DETROIT— Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.» Read More
Investors won’t have to wait much longer to find out where the Fed stands on interest rates. The FOMC announcement comes at 2:15 p.m. New York time (and you can see it live on cnbc.com). It's widely expected that interest rates will hold steady at 5.25% for the fourth consecutive time. More important will be clues the central bank gives about its intentions for next year.
DaimlerChrysler could lay off up to 4,000 workers in its North American truck operations next year due to a downturn in demand, the head of the automaker's truck operations said this morning.
Add Carlos Ghosn to the growing list of auto executives who are not only committed to developing eco-friendly vehicles, but are actually putting major R & D dollars behind the effort. Unfortunately for Nissan, the effort will be costlier, and take more time now that the GM alliance idea is dead.
Our auto-industry reporter predicts China may enter the American market, Ford may seek a merger -- and Toyota will keep racking up sales.
After years of being a forgotten brand, Saturn is slowly entering a new orbit that includes higher sales, more relevant models, and recognition by General Motors that it's youngest brand is loaded with potential. Today the automaker announced it would be adding the Astra compact car to it's line-up in late 2007.
Audi AG, the luxury car maker owned by Volkswagen AG, said Thursday that its global sales rose more than 8 percent in November from a year earlier and predicted it would sell some 900,000 cars by the end of the year.
The latest survey of customer by the J.D. Power shows almost two thirds of Toyota's buyers are return customers. Toyota supplants Lexus as the top brand for customer loyalty. Lexus was second, followed by Honda, BMW and Scion. The top American brand is Cadillac at #6, retaining more than 55% of it's buyers.
It's that time of year again. The lights are up, "It's a Wonderful Life" will make it's regular airing, and one of the big 3 prepares for what could be some painful changes. This year the holiday "cheer" looks to be coming from Chrysler.
Joe Eberhardt, Chrysler's top sales executive, will leave the company to run his own Mercedes-Benz dealership, DaimlerChrysler AG said Tuesday.
Welcome to Behind the Wheel. The place to get the story on the newest models hitting the street, as well as the latest trends and people influencing what we drive and what turns our head in showrooms.
Have you driven a Ford lately? Sure, that was a commercial tag line several years ago, but it's a rhetorical question that bears asking right now. And the answer is not a pretty one for the folks in Dearborn.
Companies and advertisers usually have no shame in imitating an ad that really works--but rarely do you see a company copy itself. But that's exactly what Volkswagen is doing with its new Passat ads--after the success it had with the same idea for Jetta. Will it work?
Shares Car parts chain Autozone jumped to a new record high after it reported fiscal first-quarter profit rose 8% on higher sales and improved gross margins.
Signs of a slowing economy plus some risk of recession has many economists wondering if the Fed will be forces to cut rates soon than later. In our exclusive interview on cnbc.com earlier today-Chicago Fed President Michael Moskow said he thought the focus was on the U.S. housing sector--and to some extent autos as well--and if those slowing sectors will spill into other areas.
Wagoner, Watanabe, Ghosn, Zetsche. They are the last names of four powerful men who have had a profound impact this year not only on their companies, but the auto industry as a whole. As I've reported the stories involving their decisions and their companies, I'm often surprised to hear...
GMAC is beginning a new era as an independent financial services company--after 87 years as a wholly owned subsidiary of General Motors. On Thursday--GM sold its 51% stake in its most profitable GM unit to an investment consortium led by Cerberus Capital in a move that dramatically improved GMAC's credit profile and capital position.
General Motors said its November retail sales were up 11%, while it reduced sales to corporate fleet customers including car rental companies by 7% in the month.
A record number of U.S. corporate bosses have left their jobs this year, in part reflecting the widening stock options backdating scandal, according to data released today.
From cars to furnishings to fragrences, you'll find what's on the lists of luxury shoppers., according to the latest survey of the Luxury Institute.
Toyota Motor sold more vehicles in the U.S. last month than Ford Motor, marking the second time ever that the No. 2 domestic automaker was beaten out by its Japanese rival.