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  • Porsche Files Takeover Offer for VW with German Regulator Thursday, 19 Apr 2007 | 11:39 AM ET

    Porsche said Thursday it had filed its formal takeover offer for Volkswagen with German regulators, a required step after it lifted its stake in the maker of the iconic Beetle.

  • LaSorda/Chrysler Opens Up Thursday, 19 Apr 2007 | 9:29 AM ET
    Chrysler CEO, Tom LaSorda

    Chrysler CEO Tom LaSorda is finally ready to talk. I'd say free to talk, but he's limited with what he can say about negotiations to sell Chrysler, so it's not total freedom. Still LaSorda is done staying completely out of the public eye. His message: Chrysler is not standing still.

  • Chrysler CEO Plans To Grow, Regardless Of Daimler Moves Wednesday, 18 Apr 2007 | 5:45 PM ET

    Chrysler CEO Tom LaSorda spoke with CNBC’s Phil Lebeau in an exclusive "Power Lunch" interview. LaSorda said that his priority is to focus on the recovery and transformation plan that is currently in place. Chrysler has eight new launches this year and 20 over the next three years. “When you’re running a company like this, you have to look to the future and the future’s about product,” said LaSorda...

  • Chrysler Group Chief Executive Tom LaSorda on Wednesday said talks regarding a sale of the automaker were continuing and that "all options" remained open regarding the division's future with German parent Daimler.

  • Leveraging the Home for a Car Tuesday, 17 Apr 2007 | 1:43 PM ET

    When I got the latest list of the fastest selling vehicles from J.D. Power, something jumped out at me. No, not the fact that 9 of 10 fastest selling vehicles is a foreign brand. It's the strength, again, of Lexus. According to J.D. Power, the Lexus LS, ES and GS models all moved off of dealer lots in less than 20 days during the month of March.

  • Volkswagen Group Vehicle Sales up 7.9% in First-Quarter Tuesday, 17 Apr 2007 | 11:17 AM ET

    Volkswagen's group vehicle sales in the first quarter rose by 7.9% to a record 1.47 million units, thanks in part to sharp gains in China and Brazil, Europe's biggest carmaker said on Tuesday.

  • Cerberus Group's Plan to Buy Delphi Hits Hurdle: WSJ Tuesday, 17 Apr 2007 | 2:33 AM ET

    An investor group's plans to buy bankrupt auto parts maker Delphi has hit a snag, with the union not agreeing to cut future wages and benefits for new hires, the Wall Street Journal reported on its Web site on Tuesday.

  • Lexus Flexes its Muscle Monday, 16 Apr 2007 | 11:21 AM ET
    2008 Lexus LS600H

    When I got the latest list of the fastest selling vehicles from J.D. Power, something jumped out at me. No, not the fact that 9 of 10 fastest selling vehicles is a foreign brand. It's the strength, again, of Lexus. According to J.D. Power, the Lexus LS, ES and GS models all moved off of dealer lots in less than 20 days during the month of March.

  • Tracinda's Bid for Chrysler Is Doubtful: FT Monday, 16 Apr 2007 | 10:39 AM ET

    Tracinda's offer to buy the Chrysler unit of DaimlerChrysler could collapse unless the investment vehicle controlled by billionaire Kirk Kerkorian can find a way to enter into negotiations with the German parent of the U.S. automaker, the Financial Times reports.

  • European Stocks to Watch: ABN Amro Monday, 16 Apr 2007 | 8:47 AM ET

    The European banking sector saw momentum on the back of the potential takeover of Dutch bank ABN Amro. A consortium of Royal Bank of Scotland, Santander and Fortis could potentially outbid the current bid from British bank Barclays.

  • Tight Gasoline Supplies Expected This Summer Friday, 13 Apr 2007 | 10:39 AM ET

    Phil Flynn, a representative of Alaron Trading, told CNBC’s “Squawk Box” that refinery outages and strong demand will create tight gasoline supplies this summer.“This is the worst I have ever seen it at this time of year,” Flynn said Friday. “Our supply vs. demand has never been this tight before. It’s going to be a very dangerous summer and real bad luck for the consumers.”

  • Leasing is Up; Buyers Checking Re-sale value Friday, 13 Apr 2007 | 9:35 AM ET

    Two pieces of news this week make it clear that the people in the market for a new car or truck have some opportunities to make their choice of leasing or buying more interesting. First, leasing is coming back. The latest data shows the percent of domestic cars and trucks being leased continues edging higher. It was up to 17.3% in the fourth quarter of last year. The highest point since leasing rates bottomed out at 10% in 2003. But still well below the high of 23% for leasing rates back in 1999. Leasing's comeback is due to a couple of changes in the industry.

  • DaimlerChrysler to See Bidders, But Not Kerkorian - WSJ Wednesday, 11 Apr 2007 | 1:18 PM ET

    A top DaimlerChrysler executive is scheduled to meet in New York this week with bidders for the German auto maker's Chrysler unit but it appears that billionaire Kirk Kerkorian's Tracinda isn't among those on the invitation list, The Wall Street Journal reported.

  • Round 2: Where's Tracinda? Wednesday, 11 Apr 2007 | 10:40 AM ET

    Today in New York, the man leading the Chrysler auction is beginning meetings with those firms pursuing the American automaker. Two private equity companies, Blackstone Group and Cerberus Capital, as well as Canadian auto parts maker Magna corp. will all meet with Daimler executives to discuss round two of the Chrysler auction.

  • Ford Recalls Over Half Million Ford Escape SUVs Tuesday, 10 Apr 2007 | 9:00 PM ET

    Ford Motor said Tuesday it was recalling more than 500,000 Ford Escape sport utility vehicles after receiving reports of engine fires linked to corrosion on antilock brake connectors.

  • The head of the Canadian Auto Workers says he will try to thwart billionaire investor Kirk Kerkorian's bid for Chrysler, fearing Kerkorian will cost thousands of workers their jobs.

  • GM's Rear Wheel lock-up Tuesday, 10 Apr 2007 | 10:13 AM ET

    Talk about a catch 22. After making a big push to jump start production of rear-wheel drive vehicles, General Motors , according to the Chicago Tribune, is putting the brakes on developing more of those cars beyond what's already in the pipeline. Why?

  • European Stocks to Watch: Puma Tuesday, 10 Apr 2007 | 9:27 AM ET

    Shares in German sportswear maker Puma rose after French luxury-to-retail giant PPR (up 2.61%) made a 5.3 billion euro ($7.1 billion) takeover bid for the company.

  • Volvo Says China Truck Sales to Grow 30% in 2007 Tuesday, 10 Apr 2007 | 3:11 AM ET

    Sweden's Volvo AB is targeting 30% growth in truck sales in China in 2007, a senior company executive said on Tuesday.

  • Criminal entrepreneurs are eschewing hubcaps and hood ornaments for the precious metals contained in cars' catalytic converters.