VW

Why Wall Street Is Betting Against General Motors

Short sellers have significantly increased their bet that GM shares are going to drop: Short interest in the No.1 U.S. car company jumped 26.5% to 41.5 million shares in the two-week period that ended May 15.

Wall Street Ups Bet Against Ford's Stock

Ford has had been nothing but full of good news lately: it recently reported a sharp rise in net income to $2.6 billion and it said that it would maintain its market share in the U.S. America for the balance of the year. So why is Wall Street pessimistic on the stock?

February's Sales Put Carmakers in the Fast Lane

It was a good month for auto sales despite inclement weather across much of the country and surging oil prices. Cars sold near an annual pace of 13 million vehicles. That would make February the best on record since the "cash for clunkers" rebate program in 2009.

February Auto Sales Likely Kept Zipping Along

Major automakers are set to release February sales figures on Tuesday, and analysts expect the reports will show sales improved 20% compared to a year ago as consumers continued to warm to the slowly improving economy -- so far, despite surging oil prices.

January Auto Sales Should Build on 2010's Momentum

A slowly brightening economy combined with low financing rates and generally stable fuel prices have put consumers in a buying mood. New models, particularly from Ford and GM, are also helping to keep U.S. auto sales on a positive trajectory as 2011 starts.

Upbeat Consumers Push Auto Sales Higher

The nation's automakers ended 2010 on an upbeat note with most reporting higher sales for December. Consumers seemed to put concerns about the U.S. economy on hold and more than offset reduced demand by fleet customers, such as corporations and rental-car companies.

Hyundai/Kia and VW Top Latest Safety Ratings

Who makes the safest cars? Hyundai Motor and its sister make, Kia Motors, along with Volkswagen and its luxury brand, Audi, garnered the most awards in the recent vehicle crash tests conducted by an insurance industry testing group.

To Topple Toyota, Volkswagen Must Accelerate in the U.S.

VW has set a hefty goal for itself: to displace Toyota as the world's No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to really ramp up sales in the American market.

Porsche, VW Merger Deal May Fall Apart

If you're still waiting for a merger between VW and sports car maker Porsche to close, don't hold your breath. VW's CEO is warning that it may not happen at all. "The chances are 70 to 30 that it comes to that," Volkswagen CEO Martin Winterkorn said in an interview with Automobilwoche on the edge of a vehicle presentation.

September Auto Sales: Don't Expect Much Sizzle

Overall demand for new cars and trucks, while better than a year ago, is likely to be lower than that recorded in August, itself an unimpressive month. That would mean auto sales are stuck in a four-month-long rut.

Bentley Recalls 596 Cars Over Faulty Hood Ornaments

Recalling luxury cars to fix faulty hood ornaments might sound like a joke, but ultra high-end automaker Bentley Motors isn't dismissing reports that its famous "flying B" metal emblem on some models may fail to collapse in a crash: It's fixing the problem in its $200,000-plus vehicles.

Volkswagen Taps Ex-GM Exec as CEO of U.S. Unit

Volkswagen has tapped a veteran with deep knowledge of the U.S. domestic auto industry to head its U.S. operations. The German carmaker named Jonathan Browning, who has worked for both General Motors and Ford Motor, as CEO of Volkswagen of America.

Dogged By Weak Economy, August Auto Sales Slump

As expected, automakers Wednesday reported sluggish sales for August. The nation's anemic economic recovery kept consumers away from dealerships, despite generous end-of-model-year incentives on the part of many manufacturers.

August Auto Sales May Be the Worst in 28 Years

Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The slowing economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals.

U.S. Auto Sales May Have Revved Up in July

Analysts' expectations are that sales rose to the highest levels of the year last month, reaching an annualized rate of 11.9 million units. Eager to make room for 2011 models on dealers' lots, automakers have hiked incentives, drawing summertime bargain-hunters.

March Sales: Ford Zooms Into the Lead in Europe

The carmaker's Ford Fiesta subcompact is popular in Europe and has helped push sales there into the top spot, surpassing Volkswagen. The European gains come when Ford is also revving up in the U.S. Can it keep up the speed?

Ford, GM Sales Surge in January as Toyota Tumbles

Ford Motor and General Motors, the two largest U.S. auto makers, reported higher sales in January, as consumers steered cleared of the showrooms of the companies' nearest Japanese competitor, Toyota Motor, which is mired in massive recall involving millions of vehicles.