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Automobiles and Components

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  • Will The Car Credit Crunch Worsen? Monday, 4 Aug 2008 | 9:15 PM ET

    As struggles in the automobile industry compound with each passing quarter, the news that Chrysler's financial unit is unable to reach its goal of raising $30 billion in financing support may impact its ability to support sales.

  • Avoid the tricks. Learn the secrets. A former "insider" reveals how to get the best deals on wheels.

  • Saving GM: Why Wagoner Won't Go Monday, 4 Aug 2008 | 10:09 AM ET

    After almost 10 years of covering General Motors, including the last year going behind the scenes for our upcoming documentary "Saving GM", I often hear the same question time and again. Where is chairman and CEO Rick Wagoner taking this company?

  • Chrysler Renews Credit Facilities But Cuts Amount Monday, 4 Aug 2008 | 3:49 AM ET

    Chrysler's finance arm said Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy.

  • Capitalizing on the Conversion to Nat Gas Friday, 1 Aug 2008 | 6:42 PM ET

    When we decide to make the switch away from dirty, environmentally unfriendly oil, these companies will help make it happen.

  • Stocks Kick Off August With a Drop Friday, 1 Aug 2008 | 6:12 PM ET

    Stocks started the month off with a decline as a rise in oil and larger than expected loss fromĀ  General Motors rekindled worries about the economy.

  • Auto Sales Prove No Bottom For Industry Yet Friday, 1 Aug 2008 | 4:28 PM ET
    Ugly Auto Sales

    The July sales rate dropped to it's lowest level since April of '92. Last month, the sales pace was 12.55 million. More than a million units slower than June. And unlike June nearly every automaker was down in July.

  • Stocks Slide Amid Economic Worries Friday, 1 Aug 2008 | 4:00 PM ET

    Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.

  • Stocks Retreat After ISM, Jobs Reports Friday, 1 Aug 2008 | 12:31 PM ET

    Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.

  • Automakers Driven to Massive Losses in July Friday, 1 Aug 2008 | 12:27 PM ET
    Woman looks at new Toyota Camry on dealer lot

    U.S. auto sales tumbled in July, reflecting a deepening downturn in the industry, with tight credit and weak consumer confidence driving General Motors, Ford Motor and Toyota Motor to post double-digit declines.

  • GM Earnings: Here's Why They Were So Bad Friday, 1 Aug 2008 | 10:36 AM ET

    We knew GM's second quarter earnings would be ugly, but I'm not sure many people expected this kind of number. Certainly Wall Street didn't since the estimate was for GM to lose $1.489 Billion. Turns out Gm's loss was 4 times worse: $6.3 Billion.

  • Stocks Pull Back After Initial Jobs Pop Friday, 1 Aug 2008 | 9:56 AM ET

    Stocks got a quick pop from the better-than-expected July jobs report but the gains faded within the first 10 minutes of trading.

  • GM Loses $15.5 Billion as Truck Sales Dive Friday, 1 Aug 2008 | 7:57 AM ET

    General Motors posted a $15.5 billion quarterly loss Friday, as North American sales dropped by 20 percent and plunging prices for SUVs prompted deep charges for its auto finance business.

  • BMW Warns on 2008 Profit after Ugly Quarter Friday, 1 Aug 2008 | 3:43 AM ET
    BMW X6 Concept

    BMW will miss its 2008 targets, it said on Friday, after it unveiled an unexpected 44 percent drop in quarterly pretax profit, thanks to worsening industry conditions and big one-off charges.

  • Nissan Posts Worse-than-Expected Profit Drop Friday, 1 Aug 2008 | 3:37 AM ET

    Nissan Motor posted on Friday a much worse-than-expected 46 percent drop in quarterly operating profit, and stuck to its annual forecasts despite a severe downturn in the U.S. market.

  • Automakers Expected to Post Big Drop in July Sales Thursday, 31 Jul 2008 | 5:32 PM ET
    Auto Sales Drop

    Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years.

  • GM Talking to Mahindra, Others on Hummer Sale Thursday, 31 Jul 2008 | 10:18 AM ET

    General Motors is in talks with Indian automaker Mahindra & Mahindra to sell its iconic Hummer brand, sources familiar with the matter said.

  • Is The Worst Yet To Come For GM? Thursday, 31 Jul 2008 | 8:18 AM ET
    General Motors logo

    Friday, Wall Street analysts are expecting GM to lose $1.489 billion. If they are right, the loss will be just short of the $1.631 billion GM lost (excluding charges) in that woeful third quarter of 2007.

  • Why China's Love Of Buicks Is Good News For Americans Wednesday, 30 Jul 2008 | 8:43 AM ET
    CNBC Original Productions: Saving General Motors

    With GM on the verge of soon exporting Buick Enclaves to China, I'm reminded of the people who e-mail me on a regular basis about "China sucking the life out of the American automakers." That's a paraphrase, but you get the point.

  • Auto Leasing: Is It Going To Go Away? Tuesday, 29 Jul 2008 | 9:20 AM ET
    2007 Chrysler 300

    In this world, I've long believed that people are either new car/truck buyers, used car/truck buyers, or someone who leases a vehicle. These days, those in that third category are feeling the heat. It's coming from higher interest rates, and being squeezed by the car/truck they are driving.