Automobiles and Components


  • Icahn Sweetened Lear Buyout Faces Stiff Opposition Wednesday, 11 Jul 2007 | 12:54 PM ET
    Carl Icahn

    Billionaire Carl Icahn's sweetened $3 billion buyout offer for auto parts maker Lear  has gained little traction among top advisory firms or shareholders ahead of a scheduled vote next week.

  • GM Pickup Truck with money

    Forget the ads touting which full size pick-up has more hauling capacity, or which one can stop just before going over the edge of a cliff, or even which truck makes you feel more American, rural, or cowboy. None of that matters. Here's what talks with truck buyers: cash. The more the better. And right now, pick-up buyers are picking up deals that have them sitting in the catbird seat. In fact, GM is doubling the cash back it's offering people who buy a new Chevy Silverado or GMC Sierra. That's an extra $1,000 on top of 0% financing.

  • Billionaire investor Carl Icahn's American Real Estate Partners raised its takeover offer for Lear to about $3 billion after shareholders balked at a previous buyout proposal, but the auto parts maker's second biggest shareholder remained unconvinced.

  • BMW 5 Series

    Is it a sign that we truly are in an iPhone world or a bleak reminder to automakers that it's tougher than ever for them to impress younger car buyers? Either way, the research is fascinating. The latest data from CNW marketing shows that younger consumers (ages 16-29) rank tech gadgets like the iPod/iPhone, gaming systems, and computers as more important than a new car when it comes to impressing friends.

  • Carlyle to Acquire Sequa for $2 Billion Monday, 9 Jul 2007 | 11:04 AM ET

    Private equity firm Carlyle Group said Monday it would buy aircraft and auto parts maker Sequa for $2 billion.

  • Chevy Boosts GM Europe's First-Half Sales Growth Monday, 9 Jul 2007 | 5:34 AM ET

    General Motors sales outgrew the broader European car market in the first half as a surge in demand for its Korean-built Chevrolet brand cars offset a hefty decline in Saab sales, the automaker said on Monday.

  • Workers at struggling auto parts giant Delphi's largest union have approved a historic contract agreement that cuts wages for many longtime workers but secures thousands of jobs at plants that once were in jeopardy.

  • Dana Reaches Deals With Largest Unions, Centerbridge Friday, 6 Jul 2007 | 12:40 PM ET

    Dana said Friday it has reached deals with the United Steelworkers and United Auto Workers on more than $100 million per year in cost cuts the car and truck parts maker needs to exit bankruptcy.

  • BMW's First-Half Sales Up 4.5% Friday, 6 Jul 2007 | 12:39 PM ET

    Automaker BMW said Friday that sales in the first six months of the year rose by 4.5%.

  • Peugeot First-Half Sales Flat Friday, 6 Jul 2007 | 3:09 AM ET

    Peugeot said its first-half sales were unchanged compared with the year-earlier period at 1.764 billion units, while its market share in Western Europe rose by 0.2% to 14.2%.

  • European Stocks to Watch: Fiat Thursday, 5 Jul 2007 | 12:06 PM ET

    Shares in Fiat fell 0.3% Thursday as investors reacted to the launch of the new Cinquencento, an entry-level car revamped for the 50th anniversary of the original model.

  • Chrysler & Chery Deal: Made In China, Sold In America Thursday, 5 Jul 2007 | 11:37 AM ET
    Chrysler and Chery

    Mark it down. It was this Tuesday, July 3rd--on the eve of America celebrating its independence--when one of the Big 3 made the first deal to have an American brand car built in China and sold here in the U.S. The deal is between Chrysler and Chinese automaker Chery Automotive. Chrysler CEO Tom Lasorda signed the agreement with Chery's CEO in Beijing and heralded it as a "win/win deal". Chery wins because it's collaboration with Chrysler will help that company learn the ropes of what it will take to ultimately sell Chery vehicles in the U.S.

  • Chrysler, China's Chery Sign Vehicle Export Deal Wednesday, 4 Jul 2007 | 6:01 AM ET

    Chrysler Group signed a deal Wednesday with China's biggest automaker, Chery, to produce cars for export to the United States and elsewhere in the first attempt by a major automaker to use China as a manufacturing base for world markets.

  • GM Sales Fall While Toyota Reports Another Increase Tuesday, 3 Jul 2007 | 2:17 PM ET

    GM, Ford and DaimlerChrysler  said Tuesday their U.S. sales fell in June, while Toyota sold more cars during the month.  The news came as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.

  • DaimlerChrysler  said Tuesday its U.S. sales fell 2 percent in June.  The news came even as an industry group reported that automakers are deepening discounts to entice consumers to buy cars.

  • 1996 Pontiac Firebird Trans Am

    On the eve of our country's birthday, it seems like a perfect time to celebrate the good things happening for American automakers (and yes, there are good things happening). So with that said, this 4th of July Behind the Wheel blog will include no mention of high labor and healthcare costs, dwindling market share, or the struggle to break even. After all this is the holiday to sing out, "Baseball, hot dogs, apple pie, and Chevrolet."

  • EU Approves Purchase of Chrysler by Cerberus Tuesday, 3 Jul 2007 | 6:38 AM ET

    Private U.S. equity firm Cerberus won approval from the European Commission on Tuesday to buy the Chrysler operations of auto giant DaimlerChrysler, under a simplified procedure.

  • South Korea's Kia Union to Strike Over Wage Disputes Monday, 2 Jul 2007 | 10:49 PM ET

    Unionized workers at Kia Motors, South Korea's No. 2 auto maker, said on Tuesday they plan to stage work stoppages over wage disputes.

  • Delphi Hopes to Wrap Up Other Union Deals in Weeks Monday, 2 Jul 2007 | 12:22 PM ET

    Bankrupt U.S. auto parts maker Delphi, which reached a cost-cutting deal with the United Auto Workers, hopes to complete agreements with its remaining unions by mid-August, it said in court papers.

  • Japan World's #1 Automaker: What's Ahead For Big 3? Monday, 2 Jul 2007 | 9:13 AM ET
    Japanese Flag

    The headline this morning from Automotive News is hardly surprising, but it is another reminder of how the U.S. auto industry has changed dramatically in recent years. The latest data shows Japan surpassed the U.S. last year to become the world's #1 vehicle producer. It's the first time in 12 years Japan has outpaced the U.S. Not only that, but the Asian country is on track this year to expand its lead.