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Automobiles and Components

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  • GM CEO: 'No Cash Impact' From Record Charge Wednesday, 7 Nov 2007 | 9:22 AM ET
    General Motors Chairman and Chief Executive Rick Wagoner.

    General Motors CEO Rick Wagoner sees "tough circumstances" in the marketplace, but expects "no cash impact" from a massive charge that left his company with a record $39 billion third-quarter loss.

  • Toyota's Quarter Profit Up on Weak Yen, Sales Rise Wednesday, 7 Nov 2007 | 9:11 AM ET
    2007 Toyota Camry

    Toyota Motor, the world's biggest and most profitable automaker, posted a 2.7 percent rise in quarterly operating profit thanks to a weaker yen, cost cuts and stronger sales, and it raised its full-year forecasts.

  • Ford's Bullitt Is Back But You Want Other Models Gone Wednesday, 7 Nov 2007 | 8:44 AM ET
    2008 Ford Bullitt Mustang

    I'm not a car geek, but I have to admit, there are certain models that immediately make me smile. Ford's Bullitt Mustang is one-mainly because I still say the chase scenes in Steve McQueen's movie "Bullitt" are among the best I've ever seen ("The French Connection" is another favorite).

  • GM to Take $39 Billion Charge, Faces Challenges Tuesday, 6 Nov 2007 | 10:00 PM ET
    GM logo, General Motors logo

    General Motors said it would book a $39 billion non-cash charge in the third quarter, reflecting the risk of a slower turnaround that could keep it from claiming expected future tax credits in key markets.  GM will report third-quarter results on Wednesday.

  • Auto Earnings Ahead Tuesday, 6 Nov 2007 | 8:16 PM ET

    The trade as U.S. automakers prepare to report earnings.

  • Ford Aims To "Hit The Mark" With The Mustang Bullitt Tuesday, 6 Nov 2007 | 6:14 PM ET
    2008 Ford Bullitt Mustang

    "Bullitt" was a hit cop drama movie in 1968, with two super stars in the cast: Steve McQueen and a hotter than hot Ford Mustang featured in what was then one of the most exciting cars chases ever filmed (by the way, the car McQueen was chasing was a Dodge Charger)

  • Hydrogen Car "Debate" Drives Some Of You Crazy! Tuesday, 6 Nov 2007 | 10:47 AM ET

    I know the debate over how long until we see Hydrogen powered vehicles can be a heated one, but I have to admit I'm a little surprised at some of the e-mails sent to me about my blog yesterday. In a nutshell I told you I believe the hype surrounding the potential of hydrogen powered vehicles is overshadowing the reality that these clean burning rides won't be out on the street for a long, long time.

  • BMW Misses Profit Estimate; Shares Fall Sharply Tuesday, 6 Nov 2007 | 5:47 AM ET
    2007 BMW 335i Convertible

    BMW, the world's largest premium carmaker, reported third-quarter pretax profit that fell far short of market expectations amid a strong euro and higher raw material costs, sending its shares sharply lower.

  • Ford Labor Pact Would Spare 3 US Plants: UAW Monday, 5 Nov 2007 | 3:15 PM ET

    Ford Motor agreed to keep three U.S. plants open and pour significant new investment into its other manufacturing facilities as part of a tentative contract with the United Auto Workers, union officials briefed on the deal said on Monday.

  • Hydrogen Cars: Are They Real Hope Or Just Hype? Monday, 5 Nov 2007 | 8:54 AM ET
    BMW Hydrogen 7

    With this being the start of "Green Week" here on the networks of NBC, it's only natural the guy who covers the one industry responsible for a good chunk of the world's pollution, look at the great hope for reducing emissions in automobiles: Hydrogen.

  • 2008 Dodge Magnum

    Shortly after I blogged yesterday about Chrysler cutting four slow-selling models (Pacifica, Crossfire, convertible PT Cruiser, and Dodge Magnum) as part of its effort to stem losses, I heard from people saddened to see these models go. Earl wrote, "Too bad about the Magnum. I have one and it is a great car. Much better than my old Five Series BMW! I would buy another in a second."

  • Ford Drops While Rivals Gain in Auto Sales Thursday, 1 Nov 2007 | 2:42 PM ET
    Ford

    Ford's U.S. sales fell 9.3 percent in October, leaving it slightly behind rival Toyota, which reported a 4.5 percent sales increase for last month.

  • Chrysler's Job And Model Cuts: What They Really Mean Thursday, 1 Nov 2007 | 11:22 AM ET

    As expected, Chrysler is wasting little time in downsizing both its work force and struggling line-up of vehicles. Today, the automaker announced it will cut another 8,500 to 10,000 jobs, including 1,000 white collar employees. This round of downsizing is on top of the 13,000 job cuts announced earlier this year as part of the plan to get Chrysler back in the black.

  • Hollywood's Newest Hit: The Color Green Wednesday, 31 Oct 2007 | 5:03 PM ET

    In the entertainment industry, the idea of being green is very, very cool. You can't go two feet without seeing a Prius--they're even becoming the limo-of-choice for the Oscars. I myself bought a Prius in May and I love it. Not only is it eco-friendly, but it's also incredibly convenient. Not having to fill up that often saves a ton of money, and all that time wasted at the gas station. Tons of time.

  • US Auto Sales Seen Declining Slightly in October Wednesday, 31 Oct 2007 | 4:50 PM ET

    U.S. auto sales are expected to have dipped slightly in October, as stepped-up incentive spending by automakers could not totally offset the drag from continued turmoil in the U.S. housing market, analysts said.

  • SEMA Convention: The Really Cool Cars I Found Wednesday, 31 Oct 2007 | 11:54 AM ET
    Lexus IS-F

    If you go to as many auto shows as I do, you quickly realize that there are only a few times you see a car, truck or SUV that is truly cool. Once again, spending a couple days in Las Vegas convinced me that the WOW factor is at the SEMA (Specialty Equipment Manufacturing Association) convention.

  • MAN Reports Profit Jump, Raises Outlook Wednesday, 31 Oct 2007 | 11:49 AM ET

    Truck maker MAN said Wednesday that its third-quarter profit rose 32 percent on a gain in orders for its trucks and improving sales, and raised its outlook for the rest of the year.

  • Visteon Cuts Costs and Narrows Losses Wednesday, 31 Oct 2007 | 7:46 AM ET

    Auto-parts maker Visteon posted a narrower quarterly loss on Wednesday, supported by cost cuts, and said a multiyear restructuring plan remains on track.

  • Ford, UAW Step Up Pace of Contract Talks Tuesday, 30 Oct 2007 | 1:33 PM ET
    Ford announced today that it is cutting production by 21% resulting in downtime at the assembly plant in St. Thomas Ontario on Friday Aug. 18, 2006. Ford Motor Co. announces sharp cuts in its North American production that would force it to partially shut down plants in the U.S. and Canada in the fourth quarter. (AP Photo/Canadian Press, Geoff Robins)

    Ford Motor  and the United Auto Workers union Tuesday intensified the pace of negotiations for a new labor contract, a person familiar with the talks said.

  • European Market Close Lower on Weak Earnings Tuesday, 30 Oct 2007 | 1:20 PM ET

    Europe's major indexes closed lower Tuesday as investors remained cautious in the run up to Wednesday's Federal Reserve decision and in the wake of a generally disappointing batch of major earnings reports.