MONTREAL/ WASHINGTON Feb 8- Global aviation experts agreed on Monday to the first emissions-reduction standards for aircraft in a deal that will take effect with new models in four years, but environmental groups said the carbon dioxide cuts did not go far enough. The standards are aimed at makers of small and large planes alike and will apply to all new aircraft...» Read More
Consumer confidence is coming back, John Mendel, executive vice president of auto sales at Honda Motor told CNBC.
Toyota will provide its key hybrid technology to Mazda under a licensing agreement reached Monday, the two companies said.
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General Motors says it will make another $1.2 billion in loan repayments to the U.S. and Canadian governments by the end of this month.
Ford Motor President and CEO Alan Mulally made $17.9 million last year, about 1 percent more than the previous year, as the company struggled through the worst U.S. auto sales market in decades, the AP reported.
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Shares of Ford Motor surged to a five-year high Wednesday after a ratings agency upgraded the automaker's debt and said Ford has the potential to improve its finances even further.
Bailed-out auto company General Motors has a reasonable chance of being profitable this year, and it plans to repay its government loans as soon as possible, CFO Chris Liddell told CNBC Wednesday.
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Continental Airlines is ending free hamburgers, barbecue and sandwich rolls for many of its passengers in favor of a food-for-sale program that mirrors what other carriers are already doing.
Investigators with Toyota and the federal government were unable to make a Prius speed out of control as its owner did on a California highway, casting doubt about the driver's account.
Cathay Pacific told CNBC Friday it will not be participating in Air China's 6.5 billion yuan ($952.2 million) share issue.
A top government auto safety official tells Congress that his agency may need more authority to regulate the auto industry.
Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists.
The Baltic Dry Index, a leading economic indicator used by market insiders to gauge global demand for dry commodities, is up over 20 percent in the past month. While some critics have claimed that the index is an inaccurate measure, Omar Nokta, head of research for marine transport at Dahlman Rose, said it still remains reliable.
The driver of a Toyota Prius told police in suburban New York that her car accelerated on its own, then lurched down a driveway, across a road and into a stone wall.
Toyota said on Tuesday it would fix all Tundra pickups sold in the United States for the 2000 to 2003 model years to address a risk that part of the truck's frame could corrode, causing spare tires or even the gas tank to drop to the road.
Over one hundred body scanner machines bought with federal stimulus funds are due to arrive in American airports as soon as next week, with Boston's Logan Airport set to flip the switch on three new machines Monday.
The Obama administration may recommend all new cars are fitted with a "smart" brake overide system, U.S. Transportation Secretary Ray LaHood said Wednesday.