Cars

Budget Battles

  • How Automakers Are Propping Up Used Car Prices

    By Nick Carey, Reuters

    Two lanes apart at a noisy, fast-paced auto auction near Detroit, two vehicles show why major U.S. automakers have a problem with used cars. In one lane of the Manheim auction facility, a black 2015...

  • FILE PHOTO -- A Tesla Model X is photographed alongside a Model S at a Tesla electric car dealership in Sydney

    In the Electric Car Market, Tesla's Not The Only Game in Town

    By Nick Cunningham, Oilprice.com

    Volvo became the first major auto company to announce the phase out of the internal-combustion engine from its lineup. The Chinese-owned Swedish car company announced on July 5 that every car it...

  • FILE PHOTO: Volvo logo is seen at the 2017 New York International Auto Show in New York

    Here’s the Strategy Behind Volvo’s Big Move Into Electric Cars

    By Niklas Pollard, Reuters

    All Volvo car models launched after 2019 will be electric or hybrids, making it the first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion...

  • An overall view of the assembly line where the BMW X4 is made at the BMW manufacturing plant in Spartanburg, South Carolina March 28, 2014. REUTERS/Chris Keane

    Bad News for Automakers: The Average US Household Can't Afford a New Car

    By Sarah O'Brien, CNBC

    As wages stagnate and the cost of living continues to rise, paying for a new car is a challenge for consumers, according to a new study. The report by Bankrate.com shows that in all but one of the 25...

  • Assembly workers work on the underside of 2015 Ford Mustang vehicles on the production line at the Ford Motor Flat Rock Assembly Plant in Flat Rock, Michigan, August 20, 2015. REUTERS/Rebecca Cook

    Why Your Next Ford Could Be Made in China

    By Paul Lienert and David Shepardson, Reuters

    Ford Motor Co ( F.N ) said Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.-China...

  • GM Bailout Cost the U.S. $11.2 Billion

    By Eric Beech, Reuters

    The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according...

  • Google Preps Self-Driving Cars for City Traffic

    By Alexei Oreskovic, Reuters

    Google Inc said it has begun testing its self-driving cars on city streets, a crucial new phase in its quest to eventually make the technology a standard feature in automobiles. After several years...

  • GM Ignition Switch

    Igniting a Battle That Could Bring Down General Motors

    By Supriya Kurane and Arnab Sen, Reuters

    General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that...

  • GM Risked Lives to Save 25 Cents Per Car

    By Eric Pianin

    Two highway safety advocates on Wednesday charged that General Motors in 2001 intentionally chose an inferior design for an ignition switch installed in Chevrolet Cobalts, Saturns and other compact...

  • GM's CEO Got An Email in 2011 About Steering Problems

    By Reuters Staff, Reuters

    A U.S. congressional committee on Friday said there were "failures within the system" over the handling of flawed ignition switches in General Motors Co vehicles, which have been linked to 13 deaths...