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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There's an interesting choice facing Ford investors right now. Sell some stock and take profits after a spectacular run-up in the last year, or hang on and bet that Alan Mulally and company can prove Wall Street wrong again and outperform expectations, pushing the stock even higher.
The cautious optimism is gone - replaced with a confidence in a profitable future. For Ford CEO Alan Mulally the company has transitioned into a new phase of growth. From here forward, Ford not only will be expected to be solidly profitable. And not just in most parts of the world, but in every region- including the U.S.
The smile on the face of GM Chairman Ed Whitacre Jr. says it all. The quiet confidence from GM Vice Chairman Steve Girsky makes it clear. Read between the lines, you'll see GM is speeding toward profitability.
Few at GM will admit it in the open. Heck, they don't even like to talk about it. But make no mistake, GM is moving to have an initial public offering. It's still too early to project when it will be, but I have little doubt it will happen this year.
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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