The "Ferrari Index" is up 18 percent this year, reports CNBC's Robert Frank. Collectible car sales topped $1 billion this year.» Read More
Ford will offer zero-percent financing for three years on all 2007 Ford, Lincoln and Mercury models and additional cash on some vehicles as it tries to clear showroom floors at the end of the month.
Billionaire investor Carl Icahn told CNBC that he is standing firm on his $36 dollar-per-share bid for auto parts maker Lear Corp. "There's no way we're going to raise it," Ichan said in an interview with Maria Bartiromo.
Travellers switching from cars to bus and rail due to environmental concerns helped Britain's Stagecoach boost year profit by 38%, beating forecasts, as it reported a strong start to its new financial year.
The auto and reinsurance industries are under one portfolio manager's radar, as he predicts high yields from those segments over the next three years. Laton Spahr, RiverSource Investments portfolio manager, told "Morning Call" he likes Ford Motor and XL Capital.
A New Jersey importer has asked the U.S. National Highway Traffic Safety Administration for help in recalling about 450,000 light-truck tires made in China after a fatal car accident, lawyers said.
Porsche said it expects its full year to July 31, 2007 pretax profit to be "significantly" better than the 2.1 billion euros ($2.8 billion) posted in the previous business year.
Ford Motor has hired accountancy group KPMG to examine the books at its British units Jaguar and Land Rover ahead of their expected sale later this year, the Sunday Times reported.
Lear, which has faced criticism for accepting billionaire Carl Icahn's $36-per-share buyout offer, delayed a shareholder vote on the deal until July 12, the auto parts maker said on Friday.
The bull is back at Ford. At least that's the attitude Ford is taking with the re-birth of the Taurus. But as - walk around the new Taurus being built here at Ford's plant on the south side of Chicago, I'm wondering how much of a charge this new bull will lead at Ford.
Senators reached agreement on a proposal to increase automobile fuel economy standards to 35 miles per gallon, the first significant boost demanded of automakers in nearly 20 years.
Volkswagen, Europe's biggest automaker by sales, said Thursday that deliveries of new cars in the first five months of 2007 were up 7.6% from last year, with 2.5 million sold amid rising demand in Europe and Asia.
Delphi and the United Auto Workers are very close to completing a labor deal the U.S. auto-parts maker needs to complete its reorganization, two UAW sources said on Wednesday.
The Benz is back,. and if you don't believe me, check out sales (up 4.8%), reliability ratings (top 5 in the latest J.D. Power Survey), and strength across the line-up (The S Class, GL Class, and C Class are all surging). In short, Mercedes has re-asserted itself as a leader in the luxury car market. Now comes the new C Class. The company is showing it off for reporters this week outside of Portland, Oregon.
Talk about a perfect time to market a fuel efficient sub-compact car. Gas prices are well over $3.00 a gallon. Sub-compact cars are hot. And if there's a new model the public has yet to see on the street, publicity will be huge. It's the perfect culmination of events that are helping to generate greater interest and "reservations" with car buyers around the country. The new Smart fortwo (not a typo) sub-compact doesn't go on sale until early next year. But the buzz about this tiny car that's expected to get over 40 miles on a gallon, is big and getting bigger.
Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, people close to the deal said.
Shares in Fiat bucked the overall weakness in European stock markets on news the Italian carmaker won a contract worth $3.22 billion to supply DaimlerChrysler with truck engines for the next eight years.
While everyone's talking about the shakeup at Yahoo, Google continues to take over the world. Google's video site YouTube is launching its first foreign-language Web sites. Already, over half of the site's audience comes from outside the U.S., but by translating its site into seven other languages is intended to fend off competition. Eventually YouTube will tweak the translated sites to the specific countries-- Brazil, France, Ireland, Italy, Japan, the Netherlands, Poland, Spain and the UK, featuring local content and being sensitive to cultural issues.
Auto parts supplier Lear raised its financial outlook Tuesday due to better-than-expected production levels of light trucks and the benefits of its ongoing restructuring.
Prosecutors demanded a six-year prison term for Hyundai Motor Chairman Chung Mong-koo on Tuesday in his appeal trial against a three-year sentence handed down in February for embezzlement.
A week ago, while doing a live shot for an unrelated story, a viewer, who's husband worked at Ford for years, came up to me and said, "Tell people all the good things happening at Ford, we need the good news to get out." This is not the first time I have heard this type of message, either in person or via e-mail, from an investor, worker, retiree, or just plain fan of the big 3. Often the message includes a side comment such as, "Quit telling people the public doesn't believe in the quality/reliability of the big 3, because that's not true."