Ford Motors posted a surprise $1 billion quarterly profit on Monday and raised its 2011 outlook to "solidly profitable." Toyota and Nissan are also expected to report earnings this week in addition to auto sales data due Tuesday. David Silver, equity research analyst at Wall Street Strategies shared his industry outlook.
Reporters and editors are already calling Ford's third quarter earnings surprising. And yes, it is surprising when analysts are expecting a company to lose 12 cents a share, and it earns 26 cents/share. But make no mistake; the blue oval has been going from red (losing money) to black (making money) for some time.
If it's not clear to you yet, it should be. The green wave of incentives, tax breaks, and government grants is just starting to wash over auto companies and customers.
Depending on whom you ask, India's Reva Electric Car Company is either the next big thing in automobiles, or a maker of glorified golf carts.
Just a few weeks into her job as the head of sales at GM, Susan Docherty believes the automaker is building momentum. Wednesday morning Docherty updated reporters on what the company is seeing for October sales.
The latest Consumer Reports survey of people who have bought more than 1.4 million vehicles, is further proof of the gulf between Ford and its fellow Big 3 auto makers, GM and Chrysler. While Consumer Reports now lists Ford as being on par with Asian automakers, GM and Chrysler continue to struggle.
The White House will herald it as proof America's auto industry is changing. Leaders in Washington will say this is the blue print for taking the shrinking big 3 and putting their abandoned plants to good use. For all the "feel good" cheer surrounding the announcement a former GM plant in Delaware will be renovated to build high-end hybrid cars, keep the hype in check.
CNBC Asia Pacific was on-the-ground covering the event this week and the team took snapshots of the new concept cars that are set to drive the green revolution.
The Tokyo Motor Show is a case study in the electric car split. Some companies, like Nissan are trumpeting future EV models and talking about the coming age of electric vehicles.
Almost 7 months after President Obama decided to save both GM and Chrysler by sending them through bankruptcy, it's becoming clear just how close the White House came to letting Chrysler go under and how little the auto task force thought of GM.
The beauty of the X PRIZE is that it highlights a growing, but largely overlooked segment of inventors and entrepreneurs who are building cars that do not run on gas or diesel. These are folks experimenting with batteries, ethanol, even algae as the fuel to power our cars ad trucks.
For all the stories I do involving the auto industry, I'm always amazed at how many people will bring up how the auto makers pick the colors for future models and why some of those colors are popular in one part of the country, but not in another.
The Fiesta is a compact car that has been a huge hit in Europe and has been the focal point of Ford's strategy to crank out smaller, more fuel efficient models for customers in the US...But in a crowded market with strong competitors in the compact segment, Ford knows it will still have to work to make the Fiesta a big seller.
Tom Webb with the Manheim Auto Auctions has never seen a run like this. In all his years of tracking used car prices, he's never seen them surge like they have in the last nine months.
Maybe it's because there were few other options. Maybe it's because HUMMER has fallen in relevance among automakers. Or maybe it's because people finally realize it was inevitable for a Chinese company to buy an American automaker.
Nissan unveils its concept "Land Glider" electric car capable of tilting from side to side, sashaying into curves by up to a 17-degree angle.
When the GM board of directors meets today the group will get an update from GM executives about the progress they're making turning around the troubled auto maker. The general consensus is GM is stable, but still far from ready to take off. The board knows this, and most importantly, so does Chairman Ed Whitacre.
Ever since Nissan announced the Leaf would be coming out next year, prospective buyers have been clamoring to get on the waiting list - 22,000 so far!
We knew September sales would be terrible following the Cash for Clunkers pop in July and August. So when you see both GM and Chrysler down more than 40% it's not a shock. Ford, after posting its first monthly sales gain in August, fell 8.8%. Toyota down 6.1%.
It's long been clear the best part of Saturn was its dealer network: a collection of the savviest, most powerful and connected dealers in the country. They are the folks GM wooed in the late 80's and early 90's because they had been in the car business for years and knew how to do it right. For all the talk about Saturn having loyal customers and a clean image, the real value of the brand has been and remains the dealer network.