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CNBC Franchise Archive Transportation: Leisure

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  • General Motors Adding Shifts at 3 Plants Tuesday, 22 Sep 2009 | 2:18 PM ET
    Chevy Malibu 2008

    General Motors will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year.

  • Carmax Profit Soars on Sales, Auto Financing Business Tuesday, 22 Sep 2009 | 9:52 AM ET
    car_lot_AP.jpg

    Car dealership chain CarMax said Tuesday its fiscal second quarter profit surged on higher sales and a one-time gain related to its auto financing business.

  • Transports Not Better, 'Just Less Worse': Analyst Thursday, 17 Sep 2009 | 10:53 AM ET

    The transport sector saw an increase of 60 percent over the last six months, a greater percentage increase than the S&P 500, but Lee Klaskow, a transportation analyst at Longbow Research, said the fundamentals of the industry are not getting better, just "less worse."

  • Oil Reversal Knocks Stocks Friday, 11 Sep 2009 | 5:37 PM ET

    Both the Dow and S&P 500 closed in negative territory on Friday, ending their five-day winning streak after the declining price of oil dragged down energy shares.

  • What Investors Should Watch Next Week: Strategists Friday, 11 Sep 2009 | 11:50 AM ET

    Alan Valdes, vice president of Hillard Lyons and Peter Andersen, portfolio manager at Congress Asset Management Company shared their insights on where to invest in a low volume environment and what investors should be watching for next week.

  • Taxpayers May Face Losses from Auto Bailout: Warren Wednesday, 9 Sep 2009 | 12:05 PM ET

    Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].

  • Auto Task Force Moves Questioned by Oversight Panel Wednesday, 9 Sep 2009 | 12:06 AM ET
    Empty GM Dealership

    A Congressional Oversight Panel report on the use of TARP funds to restructure the auto industry questions some of the decisions President Obamas Auto Task Force made with regard to GM and Chrysler.

  • Investors Should Think Trucking, Energy: Analysts Friday, 4 Sep 2009 | 3:05 PM ET

    Looking ahead to next week after the three day weekend, one transportation stock is something investors should consider, said Art Hogan, managing director at Jeffries. "Navastar is a pure play on North American transportation," Hogan said.

  • 'Clunkers' Put Cars on Road to Recovery: AutoNation CEO Wednesday, 2 Sep 2009 | 11:23 AM ET
    auto_sales_new3.jpg

    Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.

  • Toyota Revs Up Production in U.S. Tuesday, 1 Sep 2009 | 8:29 PM ET
    A Tacoma pickup truck on the lot of a Toyota dealership.

    Toyota Motor plans to raise production of its Tacoma and Tundra pickups to meet expected demand for trucks and increase production of fuel-efficient vehicles through the end of the year, executives said on Tuesday.

  • Ford Sees Industry's Sales Hopping in August Friday, 28 Aug 2009 | 4:03 PM ET
    Ford F Series

    A top Ford executive expects industry-wide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.

  • Somali Pirates Open Fire on US Navy Helicopter Thursday, 27 Aug 2009 | 2:49 PM ET
    USS Chancellorsville

    Somali pirates holding a hijacked ship off the coast of Somalia fired at a U.S. Navy helicopter as it made a surveillance flight over the vessel, the first such attack by pirates on an American military aircraft, the Navy said Thursday.

  • 'Cash for Clunkers' Final Sales Tally: 700,000 New Cars Wednesday, 26 Aug 2009 | 4:59 PM ET
    Auto scrap yard

    The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.

  • Final Weekend of 'Clunkers' Draws Big Crowds Sunday, 23 Aug 2009 | 5:52 PM ET
    auto_sales_new3.jpg

    From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program.

  • AutoNation Stops Offering 'Cash for Clunkers' Early Saturday, 22 Aug 2009 | 4:29 PM ET
    auto_sales_new3.jpg

    AutoNation, the nation's largest auto dealership chain, said Saturday it hit the brakes on the popular Cash for Clunkers program three days early because it wants to make sure it can submit the paperwork on thousands of sales to the government before a Monday evening deadline.

  • Woman looks at new Toyota Camry on dealer lot

    As more American car buyers take advantage of the rebate program, the federal government is struggling to reimburse dealers that shoulder the rebates up front

  • 200+ NY Dealers Pull Out of Clunkers Program Wednesday, 19 Aug 2009 | 3:02 PM ET
    2010 Prius

    Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.

  • Greyhound Buses to Take Turn as British 'Coaches' Wednesday, 19 Aug 2009 | 12:17 PM ET
    Greyhound.jpg

    America’s iconic Greyhound coaches will hit the road in the UK this September as owner FirstGroup looks to tap the brand’s North American success for the British market.

  • AutoNation: Owed $45 Million From 'Clunkers' Wednesday, 19 Aug 2009 | 10:37 AM ET

    AutoNation CEO Michael J. Jackson told CNBC Wednesday the government owes his company about $45 million in rebates from the cash-for-clunkers program, but said he still has faith in the program.

  • GM to Boost Output Due to Clunkers Incentives Tuesday, 18 Aug 2009 | 11:49 AM ET
    auto_worker.jpg

    Higher sales from the government's Cash for Clunkers program have prompted General Motors to boost production at several of its factories, according to company and union officials.