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Transportation: Leisure

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  • Stimulus Scorecard

    There has been quite a bit of newsprint, bandwidth and hot air invested in whether the Obama Administration might push for a second stimulus package. But when you look at the current stimulus package, it's a bit of a head scratcher, considering so little of it has been spent.

  • At 60 M.P.H., Office Work Is High Risk Thursday, 1 Oct 2009 | 1:12 PM ET
    Driving while using a cellular phone.

    Tens of thousands of Americans have turned their cars, vans and trucks into mobile offices, wired with phones and computers to stay in close touch with bosses and customers. Many don't realize the danger, the New York Times reports.

  • GM to Shut Down Saturn After Penske Walks Away Wednesday, 30 Sep 2009 | 5:58 PM ET
    Saturn Aura

    General Motors says it's shutting down the Saturn brand after an agreement with Penske Automotive Group to acquire the unit fell apart.

  • Nearly 6,000 Deaths from Driver Distraction: Report Wednesday, 30 Sep 2009 | 9:54 AM ET
    Driving while using a cellular phone.

    Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel.

  • Canadian Circus Billionaire Blasts into Space Wednesday, 30 Sep 2009 | 4:19 AM ET
    Circus billionaire

    Canadian circus billionaire Guy Laliberte blasted off in a Russian Soyuz spaceship from Kazakhstan on Wednesday to become the world's seventh space tourist.

  • General Motors Adding Shifts at 3 Plants Tuesday, 22 Sep 2009 | 2:18 PM ET
    Chevy Malibu 2008

    General Motors will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year.

  • Carmax Profit Soars on Sales, Auto Financing Business Tuesday, 22 Sep 2009 | 9:52 AM ET

    Car dealership chain CarMax said Tuesday its fiscal second quarter profit surged on higher sales and a one-time gain related to its auto financing business.

  • Transports Not Better, 'Just Less Worse': Analyst Thursday, 17 Sep 2009 | 10:53 AM ET

    The transport sector saw an increase of 60 percent over the last six months, a greater percentage increase than the S&P 500, but Lee Klaskow, a transportation analyst at Longbow Research, said the fundamentals of the industry are not getting better, just "less worse."

  • Oil Reversal Knocks Stocks Friday, 11 Sep 2009 | 5:37 PM ET

    Both the Dow and S&P 500 closed in negative territory on Friday, ending their five-day winning streak after the declining price of oil dragged down energy shares.

  • What Investors Should Watch Next Week: Strategists Friday, 11 Sep 2009 | 11:50 AM ET

    Alan Valdes, vice president of Hillard Lyons and Peter Andersen, portfolio manager at Congress Asset Management Company shared their insights on where to invest in a low volume environment and what investors should be watching for next week.

  • Taxpayers May Face Losses from Auto Bailout: Warren Wednesday, 9 Sep 2009 | 12:05 PM ET

    Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].

  • Auto Task Force Moves Questioned by Oversight Panel Wednesday, 9 Sep 2009 | 12:06 AM ET
    Empty GM Dealership

    A Congressional Oversight Panel report on the use of TARP funds to restructure the auto industry questions some of the decisions President Obamas Auto Task Force made with regard to GM and Chrysler.

  • Investors Should Think Trucking, Energy: Analysts Friday, 4 Sep 2009 | 3:05 PM ET

    Looking ahead to next week after the three day weekend, one transportation stock is something investors should consider, said Art Hogan, managing director at Jeffries. "Navastar is a pure play on North American transportation," Hogan said.

  • 'Clunkers' Put Cars on Road to Recovery: AutoNation CEO Wednesday, 2 Sep 2009 | 11:23 AM ET

    Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.

  • Toyota Revs Up Production in U.S. Tuesday, 1 Sep 2009 | 8:29 PM ET
    A Tacoma pickup truck on the lot of a Toyota dealership.

    Toyota Motor plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.

  • Ford Sees Industry's Sales Hopping in August Friday, 28 Aug 2009 | 4:03 PM ET
    Ford F Series

    A top Ford executive expects industry-wide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.

  • Somali Pirates Open Fire on US Navy Helicopter Thursday, 27 Aug 2009 | 2:49 PM ET
    USS Chancellorsville

    Somali pirates holding a hijacked ship off the coast of Somalia fired at a U.S. Navy helicopter as it made a surveillance flight over the vessel, the first such attack by pirates on an American military aircraft, the Navy said Thursday.

  • 'Cash for Clunkers' Final Sales Tally: 700,000 New Cars Wednesday, 26 Aug 2009 | 4:59 PM ET
    Auto scrap yard

    The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.

  • Final Weekend of 'Clunkers' Draws Big Crowds Sunday, 23 Aug 2009 | 5:52 PM ET

    From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program.

  • AutoNation Stops Offering 'Cash for Clunkers' Early Saturday, 22 Aug 2009 | 4:29 PM ET

    AutoNation, the nation's largest auto dealership chain, said Saturday it hit the brakes on the popular Cash for Clunkers program three days early because it wants to make sure it can submit the paperwork on thousands of sales to the government before a Monday evening deadline.

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