Honda's Quarterly Profit Picks Up Despite Losses in China
Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset recent sales losses in China.
automotive
Automakers Expected to Report Highest U.S. Sales Since 2007
Automakers are expected to report Tuesday that U.S. car and truck sales hit their highest level in nearly six years in March.
Honda's Latest Minivan Comes with Its Own Vacuum
Honda shows off its updated Odyssey minivan, which features a richer, more chiseled look, chrome-trimmed fog lights -- and its own vacuum.
Resurgent Ford Awards Top Two Execs $99 Million in Stock
Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.
You'll Hardly Believe the Things You Can Rent Today
Renting isn't just for apartments and cars anymore. Americans today are trying to save a few bucks by taking only temporary ownership (or, borrowership) of a whole new array of goods from designer handbags, rims to pimp their rides, iPhones, power tools and, yes, caskets.
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.
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.
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.
Ford May Post Its Best Yearly Profit in a Decade
Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford has seen since 1999.
Beyond Recalls: A Year Later, Toyota's Woes Continue
Last year's massive recalls -- and the resulting legal fallout -- have given Toyota's reputation a beating, cutting into its sales. But the company can't blame all of its problems on the recalls. Analysts also point to another issue: A lack of compelling new models.
2010: The Year of Automobile Recalls
Automakers recalled more vehicles last year than in any of the last six years. And while Toyota Motors accounted for much of the growth, with problems including unintended acceleration and glitchy brakes, many other car manufacturers also saw their recalls increase.
United Auto Workers Push to Unionize Foreign-Owned U.S. Auto Factories
The United Auto Workers union has been bleeding members, with fewer than 400,000 at the end of 2009. With a purportedly more collaborative attitude, the group plans to unionize foreign auto manufacturers with factories in the U.S.
Why U.S. Auto Sales Should Speed Up in 2011
It's still hard to diagnose how the overall economy will fare in 2011. But the signs for at least one area all seem to be pointing up: car sales. Analysts predict the number of vehicles sold next year will rise 10% to 23% above that of 2010.
Chrysler, VW Recalling 745,000 Vehicles to Fix Air Bags and Fuel Leaks
Volkswagen and Chrysler are recalling about 745,000 cars in separate actions to fix problems related to passenger side air bags and possible fuel leaks, according to federal safety officials.