NEW YORK— Hyundai is recalling about 263,000 cars in the U.S. and Canada because a sensor problem could cause drivers to lose power-assisted steering. The affected cars include model years 2008 to 2010 of Elantras made between June 1, 2008 and April 30, 2010 and Elantra Touring vehicles made between Nov. 1, 2008 and April 30. The recall includes nearly 205,000...» Read More
As long as I've been writing this blog I have received my fair share of insults ("Moron" is, by far, still my favorite) and complaints ("Phil, you just hate the big 3"). But more than anything else, the number one comment I hear from people is that Toyota has duped me and America into believing it's cars and trucks are better than others. These comments typically end with a variation of the line, "I hope you are happy driving your Lexus."
General Motors is making progress in its turnaround effort, the automaker's chief executive said at its annual meeting, where all 10 shareholder proposals were rejected.
Honda will discontinue the hybrid version of its Accord sedans, the company said Tuesday, conceding Toyota's dominance with the hit Prius hybrid.
It's hard to say any one month is a "coming of age" for a new or redesigned vehicle, but May could be the watershed month Toyota has been waiting for in it's push to grab more market share in pick-up trucks. Last month, Tundra sales increased 112%. You read that right, 112%. Which means Toyota more than doubled sales of it's star truck year over year. More importantly, Tundra sales eclipsed the pace the company needs to hit if it will be successful..
If I were to write a job description for the Breaking News desk producer, it would have to include this phrase: “Must love numbers.” ... One number had immediate impact: Toyota’s total U.S. sales number for May. Toyota sold 269,023 cars and trucks during the month, a 9.7% increase. But there was a story beyond that...
Toyota Motor said U.S. auto sales rose 9.7% last month, pushing its sales above both Ford Motor and Chrysler. Ford sales fell in May, while GM and Chrysler sales rose.
Malaysia will decide on a partner for its loss-making national carmaker Proton Holdings within the next three months after talks with Germany's Volkswagen fell through, a government minister said on Friday.
If you're among those who think the Detroit "Big Three" are a lost cause that, despite improving quality and efficiency, are simply in a long, slow slide that shows no sign of ending, listen up. The latest study on the efficiency from Harbour Consulting shows the Big Three are closing the gap with Asian competitors. Want more?
World number two truck maker Volvo is selling its 28.7% stake in U.S. truck stop chain Petro Stopping Centers, yielding a capital gain of $46.3 million.
A Ford Motor official predicts that his company's overall U.S. sales will drop in May, but its retail sales to individual buyers will show a year-over-year monthly increase for the first time since October of 2006.
Ford Motor said it has not entered talks with anyone to sell Volvo, despite reports that BMW was interested in a possible purchase of the Swedish automaker.
U.S. crude oil prices slid as much as 4% Tuesday; and gasoline followed suit. Is the bull market winding down? Stephen Schork, editor of The Schork Report, and Eric Bolling, independent oil trader and CNBC contributor, told "Street Signs" viewers that it "could be the beginning of the end" -- but they don't recommend getting out of the market just yet.
Shares in BMW rose 1.7% on speculation it could buy Swedish automaker Volvo from Ford Motor, according to reports on Swedish magazine Gotenborgs Posten’s Web site citing undisclosed sources.
Here's one to get the auto world buzzing. There are reports out of Europe that Ford is considering selling its Volvo brand to BMW. This could be an intriguing deal for both companies. But would it make sense? I'm not so sure.From Ford's perspective, Volvo is the best selling and most valuable brand in Ford's Premier Auto Group (Jaguar and Land Rover are the other brands) and has long been considered the asset "most likely to be sold." In fact, the Ford board has reportedly kicked around the idea of selling Volvo for some time.
Loss-making Ford is planning to sell Swedish car maker Volvo and German carmaker BMW could be a possible buyer, a Swedish newspaper said on Monday.
Wow! Who says people don't get fired up over their cars?Friday morning, my blog was about a Detroit News report that GM is pulling back the Pontiac brand and assessing whether to eliminate some its models in hopes of better defining the brand. Since then, the Pontiac fans have made their presence known and are blasting me as being, among other names, "a moron."
Here's one of our last looks at the contest stocks. The most active and widely held remained pretty much the same throughout the contest and the finals--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Most best and worst performers were affected by earnings and M&A's over the weeks as well. Here you go:
Shares of the German engineering group Siemens fell as a corruption probe from the U.S. Securities and Exchange Commission is expected to result in a substantial fine, Chairman Gerhard Cromme told German newspaper Sueddeutsche Zeitung.
General Motors said that U.S. government officials have requested documents relating to its accounting of derivatives and said its exposure to bankrupt auto parts maker Delphi was probably $7 billion.
It's the way NASCAR began: dirt roads, fast cars and illegal booze.Running moonshine, 'corn liquor,' to outrun the law was the training ground for most of the early NASCAR drivers: the Richard Petty's, the Junior Johnson's.Now it's all come full circle. Junior Johnson is helping sell legal moonshine.