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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. 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.
Volkswagen Unveils New U.S.-Made Passat Midsize Sedan
Taking the name of VW's existing midsize entry, the new Passat is more than just a fresh design. The vehicle brings with it a commitment by the German automaker to resume building cars in the U.S. for the first time in decades, at its new $1 billion in Tennessee.
Upbeat Consumers Push Auto Sales Higher
The nation's automakers ended 2010 strong, 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.
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.
Europe's Woes Could Slow the Global Auto Industry
Europe's floundering economy could hurt car sales at Ford and other automakers, worries Bill Ford, executive chairman of Ford Motor.
BMW's Sales Speed Past Its German Rivals' in November
BMW saw its sales jump 20% in November, driven by growth in Germany, China and the U.S. The German automaker sold more cars than the Mercedes-Benz or Audi brands. Its sales growth for the year so far also is outpacing that of its rivals.
Banks Make GM IPO the Largest Ever
The General Motors IPO is now the largest ever, following the expansion of the offering by the underwriters.
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.
Buffett's China Car Project Drives Into Trouble
Profit tumbled 99% at BYD, a Chinese auto company that makes electric cars. Warren Buffett's Berkshire Hathaway holds a 10% stake in the company.
September Auto Sales: Don't Expect Much Sizzle
Demand for new cars and trucks should be better than it was a year ago. But expectations now are for lower sales than in August, itself unimpressive. That would leave autos stuck in a four-month-long rut.
GM's Market Share Hovers Near Record Low
General Motors' share of the U.S. automobile market is expected to slip to 18% in September, the third lowest ever recorded by the Detroit automaker.
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.
After Strong Start, U.S. Auto Sales Slow in September
U.S. auto sales started off strong over the Labor Day holiday weekend, but have since dropped significantly, according to analysis by car-buying guide Edmunds.com.
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 weak 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 as increased automaker incentives lured bargain-hunters.
Honda Faces New China Strike and Market Share Threat
Honda Motor was hit by a second strike in China on Monday, coming close on the heels of an earlier strike at a different Honda factory that just ended last week.
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 and General Motors reported higher sales in January, with Ford fleet sales surging 154%. Detroit's gains came as consumers avoided the showrooms of the largest Japanese competitor, Toyota, which is mired in massive recall involving millions of vehicles.
