"There might be a slight impact on performance," Horn said to a subcommittee of the House Energy and Commerce Committee. Jan Schakowsky, D- Ill., Horn said VW isn't considering offering owners loaner cars because the U.S. government says the diesels equipped with a so-called defeat device are safe to drive. VW has admitted to installing the defeat devices on...» Read More
The rental car industry is heating up, as Avis' chairman and CEO sends a letter to top executives at Dollar Thrifty.
The government on Monday confirmed what many travelers might have already suspected: U.S. airlines made a lot more money in fees last year.
GMAC Financial Services Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial, as the consumer lender aims to put a failed foray into the mortgage business behind it.
A chemical compound that breaks down oil into droplets so that bacteria can eat it may be part of the solution to Gulf of Mexico oil spill.
With the $3B merger between United and Continental announced, one has to wonder what is in store for US Airways.
Machinists at Boeing's St. Louis defense systems plant have authorized a strike if a contract is not accepted before the current agreement expires next month.
David Sokol, a key Warren Buffet lieutenant, told CNBC that it would be a “disaster” if Congress enacted retroactive legislation that voided contracts dealing with derivatives.
China’s car market presents investors with a new, uncomfortable normal. Never before in the history of the automobile has so much demand expanded so quickly for so many years in row. But should they be tempering their optimistic feelings with some good old-fashioned vigilance?
Toyota says it is recalling about 50,000 Sequoia sport utility vehicles from the 2003 model year to fix an unexpected slowing of the vehicle.
GM is running TV ads claiming that they have repaid their government TARP loan of $8 billion and change early. Eight billion? So what is that stock worth asks William Dunkelberg, Economics Professor at Temple University.
United Airlines has an obscure liability to the pension benefit guaranty corporation that could get triggered if the company merges with Continental.
Signs that the economy is recovering are popping up everywhere. Here are a few you might have missed: trucker shortages, fancy pens and "jerk" insurance!
Walk through the massive Beijing Auto Show 2010 and you know immediately that the race for clean energy cars leadership in China is officially on. But is the Chinese consumer ready?
Employers who operate in the 14 states where pot is now legal as a prescription painkiller are struggling to reconcile zero-tolerance drug policies with a patient’s right to get high.
Bailed-out automaker General Motors will repay the roughly $6 billion it owes to the US and Canadian governments before its previously announced deadline of June 1, CNBC has learned.
Perhaps, you’ve been mystified, like me and the CNBC crew here in Vienna, by how a big cloud now covering much of Europe has brought us back to the Stone Age, travel-wise.
The sell-off in oil has intensified as much of Europe is still paralyzed by air travel disruptions caused the the volcanic ash cloud hovering above parts of the continent.
Europe is under an utterly unexpected and unprecedented emergency regime and neither governments nor businesses really have any backup plans for this kind of event.
Austrian authorities reopened the nation’s airspace Monday, but that does not mean travel headaches are over, either in Austria or across the world.
Take advantage of the declines in these stocks, Cramer says. Friday’s “scandal” won’t keep them down for long.