Auto sales plummet in September
The sales declines continued for automakers in September, with Ford Motor Co. leading the pack. Ford reported a sales drop of 34.6 percent in September, followed by Toyota Motor Corp., … Read More
An Inside Look at Motorsports
The sales declines continued for automakers in September, with Ford Motor Co. leading the pack. Ford reported a sales drop of 34.6 percent in September, followed by Toyota Motor Corp., … Read More
President Bush signed a $634 billion spending bill Tuesday that includes funding for $25 billion in low-cost government loans for the auto industry. The landmark loan program will allow automakers … Read More
Japan's fiscal first-half auto sales slumped to the lowest in 34 years as rising unemployment and decade-high inflation sapped demand for new vehicles. Sales in the six months through September … Read More
General Motors Corp. has temporarily suspended the sale of its common stock to employees in two internal stock purchase plans because of "recent unexpectedly high demand" for the stock at … Read More
U.S. new-vehicle dealership closures may rise as much as 40 percent this year as slumping sales and surging borrowing costs cut into profits, the National Automobile Dealers Association said today. … Read More
General Motors Corp. says it has notified several employment agencies that it intends to cut contract jobs as it continues to shrink its work force to match lower U.S. sales. … Read More
McLaren ‘722 S’ SLR Mercedes has confirmed that McLaren will build a special-edition ‘722 S’ version of the SLR roadster. Deliveries will start in January, and only 150 versions will … Read More
General Motors Corp. stock plunged to a 54-year-low Wednesday on the House vote to reject a $700 billion Wall Street bailout, while other auto sector stocks also were hammered. GM … Read More
Honda is reportedly working on hybrid motorcycles and is planning to launch them in the market by as early as 2010. The company is also planning to introduce smaller electric … Read More
NASCAR team owner Rick Hendrick, who also has 62 automotive dealerships spread across the United States, appears to be adding 13 more. Bill Heard Enterprises, one of the leading sellers … Read More
General Motors Corp. has reached agreement with U.S. regulators at a staff level that could result in the Chevrolet Volt range-extended electric vehicle receiving a 100-mile-per-gallon fuel economy rating, the … Read More
European Union legislators have rejected an attempt to delay planned limits on carbon dioxide emissions from cars. German and French politicians have led the campaign to put off the European … Read More
General Motors Corp. Chairman and CEO Rick Wagoner this morning announced the automaker will invest $370 million in a new manufacturing plant here that will produce a new 4-cylinder engine … Read More
GM will double its global production of small four-cylinder engines (1.0L to 1.4L) by 2011, with more than half of the increase coming in North America. The strategy is highlighted … Read More
Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan's three largest carmakers, cut global production last month as falling home values and gasoline near $4 a gallon crippled … Read More
One of the nation's largest car dealerships has closed sales operations, possibly forever. Bill Heard Enterprises Inc., which operates the Bill Heard Chevrolet dealership in Plant City, closed its sales … Read More
The U.S. House today approved $25 billion in loans for the troubled U.S. auto industry, as Michigan lawmakers hailed the plan as key toward saving thousands of jobs in the … Read More
Daimler AG, the world's second- largest maker of luxury cars, is in talks with buyout firm Cerberus Capital Management LP to sell its remaining stake in former U.S. arm Chrysler … Read More
General Motors Corp., struggling to stem more than three years of losses, said it plans to accelerate its $10 billion cost-cutting program and may sell a French parts plant. The … Read More
Chrysler LLC said today it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it … Read More
BMW has become the latest company to announce a dramatic decrease in sales in the U.S. market, with the company’s north American boss announcing that BMW USA has stopped shipment … Read More
The credit crisis pummeling Wall Street is going to make an already tough car market that much more challenging, said Jim Farley, head of sales and marketing for Ford Motor … Read More
General Motors Corp. shares fell 11.5% in Monday trading after analysts said the automaker's plan to draw the remaining $3.5 billion from a revolving credit line indicated it may be … Read More
UPDATE #3 This rumor is upgraded to 'strong' today. General Motors Corp., Ford Motor Co., Chrysler LLC and their suppliers would be able to borrow $25 billion from the U.S. … Read More
Ford Motor Co. Chairman William Clay Ford Jr. sold 1 million common shares for $5.05 million yesterday, according to a U.S. regulatory filing. Bill Ford, 51, sold the shares, at … Read More