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  • Automakers Expected to Post Big Sales Drop for May Friday, 30 May 2008 | 4:42 PM ET
    Woman looks at new Toyota Camry on dealer lot

    Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.

  • Kerkorian's Ford Tender Offer on Track Despite Slump Friday, 30 May 2008 | 11:10 AM ET
    Ford

    Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent.

  • GM Says 19,000 U.S. Factory Workers Take Buyouts Thursday, 29 May 2008 | 2:42 PM ET
    General Motors

    General Motors said about 19,000 U.S. factory workers—just more than a quarter of its American blue-collar work force—had taken buyouts to leave the automaker.

  • $4 Gas Has Consumers at 'Tipping Point': AutoNation CEO Thursday, 29 May 2008 | 11:24 AM ET

    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 to Cut Up to 12% of Salaried Jobs Wednesday, 28 May 2008 | 8:57 AM ET

    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.

  • American Airlines Details First Round of Flight Cuts Tuesday, 27 May 2008 | 6:40 PM ET
    American Airlines aircrafts.

    Route cuts at American Airlines will start with discontinuing some long-haul service, including Chicago flights to Honolulu and Buenos Aires, the carrier said on Tuesday.

  • Ain't No Stopping The Globe Thursday, 22 May 2008 | 6:14 PM ET

    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?

  • Ford No Longer Sees 2009 Profit, Cuts Production Thursday, 22 May 2008 | 4:36 PM ET

    Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.

  • Rail Stocks: Ride Oil Prices & Coal Fever Tuesday, 20 May 2008 | 3:16 PM ET

    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.

  • Limited Airline Options For Travelers Monday, 19 May 2008 | 9:16 AM ET

    U.S. Olympic fans looking to fly to Beijing  for the summer games will find a limited choice of options originating from the US, but they'll find a spanking new airport terminal and light rail line.

  • UAW Urges Adoption of Axle Deal to Angry Workers Monday, 19 May 2008 | 4:06 AM ET

    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.

  • FedEx's reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small US trucking companies.

  • Kerkorian Aide Says Ford Should Sell Volvo, Mercury Friday, 2 May 2008 | 7:51 AM ET

    A top aide to billionaire investor Kirk Kerkorian says Ford Motor should sell its Volvo and Mercury brands.

  • Auto Sales Dragged Down as Trucks, SUVs Plunge Thursday, 1 May 2008 | 3:27 PM ET

    Major automakers reported lower April sales across the board as record-setting gas prices stemmed vehicle purchases, with truck sales seeing especially steep falls.

  • Volvo's 2020 Vision: The Injury-Proof Car Thursday, 1 May 2008 | 6:06 AM ET

    The destruction of the orange sedan with its slapdash paintwork may have been intentional but it was far from wanton.

  • Continental Airlines Scraps Talks with United Monday, 28 Apr 2008 | 10:50 AM ET
    Continental Airlines planes at Houston Intercontinental Airport.

    Continental Airlines has called off talks with United Airlines because of the other carrier's weak financial condition, and "the increasing cost of oil increases the risk of doing an airline merger," a source briefed on that matter said Sunday.

  • Ford Shares Soar After Kerkorian Boosts Stake Monday, 28 Apr 2008 | 10:00 AM ET
    Ford

    Billionaire investor Kirk Kerkorian has taken aim at the No. 2 U.S. automaker, acquiring what could become a 5.6 percent stake in Ford Motor.

  • UAL Will Pursue All Options to Ensure Future Sunday, 27 Apr 2008 | 9:56 PM ET

    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.

  • American Airlines in Talks with Continental, US Air Saturday, 26 Apr 2008 | 2:53 PM ET
    American Airlines aircrafts.

    American Airlines has had early-stage merger talks with US Airways and is in advanced talks for an alliance with Continental Airlines, sources briefed on the situation said.

  • The Apple of Wind Power? Thursday, 24 Apr 2008 | 6:49 PM ET

    This U.S. sector leader might be on the verge of its own iPod moment.