CNBC's Phil LeBeau reports on the future of distracted driving software.» Read More
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...
We told you earlier about the U.S. stock selloff--but they ended up, making comeback and bouncing off their lows of the session. There was that triple digit sell-off late in the afternoon only to see a rally in the last half hour of trading. CNBC's Mary Thompson has all the details in "Eye On The Floor."
GMAC is beginning a new era as an independent financial services company--after 87 years as a wholly owned subsidiary of General Motors. On Thursday--GM sold its 51% stake in its most profitable GM unit to an investment consortium led by Cerberus Capital in a move that dramatically improved GMAC's credit profile and capital position.
The market saw an afternoon selloff after a poor November Institute of Supply Management number. The ISM registered at 49.5 – down from 51.2 in October. It appears investors are getting a bit timid – despite a strong year – after a week of bad reports.
Forget a Santa Claus rally. Investors might just want to hold onto their hats. Because if the past few days are any indication, stocks could be in for another choppy week.
Stocks skidded Friday after a key survey showed manufacturing unexpectedly contracted in November,stoking concerns about a weakening economy.
General Motors said its November retail sales were up 11%, while it reduced sales to corporate fleet customers including car rental companies by 7% in the month.
Stocks declined Friday on fresh signs of weakness in the manufacturing sector. The news also dragged down European shares.
Talks are progressing between Delphi Corp. and former parent General Motors as they negotiate to try to help the auto parts supplier emerge from bankruptcy protection, according to court documents.
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.
Billionaire Kirk Kerkorian's Tracinda Corp. investment firm appears to have unloaded its entire stake in General Motors, CNBC's David Faber reported on "Closing Bell."
We’ll be keeping a close eye on GM today -- there are November sales figures to sort through and we'll also be watching to see if there is any fall out from a story first reported here by CNBC’s David Faber concerning Kirk Kerkorian selling his entire stake in the company. For more perspective on what's happening at GM...
Good morning--it's December 1, 2006--24 days until Christmas--and counting. We're having a busy day so far. U.S. Representative Harold Ford Jr. from Tennessee is guest host on "Squawk Box." He lost that closeU.S. Senate seat race last month to Repbublican Bob Corker.
Stocks closed mostly lower amid higher oil prices and a surprising decline in Midwest business activity.
General Motors has begun work on a plug-in hybrid power system for its Saturn Vue SUV. GM will also offer Hummers that run on biofuel within three years.
CNBC’s Phil LeBeau hit the L.A. Auto Show, where he found General Motors poised to unveil a two-pronged survival strategy: develop the legendary electric car – and exploit golf superstar Tiger Woods as its pitchman.