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...

  • Chevy Cobalt

    GM Recalls More Cars, Promises Intense Review

    By BEN KLAYMAN, Reuters

    General Motors Co announced new recalls of 1.5 million vehicles on Monday and in a virtually unprecedented public admission by a GM chief executive, Mary Barra acknowledged the company fell short in...

  • Tesla’s Next Big Battleground: New York

    By Jeff Morganteen, CNBC

    If car dealerships have their way, New York could become the fourth state to effectively ban Tesla 's direct sales model. The president of the Greater New York Automobile Dealers Association told the...

  • Saturn Sky (2007)

    GM Faces New Pressure from Outraged Consumers

    By Eric Beech, Reuters

    As details emerge about how General Motors Co dealt with faulty ignition switches in some of its models, car owners are increasingly angry after learning that the automaker knowingly allowed them to...

  • GM’s Mounting Killer Car Problem

    By Eric Pianin

    General Motors, which survived the Great Recession with the help of a government bailout, is back on the hot seat after belatedly announcing a massive recall of cars with faulty ignition systems that...

  • Millennials Choose Public Transit Over Private Cars

    By Timothy R. Homan, The Fiscal Times

    Americans took more rides on public transportation systems last year – the most since 1956 – and experts say that millennials played a big role in that increase as more young people move to cities.