial damage resulting from high gasoline prices.

  • Ford Slashes Forecast, Cuts Production by 25% Friday, 20 Jun 2008 | 11:34 AM ET
    Ford

    Ford Motor on Friday said it's going to have trouble breaking even by 2009 and slashed third-quarter production by 25 percent.

  • Anyone Out There Still Buying A Car--Or Truck? Friday, 20 Jun 2008 | 9:13 AM ET
    Auto Sales Drop

    If $3.50 a gallon was the tipping point that pushed people away from big rigs, $4 appears to be the breaking point. Buyers are not just worried about fuel economy, they're wondering about the economy as a whole.

  • Why Is Everyone On The Street So Bearish? Thursday, 19 Jun 2008 | 11:48 AM ET

    I noted yesterday the miserably bearish mood Wall Street has been in recently. The market has been having problems because the central assumption of bulls--that the second half of the year would see a rebound in earnings--is coming under attack. As a result, traders have been taking every opportunity to sell into rallies in June.

  • GM Facing What Could Be Biggest Challenge Ever Thursday, 19 Jun 2008 | 9:08 AM ET
    2008 Chevy Malibu

    What was shaping up to be a tough summer for GM has rapidly worsened and become a major gut-check for GM, its investors, and fans of the American automaker. Which brings up the most frequently asked question I get from readers and viewers: can GM successfully shift gears from trucks to cars?

  • Kerkorian Boosts Ford Stake to 6.49% Thursday, 19 Jun 2008 | 7:54 AM ET
    Ford

    Billionaire investor Kirk Kerkorian's Tracinda reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.

  • Auto Industry Feeling Economic Squeeze Wednesday, 18 Jun 2008 | 11:35 AM ET

    Auto stocks are notably weaker here, with new lows for GM, CarMax, and AutoNation; Ford is down 7 percent but not at a new low.

  • Carmax Profit Tumbles, Suspends Earnings Forecast Wednesday, 18 Jun 2008 | 10:35 AM ET

    Carmax, the largest U.S. retailer of used cars, said Wednesday quarterly profit fell by 55 percent as a slowing economy and falling resale values for fuel-hungry light trucks and sports utility vehicles brought lower than expected sales.

  • GM: Should It Send "Dear John" Letter to Big Oil? Wednesday, 18 Jun 2008 | 9:40 AM ET
    GM logo, General Motors logo

    Over the last two days General Motors has found itself dancing around the potentially delicate question of whether to run an ad this summer that might tick off oil companies. GM execs outlined an ad in Washington that has been described as a "dear john" letter to big oil.

  • Big Three Automakers: What's Their Biggest Threat? Tuesday, 17 Jun 2008 | 10:28 AM ET
    Big 3's Biggest Threat

    Over the last two weeks I've been inundated with e-mails from readers venting about the latest round of cutbacks Detroit's automakers have announced. What's surprised me the most has been the wide range of reasons why you think the Big 3 are in big trouble.

  • Honda FCX

    If you've read this blog for long, you know how I feel about hydrogen fuel cell cars. Great potential. Limited real world possibilities right now. That said, this morning Honda gave us a glimpse into hydrogen's promise.

  • Right Time To Buy An SUV? It Sure Is! Friday, 13 Jun 2008 | 11:28 AM ET

    Relax. I haven't lost it. I agree that for many people (soccer moms, the guy putzing around the suburbs, etc) driving a gas guzzling SUV makes no sense. But there is a market out there.

  • UK Gas Stations Struggle as Fuel Strikes Continue Friday, 13 Jun 2008 | 6:53 AM ET

    A four-day strike over pay by hundreds of tanker drivers hit Shell fuel stations across Britain on Friday after last-ditch pay talks broke down.

  • Americans Want Hybrids And Toyota's Ready To Build More Thursday, 12 Jun 2008 | 11:05 AM ET

    A new survey today by Auto Futures Group/TechnoMetrica concludes that people would rather buy gas/electric hybrids instead of diesel powered cars. Diesel fans will roll their eyes and say that's ridiculous, but that's the way it is.

  • Ford Truck Plants Going Into Car-Building Business Wednesday, 11 Jun 2008 | 1:18 PM ET
    Ford announced today that it is cutting production by 21% resulting in downtime at the assembly plant in St. Thomas Ontario on Friday Aug. 18, 2006. Ford Motor Co. announces sharp cuts in its North American production that would force it to partially shut down plants in the U.S. and Canada in the fourth quarter. (AP Photo/Canadian Press, Geoff Robins)

    Ford Motor is assembling a plan to retool its North American truck plants to build cars in a bid to keep up with changing consumer demand in the United States, the Detroit News reported Wednesday.