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Automobiles and Components

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  • GM/UAW Talks: Why I Think There Will Be A Deal Monday, 24 Sep 2007 | 10:36 AM ET

    After more than 20 straight hours of talks, negotiators for the United Auto Workers and General Motors face a strike deadline of 11 am this morning. In past years that would prompt people to say, "uh oh, there's gonna be a nasty strike".

  • Volvo Deliveries Dip on Lingering U.S. Woes Monday, 24 Sep 2007 | 3:52 AM ET

    Truck deliveries by world No.2 truckmaker Volvo fell 4% in January through August as gains in Europe and Asia failed to offset lingering weakness in North America, the firm said on Monday.

  • GM, UAW Work to Complete Cost-Cutting Labor Deal Sunday, 23 Sep 2007 | 11:12 PM ET
    General Motors

    General Motors and the United Auto Workers union on Sunday rushed to complete a cost-cutting labor deal that would allow the top U.S. automaker to cut itself free from a $50 billion retiree health-care burden.

  • GM, UAW Optimistic as Talks Continue Sunday, 23 Sep 2007 | 4:03 PM ET

    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.

  • GM, Union Resume Talks, Still Apart on Health Costs Friday, 21 Sep 2007 | 10:56 AM ET

    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 COO Sees Strong Euro Hurting Recovery Friday, 21 Sep 2007 | 3:58 AM ET

    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.

  • GM, UAW Continue to Discuss Health Care Issue Thursday, 20 Sep 2007 | 4:44 PM ET

    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 Press on "the Home Team" Thursday, 20 Sep 2007 | 1:45 PM ET
    Jim Press

    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 North American Sales Chief to Retire Thursday, 20 Sep 2007 | 11:44 AM ET

    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.

  • The Best O.J. Memorabilia Wednesday, 19 Sep 2007 | 2:37 PM ET
    O.J.'s Gloves

    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.

  • Oil Surging -- Why are Big Rigs Still Selling? Wednesday, 19 Sep 2007 | 12:12 PM ET
    Ford F Series

    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 Cuts Full-Year Outlook, Shares Tumble Wednesday, 19 Sep 2007 | 9:58 AM ET

    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.

  • Court Upholds Kerkorian Ruling in DaimlerChrysler Suit Wednesday, 19 Sep 2007 | 5:04 AM ET

    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.

  • GM, UAW Contract Talks Push on, Key Issues Remain Tuesday, 18 Sep 2007 | 11:24 PM ET
    A Chevrolet dealership in Loveland, Colorado.

    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 Profit Misses Forecasts on Slower Demand Tuesday, 18 Sep 2007 | 12:30 PM ET

    AutoZone, the largest U.S. auto parts retail chain, posted weaker-than-expected quarterly earnings as high gas prices curtailed demand, sending shares lower.

  • GM, UAW to Continue Negotiations on New Contract Tuesday, 18 Sep 2007 | 11:37 AM ET
    A Chevrolet dealership in Loveland, Colorado.

    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.

  • American Cars: To Buy Or Not To Buy--Would You? Tuesday, 18 Sep 2007 | 11:24 AM ET
    2007 Lexus LS

    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 Could Speed Cost Cuts as Economy Slows: WSJ Tuesday, 18 Sep 2007 | 4:56 AM ET

    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.

  • GM, Union Get Back to Bargaining Table Monday, 17 Sep 2007 | 3:53 PM ET
    A Chevrolet dealership in Loveland, Colorado.

    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.

  • GM/UAW Talks: Why Agreement May Take A While Monday, 17 Sep 2007 | 3:41 PM ET

    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?