Buick is cutting the price of one of its top car models, its most recent effort to appeal to younger buyers, USA Today reports.» Read More
In the auto world, everyone is searching for the "Big Mo" - momentum. It's elusive and some of the best-laid plans rarely wind up producing it. But for three companies, the latest report from Kelley Blue Book shows Audi, Ford and Hyundai are generating more interest with potential buyers.
It stole the show at last year's auto show. Now the Cadillac Converj is getting the green light from General Motors. This is not only a smart move that could pay off over time for GM, but it also shows how far the auto maker has come in moving quicker when it comes to taking new models from concept to production.
Ever since Chrysler CEO Sergio Marchionne and his management team unveiled their plan for reviving Chrysler last week, much has been made about what the plan is and is not built around: A heavy emphasis on four cylinder engines and very little mention of hybrids and electric cars.
The latest sales numbers out of China this morning are further vindication that General Motors strategy in that country is paying off.
After 10 years of research and development, Ford is unveiling inflatable seat belts....A potentially ground breaking innovation in safety aimed at better protecting people in the second and third rows of cars involved in accidents.
As I sit through a lengthy explanation of how Sergio Marchionne plans to turn around a struggling Chrysler, one question keeps running through my mind: Do we think this plan will work?
If you want to get a sense of just how unclear the auto industry is about how much sales will rebound, ask the different sales chiefs at the automakers.
Ford Motors posted a surprise $1 billion quarterly profit on Monday and raised its 2011 outlook to "solidly profitable." Toyota and Nissan are also expected to report earnings this week in addition to auto sales data due Tuesday. David Silver, equity research analyst at Wall Street Strategies shared his industry outlook.
Reporters and editors are already calling Ford's third quarter earnings surprising. And yes, it is surprising when analysts are expecting a company to lose 12 cents a share, and it earns 26 cents/share. But make no mistake; the blue oval has been going from red (losing money) to black (making money) for some time.
If it's not clear to you yet, it should be. The green wave of incentives, tax breaks, and government grants is just starting to wash over auto companies and customers.
Depending on whom you ask, India's Reva Electric Car Company is either the next big thing in automobiles, or a maker of glorified golf carts.
Just a few weeks into her job as the head of sales at GM, Susan Docherty believes the automaker is building momentum. Wednesday morning Docherty updated reporters on what the company is seeing for October sales.
The latest Consumer Reports survey of people who have bought more than 1.4 million vehicles, is further proof of the gulf between Ford and its fellow Big 3 auto makers, GM and Chrysler. While Consumer Reports now lists Ford as being on par with Asian automakers, GM and Chrysler continue to struggle.
The White House will herald it as proof America's auto industry is changing. Leaders in Washington will say this is the blue print for taking the shrinking big 3 and putting their abandoned plants to good use. For all the "feel good" cheer surrounding the announcement a former GM plant in Delaware will be renovated to build high-end hybrid cars, keep the hype in check.
CNBC Asia Pacific was on-the-ground covering the event this week and the team took snapshots of the new concept cars that are set to drive the green revolution.
The Tokyo Motor Show is a case study in the electric car split. Some companies, like Nissan are trumpeting future EV models and talking about the coming age of electric vehicles.
Almost 7 months after President Obama decided to save both GM and Chrysler by sending them through bankruptcy, it's becoming clear just how close the White House came to letting Chrysler go under and how little the auto task force thought of GM.
The beauty of the X PRIZE is that it highlights a growing, but largely overlooked segment of inventors and entrepreneurs who are building cars that do not run on gas or diesel. These are folks experimenting with batteries, ethanol, even algae as the fuel to power our cars ad trucks.
For all the stories I do involving the auto industry, I'm always amazed at how many people will bring up how the auto makers pick the colors for future models and why some of those colors are popular in one part of the country, but not in another.
The Fiesta is a compact car that has been a huge hit in Europe and has been the focal point of Ford's strategy to crank out smaller, more fuel efficient models for customers in the US...But in a crowded market with strong competitors in the compact segment, Ford knows it will still have to work to make the Fiesta a big seller.