Speaking to CNBC at the Beijing Auto Show on Sunday, Dan Ammann, President of General Motors, discusses which part of the car market he is most excited about.» Read More
Two people who have been briefed on the talks said Saturday that bargainers reported progress toward an agreement on the linchpin of the talks, GM funding a union-run trust that would take over much of the company's $51 billion unfunded obligation to pay health care costs for retirees.
General Motorsand the United Auto Workers union resumed negotiations Friday after adjourning talks in the early hours as 73,000 GM workers returned for another day of work without a new contract.
Airbus's chief operating officer said the rise in the euro to above $1.4 meant the European plane maker might have to find another billion euros in savings under a restructuring plan drawn up with the euro at $1.35.
Negotiators for General Motors and the United Auto Workers, trying to craft a new contract, are still discussing the automaker's proposal to pay the union to form a trust and take over the company's huge retiree health care obligation, according to two people who have been briefed on the talks.
Chrysler's newest hire, and new head of sales and marketing, Jim Press, says he's "on the home team" and ready to grow the struggling American automaker. But as I listened to the first public comments from Jim Press, I kept asking myself, "how exactly will this man revive Chrysler?" For now, that is still unclear.
Ford Motor on Thursday said Francisco Codina, the automaker's North American sales and marketing chief, will retire on Nov. 1 after a 30-year career with Ford.
EBay is exploding with all things O.J. In the past week, 770 Simpson-related items have been sold compared to 337 items in the three months before that time. Not everything is going to come to market, but I thought it would be fun to throw out the best of what might one day emerge.
There was a time when the idea of crude oil hitting $100 a barrel would have sent the auto industry into a panic. Funny, with oil now trading at roughly $82 and with a growing number of forecasters saying $100 is a possibility, the bread and butter big rigs (SUVs, pick-ups, crossovers) are still selling. People still want them, even if there's a greater chance of gas prices rising. Why?
CarMax, the No. 1 used-car retailer in the United States, posted higher quarterly earnings and sales Wednesday, but cut its full-year outlook due to the tough automotive retail market, sending its shares down more than 12 percent.
A federal appeals court on Tuesday upheld a Delaware judge's rejection of billionaire investor Kirk Kerkorian's claims that he was defrauded in the 1998 merger of DaimlerBenz and Chrysler.
Negotiators for the United Auto Workers union and General Motors broke off contract talks on Tuesday night and prepared to return to the bargaining table on Wednesday as the union cautioned it could be forced to set a deadline if progress stalled.
AutoZone, the largest U.S. auto parts retail chain, posted weaker-than-expected quarterly earnings as high gas prices curtailed demand, sending shares lower.
Negotiators for the United Auto Workers union and General Motors were scheduled to resume discussions later on Tuesday as GM factory employees went to work as usual on the fourth day without a new contact.
We all know them. The person who swears they'll never drive anything but Mercedes, BMW, or Lexus. When it comes to brand loyalty and the prospect of considering different brand cars and trucks, the foreign guys have enjoyed the type of loyalty American car companies crave.
Ford Motor may accelerate cost cutting if a slowing U.S. economy puts the auto maker at risk of missing key financial goals in 2008 and 2009, the Wall Street Journal reported in its online edition on Tuesday, citing an interview with an executive.
Bargainers for General Motors and the United Auto Workers resumed contract negotiations Monday amid optimism that they are getting closer to reaching a critical contract agreement.
This afternoon negotiators for GM and the UAW resumed talks to iron out a new contract. Despite the growing sense in Detroit that the two sides are close to deal, it may be while before we see an agreement in principal. Why?
This morning I'm in Seattle for the roll out Ford's Sync: a software program the automaker developed with Microsoft that will allow you to send and receive text messages through your car while you are driving. In many ways, it's the first true step toward making our cars and trucks internet portals. And I have mixed feelings about it.
Contract talks between General Motors and the United Auto Workers union resumed late Sunday morning after negotiators talked all day Saturday, a person familiar with the talks said.
Chrysler said Friday it would recall nearly 300,000 sport utility vehicles to address potential braking problems while driving uphill. In a separate move, Honda Motor Co. said it was recalling more than 180,000 Civics from the 2006-2007 model year to fix a wheel-bearing seal that could leak and lead to a wheel falling off the car.