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Ford's Big Goal in 2011: Get out of junk status, lower loan rates

2010 was a banner year for Ford Motor Company. Market share and profits were as good as they've been in years, and there is genuine buzz surrounding the Blue Oval's cars and trucks. Heck, even Ford's stock has been a monumental success. But not all that glitters is gold, as Ford is still mired in junk bond status, which in turn makes it more expensive to borrow money. That makes it more pricey for Ford to offer incentives to customers, and lease terms

"Car Czar" Rattner settles with Cuomo over pension fund kickbacks

New York Attorney General Andrew Cuomo has announced that his office settled with former White House Task Force "Car Czar" Stephen L. Rattner for $10 million. The agreement comes following charges that Rattner engaged in a kickback scheme involving New York's pension funds while he was an executive wi

Used Car Prices Higher Than Ever

With used prices so high, does it make sense to buy new?

Bargain-hunters in the used vehicle market are in for a rude awakening: prices are now at historic highs after rising hundreds or even thousands of dollars a unit over the past few years.

Report: Johnson Controls buys Recaro

The automotive seat and specialty slice of Recaro officially has a new owner. Johnson Controls has snapped up Keiper Recaro Group – formerly owned by Putsch Gmbh & Co. KG – swallowing both the recliner manufacturer Keiper and the well-known automotive seat-maker Recaro in one fell swoop. In so doing, Johnson Controls is hoping to broaden Recaro's OEM applications, servi

How To Screw Up A Car Thief's Day

New Year's Day Is Most Active For Thieves

It takes less time for a professional thief to break into your car, start it up and drive away as it does for you to walk into 7-11, plunk down three bucks for a bagel and coffee and emerge to watch your ride recede into the distance. And don't presume your elderly clunker's immune; the most stolen vehicle of 2008, according to the National Insurance Crime Bureau, was the 1994 Honda Ac

Report: Honda owners' accounts hacked, millions of customers at risk

The Internet has indeed revolutionized the way people do business, but this doesn't come without some faults. Hackers pose a threat to not only individual people's computers, but to the databases of large corporations, and a recent attack on American Honda now means that 2.2 million owners have had their personal information stolen.

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