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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As recalls go, it's a whopper — 1.19 million Ford F-150's and a select number of Lincoln Mark LT vehicles are being recalled by Ford due to airbags that may deploy inadvertently. Under CEO Alan Mulally, this is one of the largest recalls at Ford. A rare black eye for a company that has steadily improved its quality and reliability over the last five years.
With the average price for a gallon of gas moving close to $4 a gallon, we're finally starting to see the impact on the used car lot. Buyers are demanding more small, fuel efficient cars and that's pushing the price of four cylinder compacts higher.
Over the last year, as gas prices have steadily moved higher and people predicted gas would eventually climb above $4 a gallon the big question in the industry has been where is the tipping point? At what price per gallon will we finally see car, truck, and SUV buyers shift to smaller more fuel efficient models? Well, folks it's here.
When Ford passed GM to become #1 in U.S. sales in March, I started getting e-mails from auto industry fans and players in the industry. All included a familiar rhetorical question: Is this a one month blip or is Ford on the verge of passing GM for good to become the country's top automaker?
Fir Tree Partners stepped up its calls to replace Hertz's chief, saying CEO Mark Frissora "has completely lost credibility."
General Motors' premium Cadillac group is considering expanding its offices from Detroit to Manhattan.
More people will get away this Labor Day weekend than have in the past six years, reports USA Today.
Ford told US dealers to stop test-driving and selling some recently made models due to steering gear issues.
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