Tight money could send GM into bankruptcy
The head of the California Auto Dealer Association warned that as many as 40 percent of California consumers wouldn't qualify for an auto loan under new stricter guidelines announced by … Read More
An Inside Look at Motorsports
The head of the California Auto Dealer Association warned that as many as 40 percent of California consumers wouldn't qualify for an auto loan under new stricter guidelines announced by … Read More
General Motors Corp. has told local union officials at two factories that make its hotter-selling small and midsize cars that it will not allow any more unscheduled overtime, a move … Read More
In a few years time, your "All-American Jeep" maybe manufactured in India if Chrysler LLC gets its way and finishes a deal with Indian contract auto manufacturing firm, Argentum Motors. … Read More
It is no secret that insurance companies don’t like the people they cover to drive fast. So it shouldn’t be a surprise that the industry has been removing a policy … Read More
General Motors Corp. will lay off about 1,600 hourly workers at three assembly plants, citing the reduced demand for many products, the automaker announced today. The company notified the United … Read More
Akron-based Firestone name will disappear in January in many places, but the tire brand will live on as part of a major corporate restructuring for Bridgestone Group's North and South … Read More
At the Paris auto show this month, Chevrolet will unveil a new sedan called the Cruze, powered by a 1.4-liter turbocharged engine. Ford has been touting its upcoming EcoBoost technology … Read More
The turbulent financial markets are causing problems for the supercar companies such as Ferrari. According to reports in Australia, dealers are finding an increasing number of young executives trying to … Read More
Cerberus Capital Management LP began entertaining offers for Chrysler less than a year after acquiring the smallest and most vulnerable of Detroit's automakers. In recent months, as the industry's outlook … Read More
GMAC LLC, the consumer finance arm of General Motors Corp., will limit auto loans to customers with credit scores of at least 700, making it harder for some customers to … Read More
General Motors Corp. plans to close its Grand Rapids stamping plant by the end 2009, GM told workers today. The 73-year-old plant that stamps parts for SUVs is just the … Read More
The opening of trading this morning on the New York Stock Exchange will give investors a chance to put their money on what they think of the possibility of General … Read More
The global auto market may experience an "outright collapse" in 2009 amid growing concerns around credit availability of credit and general economic stress, an influential industry tracking firm said on … Read More
UPDATE General Motors Corp. said in a statement this morning that it is not considering bankruptcy (famous last words) even as its shares drop to historic lows and fears about … Read More
General Motors Corp. could announce more production cuts and plant closures later this month, a company source said this morning. The disclosure comes a day after the company's shares lost … Read More
Shares of Ford Motor Co. and General Motors Corp. continued their nosedive Wednesday, making it harder for those companies to raise cash and renewing concerns about the future of Detroit's … Read More
German carmaker BMW AG says worldwide sales fell nearly 15 percent in September as the global economic crisis pushed North America and western Europe to curb spending. The company said … Read More
General Motors Corp., trying a new tactic to stem its sales decline, is offering U.S. dealers a cash incentive of 1 percent on each 2009 vehicle they sell, according to … Read More
European automakers asked for $54.5 billion in government loans from the European Union this week, more than twice what Congress approved last week to help the U.S. auto industry. The … Read More
The nation’s economic crisis is hurting automotive dealers across the country and could contribute to an estimated 700 dealerships closing this year, National Automobile Dealers Association Chairwoman Annette Sykora said … Read More
General Motors Corp.'s European unit plans to reduce production by about 40,000 vehicles by the end of the year as credit-market turmoil causes a drop in car sales. The Adam … Read More
Fitch Ratings downgraded Ford Motor Co.'s credit rating deeper into junk status Monday as economic worries dragged down auto shares along with stock markets around the globe. The credit rating … Read More
In the future, you're going to hear much more about HCCI, or homogeneous charge compression ignition. Besides universities and national laboratories, virtually every major automaker is working on this promising … Read More
The 2009 S400 BlueHYBRID will be Mercedes-Benz’ first hybrid passenger car and also the first mass-production hybrid with a lithium-ion battery that’s been specially developed for automotive use. The S … Read More
General Motors says it will close its SUV plant in the Dayton suburb of Moraine on Dec. 23. Spokesman Chris Lee says the some 1,100 remaining workers were informed this … Read More