*Paris auto show opens to press Thursday, Oct. 2. That is the fear of executives as they gather for the Paris auto show opening on Thursday, the biggest industry event in the regional calendar. Carmakers are rolling out new models in anticipation of closing the gap-- the Paris show floor will be bristling with fuel-efficient small cars and compact SUVs.» Read More
Like a third-grade boy forced to hand out Valentine's Day cards to the little girls in his class he would rather not acknowledge, Chrysler and Mercedes are going to see if they can finally get together. My opinion: It won't work unless both the Americans and Germans change their attitudes.
No, your eyes aren't deceiving you: General Motors is "exciting." The turnaround in the automaker's status comes courtesy of Merrill Lynch, which kicked GM's rating up two notches, from "sell" to "buy." Two industry-watchers joined "Closing Bell" to explain why.
As I woke in Detroit after flying in from New York this morning, I saw the story on "Squawk Box," - another Wall St. firm had raised GM to a buy rating. Why? Primarily on the idea that GM's 17 billion surplus on It's pension wil give it the leverage needed to strike a better deal with the uaw regarding retiree healthcare costs.
A senior adviser to the European Union's highest court said Tuesday the German government is excessively protecting automaker Volkswagen AG, preventing any takeover of the business.
Honda Motor said on Tuesday it would recall 45,335 Civic hybrid cars globally to fix a faulty voltage converter that could cause a short circuit and stop the engine.
Stylish, smokin', sensational sales. Pardon the alliteration, but it seemed the best way to characterize Mercedes "S" class. This luxury car is red hot. According to the Power Information Network, the "S" was one of the most popular leased vehicles in January. And on the sale side, the average "S" stays on dealer lots just 18 days. Making it one of the 10 fastest selling cars of the month.
Auto parts maker Lear said it had accepted a $2.31 billion buyout offer from billionaire investor Carl Icahn, but also said it could solicit alternate proposals for 45 days.
DaimlerChrysler unveils its latest restructuring plan for ailing U.S. arm Chrysler on Wednesday, almost six years to the day after its first try at shoring up profits from across the Atlantic.
U.S. auto parts maker Lear, which has received a $2.31 billion buyout offer from activist investor Carl Icahn, remained mum on the reasons behind a long trading halt in its shares Thursday.
Today at the Chicago Economic Club, Jim Press, the highest ranking American member of Toyota's executive corps caused a bit of stir, when he said the Japanese automaker would like to cut labor costs without cutting wages. Though vague, the comment has investors wondering if Toyota is talking tough on labor -- and if this is a sign of problems for the folks that make the Camry.
If you woke up early this morning and saw the wire reports out of France, you would have seen the latest earnings and comments from the man who many consider to be the best CEO in the auto industry - Carlos Ghosn. The CEO's two company's just posted awful quarterly earnings. Renault down 15% and Nissan down 23% ... Is it gut-check time for Ghosn? You bet.
Renault SA said Thursday its net profit fell 14.8% in 2006, weighed down by falling sales in Europe, but predicted an upturn in profitability when it launches new models in the second half of this year.
The Tundra truck -- Toyota Motor’s postmodern combo of blue-collar ruggedness and advanced electronics -- goes on sale this week. How will top automakers confront the competition? That’s one question that drew CNBC’s Phil LeBeau to the Chicago Auto Show.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
Well at last, the battle for America's heartland has begun. Armed with bigger quad cabs, more torque, and plenty of bravado ... Detroit's 3, Toyota, and Nissan are working harder than ever to win over truck buyers. This week, Toyota's long anticipated, and much hyped Tundra full size pick-up goes on sale.
Luxury automaker Audi AG said Wednesday that sales of its cars worldwide rose 8% last month compared with the same period a year ago.
French automaker PSA Peugeot-Citroen said Wednesday net profit tumbled in 2006 on weaker worldwide sales, a poor product lineup, the cost of complying with new European pollution standards and higher raw material prices.
About 8,000 U.S. hourly workers left struggling automaker Ford Motor in January after taking buyout offers, said Mark Fields, president of the Americas and overseer of Ford's restructuring.
As U.S. automakers have struggled over the past years, they have always been able to hang on to one last profitable stronghold – the large pickup truck market. But that fortress is about to be stormed by Toyota as its redesigned Tundra pickup hits the showrooms this week.
The Taurus, considered by some the car that saved Ford, revolutionized the way autos look and feel when it was introduced in 1985.