CNBC's Phil LeBeau reports General Motors has hired Anton Valukas to oversee the company's internal recall investigations.» Read More
"It looks like the market is sort of struggling here a little bit, but there is too much skepticism and negativity on the street for me to think that the bottom is going to fall out," said Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, in an interview with CNBC.com.
The Tundra truck -- Toyota Motor’s postmodern combo of blue-collar ruggedness and advanced electronics -- goes on sale this week. How will top automakers confront the competition? That’s one question that drew CNBC’s Phil LeBeau to the Chicago 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.
Well at last, the battle for America's heartland has begun. Armed with bigger quad cabs, more torque, and plenty of bravado ... Detroit's 3, Toyota, and Nissan are working harder than ever to win over truck buyers. This week, Toyota's long anticipated, and much hyped Tundra full size pick-up goes on sale.
As U.S. automakers have struggled over the past years, they have always been able to hang on to one last profitable stronghold – the large pickup truck market. But that fortress is about to be stormed by Toyota as its redesigned Tundra pickup hits the showrooms this week.
Toyota Motor posted a near-20% rise in quarterly profit on Tuesday on brisk sales in North America and Europe, but kept its full-year forecasts unchanged -- though still on course for an eighth straight year of record earnings.
It seems only a matter of time before Toyota Motor takes the title as the world's top automaker, by any measure. The Japanese automaker is even entering a car in the Daytona 500 this year.
The latest survey of new car buyers from CNW marketing research shows the perceived quality of European brands continues to slide. While Volvo, Audi, and Porsche have higher perceived quality compared to a similar survey in 1997, Mercedes, BMW, and VW are all lower. In fact, Mercedes has gone from #1 to #12 in CNW's quality perception survey. The only silver lining for the Euro brands is that they are still given high marks by car buyers.
Today, January auto sales will come in and they won't be pretty. In fact, for the big 3, they will be downright ugly. This is what happens when the auto companies kick the fleet sales habit. Wednesday Ford gave us a preview of what to expect saying january sales plunged 20%, with fleet sales crashing 40%, and daily rental sales falling 60% compared to January of last year. Don't cry for Ford. Getting off the Fleet fix is what the company wants, and frankly what it needs to do.
It's a statistic that will have Detroit buzzing. In January, the Detroit 3-formerly known as the big 3- sold 50.6% of the cars and trucks in the U.S. A record low. Think about that stat for a minute. We are on the verge of seeing Americans buy more foreign brand cars and trucks than domestic nameplates. Don't be surprised if that happens in February or March. The biggest reason for the fall-off in domestic sales is ...
Nissan Motor reported a bigger-than-expected 23% fall in quarterly net profit on Friday, hurt by a sluggish recovery in U.S. sales, and lowered its full-year forecasts despite a weaker yen.
Top carmaker General Motors, meanwhile, posted a sales decline at the low end of analysts' expectations and trimmed its first-quarter production plans in response.
The Colts and the Bears aren’t the only competitors with their sights set on Super Bowl Sunday. Dozens of advertisers will also square-off, hoping to win audience with memorable commercials. And if the ad is truly a standout, it could also make headlines the next day. But advertising on the Super Bowl doesn’t come cheap.
Explaining the reduction, the automaker says it expects fleet sales to be just more than 700,000 in 2007, down from 900,000 units a year earlier.
General Motors said it would delay its fourth-quarter statement and restate four years of past results because of an accounting error dating back to the end of 2001, but it expected to be profitable in the fourth quarter.
The news from Renault Nissan CEO Carlos Ghosn out of eastern Europe today -- that his company is no longer seeking a third auto company for an alliance -- should send a clear message: automakers are not yet ready to consolidate.
Toyota is recalling 533,000 Tundra pickup trucks and Sequoia sport utility vehicles in the U.S. because of potential steering problems.
The combination of higher gas prices and a slew of sharp, new pint sized cars helped drive American car buyers to make almost 1 out of every 3 cars bought last year a compact car. The question is whether that surge in sales will continue in '07 - especially if gas prices continue to fall.
The headlines crossed the wires hours apart, from different parts of the world, and but will do little to excite investors about auto stocks. A Toyota executive on Tuesday said the automaker would be open to forming an alliance with Ford to work on specific projects-such as sharing technology. Then last night, in a speech in Dearborn, Michigan, GM CEO Rick Wagoner said the world's largest automaker is open to pursuing a alliances with other automakers based on project cooperation. My reaction? ...
Toyota Motor is open to a broader partnership with Ford Motor if the struggling U.S. auto maker asks, the Nikkei business daily reported on Wednesday, citing an interview with its president.