AutoNation CEO Mike Jackson joined the CNBC 'Squawk Box' crew to discuss the effects higher gasoline prices are having on the automotive industry and consumers. Americans, he said, have finally reached the "tipping point" at four dollars a gallon.
Ford Motor plans to cut its U.S. salaried work force by up to 12 percent after its turnaround plan stalled because of the downturn in the U.S. economy, the Detroit News reported Wednesday.
Emerging markets need petroleum to fuel their progress. But with crude surging to new highs how much longer can they withstand oil’s super-spike?
The golden age of the railroad is back, says Gary Kaminsky. The Neuberger Berman managing director says "the rail story" is a key to America's economy now -- and he told CNBC which rail stocks his firm holds.
United Auto Workers officials Sunday urged American Axle & Manufacturing Holdings workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.
A top aide to billionaire investor Kirk Kerkorian says Ford Motor should sell its Volvo and Mercury brands.
Major automakers reported lower April sales across the board as record-setting gas prices stemmed vehicle purchases, with truck sales seeing especially steep falls.
The parent of United Airlines, which held unsuccessful merger talks with Continental Airlines, said on Sunday it would pursue all options to ensure a sustainable future.