Phil LeBeau is a CNBC auto and airline industry reporter based at the network's Chicago bureau. He is also editor of the Behind the Wheel section on CNBC.com.
LeBeau has reported one-hour documentaries for the network, including "Dreamliner: Inside the World's Most Anticipated Airplane," "Ford: Rebuilding an American Icon" and "Saving General Motors" and "Failure to Recall: Investigating GM."
Prior to joining CNBC, LeBeau served as a media relations specialist for Van Kampen Funds in Oak Brook Terrace, Ill., and was instrumental in implementing an initiative to communicate the company's mutual fund and investment practices to the public and the press. While at Van Kampen, LeBeau held a Series 6 license.
Previously, he held general assignment reporting positions at KCNC-TV, the CBS affiliate in Denver, and KAKE-TV, the ABC affiliate in Wichita, Kan. LeBeau began his career as a field producer at WCCO-TV in Minneapolis, where he wrote, produced and researched consumer stories. He graduated from the University of Missouri-Columbia School of Journalism with a bachelor's degree in journalism and broadcasting.
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Remember when Ford was considering selling Jaguar? The questions at the time were not much different than they were when GM first said it was looking into selling Saab. At the time, analysts talked about two brands that had equity with niche car buyers. Brands that had suffered while being lumped into a portfolio of other brands at Ford and GM. Brands that would surely survive and find their way after they were unloaded.
After several years of being considered a dirty word in car dealerships, leasing is back in style. And unlike a few years back when the lease deals (and ridiculously easy credit terms) got out of whack, the idea of leasing, not buying could make more sense for those in the market for a new car. So what's changed? A lot.
At the Ford annual meeting in Wilmington, Delaware it's been all smiles. And for good reason. In the last year, Ford shares have steadily moved higher and are now trading over $15 a share.
Why are investors sticking with Toyota? It all comes down to Toyota's track record, balance sheet, and belief that Toyota will eventually bounce back.
Just two years after being bailed out by the US government, General Motors is announcing today that it will spend $2 billion to add approximately 4,200 jobs at 18 plants in eight states.
GM made $2 billion last quarter and forecast growing earnings this year. How do investors react? Buy pushing shares of GM lower. Welcome to the new conundrum facing GM.
For the longest time, it seems like the Toyota Corolla and Honda Civic were the Lakers and Celtics of compact cars. Year in, year out they dominated the category. Sometimes it was because the competition from Detroit was non-existent. Sometimes because they were so far superior to their competition from around the world it was a joke. Those days are gone.
Honda Motor recalled a small number of cars equipped with Takata Corp air bags in March 2002, two years before the first known injury.
Welcome to Black Friday, the fastest growing day for auto sales.
The U.S. is threatening fines and legal action against Takata for failing to admit that its driver's-side air bags are defective.
Bloomberg News said Uber would raise at least $1 billion in the new round from a variety of top-shelf investment firms.
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