NEW YORK— BMW has agreed to demands from the government to expand a recall of driver's-side air bags to the entire U.S. The recall affects 140,000 BMW 3 Series cars made between January 2004 and August 2006. The National Highway Traffic Safety Administration has been pushing companies to recall older cars with air bag inflators made by Takata Corp. They can...» Read More
New car sales in Europe were slightly down in September and virtually flat over the nine months, data showed on Tuesday, as consumers remained cautious despite low interest rates amid a paucity of new car models.
It's a pretty simple story today: Citi and Eaton. Citi, because they spoke about the need to raise reserves for potential losses in the credit area (reviving concerns about a consumer burdened by debt) and Eaton because they lowered Q4 guidance.
Ford Motor Chief Executive Alan Mulally said Monday he is pleased with the "breadth and depth" of interest in Ford's British luxury brands Jaguar and Land Rover.
A new four-year contract between General Motors and the United Auto Workers will transfer an estimated $46.7 billion worth of retiree health care liability from the company to the union and will significantly reduce labor costs, the company said Monday.
It came out left field. There I am Saturday morning at the gas station when the guy behind me said, "You keep saying GM's getting better. I'll believe it when I see it." At first I wasn't sure he was talking to me, but after a few seconds I asked him why he he doubts GM is coming back.
Ford Motor, considered the weakest of the three U.S.-based automakers, could agree on a new contract with the United Auto Workers union fairly quickly and without the strikes that marked negotiations with General Motors and Chrysler, analysts said on Thursday.
Ford Motor is expected to name long-time Toyota Motor executive Jim Farley to head its marketing division, a person familiar with the matter said Thursday.
Need proof the Big 3 may be on the verge of doing some good, perhaps even great things? Check out the latest management coup with Ford hiring Jim Farley away from Toyota to become the U.S. automaker's main man running marketing and communications.
Winnebago Industries, the No. 1 maker of motor homes, reported a rise in quarterly earnings on Thursday on significantly higher deliveries of the largest models.
With a conviction Chrysler executives have lacked in the past, the automaker's new president, Jim Press emphatically told reporters Wednesday night the struggling American automaker will change.
The United Auto Workers union said on Wednesday that it had reached a tentative labor agreement with Chrysler ending a strike against the automaker on the same day it began.
The United Auto Workers union reached a tentative labor agreement with Chrysler that includes a health care trust, ending a strike against the automaker on the same day it began.
Chrysler autoworkers started to walk off the job after the automaker and the United Auto Workers union failed to settle on a tentative contract agreement before a union-imposed deadline.
Over the last two months, I've heard roughly the same thing time and again from people in the auto industry and in Detroit. It's a variation of the general theme, "Chrysler, or more specifically it's owner Cerberus Capital, wants to break the UAW once and for all."
I've been doing "live shots" on the Michigan housing market. I wish I could preview what the candidates would say about the current housing recession in our country, but they really haven't said anything, so I don't have a clue what to tell you. I do know this: the neighborhood I have been standing in is what I like to call "America." Friendly folks, living on nice little manicured lawns in nice little brick and shingled houses.
Third-quarter profits are expected to be the weakest in five years, but much of the slowdown may be confined to the financial sector.
Within the next 24 hours, we will know if Chrysler and the UAW have worked out a new contract or if the union is on strike. Unlike the GM talks two weeks ago, it's a little tougher to handicap the odds of a strike at the country's #4 automaker.
Negotiators from Chrysler and the United Auto Workers were set to resume contract talks after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement.
Ford Motor said on Tuesday that its retail sales of vehicles in China rose 30 percent in the first three quarters from a year earlier to 149,455 units.
As earnings season kicks off Tuesday with Alcoa's results, analysts have been lowering their already bearish forecasts.