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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Within a week Hyundai will roll out its latest promotional campaign, and it has the potential to cut through the clutter and make Hyundai stand out from the competition. It's a variation of the Hyundai Assurance program with a new hook. This time, instead of agreeing to take back your car if you lose your job, Hyundai is now guaranteeing how much your new Hyundai will be worth when you trade it in 2, 3 or 4 years from now.
A year ago you would have scoffed at the possibility. Not anymore. And among auto executives there's a growing concern that when gas hits $4.50 a gallon sales will dramatically shift to smaller, more fuel efficient cars.
With shares of GM slipping under $30, there's an interesting, and potentially troubling question, for GM and it's investors. How much further will the stock drop?
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.
High-cost, short-term car title loans are leading people to take out risky lines of credit.
Aston Martin has recalled 7,256 vehicles due to faulty electronic modules in their front seat heaters.
Porsche's supercar was recalled for repairs after reports of possible defects on its front axle, USA Today reports.
Takata Corp, the air bag maker embroiled in millions of recalls worldwide, said its president Stefan Stocker would step down.
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