Benjamin Reeves

  • Saab Sold For One-Third Of What GM Valued It AtSaab Sold For One-Third Of What GM Valued It At

    June 07 2012 1:35 PM

    Sino-Japanese joint venture National Electric Vehicle Sweden AB (NEVS) has paid a paltry 1.5 billion to 1.8 billion kronor ($210 to $250 million) for defunct Swedish carmaker Saab Automobile AB.

  • Win On Sunday, Sell On Monday: The Theory Behind NASCAR's Big Racecar Redesign [PHOTOS]

    June 07 2012 6:48 AM

    NASCAR fans are car fans, and the racing league and manufacturers like Toyota that compete in the Spring Cup Series are betting that some design tweaks can energize that fandom as well as dealership sales.

  • Kia Recalls 73,000 Rio Sedans For Airbag Defect

    June 05 2012 5:46 PM

    Kia Motors Corporation (Seoul: 000270) is recalling 72,568 model year 2006 to 2008 Kia Rio cars due to a defect which can cause deployment of airbags when children are in the passenger seat during a crash, according to the National Highway Traffic Safety Administration (NHTSA), Tuesday.

  • See How the Piaggio Aero P180 Avanti II's Cabin Size Measures Up

    June 05 2012 4:10 PM

    One of the main selling points of the Piaggio Aero Avanti II private plane is the relatively massive cabin size. If you're in the market for a private plane, you probably want comfort, and that probably means the ability to sit and stand without feeling crunched. Piaggio says the Avanti II is the perfect plane for this, but how do some of the other competitors stack up?

  • Piaggio Aero P180 Avanti II: Too Much Private Plane Or Just Right?

    June 04 2012 8:32 PM

    The P180 Avanti II is striking. Even stationary on the tarmac, the plane from Italian aerospace company Piaggio Aero looks like it will rise into the air with the slightest breath of breeze, a magnificent Roc ready to take to the skies and transport its travelers to wondrous lands, or the Essex County Airport in Caldwell, New Jersey, in other circumstances.

  • GM and Ford Pension Buyouts: Should You Take A Lump-sum Pension Buyout?GM and Ford Pension Buyouts: Should You Take A Lump-sum Pension Buyout?

    June 04 2012 12:11 PM

    Last week thousands of retirees were suddenly faced by what for many would be the largest financial decision of their lives when both Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) announced they would launch immense pension buyout plans unprecedented in the United States.

  • Ford Considering 'Indigenous Brands' In ChinaFord Considering 'Indigenous Brands' In China

    June 04 2012 11:37 AM

    Ford Motor Company (NYSE: F) is considering launching local China-only brands as it continues to try and bolster its own brand in the largest global auto market, according to Reuters Monday.

  • American Honda Sales In US Skyrocket 47.6 Percent In MayAmerican Honda Sales In US Skyrocket 47.6 Percent In May

    June 01 2012 6:16 PM

    U.S. car sales soared 47.6 percent for the American Honda unit of Honda Motor Co. Ltd. (NYSE: HMC) in May, as the Japanese automaker consummated its recovery from last year's triple disaster (earthquake, tsunami, and nuclear meltdowns), with strong sales of its flagship Civic and Accord cars.

  • Mazda U.S. Sales Tepid in May

    June 01 2012 3:57 PM

    Mazda Motor Corporation (Tokyo: 7261) struggled in May posting U.S. sales growth of just 5.4 percent on a daily selling rate adjusted basis, however, the company's sales for the year to date remain strong compared to last year, up an adjusted 19.3 percent.

  • VW's May US Sales Gain 28%VW's May US Sales Gain 28%

    June 01 2012 3:18 PM

    Volkswagen AG (Frankfurt: VOW) U.S. sales grew 28.4 percent in May, the company's best May since its heyday as a 70s era-icon.

  • Nissan U.S. Sales Increase 21 Percent In MayNissan U.S. Sales Increase 21 Percent In May

    June 01 2012 2:44 PM

    May U.S. car sales increased 20.5 percent for Nissan Motor Company Ltd. (Tokyo: 7201) on strong demand for the Altima, as the company continues to push out remaining inventory in advance of the launch of the 2013 model in June, demand remained high for fuel-efficient models and moderating gas prices drew some consumers back to trucks.

  • General Motors Launches $26 Billion Pension Buyout

    June 01 2012 2:42 PM

    General Motors Company (NYSE: GM) will provide certain salaried retirees with a lump-sum pension payment offer in lieu of normal monthly pension payments, a move which is expected to reduce the pension obligation of the nation's largest automaker by $26 billion, the company announced Friday.

  • Ford Sales Up 13% In May On Fuel-Efficient Car, Truck DemandFord Sales Up 13% In May On Fuel-Efficient Car, Truck Demand

    June 01 2012 11:52 AM

    Continued strong car sales were joined by a surge in truck and SUV demand to drive a 12.6 percent growth in May U.S. sales for Ford Motor Company (NYSE: F), which cited demand for fuel efficient vehicles as a primary driver of growth.

  • General Motors May Car Sales Modest, Predicts Return to Prerecession Sales Levels

    June 01 2012 11:35 AM

    General Motors Company (NYSE: GM) experienced modest U.S. sales gains of 10.9 percent in May with sales of 245,256 vehicles, the highest monthly volume for the company since August 2009.

  • Toyota's May Car Sales Surge 73%

    June 01 2012 11:30 AM

    Toyota Motor Corporation (NYSE: TM) enjoyed bumper sales in May which the company said rose 72.9 percent in a preview announcement Friday morning.

  • May US Car Sales: American Automakers Gain, GM Predicts Return to Prerecession Levels, Toyota SurgesMay US Car Sales: American Automakers Gain, GM Predicts Return to Prerecession Levels, Toyota Surges

    June 01 2012 9:39 AM

    Sales grew across the board in May for U.S. automakers with Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), leading the way in growth and General Motors Company (NYSE: GM) leading in volume, while Ford's car and truck sales remained strong on demand for fuel-efficient vehicles. The Asian carmakers also reported U.S. sales on Friday with Toyota Motor Corporation (NYSE: TM) enjoying bumper growth of 73 percent.

  • Chrysler Sales Surge in May On Demand For Flagship Sedans, Jeep BrandChrysler Sales Surge in May On Demand For Flagship Sedans, Jeep Brand

    June 01 2012 9:20 AM

    Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), reported May U.S. auto sales up 30 percent, the best showing for the month in five years and the 26th consecutive month of year-over-year sales gains for the revivified company.

  • Disney Appoints Alan Horn Chairman Of Disney StudiosDisney Appoints Alan Horn Chairman Of Disney Studios

    May 31 2012 4:10 PM

    The Walt Disney Co. (NYSE: DIS) appointed Alan Horn as chairman of Disney Studios, replacing former chairman Rich Ross, who was forced out of the role in April, the company announced Thursday.

  • General Motors, Seeking China Sales, Ditches NFL for Soccer and Manchester United

    May 31 2012 4:03 PM

    After ditching Super Bowl ads, General Motors Co. (NYSE: GM) pivoted away from the NFL and instead entered into a five-year advertising partnership for its Chevrolet brand with the popular British soccer team Manchester United, a move meant to bolster the brand's global awareness, the company announced Thursday.

  • Ford Launches Major Pension Buyout Plan

    May 31 2012 10:37 AM

    Ford Motor Company (NYSE: F) will offer a pension buyout to 98,000 retirees and former employees of the nation's second biggest car company, Reuters reported Thursday.