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Automobiles and Components

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  • Three Ways to Benefit From the Downturn Thursday, 2 Oct 2008 | 5:31 PM ET

    Carmen reveals the silver lining in this economic mess. Are you ready to take advantage?

  • Over the last two weeks I've done several reports on TV and written in this blog about tighter credit hurting auto sales. For the industry, September sales dropped 27% and nearly everyone in the industry admits that a big reason for the plunge has been the deteriorating credit markets.

  • Auto Sales Numbers: No One's Even Looking To Buy Wednesday, 1 Oct 2008 | 2:51 PM ET
    Auto sales drop

    How bad is the auto business right now? Every automaker is feeling the pain, not just the Detroit 3. In the last week, showroom traffic (people simply visiting a dealership) is down 50% compared to the same time last year.

  • Why Bailout Failure Is Bad For Automakers/Dealers Tuesday, 30 Sep 2008 | 9:00 AM ET

    Whether or not you agree with Congress voting down the $700 billion bailout, one thing is clear, this is bad news for automakers and auto dealers.

  • BYD Auto's F0 model

    Shares of Chinese battery maker and 'green' car maker BYB Company Limited soared 42 percent today in Hong Kong trading, after this weekend's announcement that Warren Buffett is investing in the company.

  • Call it the Prius Principle. Toyota's Prius was not the first hybrid, nor, you could argue, was it the best gas-electric car in terms of performance. Still, ask 90% of America about hybrids and Prius is the first thing they mention.

  • BYD Auto's F0 model

    A subsidiary of Warren Buffett's Berkshire Hathaway is making a $230 million investment in a Chinese battery company that's developing environmentally-friendly cars to be sold around the world.  In a news release, Berkshire's MidAmerican Energy Holdings says it has agreed to buy a 10 percent stake in BYD Company Limited, which trades on Hong Kong's stock exchange.

  • GM CEO Says Credit Crunch Hurting Sept. Sales Thursday, 25 Sep 2008 | 2:35 PM ET
    GM auto dealership with sign.

    General Motors Chief Executive Rick Wagoner on Thursday said September U.S. auto sales were running about flat from August as tight credit markets crimp demand.

  • Federal Auto Loans: When They Will Pay Off? Thursday, 25 Sep 2008 | 9:11 AM ET

    By the end of this weekend, lawmakers in Washington are expected to approve $25 Billion in low interest federal loans.

  • Bad Auto Loans: Should They Be Bailed Out Too? Wednesday, 24 Sep 2008 | 9:58 AM ET
    Auto Loans

    Chrysler CEO Bob Nardelli says tighter consumer credit is making it tougher to sell a car. Now the industry as a whole wants the federal government to take bad auto loans off the hands of auto finance companies.

  • Testing the Cars as Chrysler Goes Electric Tuesday, 23 Sep 2008 | 9:09 AM ET

    Ladies and gentleman, there's a new team entering the great race in the auto industry to build the first mass market electric vehicle: It's Chrysler.

  • Congress Considers Auto Bailout Tuesday, 23 Sep 2008 | 6:33 AM ET

    A proposal to fund $25 billion in low interest loans to the auto industry was included on Monday in draft legislation that could be considered by the U.S. Congress later this week.

  • Toyota's Turn To Show It Tops Green Agenda Monday, 22 Sep 2008 | 9:04 AM ET

    Over the last six months as I've filed numerous stories about the Chevy Volt, Nissan's plan to build an electric car, and Ford's focus on increasing fuel efficiency, I have heard the same thing from you: That's great, but what's Toyota doing?

  • When Will The Auto Buyer Start Buying? Friday, 19 Sep 2008 | 9:36 AM ET

    You know what I've heard a lot this week? Auto sales will stay weak through 2010. This has me wondering where the buyer has gone, and why some are convinced the buyer won't come around anytime soon.

  • Auto Industry Bailout: Oh, How You Hate The Idea Wednesday, 17 Sep 2008 | 9:30 AM ET
    Struggle at AIG - A CNBC Special Report

    I admit e-mail responses from bloggers and readers is not a scientific sampling. I admit these answers may only represent a small portion of the public.

  • GM And Why It Believes The Volt Is A Winner Tuesday, 16 Sep 2008 | 12:42 PM ET
    New Chevy Volt

    Long before General Motors unveiled its new electric car, the Chevy Volt, there was a buzz around GM that this car should be a winner. That's right, I used the words: should be. Predicting any car will be a hit is often a fool's game.

  • GM: Will It Last Another Hundred Years? Monday, 15 Sep 2008 | 9:48 AM ET
    GM auto dealership with sign.

    Today marks the last day of General Motors first 100 years. While the company will mark the occasion tomorrow by unveiling it's new electric car, the Chevy Volt, I have a much more sobering question:

  • Car Delivery: GM Thinking Green Friday, 12 Sep 2008 | 3:01 PM ET

    General Motors Corp. said Friday it delivered a hydrogen fuel cell electric vehicle to the Environmental Protection Agency as part of a market test for the technology.

  • CEOs Speak Out on The Economy Friday, 12 Sep 2008 | 1:45 PM ET

    CEOs from various industries gathered to talk about the recent events in the economy and its affects on their companies. Watch the following videos for what each had to say.

  • Alan Mulally

    When Ford CEO Alan Mulally sat down with me and the anchors of "Squawk Box" this morning, his candid comments about federal loans to automakers show congress is likely to lend the money. As I've said before, I think it's money well spent.