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Automobiles and Components

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  • GM Seen Cutting Deeper as Recovery Is Sideswiped Monday, 2 Jun 2008 | 8:33 PM ET
    General Motors

    General Motors, facing a sinking U.S. market for trucks and SUVs, is expected to unveil steps on Tuesday to conserve cash and cut production of slower-selling models in a bid to shore up a faltering restructuring now in its third year, according to analysts.

  • GM Rallies, So Do You Buy It? Monday, 2 Jun 2008 | 10:06 AM ET
    GM logo, General Motors logo

    After getting hammered last week, shares of General Motors are starting this week moving higher. Some of that is in anticipation of the company announcing Tuesday it will take steps to shift production from slow-selling SUVs and pick-ups, and moving more towards cars.

  • Toyota Set to Cut US Sales Forecast: FT Monday, 2 Jun 2008 | 3:43 AM ET

    Toyota Motor is considering downgrading its U.S. sales forecast to account for a worsening outlook for pick-up trucks and other big vehicles, the Financial Times newspaper said on Monday.

  • GM Responds to 'Blame' Blog Friday, 30 May 2008 | 5:27 PM ET

    Following my blog earlier this week asking you to tell me who is to blame for GM's problems, I received the following e-mail from the automaker. Give it a read and let me know what you think.

  • Automakers Expected to Post Big Sales Drop for May Friday, 30 May 2008 | 4:42 PM ET
    Woman looks at new Toyota Camry on dealer lot

    Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.

  • Get Ready for Tesla! Friday, 30 May 2008 | 2:02 PM ET
    Tesla

    Some brief background so we're on the same page: the Tesla is the world's first, ultra-high-end, ultra-performance, electric sports car. The anti-Prius in virtually every way except for that one: it's electric.

  • Kerkorian's Ford Tender Offer on Track Despite Slump Friday, 30 May 2008 | 11:10 AM ET
    Ford

    Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent.

  • Detroit's Challenge: Designing Cars Drivers Want Now Friday, 30 May 2008 | 9:42 AM ET

    In the last 10 years, the Big 3 have struggled to come up with sedans to beat the Camry, Corolla, Civic and Altima. In fact, if you look at the top 10 best selling cars right now, only 4 are American models: The Ford Focus, Chevy Cobalt, Malibu and Impala.

  • GM Says 19,000 U.S. Factory Workers Take Buyouts Thursday, 29 May 2008 | 2:42 PM ET
    General Motors

    General Motors said about 19,000 U.S. factory workers—just more than a quarter of its American blue-collar work force—had taken buyouts to leave the automaker.

  • $4 Gas Has Consumers at 'Tipping Point': AutoNation CEO Thursday, 29 May 2008 | 11:24 AM ET

    AutoNation CEO Mike Jackson joined the CNBC 'Squawk Box' crew to discuss the effects higher gasoline prices are having on the automotive industry and consumers.  Americans, he said, have finally reached the "tipping point" at four dollars a gallon.

  • Yes, gas prices are soaring, SUV values are tanking, and Detroit is bracing for the possibility of more job cuts. But there are reasons to be optimistic about the future of the industry. Here are four:

  • Companies Help Workers Cope With Gas Price Spike Thursday, 29 May 2008 | 8:03 AM ET

    With gas prices at record highs across the country, some employers are implementing measures to help their employees ease the cost of driving to work.

  • Lehman Cuts GM Price Target amid Revamp Talks Thursday, 29 May 2008 | 7:28 AM ET

    Lehman Brothers reduced its estimates for General Motors, cutting the share price target to $19.50 from $24, citing a fall in sales of pickup trucks and SUVs as well as a doubling of steel costs among headwinds facing the car maker.

  • GM's Problems: Who's To Blame? You Tell Me Wednesday, 28 May 2008 | 9:47 AM ET
    General Motors Headquarters

    It's not often that an e-mail makes me stop and say "Hmmmmm. Do a lot of people feel the same way?" But, this one from Nathan did just that.

  • Ford to Cut Up to 12% of Salaried Jobs Wednesday, 28 May 2008 | 8:57 AM ET

    Ford Motor plans to cut its U.S. salaried work force by up to 12 percent after its turnaround plan stalled because of the downturn in the U.S. economy, the Detroit News reported Wednesday.

  • MINI Is Maxing Out On Small Car Craze Tuesday, 27 May 2008 | 9:40 AM ET
    2008 Mini Cooper hardtop

    It's MINI that may be best positioned right now. WIth sales up 29.9% this year, The MINI Cooper and Clubman are compact cars with the unique combination of style and fuel efficiency in a tight little package.

  • GM's Stock Sell-Off And Why It's Happening Friday, 23 May 2008 | 2:31 PM ET
    GM logo, General Motors logo

    Depending on where things end up Friday GM shares go into the weekend at roughly $17.50 a share. dropping roughly 4% on Friday. It's nothing short of a horrendous end to a very tough week for General Motor's shareholders.

  • Ford No Longer Sees 2009 Profit, Cuts Production Thursday, 22 May 2008 | 4:36 PM ET

    Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.

  • 2008 Ford Expedition

    An employee at a Chicago area auto dealer e-mailed that he has customers coming in with Escalades, Tahoes, Ram pick-ups and other large cars and trucks. He says those customers are often upside down on their loans and are surprised at how little they are getting offered for their ride.

  • Honda Revs Up The Hybrid And Hydrogen Fuel Cell Race Wednesday, 21 May 2008 | 8:53 AM ET
    2007 Honda FCX

    In hybrids, Honda has announced that early next year it will roll out a lighter, more affordable 5 door hatchback that will look similar to the hydrogen fuel cell FCX Clarity model. The plan: annual sales 200,000 worldwide, including a 100,000 here in the U.S.