Long associated with glitz, bravado and lavish spending, Formula One has also delivered a boost to revenues and dictated consumer tastes, according to the cars' manufacturers.» Read More
The Chery-DaimlerChrysler alliance and Changfeng's "Cheetah" brand are only two of the big China stories at the 2007 North American International Auto Show.
Cult cars emerge regardless of marketing efforts and BMW's MINI is on the verge of joining the Ford Mustang and a select group of other autos that captured the imagination of car lovers.
Stocks closed higher after another volatile day as gains in technology stocks and a huge drop in oil prices boosted the major averages.
DaimlerChrysler's Chrysler Group should have a restructuring plan ready by February as it aims to recover from a loss expected to be near $1.3 billion for 2006, the automaker said.
Toyota Motor said it is considering expanding its manufacturing capacity in North America and is reviewing locations.
DaimlerChrysler's December U.S. auto sales rose 2.9%, while General Motors' sales fell 9.6% and Ford Motor's sales declined 9.4% for the same period, CNBC's Phil LeBeau reported. Toyota garnered a 16.6% sales increase.
December is proving to be another disappointing month for the big three U.S. automakers. Today's sales report for last month showed a double-digit decline in trucks sold by General Motors, and Ford dropped almost 13% on the whole. Chrysler eked out half a percent gain. On today's "Closing Bell," CNBC’s Dylan Ratigan sifted through the data to find out what it all means going forward.
As I'm reading the December auto sales numbers, it's clear 2006 will be remembered as a bleak one for the big 3. The healthiest of the trio, GM, is still not cash flow positive. And even though the company is in better shape today than a year ago, the fact remains, it's still in a turnaround. Look at their numbers for the final month of the year.
FRANKFURT (Reuters) - DaimlerChrysler will recover about 168 million euros ($221.5 million) from insurers in settling a dispute over the costs of a U.S. class-action lawsuit in 2003, a German newspaper reported on Tuesday.
Chrysler and Chery Automobile have agreed on a plan for the Chinese manufacturer to build small cars to be sold worldwide.
While the big 3 continue to struggle with costly (both in dollars and human terms) plant closings, the Japanese auto plants are surging. And the reason for this is America's growing appetite for fuel efficient vehicles. Which reinforces the hangover GM, Ford and Chrysler are feeling from years of focusing on SUV's and pick-up trucks. The latest number from the Japanese Automobile Manufacturers Association shows...
It's that time of year again. The lights are up, "It's a Wonderful Life" will make it's regular airing, and one of the big 3 prepares for what could be some painful changes. This year the holiday "cheer" looks to be coming from Chrysler.
Wagoner, Watanabe, Ghosn, Zetsche. They are the last names of four powerful men who have had a profound impact this year not only on their companies, but the auto industry as a whole. As I've reported the stories involving their decisions and their companies, I'm often surprised to hear...
Toyota Motor sold more vehicles in the U.S. last month than Ford Motor, marking the second time ever that the No. 2 domestic automaker was beaten out by its Japanese rival.
DaimlerChrysler reported that U.S. auto sales rose 4.7% in November compared with the same period a year ago amid a strong showing by its Mercedes-Benz luxury brand.