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Automobiles and Components

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  • Where's The "Fast Money" On Oil's Decline? Wednesday, 17 Jan 2007 | 2:06 PM ET

    Oil seems to be the story of the day--or week. The price appears to be bouncing a little bit, after dropping to a 20-month low earlier, at $50.28 a barrel.  (We haven’t seen that level since May 25, 2005.)  Many investors now wonder if it will fall below the psychologically important $50 per barrel mark. Where’s the fast money in this volatile environment? We asked "Fast Money’s" Jeff Macke who is also a retail analyst.

  • The Alliance Dance: Don't Get Too Excited. Wednesday, 17 Jan 2007 | 9:53 AM ET

    The headlines crossed the wires hours apart, from different parts of the world, and but will do little to excite investors about auto stocks. A Toyota executive on Tuesday said the automaker would be open to forming an alliance with Ford to work on specific projects-such as sharing technology. Then last night, in a speech in Dearborn, Michigan, GM CEO Rick Wagoner said the world's largest automaker is open to pursuing a alliances with other automakers based on project cooperation. My reaction?  ...

  • Toyota Would Consider Tie with Ford if Asked: Paper Wednesday, 17 Jan 2007 | 8:32 AM ET

    Toyota Motor is open to a broader partnership with Ford Motor  if the struggling U.S. auto maker asks, the Nikkei business daily reported on Wednesday, citing an interview with its president.

  • GM CEO Sees Deal with Delphi, Union, in Near Term Wednesday, 17 Jan 2007 | 4:14 AM ET

    General Motors Chief Executive Rick Wagoner on Tuesday said a deal with bankrupt former subsidiary Delphi and its union to cut wages and benefits was possible in the "near term."

  • Satellite Radio In "Orbit "Over Merger Murmurs Tuesday, 16 Jan 2007 | 10:56 AM ET

    Talk of a merger between XM Satellite Radio and Sirius Satellite Radio has been churning for months now. 2006 was far from a stellar year for either satellite network, although both stocks are up 20% YTD – mostly on continued rumors of a merger. But is a merger between the two rivals in the cards? David Bank of RBC Capital Markets joined the “Squawk on the Street” team at the NYSE to talk about it.

  • Tundra's Tough Test Begins Tuesday, 16 Jan 2007 | 9:55 AM ET
    2007 Toyota Tundra

    A weekend of playoff football was the perfect place for Toyota to show it's new Tundra's are every bit as tough as the full size pick-ups from Ford, GM, and Dodge. The real test is not only how many American truck buyers paid attention to the Toyota ads, but ultimately, how many people buy the new Tundra.

  • Volkswagen's former personnel chief, Peter Hartz, goes on trial Wednesday in a corruption case that has shone an unsavory light on the cozy relationship between the company's management and labor representatives.

  • Europe's New Car Sales Rise Only Slightly Last Year Tuesday, 16 Jan 2007 | 6:35 AM ET

    European car sales rose only slightly last year despite economic growth speeding up to the fastest rate since 2000, the manufacturers' association ACEA said Tuesday.

  • China Is Coming -- Is Detroit Too Freaked Out? Friday, 12 Jan 2007 | 11:04 AM ET

    The headline on the Detroit News on Monday was big and bold. So bold, it caught my eye as I walked through the lobby of the hotel where I was staying. "China Is Coming" it read. The message was clear in a city that has watched thousands of jobs and billions of dollars disappear over the last 20 years because of foreign competition. If Michigan automakers thought the growth of Toyota, Honda and Hyundai were scary, they...

  • General Motors, facing stiff competition from Toyota and other foreign rivals,  plans to boost capital spending by as much as $1 billion a year as it attempts to revitalize its product line while drastically cutting costs.

  • Shares of BorgWarner surged after the auto parts maker said it expects earnings growth of greater than 10% in 2007, supported by strength in Europe and Asia and in line with historical rates.

  • The head of Volkswagen's VW brand, Wolfgang Bernhard, is leaving the company at the end of the month, fueling speculation that he may return to DaimlerChrysler and possible replace Chrysler CEO Tom LaSorda, according to CNBC's Phil LeBeau.

  • New Minivans Ready To Wow Passengers? Tuesday, 9 Jan 2007 | 12:25 PM ET
    Ford Airstream

    Carmakers from across the globe have been revealing their latest innovations at the North American International Auto Show in Detroit this week. While soaring energy prices have put some companies to work building hybrids with better fuel economy, others have focused on design to wow potential buyers. CNBC’s Phil LeBeau spoke with Automobile magazine’s Jean Jennings about developing trends in minivans – turning the backseats into a lounge area.

  • CES Meets Detroit: Autonet’s WiFi-On-Wheels Monday, 8 Jan 2007 | 4:42 PM ET

    The latest thing in cars isn’t being flaunted at the 2007 North American International Auto Show in Detroit. It’s in a booth at the Consumer Electronics Show in Las Vegas. Autonet Mobile CEO Sterling Pratz told “Squawk Box” of his company’s business model: creating “an ISP for cars.” Speaking from the Nevada gaming town, Pratz described Autonet’s system that converts autos into wireless broadband – or WiFi -- “hotspots.”

  • Nissan Revving Engines For Larger Market Share Monday, 8 Jan 2007 | 4:40 PM ET
    Nissan

    Toyota has been grabbing headlines and market share. But can rival Nissan grow just as aggressively? On CNBC’s “Closing Bell” Nissan's General Manager for North America--William Bosley--explained his company's plans to "shift" into high gear. In a first on CNBC interview (live from the Detroit Auto Show) Bosley showed CNBC’s Phil LeBeau the car that he's banking on to expand market share.

  • As Detroit's Big Three automakers face tough competition from an increasingly powerful Toyota, executives at the Detroit Auto Show expressed confidence that turnaround and restructuring plans could stem losses and new offerings would lure drivers back in their showrooms.

  • Ford Beware: Toyota’s Press Touts Tundra "DNA" Monday, 8 Jan 2007 | 1:38 PM ET
    2007 Toyota Tundra

    Will the Tundra freeze out America's big three automakers? The Tundra is Toyota Motor’s entry in the pickup segment – and Toyota North America President Jim Press says the giant truck is an original with “guts.” Speaking to CNBC’s Phil LeBeau at the 2007 North American International Auto Show, Press said the Tundra’s engineering was “based on the Toyota DNA.”

  • Rolls Royce Rolls Out Convertible--Got $407K? Monday, 8 Jan 2007 | 12:24 PM ET

    For the famous and fashionable, weekend motor trips are about to become a little more--fabulous. For the first time in 5 years Rolls Royce is making a convertible. At the Detroit auto show--CNBC’s Phil LeBeau spoke to Rolls Royce CEO Ian Robertson on "Morning Call" about the unstoppable demand for this ultra-luxe auto. The Phantom Drophead Coupe convertible is already making heads turn in Detroit--with a sleek stainless steel bonnet...

  • Ford EVP Fields Touts Pickups, Digital Deal Monday, 8 Jan 2007 | 12:15 PM ET

    Forget all things to all men – or so believes Ford Motor’s Executive Vice President Mark Fields - who says “polarizing” brands and products is smarter. Fields, who also holds the post of Ford’s president of The Americas, told CNBC’s Phil LeBeau how the centennial automaker plans to gain dominance in some segments – and maintain it in others.

  • GM's Wagoner Sends "Volts" Through Detroit Monday, 8 Jan 2007 | 9:53 AM ET

    GM appears to be flexing new muscle at the Detroit Auto show. Not only did America’s largest auto company unveil a new muscle car, the Camaro convertible--but as CNBC’s Phil Lebau learned--GM CEO Rick Wagoner says he has clear plans to make his company equally lean and mean. On "Squawk Box" Wagoner told LeBeau he expects to see improved operating results and lower cash outflow in ’07.