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Automobiles and Components


  • Porsche Denies Seeking 75% Volkswagen Stake Monday, 10 Mar 2008 | 1:38 PM ET

    German sports car maker Porsche will not seek to raise its Volkswagen stake to 75 percent, it said on Monday, noting talk of such a move "overlooks the realities in VW's shareholder structure".

  • VW Aims to Triple US Sales by 2018: WSJ Monday, 10 Mar 2008 | 1:13 PM ET

    Volkswagen aims to more than triple annual car sales in the United States to more than 1 million a year by 2018, according to the Wall Street Journal on Monday, citing VW's top U.S. executive.

  • 2008 Chevy Tahoe Hybrid

    Here we go again. Oil is spiking higher (over $107 a barrel) and the folks in the auto industry are once again projecting that $4 a gallon gas may be here this summer. It's sparking a new round of discussion about whether this will prompt people to change their driving habits or the type of cars/trucks/SUVs people will buy.

  • VW's Plans, Nine Year Auto Loans: Your Emails Friday, 7 Mar 2008 | 11:59 AM ET

    After numerous road trips over the last week and half, it's been a while since I had a chance to share some of your e-mails about my recent blogs. And boy have some of them touched a nerve. On VW's turnaround plan, a number of you are skeptical. Glen told me, "Phil..it's all about "R.E.L.I.A.B.I.L.I.T.Y !!!!!!! Tell the new North American CEO to improve on that!!"

  • The Week in Europe: A Sea of Red Friday, 7 Mar 2008 | 9:54 AM ET

    European markets closed lower every day except for Wednesday, with the financial stocks taking an especially hard battering on continued concerns over the state of the U.S. economy.

  • Volkswagen: Big Plans Beyond The Bug Thursday, 6 Mar 2008 | 8:49 AM ET

    When you think of Volkswagen, what pops into your mind? Let me guess: the Beetle, Microbus, and Jetta all bring a smile to your face. Then it fades as you think about the Touareg, Phaeton, and a company that often appears lost. I call it the split personality of VW.

  • Geneva Motor Show: A Bevy of Beauties Wednesday, 5 Mar 2008 | 11:26 AM ET

    It was all about beautiful cars and gorgeous girls as CNBC took to the ground for the 78th Geneva Motor Show, where automakers revealed their latest models, concept cars and technical and environmental innovations for 2008.

  • GM Supplier American Axle to Resume Labor Talks  Wednesday, 5 Mar 2008 | 11:24 AM ET
    General Motors

    American Axle & Manufacturing Holdings said Wednesday it plans to return to the bargaining table with striking workers, signaling movement in a strike that has shuttered plants and cut vehicle production at General Motors.

  • 9-Year Auto Loans?! 'Crazy' But True! Wednesday, 5 Mar 2008 | 10:56 AM ET

    Here's something that should make you realize what crazy times we are living in: 9-year auto loans are popping up around the country. That's right, it wasn't a typo. Nine years! 108 months! Almost a third of the time used to pay off a conventional mortgage!

  • GM Idles 7 Plants in Wake of American Axle Strike Tuesday, 4 Mar 2008 | 10:10 AM ET
    General Motors

    General Motors said Tuesday it will close a seventh facility next week as the impact from a strike against American Axle & Manufacturing continues to widen for the No. 1 U.S. automaker.

  • Despite Gloom, Geneva Motor Show Offers Some Hope Tuesday, 4 Mar 2008 | 9:44 AM ET

    Amid the gloomy comments from auto executives at the Geneva Motor Show, the unveilings of several important new models are being overshadowed. Take the new Ford Fiesta. This compact car is being sold in Europe, but the design cues and architecture behind this car will be the underpinnings of compact cars the automaker will roll out in the U.S. in the future.

  • Auto Sales Numbers Are Just Plain UGLY Monday, 3 Mar 2008 | 2:58 PM ET
    Ugly Auto Sales

    We knew they would be bad, and they were. In fact, February auto sales make it clear, the consumer is tired, nervous, worried: you-fill-in-the-adjective. Look at the numbers: GM down  16.7 percent (including trucks down more than 22 percent)

  • Ford to Cut Shifts, Lay Off Some 2,500 Workers Monday, 3 Mar 2008 | 12:00 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 said Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers -- or almost 5 percent of its remaining work force -- as part of an effort to cut costs and return to profitability next year.

  • Banks Lead Euro Stocks Lower; HSBC Gains Monday, 3 Mar 2008 | 11:56 AM ET

    European stocks closed lower across the board Monday, despite recovering form earlier lows, with banks suffering the worst of the selling on continued concerns over the state of the U.S. economy.

  • Auto Sales Number Could Tell Us How Bad Industry Is Monday, 3 Mar 2008 | 10:23 AM ET

    Later today, the February auto sales will come out. By all accounts, the numbers will likely be awful. Not just lower, but in the words of one industry veteran, "terrible." We'll have to wait and see what the actual numbers are, but I won't be surprised to see industry sales down 10 percent.

  • Porsche to Get Majority of Volkswagen Monday, 3 Mar 2008 | 9:37 AM ET

    German sports car maker Porsche will increase its 31 percent voting stake in Volkswagen to a majority but does not intend to merge the two carmakers, Porsche said on Monday.

  • Volkswagen Increases Scania Stake to 68.6% Monday, 3 Mar 2008 | 4:45 AM ET

    German carmaker Volkswagen said on Monday it would raise its stake in Swedish truckmaker Scania to 68.6 percent, a move that may lead to a merger of Scania and German truckmaker MAN.

  • New Cars: What They REALLY Cost You Friday, 29 Feb 2008 | 9:43 AM ET
    Woman looks at new Toyota Camry on dealer lot

    We've all done it. When we've gone looking to buy a new car, we get a price on a model or two and then we think to ourselves, "Ok, THIS is what this car is going to cost me." Now we may need to re-think that approach.

  • asian_auto_reliability.jpg

    They've done it again. The Asian automakers, especially the Japanese dominate the latest Consumer Reports survey (subscription needed for full reports) on auto reliability. Of the 33 models CR picked to be "most reliable," 23 are from Japanese automakers. Some, like the Toyota Prius, we've come to expect to see on the list.

  • Auto Reliability: Who Makes The "Better" Cars? Thursday, 28 Feb 2008 | 8:29 AM ET

    Later today we'll find out if the time, money and effort the Big 3 have put into building more reliable cars and trucks has paid off. Consumer Reports releases its 2008 auto reliability survey and the question for many is: Are the Big 3 finally getting their act together?