Former General Motors chairman and CEO, Ed Whitacre, says that he found the company in a "general state of confusion" as it was about to emerge from bankruptcy. Whitacre also says morale was low when he assumed the top job at General Motors and that the government's bailout avoided a catastrophe.
Ford Motor Co. says it never approved the racy advertisement, which shows scantily clad women tied up in the trunk of a car and has apologized for the ads. The ads were never used commercially but appeared over the weekend on a website showcasing creative advertising.
Shares of BlackBerry, the company formerly known as Research In Motion, plunged after the lackluster U.S. launch of its new Z10 smartphone and the stock was downgraded by Goldman Sachs. Blackberry stock has been volatile over the last few weeks, and the new phone doesn't seem to be helping.
These days, lot of cars have cameras all around to use while you're driving but on the 2013 Accord, Honda has finally produced a camera you can use while you're driving down the highway. Honda has introduced the new Accord with the first-of-its-kind camera that allows drivers to check blind spots.
Federal Reserve chairman Ben Bernanke stayed cautious in his economic projections for 2013, though he showed a little optimism due to lower unemployment claims. Bernanke says unemployment will remain high into 2015, suggesting the Fed will keep short-term interest rates near record lows at least until then.
At the recent Geneva Auto Show, there were a lot of very high-end, expensive, luxury cars. But for some people, that's just not enough. When a buyer wants an upgraded high performance luxury car, they turn to tuner companies like Ruf, Hamman, and Gemballa to boost horsepower and change the car's appearance.
Reuters' Hayley Platt reports from a UK factory which has had to find new markets to thrive. Since the start of the financial crisis, exports have been crucial. They now account for 25 percent of francino's business, up from just 2 percent in 2008. But the Eurozone has been a struggle.
Today an alcohol breath tester in your car is a huge stigma, but a group is considering making them standard in all cars. A group called DADSS (Driver Alcohol Detection System for Safety), which is partly backed by the federal government, wants all drivers of the future to prove they are sober before getting behind the wheel. Cnet's Brian Cooley explains.
Entrepreneur Elon Musk is a man with many plans. The founder of PayPal, Tesla Motors, and SpaceX sits down with TED curator Chris Anderson to share details about his visionary projects, which include a mass-marketed electric car, a solar energy leasing company, and a fully reusable rocket.
Premium automotive brands appear to be the only ones doing well these days amid the turmoil in Europe's car market, says Reuters' Julian Satterthwaite. Bentley says it can post higher sales again this year, but a green light for the company's key SUV project remains elusive.
BMW Manufacturing has announced the successful expansion of the company's hydrogen fuel-cell material handling equipment across its 4.0 million square foot production facility. In 2010, BMW completed the installation of a hydrogen storage and distribution area near the plant's Energy Center to power about 100 pieces of fuel cell material handling equipment.
For the first time, the U.S. intelligence community says cyber attacks and cyber espionage—not terrorism—are the top threats to national security. Now the Pentagon is forming 13 teams to guard the nation in cyberspace. NBC’s Andrea Mitchell reports.
CBS News legal analyst Jack Ford speaks to the CBS This Morning co-hosts about Google's settlement in the Wi-Fi spying case, and what it means for the search-engine giant. A program gave Google the power to intercept emails, passwords, and other information through unsecured Wi-Fi networks.
The Dreamliner may still be grounded, but Boeing's stock has come roaring back lately as investors feel the worst is over. It's now outperforming the Dow. The FAA has given Boeing the go ahead on new solutions for the lithium battery issue, and that may be boosting investors' confidence in the company again.
The New Vista D90 is a technological marvel engineered to perfection. Take a look at the high-tech facilities in the Tata Motors Pune plant, which showcases the technological advancement employed to manufacture the Vista D90. Every stage of product evolution—design, development, manufacturing, assembly and quality control, is carried out meticulously.
A luxury mobile phone-maker has released the new Android-based smartphone Vertu Ti. Depending on the finishes, it can cost upwards of $10,000. CNN's Laurie Segall reports on what all goes into a $10,000 smartphone and why it is so expensive.
CNET's Antuan Goodwin previews the Toyota i-Road concept, which was featured at the 2013 Geneva Auto Show. The i-Road concept is a tandem two-seater that runs on electric power and uniquely maneuvers using all three of its wheels. For more information visit www.cnet.com.
We've already seen all kinds of 3D-printed items, from jewelry, to guitars, and even football cleats. Now, we might soon have an almost entirely 3D-printed car in the Urbee 2. The hybrid car, created by engineer Jim Kor, is designed to be light, cheap, easy to reproduce, and very efficient.
Graphene, a sheet of carbon that is a single atom thick, is being touted as the next 'it' material. Companies like Vorbeck Materials hope this thin, electrically conductive material can help cut lithium battery weight and recharge times.
Croatian engineering company Dok-Ing has announced plans to start serial production of its electric three-seat microcar. The company believes urban commuters will find the vehicle ideal for low-cost, environmentally-friendly motoring. Reuters' Jim Drury reports.