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Automobiles and Components

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  • Gas Prices Hit NASCAR Fans Monday, 30 Jun 2008 | 3:28 AM ET

    Many NASCAR fans think nothing of jumping in their recreational vehicles or pickup trucks and driving 300 miles or more to watch races in places like Talladega, Alabama; Bristol, Tennessee; and Las Vegas.

  • Your Rants On GM, Energy Prices, And Me Friday, 27 Jun 2008 | 9:22 AM ET

    After a couple of weeks of being on the road in New York for the "Today Show," Detroit for auto stories, and other places around the country, I've finally had a chance to take in the e-mails you've been sending me about the increasingly dicey auto business. While I have, and will continue to directly answer your e-mails, there are a few I'd like to share.

  • Toyota May Consider Future Car Price Hikes Thursday, 26 Jun 2008 | 11:19 PM ET
    A Tacoma pickup truck on the lot of a Toyota dealership.

    Toyota Motor said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult.

  • General Motors

    GM's shares  have plummeted to less than $12, the lowest level since 1955. That means the  world's largest auto maker has a stock market value of only about $7 billion.

  • Cramer: Trading General Motors Thursday, 26 Jun 2008 | 3:21 PM ET

    The CEO says his company has plenty of liquidity. But at what cost?

  • New Survey: You're Ticked Off About Lack Of Energy Policy Thursday, 26 Jun 2008 | 10:50 AM ET

    So who do you blame for high gas prices? According to the latest survey from Consumer Reports, the fault lies with the federal government for not having a national energy policy. This is not a Republican complaint or a Democrat complaint, it's a government complaint.

  • California Unveils Major Plan to Slash Emissions Thursday, 26 Jun 2008 | 5:57 AM ET
    Los Angeles, California

    California on Thursday took a major step forward on its global warming fight by unveiling an ambitious plan for clean cars, renewable energy and stringent caps on big polluting industries.

  • GM And Ford To Merge? Don't Hold Your Breath For That One Wednesday, 25 Jun 2008 | 8:46 AM ET
    GM logo, General Motors logo

    Let me be clear about what a mis-guided and bad idea this would be. As a friend of mine said when I brought this up, "Two wrongs do not make a right." Right now, these guys are going in the wrong direction for similar reasons and there's little reason to believe a marriage would make things right.

  • Ford's Volvo Lays Off 2,000 Workers Wednesday, 25 Jun 2008 | 8:07 AM ET

    Ford-owned Volvo said Wednesday it had given layoff notices to 1,200 workers in Sweden following a $151 million first-quarter loss on declining U.S. sales.

  • Nissan is Close to Raising Prices in Japan: CEO Wednesday, 25 Jun 2008 | 1:29 AM ET

    Nissan Motor is close to having to raise prices in Japan amid a surge in the cost of raw materials such as steel, Carlos Ghosn, chief executive of Japan's third-largest automaker, said on Wednesday.

  • Toyota Sales Missing U.S. Goal Tuesday, 24 Jun 2008 | 5:45 PM ET

    Over the last three weeks, I have heard the same thing over and over, often from those who think I'm partial to Toyota. It goes something like this: "You never say when things go wrong for Toyota." Well, for all of you, Toyota Phil has a news flash: Toyota says it will be falling short of its sales goal for the U.S.

  • GM And Ford: Cramer's "Obit" For Them A Bit Premature! Tuesday, 24 Jun 2008 | 9:07 AM ET
    Ford

    For those who are on a death watch for GM and Ford, the words of CNBC's and Street.com's Jim Cramer are the kind of affirmation they've been looking for.

  • GM to Cut Truck Output, May Sell Hummer Tuesday, 24 Jun 2008 | 5:32 AM ET
    General Motors

    General Motors initiated a series of steps on Monday from cutting production of trucks to offering aggressive incentives to combat the drop in demand for large vehicles amid record-high gas prices.

  • GM & Ford Face Cash Squeeze Fears Monday, 23 Jun 2008 | 10:17 AM ET
    GM logo, General Motors logo

    With Standard and Poor's putting GM, Ford, and Chrysler (and their respective finance companies) on credit watch with negative implications, the big issue is not just the deteriorating auto market, it's the potential liquidity crisis looming for these firms.

  • Automaker Shares Fall as S&P Warns May Cut Ratings Friday, 20 Jun 2008 | 3:48 PM ET

    In another blow to beleaguered U.S. automakers, Standard & Poor's on Friday said it may cut its ratings on Ford Motor, General Motors and Chrysler, citing financial damage resulting from high gasoline prices.

  • Ford Slashes Forecast, Cuts Production by 25% Friday, 20 Jun 2008 | 11:34 AM ET
    Ford

    Ford Motor on Friday said it's going to have trouble breaking even by 2009 and slashed third-quarter production by 25 percent.

  • Anyone Out There Still Buying A Car--Or Truck? Friday, 20 Jun 2008 | 9:13 AM ET
    Auto Sales Drop

    If $3.50 a gallon was the tipping point that pushed people away from big rigs, $4 appears to be the breaking point. Buyers are not just worried about fuel economy, they're wondering about the economy as a whole.

  • Why Is Everyone On The Street So Bearish? Thursday, 19 Jun 2008 | 11:48 AM ET

    I noted yesterday the miserably bearish mood Wall Street has been in recently. The market has been having problems because the central assumption of bulls--that the second half of the year would see a rebound in earnings--is coming under attack. As a result, traders have been taking every opportunity to sell into rallies in June.

  • GM Facing What Could Be Biggest Challenge Ever Thursday, 19 Jun 2008 | 9:08 AM ET
    2008 Chevy Malibu

    What was shaping up to be a tough summer for GM has rapidly worsened and become a major gut-check for GM, its investors, and fans of the American automaker. Which brings up the most frequently asked question I get from readers and viewers: can GM successfully shift gears from trucks to cars?

  • Kerkorian Boosts Ford Stake to 6.49% Thursday, 19 Jun 2008 | 7:54 AM ET
    Ford

    Billionaire investor Kirk Kerkorian's Tracinda reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.