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Automobiles and Components

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  • Mercedes' CORE Plan Leads to Improved Savings, Revenue Tuesday, 25 Sep 2007 | 11:54 AM ET

    DaimlerChrysler said Tuesday that a program launched in 2005 to restore the luster of the company's Mercedes Car Group has worked so well that it's being ended ahead of schedule.

  • GM/UAW: Oops! I Got It Wrong About The Strike Tuesday, 25 Sep 2007 | 10:27 AM ET

    At this time yesterday morning, I boldly and unequivocally blogged about my belief that GM and the UAW would avoid a strike and agree on a new contract. If you read that and then, just a few hours later, saw me interview striking workers in Warren, Michigan, you probably said to yourself, "boy did he get that wrong!"

  • UAW Strikes GM; Job Security Is Key Issue Monday, 24 Sep 2007 | 4:32 PM ET

    United Auto Workers stage a national strike after the two sides fail to sign a new contract by a union-imposed deadline. Sides still talking.

  • Long GM Strike Could Hurt Parts Suppliers Monday, 24 Sep 2007 | 4:03 PM ET

    A strike at U.S. automaker General Motors will hurt suppliers if it drags on, further battering an industry already suffering from shrinking sales and possible bankruptcies, analysts said.

  • As many as 100,000 Canadian workers could be laid off by the end of this week if the strike at General Motors' U.S. operations drags on, the head of the Canadian Auto Workers union said Monday.

  • GM/UAW Strike: Job Security Still The Issue Monday, 24 Sep 2007 | 3:43 PM ET

    As I walk along the UAW picket line outside the GM power train plant in Warren, Michigan, I hear the same thing over and over: "protect our jobs".  For all the talk about GM and the UAW being able to agree on a groundbreaking fund to handle rising healthcare expenses, the sticking point is old fashioned job security.

  • UAW Members Nervous, but Stoic Over GM Strike Monday, 24 Sep 2007 | 3:36 PM ET

    Members of the United Auto Workers union at General Motors Corp reacted with a mixture of nervousness, surprise and stoicism Monday after their union called a strike against the top U.S. automaker.

  • GM Strike Costs 760 Vehicles Per Hour, Analyst Says Monday, 24 Sep 2007 | 3:11 PM ET

    The strike at General Motors will cause U.S. production losses of 760 vehicles per hour and could shut the automaker's facilities in Canada and Mexico within three days, a leading industry analyst said Monday.

  • 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.