May Auto Sales Bolster U.S. Economy
Higher discounts at some automakers, rising pickup truck sales and increasing consumer confidence pushed up car sales in May, giving the overall economy a shot in the arm.
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Summer Turns Up the Heat on Deals for New Wheels
Summer can be a great time to land a great deal on a new car, and doing a bit of research before you hit the showroom floor can help make you a better negotiator.
Toyota's Comeback Gains Momentum
Toyota's quarterly profit more than doubled in its latest quarter as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback.
Subaru to Expand Indiana Factory, Add 900 Jobs
Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016.
GM Profit Hit by Lower North American Earnings
General Motors' net income fell 14 percent to $865 million in the first quarter, weighed down by losses in Europe and weaker earnings in North America.
GM Plans to Invest $332 Million in 4 U.S. Factories
General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions.
'Mad Money's' Jim Cramer Used to Live Out of His Car
"Rags to riches" tales are a dime a dozen in America, but we were genuinely surprised when Jim Cramer opened up about his brush with homelessness Tuesday. The former hedge fund manager and controversial CNBC host had just graduated from out of Harvard Law when he hit rock bottom.
A New Way to Help Drivers Find Better Leases?
While car buyers have been able to comparison shop online for years, drivers who want to lease their cars mainly have had to do their own legwork -- until now. LeaseTrader.com this week launched a new service to help them comparison shop for leases.
The 10 U.S. Cities Where Parking Is Most Expensive
City dwellers know that finding an affordable downtown parking spot involves cutthroat competition. And in some urban centers, even the winners pay through the nose for a place to stash their cars. Find out where the rates are worst (and the high price we all pay for "free" parking.)
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.
Can Pay-As-You-Go Auto Insurance Save You Money?
If you're driving less in this time of high gas prices, you might be eligible to pay less for auto insurance with a new crop of pay-as-you-go plans. But these per-mile policies come with some drawbacks as well, and certain habits -- like driving late at night -- could disqualify you.
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.
UAW Readies for Key Contract Talks
UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW is eager to win back some concessions.
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.
General Motors Recalls 10,000 Vehicles for Defroster Glitch
A software glitch in certain Buick Lacrosse sedans and Cadillac SRX crossovers could decrease a driver's visibility in fog or ice, prompting GM to recall 10,000 of the vehicles.
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.
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.
GM Plants Cancel More Shifts After Fire at Parts Supplier
Last week's fire at auto parts supplier Magna International continues to echo through General Motors' supply chain. The automaker shut down the Lordstown plant where it makes the Chevy Cruze for another day Monday. Five other GM plants have also seen shortened and canceled shifts.
Chrysler Recalls 250,000 Minivans, Crossovers to Fix Engine Stalling
Chrysler is recalling nearly half a million popular minivan and crossover models because the engines may unexpectedly turn off while driving, increasing the risk for a crash.
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
GM models sold smartly despite the steadily rising price of gas. GM says it sold 207,028 vehicles during the month. The increase was driven largely by a 70% jump in retail, or individual consumer, sales.
Asian Automakers Top Consumer Report's 'Best Value' List
Asian automakers have traditionally fared well in tests conducted by Consumer Reports magazine, and this year is no exception. Overall, eight Japanese and Korean models were named "best values" in their segments, the publication said Monday.