DETROIT, Aug 27- General Motors Co will shift production of its Cadillac SRX crossover vehicle from Mexico to its plant in Spring Hill, Tennessee, where the company once built vehicles for its defunct Saturn brand, the company and the United Auto Workers union said on Wednesday.» Read More
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.
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.
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.
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.
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.”
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.
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.”
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...
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 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.
The Chery-DaimlerChrysler alliance and Changfeng's "Cheetah" brand are only two of the big China stories at the 2007 North American International Auto Show.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
‘The downbeat market sentiment continues to misrepresent a true, brighter economic picture...’, the words of Ken Fisher our guest host this morning.
Workers at Volkswagen's Belgian plant returned to work Monday after a seven-week strike to protest the decision to lay off almost 3,000 of the carmaker's employees.
In a few days, a slew of new models will be unveiled at the Detroit Auto Show. Some will blow us away. Some will make us yawn and say, "are you kidding me?" But one in particular will take your breath away. It's the new Rolls Royce Drophead Coupe. Stunning. Impressive. Yowza. I'd use those adjectives to describe the Drophead convertible I rode in and examined while visiting the Rolls Royce Motors headquarters in Goodwood, England.