*Takata says confident new air bags are safe. DETROIT, May 26- Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.» Read More
It's strange to think an entry level car is an important model for a luxury car company, but the new C-class is just that for Mercedes Benz. When Mercedes unveiled the C-Class Thursday afternoon, the company touted better performance, more refinement, and a more aggressive look ... In other big automotive news Toyota is recalling more than 500,000 Tundra pick-ups and Sequoia SUV's due to steering problems that cause the vehicles to not stay in their lane.
German industrial conglomerate ThyssenKrupp said Friday that sales and orders in its fiscal first quarter rose 12% each and pretax profit more than doubled.
Toyota is recalling 533,000 Tundra pickup trucks and Sequoia sport utility vehicles in the U.S. because of potential steering problems.
The combination of higher gas prices and a slew of sharp, new pint sized cars helped drive American car buyers to make almost 1 out of every 3 cars bought last year a compact car. The question is whether that surge in sales will continue in '07 - especially if gas prices continue to fall.
Oil seems to be the story of the day--or week. The price appears to be bouncing a little bit, after dropping to a 20-month low earlier, at $50.28 a barrel. (We haven’t seen that level since May 25, 2005.) Many investors now wonder if it will fall below the psychologically important $50 per barrel mark. Where’s the fast money in this volatile environment? We asked "Fast Money’s" Jeff Macke who is also a retail analyst.
The headlines crossed the wires hours apart, from different parts of the world, and but will do little to excite investors about auto stocks. A Toyota executive on Tuesday said the automaker would be open to forming an alliance with Ford to work on specific projects-such as sharing technology. Then last night, in a speech in Dearborn, Michigan, GM CEO Rick Wagoner said the world's largest automaker is open to pursuing a alliances with other automakers based on project cooperation. My reaction? ...
Toyota Motor is open to a broader partnership with Ford Motor if the struggling U.S. auto maker asks, the Nikkei business daily reported on Wednesday, citing an interview with its president.
General Motors Chief Executive Rick Wagoner on Tuesday said a deal with bankrupt former subsidiary Delphi and its union to cut wages and benefits was possible in the "near term."
Talk of a merger between XM Satellite Radio and Sirius Satellite Radio has been churning for months now. 2006 was far from a stellar year for either satellite network, although both stocks are up 20% YTD – mostly on continued rumors of a merger. But is a merger between the two rivals in the cards? David Bank of RBC Capital Markets joined the “Squawk on the Street” team at the NYSE to talk about it.
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.