automobile

Considering Leasing a Car? Read This First

In a still-shaky economy, more and more drivers are deciding to lease their cars instead of buy them. If you're considering leasing your next set of wheels, here's how to find out if it makes sense -- and to get a good deal.

Toyota Prius Sales Hit New Milestone in U.S.

Toyota's recent recall woes may have pushed its U.S. sales lower during the past year, but they haven't stopped one popular model from setting a new milestone: The fuel-efficient Toyota Prius hybrid recently surpassed 1 million sales in the U.S.

UAW Head Uses Ford CEO's Big Payday to Rally Union

When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010's record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiations to regain some of what autoworkers gave up in concessions during the downturn.

Toyota to Keep Japanese Plants Idle Into Next Week

The Japanese automaker has extended its halt on vehicle production at its plants in Japan through March 22, as the country continues to reel from the devastation of last week's massive 9.0 earthquake and ensuing tsunami.

Earthquake's Effects Rattle Japan's Carmakers

Toyota, Nissan and Honda, among other companies, have shut down plants temporarily in Japan in the wake of Friday's earthquake and tsunami. While many of their factories were undamaged, crippled nuclear plants are causing power shortages, and there has been damage to parts makers and transportation infrastructure.

Toyota Issues Recall Over Faulty Tire Pressure Monitors

Toyota is recalling another 22,000 trucks and sport-utility vehicles, this time so that it can repair faulty tire pressure monitoring systems. Vehicles affected by the recall include the Toyota FJ Cruiser, Land Cruiser, Sequoia, Tacoma and Tundra from the 2008 through 2011 model years.

Ford Recalls 32,000 Vehicles to Fix Fuel Leaks, Electrical Shorts

Ford Motor is recalling nearly 32,000 recent-vintage pickup trucks and crossover vehicles in two separate actions to fix fuel leaks and electrical shorts that may lead to fires, according to a notice posted Wednesday on the National Highway Traffic Safety site.

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.

Ford's Sales Climb 14% on Explorers, Fuel-Efficient Models

Ford reported Tuesday that its sales in February rose 14% compared to a year ago, in part due to strong sales of the revamped Ford Explorer sports-utility vehicle, the Fusion midsized sedan and the Ford Escape compact SUV. Total sales for the month hit 156,626.

GM's February Gain Outpaced Forecasts

Consumers snapped up new GM models despite the steadily rising price of gas. GM said Tuesday that it sold 207,028 vehicles during the month, exceeding analyst expectations. The increase was driven largely by a 70% jump in retail, or individual consumer, sales.

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.

Will GM Post Its First Annual Profit Since 2004?

Or will it disappoint? Investors -- and taxpayers -- will be watching on Thursday, when GM is posts its latest earnings. Despite analyst expectations of a full-year profit, the automaker has warned that fourth-quarter results will fall "significantly" from previous periods.

Ford Reluctantly Recalls 144,000 F-150 Pickup Trucks

Ford is recalling 144,000 F-150 pickup trucks to repair airbags that may deploy without warning, a defect that has led to dozens of injuries, safety officials say. The federal government had pressed Ford to recall the pickups, but this recall isn't as broad as regulators wanted.

GM and Chrysler Will Pay Bonuses to Salaried Workers

Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.

Toyota Fights Recall Woes and Stronger Yen

The Japanese automaker's bottom line is likely to have been affected by its continuing safety recalls, weaker U.S. sales and the rising value of the yen, which has made exports more expensive. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of $56.2 billion.

U.S. Auto Sales Surge in January on Strong Consumer Demand

Despite wintry weather across much of the nation, U.S. consumers were in a car-buying mood last month, boosting most automakers' sales by double-digit percentages compared to a year ago. Analysts estimate that January's sales reached the second-fastest pace in 17 months.

Ford Posts 13% Sales Gain in January

Ford Motor said sales of its cars and trucks rose 13.3% in January on improved demand by consumers, bucking last year's trend, when sales to fleet customers largely drove the increase. For the month, the automaker sold 127,317 units, up 13.3% compared to a year ago.

General Motors Sales Rose 22% in January

General Motors sales rose 21.8% in January compared to a year ago on strong sales across its lines of passenger cars, "crossover" vehicles and trucks, the automaker said Tuesday. Each of the automaker's four divisions recorded higher sales for the month.

Though Chrysler Is Still Unprofitable, Employees Earn a $750 Bonus

Union employees at Chrysler Group will receive a $750 bonus next week as an acknowledgment of their contributions in helping to revive the once-bankrupt company, the automaker said Monday. Salaried workers, excluding the company's top 50 executives, will also receive the payment.

Ford Shares Tank on Its Earnings Disappointment

Ford shares headed down sharply after the company announced quarterly earnings 18 cents per-share lower than analyst expectations. The miss cast a shadow on the report from Ford, which posted its best annual profit in a more than decade -- $6.6 billion.

GM Withdraws $14 Billion Federal Loan Application

Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.