GM was hit with a lawsuit from customers who said their vehicles lost value because of ignition problems that prompted a recall of 1.6 million cars.» Read More
Give the guys at the blue oval credit. Their new model and new technology push is getting the attention of younger buyers. I'm not ready to say Ford's line-up is packed with models the youngsters want, but there's definitely momentum building.
With all the attention focused on building gas electric hybrids, new forms of ethanol, and hydrogen fuel cells, the most interesting race in the auto industry is the development of electric powered cars and trucks.
"Go ahead, lift it's skirt, so to speak." "Okay, here we go." That's me talking to Bob Boniface, the Director of the Volt Eflex Design Studio at General Motors. He's doing the lifting. "That's it, that's all I can show you. But the future of General Motors rest right there."
Stocks went into another free-fall, suffering their biggest decline so far this year, as worries about the economy and subprime crisis overshadowed efforts by Washington to prevent a possible recession.
This afternoon, GM investors got the kind of good news they've been craving for several months. Talking with analysts in Dearborn, Michigan, GM's Chairman and CEO Rick Wagoner said the company plans to save an additional $5 billion by 2011.
Finance company GMAC said it expects its struggling Residential Capital mortgage unit will have met its financial covenants at the end of 2007 and that GMAC itself remains adequately capitalized.
General Motors said it expects to significantly improve operating results, including earnings and cash flow, over the next two-to-three years.
If you're one one those people who loves gadgets, staying connected, and the idea that your car, truck, SUV give you everything, you are in heaven. If you are the type who longs for just you, the car, and need nothing more than the basics, well, hang on to the steering wheel.
The Japanese auto giant announces a big green initiative at the Detroit Auto Show, saying it plans to test hundreds of plug-in hybrid vehicles with fleet and commercial customers worldwide by the end of 2010.
There are orange cars here at the North American International Auto Show in Detroit (man, that’s a long name for an event). Apparently orange is a hot color. There are a lot of other bold colors as well. Phil Lebeau has been telling you all about the cars, but I thought I’d tell you about the vibe. Not the Pontiac Vibe, but the “vibe” vibe.
When the two largest automakers in the world announce major commitments to go green within minutes of each other, it is more than just a statement about the environment. Is about winning the battle for eco-friendly cars and trucks.
General Motors has room for additional cost cutting in its U.S. business, a top company executive said Sunday.
General Motors unveils a smaller, sporty model, the Hummer HX, that can be turned into a convertible or off-road vehicle and runs on ethanol.
Kid Rock rocked Detroit Saturday night with an inspired concert to cap off General Motors' Style event. Rock, Mary J. Blige and Maroon 5 performed for a packed house while the latest GM models rolled up and down a model runway.
Friday afternoon I walked into Cobo Hall in Detroit and there was a flurry of activity with cars being brought in, stages being set up, and elaborate new model introductions being rehearsed. Welcome to Detroit two days before the city's big auto show.
Like most big trade shows, the North American International Auto Show, (aka: The Detroit Auto Show), kicks off with closed-door sessions for the news media before opening to the general public Jan. 19.
Nissan Motor, Japan's third-biggest automaker, is set to supply Chrysler with fuel-efficient small cars, Japanese broadcaster NHK reported on Thursday.
Ford Motor has signed up some tech heavyweights to help with "Sync," its in-car satellite communications system, With help from Microsoft, Sirius and others, Ford's car of the very near future is something like a GPS, digital music player, cell phone and voice recognition system on wheels.
It's the grand daddy of American auto shows, so it's about time the Detroit Auto Show goes "Prime Time." It finally happens next week and we couldn't be happier that CNBC is the network raising the profile of the auto show.
Slowdown talk hurts tech, commodities, defense stocks today. UBS downgrades IBM on concerns about a slowing in tech orders; Deutsche Bank downgrades Boeing and Goodrich. Commodities weak across the board—metals, steel, iron ore (2nd day in a row.) Defensive stocks—consumer, drugs all strong. Lilly upgraded at Morgan Stanley.