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Automobiles and Components

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  • Why Not Tracinda? Wednesday, 28 Feb 2007 | 3:14 PM ET
    Dieter Zetsche, DaimlerChrysler CEO

    Two weeks after DaimlerChrysler CEO Dieter Zetsche said all options are on the table for a possible sale of the Chrysler Group, speculation about potential buyers is increasingly focused on private equity investors. Sources tell CNBC the two private equity firms showing the most interest so far are Blackstone and Cerberus Capital.

  • Audi Says 2006 Profit Soared 63% on Record Sales Wednesday, 28 Feb 2007 | 11:10 AM ET

    Luxury car maker Audi  said Wednesday its net profit rose 63% in 2006, lifted by record sales.

  • Retail Auto Sales-Troubling Trends for Big 3 Wednesday, 28 Feb 2007 | 10:39 AM ET

    As we wait for the February auto sales and word of whether or not foreign automakers will pass 50% market share in the U.S. for the first time ever, there's another number to watch. It's retail auto sales.

  • Toyota Expands While Big Three Pay More Tuesday, 27 Feb 2007 | 10:25 AM ET
    toyota_service.jpg

    Ever since I've started this blog, I've heard from a number of readers who think I'm biased in favor of Toyota. Well, if you are one of those people, you are not going to like today's post. Later today, Toyota will announce plans to build it's 8th North American final assembly plant. It will be located just outside Tupelo, Mississippi and should open in early 2010.

  • Report: FAW Group Eyes Stake in Chrysler Tuesday, 27 Feb 2007 | 4:46 AM ET

    Chinese automaker FAW Group refused comment Tuesday on a report it is considering bidding for a stake in DaimlerChrysler AG's ailing Chrysler Group.

  • Chrysler Sale Options Monday, 26 Feb 2007 | 10:21 AM ET

    As DaimlerChrysler begins to move forward with the possible sale of it's Chrysler division , two things are clear. First, there are a number of options for selling off the American automaker. Second, the leaks out of Europe continue to push GM as the most likely buyer.

  • Your Car's Mileage Estimates/New Interest In Chrysler Friday, 23 Feb 2007 | 12:50 PM ET

    If you are in the market for a new car or truck, your may have been wondering why the sticker's on the windows show MPG estimates that are not overwhelming. In fact, they are lower than the previous estimates. It's the change brought on by the EPA's new system for estimating mileage...

  • DaimlerChrysler plans to offer detailed financial information about its Chrysler Group selectively, the Wall Street Journal reports. Separately, the Financial Times says the German automaker has approached four private equity firms about buying Chrysler. 

  • Chrysler CEO Tom LaSorda sent an e-mail to Chrysler employees attempting to counteract   speculation on a possible sale of the auto maker and ease fears about the automaker's future, according to CNBC's Phil LeBeau.

  • LaSorda Reassures Chrysler Troops Thursday, 22 Feb 2007 | 8:44 AM ET

    One week of rumors, speculation, and angst was long enough for Chrysler CEO Tom LaSorda. He finally said something to his workers Wednesday night. In an e-mail obtained by CNBC, LaSorda essentially told Chrysler 82,000 employees to don't let the sale talk distract them from turning around Chrysler.

  • TomTom Says Fourth-Quarter Profit Rose 67% Thursday, 22 Feb 2007 | 6:16 AM ET

    TomTom, the Dutch maker of satellite-based navigation systems for cars, reported sharp increases in fourth-quarter sales and earnings Thursday.

  • Nissan, 44% owned by Renault of France, is always open to new partnerships, but right now its own financial woes are keeping it occupied, the company said. Meanwhile, the UAW has "no opinion" on a possible GM-led takeover.

  • Renault Passing on Chrysler/Your Comments Wednesday, 21 Feb 2007 | 9:31 AM ET

    This morning Renault/Nissan said it is not interested in buying Chrysler. While the French/Japanese automaker alliance has been looking for a third partner in North America, and was trying to work out a deal with General Motors, the company says now is not the time for a deal. Not surprising given the financial problems that have hit Carlos Ghosn's company.

  • Nissan Offers Buyouts at Two Tennessee Plants Tuesday, 20 Feb 2007 | 12:15 PM ET

    Nissan North America said it will offer hourly production and maintenance workers at two plants in Tennessee buyouts that include a $45,000 lump sum payment.

  • The Chrysler Auction Tuesday, 20 Feb 2007 | 10:01 AM ET

    Now the fun starts. Following last Wednesday's announcement from DaimlerChrysler CEO Deiter Zetsche that he's open to all options for the Chrysler division-including a possible sale- the rumors, scenarios, and yes a few factual reports started coming out all over the world.

  • Volkswagen 2006 Profit More Than Doubles Tuesday, 20 Feb 2007 | 9:26 AM ET

    Volkswagen, Europe's biggest car maker, said Tuesday that its 2006 net profit more than doubled on strong sales but its operating profit was halved by costly restructuring efforts that have seen thousands of jobs eliminated.

  • Swedish truck maker Volvo said it would take over Nissan Diesel Motor for $1.1 billion, seeking further growth in Asia and to capitalize on the Japanese truck maker's expertise.

  • Daimler Shares Hit 5-Year High On Chrysler Deal Talk Monday, 19 Feb 2007 | 6:07 PM ET
    lebeau_p_bio_100_2006.jpg

    Over the weekend reports have circulated that many companies are eyeing Chrysler and hat suitors could include South Korea's Hyundai Motor and General Motors on the division.

  • With DaimlerChrysler moving ahead on its plans to sell or spin off the Chrysler Group, there are a number of interested parties who are reported to be at least kicking the tires on a potential deal.

  • Hyundai Denies Report of Chrysler Deal Monday, 19 Feb 2007 | 2:11 AM ET

    Hyundai Motor., the world's sixth-largest automaker, on Monday denied a British newspaper report that it is interested in acquiring Chrysler, the U.S. unit of German automaker DaimlerChrysler.