cash for clunkers

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 Execs Upbeat Despite Weak August Sales

GM reported Wednesday that sales fell 25% in August as the U.S. economic recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead.

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.

Despite a Cooler Economy, Auto Sales Warm Up

Among domestic makes, Ford Motor, General Motors and Chrysler Group all reported total increases in the single digits, but Japanese giants Toyota and Honda slipped. Beyond those, carmakers in Asia and Europe pretty much all had a solid month.

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.

Is 'Cash for Clunkers' Gearing Up Again?

At the auto show in Detroit, U.S. Secretary of Transportation Ray LaHood "Cash for Clunkers" as "the most wildly successful program ever." The remarks suggest the guzzler trade-in program may not have driven into the sunset. But with a majority of Americans opposing it, a retread may not be the best idea.

Retail sales creep up in October

Retail sales keep creeping upward toward the holiday season. Numbers just released by the federal government show most retail segments had higher...

Cash For Clunkers helped sell Hummers

The Transportation Department has released sales figures for Cash For Clunkers, one of the greatest frauds of the past few months, and the results...

Government considers 'clunker' IOUs

The "cash for clunkers" program has been a great success -- too successful, in fact. Some auto dealers are nearly out of cars. That poses a problem...