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Automobiles and Components

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  • 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.

  • UAW On The Spot Monday, 9 Apr 2007 | 11:47 AM ET

    These are interesting times for Ron Gettlefinger and the United Auto Workers. What at first blush appears to be a golden opportunity for the union, is a double edged sword. Last Thursday, Kirk Kerkorian's Tracinda Corp made a public bid to buy Chrysler that includes an offer to have the UAW take an equity stake in the company. Once the word got out, people in the industry at the New York Auto Show started speculating the UAW will jump at the chance to own part of the big 3.

  • Isuzu Buys Land for U.S. Truck Plant in Alabama Monday, 9 Apr 2007 | 5:52 AM ET

    Japan's Isuzu Motors said on Monday it has bought land for a U.S. truck plant in Alabama, pushing ahead with plans to reestablish a production base in the world's biggest vehicle market.

  • Video Roundup: Driving Strategy Sunday, 8 Apr 2007 | 9:53 AM ET
    The new Ford Flex is displayed at the New York International Auto Show in New York, Wednesday, April 4, 2007.  The show opens to the public on April 6, 2007.  (AP Photo/Seth Wenig)

    There’s a lot on the line for General Motors, Ford and DaimlerChrysler at the New York International Auto Show.  CNBC’s Phil LeBeau talks to some of the automakers’ top executives top about meeting consumers needs for style, versatility and affordability.

  • Kerkorian's bid, about one-fifth of what he offered in 1995, reflects the falling fortunes of Chrysler Group, which lost $1.5 billion last year and has announced 13,000 job cuts in North America and reduced production.

  • Cramer Revved Up by Spartan Motor Thursday, 5 Apr 2007 | 9:37 PM ET

    Even though he’s a legend on Wall Street, known for his stock-picking prowess and overall trading genius, Cramer isn’t afraid to take an idea from a student. And few people are as deserving of such praise as Indiana University’s Dan Jacome. Here’s why.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • The World's Biggest Automaker Thinks Small Thursday, 5 Apr 2007 | 4:20 PM ET
    The new Chevrolet concept car called "Trax" is displayed at the New York International Auto Show in New York, Wednesday, April 4, 2007. The show opens to the public on April 6, 2007.  (AP Photo/Seth Wenig)

    General Motors is showing off three Chevrolet minicar concept vehicles at the New York International Auto Show, which runs through April 15. But don’t run to your local dealership just yet. It’s likely the cars are still four to five years away, which makes all the buzz around them key to the automaker's development strategy, analysts say.

  • Ford Motor, which posted a loss of $12.7 billion last year, said Chief Executive Alan Mulally received $28.18 million compensation in 2006, including an $18.5 million bonus.

  • U.S. Automakers Report Lower March Sales; Toyota Gains Thursday, 5 Apr 2007 | 1:28 PM ET

    General Motors, Ford and DaimlerChrysler reported declines in March U.S. sales, fulfilling analysts' expectations that the Big Three U.S. automakers would all see a drop from the same month last year. Meanwhile, sales at Toyota rose, though less than expected.

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    Tom Libby, an auto analyst for J.D. Power and Associates, told CNBC’s “Squawk Box” that Jeep may be diluting its image with too many “cross-over”models, or SUVs based on cars.“I think long-term there is an issue about whether they’re helping or hurting the brand,” Libby said Thursday. “These new products are car-based. Frankly, the Compass does not look a ‘Jeepish’ – it does not have the masculine, assertive, aggressive look of traditional Jeeps. Long-term, I think there’s the possibility they’ll dilute the image of being a tough, off-road SUV.”

  • General Motors today unveiled a mini-car prototype, while Ford discussed a plug-in hybrid vehicle it is developing at the New York Auto Show.

  • Speaking on the sidelines of the New York International Auto Show, Troy Clarke said the company is scaling back production on some cars and mid-size sport utility vehicles to cope with softer demand. GM had anticipated an uptick in second-quarter retail demand.

  • For Sale: "Broken" Chrysler; Blackstone, Cerberus May Bid Wednesday, 4 Apr 2007 | 12:08 PM ET
    TraderNYSE44.jpg

    It’s official: DaimlerChrysler confirms that its Chrysler division is up for sale. The announcement was made today by Chairman Dieter Zetsche at his company’s shareholder meeting in Berlin. Although he did not name potential buyers, private-equity firms Blackstone and Cerberus, and Canadian car group Magna International have reportedly made formal bids on Chrysler. Brad Rubin, auto trading sector specialist at BNP Paribas, and Michelle Krebs, senior editor at Edmunds’ Auto Observer.com appeared on "Morning Call" to debate whether a sale to private equity would be the best thing for Chrysler’s future.

  • Moneymaker Tops Trading With The Stars! Wednesday, 4 Apr 2007 | 10:20 AM ET
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    Wow-there were a lot of big gains Tuesday, and many of our celebs came from behind to move up the ranks. Chris Moneymaker stepped it up taking the lead with an all-in buy of Gigamedia  Monday, netting him over $47,000, Tuesday (and for being first, Chris gets his picture posted). And Ernie Hudson moved from 8th to 6th, AND Johnny Bench moves up two spots from 9th to 7th. At last (and no longer close to last) Johnny's making his move!! Here are the standings:

  • General Motors, Ford and DaimlerChrysler reported declines in March U.S. sales, fulfilling analysts' expectations that the Big Three U.S. automakers would all see a drop from the same month last year. Meanwhile, sales at Toyota rose, though less than expected.