German carmaker BMW said its talks with technology giant Apple did not involve developing or building a car, denying a German magazine report.» Read More
The 1st part of CNBC Smoke Test - ABSTRACT
Here's an interesting move: take a large SUV that struggles to get great mileage and export it to a market known more for compact cars. That's what GM is doing with its HUMMER brand and its expansion into Japan. I'm not sure this makes sense.
General Motors Corp has had talks with Russia's GAZ about a possible tie-up that would give the No. 1 U.S. automaker more production capacity in the booming Russian market, GM Chief Executive Rick Wagoner said Monday.
Want further proof we're in a global auto market where the countries outside the U.S. are playing a bigger role? Consider this: there are reports that Europe is on the cusp of passing up the U.S. as #1 in the world for sales. Think about that for a second.
Oh, for the days of the gold Plymouth Duster (my friend Bob had a '72 one with three on the tree) or light green (my friend referred to it as "puke green") AMC Gremlin. Remember the old days when some automaker would come out with a funky colored car and people actually bought them?
The big three automakers plan to curtail production of full-size pickups for several weeks as economic worries hit sales of their most profitable products, the Wall Street Journal reported.
Chrysler Chief Executive Robert Nardelli expects the automaker to lose $1.6 billion this year, the Wall Street Journal reported in its online edition, citing sources familiar with the matter.
GM said it's interested in exploring further cooperation with automaker AvtoVaz as one way to "expand our footprint in Russia."
AutoZone, the largest U.S. auto parts retail chain, said on Tuesday quarterly earnings rose 7 percent, helped by the sale of higher-profit products.
Can 30,000 people be wrong? That's how many people have placed an order for the new Smart Fortwo b cars that hit the U.S. next year. Those early signees will no doubt be glad to see Daimler A.G. Chairman Dieter Zetsche, in Washington Tuesday promoting the impending arrival of the 'b' car early next year.
General Motors said its U.S. light vehicle sales fell 11 percent in November as consumer demand softened, while Toyota Motor and Ford Motor defied expectations by reporting small sales increases for the month.
I heard it again Saturday night. I was talking to a friend at a party and he said, "I want a car I'm gonna like...I mean really like." I chuckled and told him, "Join the club." After giving him some suggestions I told him about the latest survey from Consumer Reports on the models with the most satisfied owners.
For General Motors, this is pretty darn good. No, let me amend that. This is really good. The automaker has three cars listed on Car and Driver's best of 2008. It's the only domestic automaker to get a car on the list. And most importantly, the new Chevy Malibu is among the 10 best according to Car and Driver.
Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.
As we wrap up this year, we are close to seeing U.S. auto sales fall to their lowest point in nine years. It has me wondering about what's spooking vehicle buyers? Is it the economy? Is this simply the natural ebb and flow of demand for new cars, trucks and SUV's?
German sports car maker Porsche Automobil Holding unveiled sharp gains in four-month unit sales and revenue on Wednesday but left investors guessing about its plans for Volkswagen.
The Pep Boys - Manny, Moe & Jack, an automotive parts and service chain, posted a wider third-quarter loss Tuesday and said it closed 31 stores, which will result in a work force reduction of about 3 percent, or about 550 employees.
General Motors will begin producing a hybrid car in China from next year, in time for the Beijing Olympics in August, the U.S. automaker said on Wednesday.
It's hard for me to find a more perplexing automaker than Volkswagen. Mainly because it is a brand and a company with so much potential, so much brand loyalty, and yet, from my perspective, it has not achieved what it should.
Volkswagen said Tuesday its core brand plans to invest 9.5 billion euros ($14.1 billion) over the next three years in new products, plants and production capacity.