Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered sales guidance on slowing China demand.» Read More
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.
It’s not just the ads showing a baby-boomer couple sitting in matching bathtubs on a beach at sunset where you can find performance anxiety these days. Try looking in the hardware aisle and at the gas station.
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.
Tom Webb with the Manheim Auto Auctions has never seen a run like this. In all his years of tracking used car prices, he's never seen them surge like they have in the last nine months.
Maybe it's because there were few other options. Maybe it's because HUMMER has fallen in relevance among automakers. Or maybe it's because people finally realize it was inevitable for a Chinese company to buy an American automaker.
Nissan unveils its concept "Land Glider" electric car capable of tilting from side to side, sashaying into curves by up to a 17-degree angle.
When the GM board of directors meets today the group will get an update from GM executives about the progress they're making turning around the troubled auto maker. The general consensus is GM is stable, but still far from ready to take off. The board knows this, and most importantly, so does Chairman Ed Whitacre.
Ever since Nissan announced the Leaf would be coming out next year, prospective buyers have been clamoring to get on the waiting list - 22,000 so far!
Stocks tumbled on the first day of the quarter and Dave Rovelli, managing director at Canaccord Adams, and Warren Meyers, CEO of Walter J. Dowd, said this may be an opportunity for bears to seize control.
We knew September sales would be terrible following the Cash for Clunkers pop in July and August. So when you see both GM and Chrysler down more than 40% it's not a shock. Ford, after posting its first monthly sales gain in August, fell 8.8%. Toyota down 6.1%.
The S&P 500 could continue to push higher as investors "climb a wall of worry," said Phil Roberts from Barclays Capital.
It's long been clear the best part of Saturn was its dealer network: a collection of the savviest, most powerful and connected dealers in the country. They are the folks GM wooed in the late 80's and early 90's because they had been in the car business for years and knew how to do it right. For all the talk about Saturn having loyal customers and a clean image, the real value of the brand has been and remains the dealer network.
After 20 years, plenty or promise, and plenty of "what ifs", Saturn is approaching the end of the road.
With evidence mounting that texting and driving is more dangerous than drinking and driving, nearly everyone agrees that it is a huge problem that must be stopped. Sure, 18 states have made it illegal to text and drive, but the fact is many people-especially teens-continue to type away while behind the wheel. So why not take the next step, and have cars come with a device that jams cell phone signals for those in the driver seat?
Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel.
When the Toyota first announced a safety alert, two questions crossed my mind. First, how serious is this problem to fix? Second, how much will this stain Toyota's sterling reputation?
Less than two months after GM and eBay hooked up to try online sales of new cars in California, CNBC has learned the program will end as scheduled tomorrow.
Hyundai is picking up market share here in the U.S. thanks to a potent combination of much better product (both in terms of quality and styling) and savvy marketing. A company that was once dismissed as weak imitator of the Japanese automakers is now taking it to the folks from Toyota, Nissan, and Honda.