Karl Brauer, senior director, Insights at Kelley Blue Book, expects demand for SUVs and trucks to hold up even if fuel prices rebound, as car manufacturers strive for better fuel efficiency.» Read More
Mitsubishi Motors posts a 64% rise in quarterly operating profit thanks to sales contributions from the new Lancer and Outlander models, and it kept its forecasts unchanged.
General Motors says it's cutting production by another 117,000 vehicles as a result of lower demand for pickup trucks and SUVs.
The signs are not good. From Chrysler's decision to stop leasing cars, to its recent decisions to cut staff and close plants, to its lack of major new product announcements, there is little of late inspiring confidence that this company can stage a comeback...
Toyota Motor on Monday cut its 2008 groupwide global sales forecast by 350,000 units to 9.5 million vehicles due to a pronounced downturn in the U.S. market, in a rare setback for the world's biggest automaker.
Chrysler's financial arm is planning to stop offering vehicle lease options to consumers and would focus on financing retail vehicle purchases, spokesman Bill Porter said on Friday.
In the last three weeks, the message has been coming from a variety of sources, but it's generally been the same: forget about the auto industry rebounding anytime soon. In fact, some are saying things may get worse before they get better.
Honda Motor posted a surprise 8 percent increase in quarterly net profit after it raised car prices and cut costs, helping it overcome a stronger yen, crumbling U.S. auto market and higher commodity prices.
Kia Motors, South Korea's No.2 automaker, said on Friday its quarterly operating profit more than tripled, but its results missed a forecast as higher overseas marketing costs offset stronger sales.
Daimler cut its 2008 earnings outlook on Thursday, saying it would not be able to offset a global growth slowdown, rising raw material prices and the strong euro by selling more vehicles and cutting costs.
See what Beijing is doing to tackle its air pollution problems and listen to a CEO's comments on New York's real estate business. Following are today's top videos:
General Motors trailed Japanese rival Toyota Motor in global vehicle sales decisively through the second quarter and first half of the year, hurt by a large decline in North America.
The nation's power grid is sorely in need of being updated. In many areas it's pushed to the limit, especially during high use times like the summer months. Remember a few years ago when there were rolling brownouts in California?
Second-quarter operating profit at Volkswagen rose, the world's fourth-largest carmaker said on Wednesday, easily beating market expectations.
Europe's second-biggest car marker PSA Peugeot Citroen on Wednesday maintained its operating profit margin target for 2008 as first-half earnings rose more than expected on the back of cost cuts.
Toyota Motor may cut its 2008 global vehicle sales target by as much as 350,000 units to about 9.5 million because of declining sales in the United States, Japan and Europe, according to news reports.
Maruti Suzuki India, the country's top automaker, reported a smaller-than expected 7 percent fall in quarterly profit, as high costs of raw materials and a new depreciation policy outweighed higher sales.
It may be the number one question I get from people when they ask about the struggling U.S. automakers: Who would want these guys if they ever go belly up or get sold?
First, as oil has dropped like a rock, a lot of money has shifted, at least temporarily from commodities to stocks. Money that had to go someplace, and GM shares were a perfect buy. This stock, in my opinion, was way oversold when it dropped under $9 a share.
Over the last two months, I've heard one comment over and over about the dire straits Detroit's Big 3 find themselves in right now: Just go bankrupt and wipe the slate clean. This is one of those ideas that on paper makes sense on some level.
As if rising gasoline prices weren't enough, motorists are being hit by higher parking charges, with London coming up tops as the world's most expensive city to park your car, according to a survey.