Auto loan delinquencies hit 10-year high
A further sign of the weak economy, auto loans at least two months delinquent hit a 10-year high in January, Fitch Ratings said today, signaling the continued spread of consumer … Read More
An Inside Look at Motorsports
A further sign of the weak economy, auto loans at least two months delinquent hit a 10-year high in January, Fitch Ratings said today, signaling the continued spread of consumer … Read More
The president of Shell Oil Co. said today that Americans were unlikely to give up their SUVs, despite a new law requiring automakers to boost the fuel efficiency of the … Read More
Corvette 427 Limited Edition Z06 DETROIT – Chevrolet announced the 2008 Corvette 427 Limited Edition Z06, a limited-production model that pays homage to the big-block Stingray models of the mid-1960s. … Read More
Click image to watch video While concept cars are known to contain state-of-the-art technology and look stylish, automakers say they provide an even greater purpose – to create buzz. Concept … Read More
Subaru Legacy 3.0 R Subaru has come a long way. That’s what I keep saying to myself as I take a look around at the latest Subaru Legacy 3.0 R … Read More
General Motors Corp. (NYSE: GM) and the United Auto Workers (UAW) union have reached an agreement on a comprehensive special attrition program that will be offered to all of GM's … Read More
General Motors Corp. today announced a 2007 calendar-year adjusted net loss, excluding special items, of $23 million, or $.04 per diluted share. This compares to adjusted net income of $2.2 … Read More
Sales for top-4 cars sold in USA On a crisp day in November, six consumers selected for test drives spent several hours at a raceway near Los Angeles driving three … Read More
The government is investigating reports of engine fires in General Motors' full-size sport-utility vehicles. The National Highway Traffic Safety Administration said in a posting on its Web site that it … Read More
After shrinking their U.S. manufacturing operations, Detroit's automakers are scaling back their big dealer networks to bring them in line with the domestics' falling share of the U.S. auto market. … Read More
Chrysler LLC President Jim Press said today that the automaker hasn't laid out specific plants to cut models or dealerships. However, he said, a major product overhaul is on the … Read More
Detroit's automakers didn't get much help from the federal government when they visited the White House, but that hasn't stopped a pair of LA-area car dealerships from receiving federal funding. … Read More
UPDATE #2 Plastech Engineered Products Inc. reached an agreement with creditors and key customers Wednesday that will allow it to keep its plants open at least through Monday, but Chrysler … Read More
General Motors Corp. is offering cash incentives of as much as $6,500 on 2007 and 2008 large pickups this month to clear slower-selling older models from dealer lots. The rebates … Read More
Cosworth has been awarded a major contract by Rolls-Royce to supply components for the Deltic engine used by the Royal Navy. The contract includes engineering services and manufacture of engine … Read More
GMAC Financial Services said today it swung to a loss during the fourth quarter as homeowners struggled to keep up with mortgage payments. GMAC Financial Services lost $724 million in … Read More
DAYTON, Ohio – General Motors Corp. (GM) announced today an investment of $69 million in its DMAX plant in Moraine to manufacture a new Duramax 6.6-liter V-8 turbo diesel engine … Read More
UPDATE General Motors Corp. today said its January U.S. sales rose 2.1 percent compared to a year ago, fueled by strong demand in its retail segment as consumers snapped up … Read More
Lexus RX400h Toyota’s hybrid system that comes in the Prius has become very popular. You know about that already because you see so many of them on your way to … Read More
Ford Motor Co. will sharply increase incentive spending this year to counter aggressive pricing by competitors and ensure that demand for older vehicles like the Ford F-150 and Mercury Milan … Read More
Chrysler LLC plans to lay off 119 salaried UAW design workers today at the technology center in Auburn Hills and at the Plymouth Road Office Complex in Detroit. This is … Read More
Isuzu Motors America said on Wednesday that it will stop selling vehicles in the U.S. market. The decision is effective as of Thursday, Jan. 31, the company said in a … Read More
Automaker BMW AG said Wednesday 2007 sales soared more than 14% as buyers clamored for its mix of BMW sedans, sporty Mini and luxury Rolls-Royce cars and said it was … Read More
Honda, Japan’s second-biggest automaker, reported a 38.1% jump in profit for the October-December quarter on Wednesday, thanks to booming sales in the U.S., Europe and Asia outside Japan. Honda, which … Read More
General Motors Corp. Vice Chairman and Chief Financial Officer Fritz Henderson said Tuesday that the automaker can't depend solely on emerging markets to achieve a financial turnaround: GM must fix … Read More