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Automobiles and Components

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  • Volkswagen: Welcome Back To the U.S. Monday, 14 Jul 2008 | 9:48 AM ET

    This week we could finally hear the location where Volkswagen plans to open a new assembly plant here in North America. Huntsville, Alabama is considered to be the favorite, but the fact is the only location that really matter is North America.

  • Well, I asked and you told me. When I asked earlier this week if you would buy a Volvo if the brand were sold to a Chinese automaker, and you answered emphatically, "NOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!"

  • GM CEO: No Bankruptcy Plans, No Further Sell-Offs Thursday, 10 Jul 2008 | 3:42 PM ET

    GM will not consider selling or eliminating any brands besides Hummer and has no plans to declare bankruptcy, Richard Wagoner, General Motors chairman and CEO, said Thursday at the Dallas Chamber of Commerce.

  • GM's CEO Wagoner: No More Brand Cuts Planned Thursday, 10 Jul 2008 | 3:22 PM ET
    General Motors Chairman and Chief Executive Rick Wagoner.

    The message from General Motors chairman and CEO was clear and direct: The company has no plans to cut anymore of its brands. I asked Wagoner about cutting the brands when I caught up with him after a speech here in Dallas.

  • Know When to Sell 'Em and When to Hold 'Em Thursday, 10 Jul 2008 | 12:16 PM ET

    On Mad Money we pander to neither panic nor euphoria. On Tuesday, an up day, Jim urged everyone to get out of the financials. I can't emphasize how important it is that we go negative on up days, but history can. The 234 point rout yesterday afternoon is a pure example of what I'm talking about. We try not to be too down on down days, and emphasize extreme caution on up days because that's useful.

  • I've said it for some time, and will continue to say it to anyone who asks. The flexibility Asian automakers have to build different vehicles in different plants is the reason they'll ride out this tough time better than the Big 3.

  • Boeing Boosts Commercial Jet Demand Forecast Wednesday, 9 Jul 2008 | 2:27 PM ET

    Boeing on Wednesday raised its outlook for spending on commercial airplanes over the next 20 years by 14 percent, helped in part by an expected 5 percent rise in worldwide air travel and the demand for new, more fuel-efficient planes.

  • A Chinese Volvo: Would You Buy One? Wednesday, 9 Jul 2008 | 9:44 AM ET
    Volvo

    For as long as I've worked the auto beat, I've heard the same thing, "watch out for the Chinese car companies!" The theory/fear being, Chinese automakers will get to the U.S. market and work quickly to make their mark.

  • GM Says Developing Plans to Cut Costs, Save Cash Tuesday, 8 Jul 2008 | 10:22 AM ET
    General Motors Chairman and Chief Executive Rick Wagoner.

    General Motors is developing plans to cut costs and improve its "cash and funding position," Chief Executive Rick Wagoner said in an e-mail to the automaker's managers and team leaders.

  • GM And Why It's Tough To Kill A Brand Name Tuesday, 8 Jul 2008 | 8:45 AM ET
    General Motors Headquarters

    After blogging yesterday about the latest discussion at General Motors about keeping/selling/killing some of it's eight brands, I was inundated with e-mails suggesting what GM should do.

  • Mazda Is Confident of Reaching US Sales Goal Tuesday, 8 Jul 2008 | 1:53 AM ET

    Mazda Motor is confident it will achieve its U.S. sales target of 290,000 vehicles in the business year to next March despite a sharp downturn in that market, a top executive said on Tuesday.

  • GM May Ditch Brands, Slash White-Collar Jobs Monday, 7 Jul 2008 | 1:50 PM ET
    2008 Saturn Aura

    General Motors may get rid of some brands, speed the introduction of small cars from other markets and make further white-collar job cuts as it tries to deal with a shrinking U.S. auto market.

  • 2008 Buick Enclave

    As GM slogs through a summer of sickening sales, there's growing speculation GM CEO Rick Wagoner will do an about face and finally cut some of the automaker's brands in an effort to stop the bleeding.

  • GM Mulls Thousands of Job Cuts, Sale of Brands: WSJ Monday, 7 Jul 2008 | 1:41 AM ET
    GM logo, General Motors logo

    No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.

  • Worse Car Sales Decline Expected in Western Europe Friday, 4 Jul 2008 | 11:21 AM ET

    J.D. Power Automotive Forecasting on Friday reduced its forecast for west European car sales in 2008 and 2009 and now expects falls of 4 percent and 1.3 percent respectively.

  • GM Going Bankrupt? I Don't Buy It And Here's Why Thursday, 3 Jul 2008 | 9:36 AM ET
    GM logo, General Motors logo

    Just when you think, "How much worse can it get for General Motors, along comes a day like yesterday. When Merrill Lynch downgraded the stock and said "bankruptcy is not an impossibility" for the automaker what was already a horrific slide became even worse.

  • Hybrids: Worth the Price? Wednesday, 2 Jul 2008 | 5:29 PM ET

    Why it makes more sense to stick with a cheaper, but still fuel-efficient, set of wheels.

  • GM Shares Fall; Merrill Note Stokes Bankruptcy Fears Wednesday, 2 Jul 2008 | 10:22 AM ET
    General Motors

    General Motors will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said.

  • Chrysler's Decline: Will It Fall Behind Nissan? Wednesday, 2 Jul 2008 | 9:15 AM ET

    Talk about a tough week. On Monday Chrysler announced it would be shutting an assembly plant outside St. Louis and stripping out the shift of another one in Missouri. Then yesterday, the company reported June sales that put the company's market share for the month at 9.9%.

  • To Buy or to Lease? Tuesday, 1 Jul 2008 | 6:26 PM ET

    Here are some easy rules to help you figure out which is the better option for your lifestyle.