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October 7, 2008 6:49:51 PM CDT

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Stories related to: auto industry

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Stories 61 - 80 of 146

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  • May 2008

    • Health Care Costs to US Manufacturers Skyrocket

      Los Angeles Times  |  May 7, 08 12:50 PM CDT

      Health Care Costs to US Manufacturers Skyrocket

      (Newser) - The cost of providing health insurance to US workers is rising so fast it can't be passed along either to workers or customers, a new study reported in the Los Angeles Times finds. Manufacturers now spend, on average, $2.38 per worker per hour—more than twice as much as their foreign competitors—adding about $1,500 to the price of a new car. More »

      Tags

      auto industry  • manufacturing  • health care costs  • health insurance costs

    • Small Cars Surge Amid Sky-High Gas Prices

      New York Times  |  May 2, 08 8:44 AM CDT

      Small Cars Surge Amid Sky-High Gas Prices

      (Newser) - Facing ballooning gas prices, many Americans are turning to smaller cars, with about one in five vehicles sold in April a compact or subcompact, the New York Times reports. That compares to one in eight 10 years ago. “It’s easily the most dramatic segment shift I have witnessed in the market in my 31 years here,” said Ford’s chief sales analyst. More »

      Tags

      auto industry  • car  • auto sales  • SUV  • vehicle  • subcompact

  • April 2008

    • Ford Surprises With $100M Q1 Profit

      Bloomberg  |  Apr 24, 08 7:28 AM CDT

      Ford Surprises With $100M Q1 Profit

      (Newser) - Ford today posted an unexpected first-quarter profit of $100 million, Bloomberg reports, the result of cost cutting in North America and strong overseas sales. Analysts had anticipated a loss on the order of last year's first-quarter drain of $282 million. The world’s third-largest automaker said its revenues increased 1.2% to $43.5 billion. It was only the second quarterly profit for the company in the past two years.  More »

      Tags

      auto industry  • Ford  • corporate earnings  • Alan Mulally

    • Toyota Overtakes GM in Q1

      Wall Street Journal  |  Apr 23, 08 1:29 PM CDT

      Toyota Overtakes GM in Q1

      (Newser) - GM’s vehicle sales fell 0.6% in the first quarter, helping Toyota, on 2.7% growth, take the global sales lead, the Wall Street Journal reports. Toyota sold 2.41 million vehicles worldwide to 2.25 million for the American giant, which was hurt badly by a 10.2% drop in US sales. GM blamed tough economic times, noting solid overseas figures nevertheless. More »

      Tags

      auto industry  • General Motors  • car  • Toyota  • auto sales  • first quarter earnings  • Japanese auto industry  • vehicle

    • More Cuts Planned as Ford Shifts Out of Reverse

      Wall Street Journal  |  Apr 23, 08 2:41 AM CDT

      More Cuts Planned as Ford Shifts Out of Reverse

      (Newser) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its Jaguar and Land Rover brands. Insiders say Volvo could be the next to go. More »

      Tags

      auto industry  • Ford  • US automakers  • Jaguar  • Volvo  • Land Rover  • Alan Mulally

    • Detroit Looks to Pump Up Exports

      Wall Street Journal  |  Apr 8, 08 12:47 PM CDT

      Detroit Looks to Pump Up Exports

      (Newser) - The dollar’s declining value, lower labor costs, and other terms of new UAW deals have US automakers looking overseas as they attempt to reclaim market share and profitability, reports the Wall Street Journal. About half of US vehicle exports in 2007, which totaled $50.66 billion, went to Canada and Mexico, and automakers now are looking to emerging markets in China and Latin America. The weak dollar "improves export competitiveness and potential profitability," says GM's president. More »

      Tags

      auto industry  • General Motors  • Ford  • Chrysler  • US exports  • Chevrolet

    • Roadblocks Zap Electric Carmakers' Momentum

      Los Angeles Times  |  Apr 6, 08 3:12 PM CDT

      Roadblocks Zap Electric Carmakers' Momentum

      (Newser) - The more than two dozen startups racing to produce viable electric cars face a bumpy road, the Los Angeles Times reports, as they navigate infighting, skyrocketing costs, and lack of mass-production know-how. Meanwhile, a successful car would face serious competition from several major automakers working on innovations of their own. "There are things that (little players) just can't do," says one analyst. More »

      Tags

      California  • lawsuit  • environment  • auto industry  • electric cars  • automaker  • Tesla

  • March 2008

    • Tata's Luxury Buys Tell World 'We're Here'

      BBC  |  Mar 26, 08 11:53 AM CDT

      Tata's Luxury Buys Tell World 'We're Here'

      (Newser) - Perhaps you’ve never heard of Tata, the Indian company that's the new owner of Jaguar and Land Rover—but it's already a $70 billion globe-straddling giant, the BBC reports, with major subsidiaries in a host of industries. Not content with dominating its fast-growing home market, Tata Motors sells cars in Africa, South America, and throughout Asia. More »

      Tags

      India  • auto industry  • Ford  • Jaguar  • Tata Motors  • Land Rover  • Tata Nano

    • Alfa Romeo Revs Up to US Market

      Los Angeles Times  |  Mar 15, 08 8:34 PM CDT

      Alfa Romeo Revs Up to US Market

      (Newser) - Italian automaker Alfa Romeo is ready for a second run at the US market, hoping to provide a stylish alternative to BMWs and Audis, the Los Angeles Times reports. A cultural icon in Italy, Alfa failed to win over Americans in the past—and is now sparking skepticism from auto experts. “Do we really need another marque?” asked one automotive writer. More »

      Tags

      auto industry  • BMW  • sports cars  • Fiat

    • Chrysler Will Shut Down for 2 Weeks

      Wall Street Journal  |  Mar 13, 08 1:32 PM CDT

      Chrysler Will Shut Down for 2 Weeks

      (Newser) - Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational lines and boost productivity,” says the memo, obtained by the Wall Street Journal . More »

      Tags

      auto industry  • car  • Chrysler  • manufacturing  • trucks  • Robert Nardelli  • closing

    • 11 Rides to Scratch Off Your List

      CNN  |  Mar 9, 08 3:02 PM CDT

      11 Rides to Scratch Off Your List

      (Newser) - Beauty may be in the eye of the beholder, but performance isn't. Here are the 11 vehicles Consumer Reports rates the worst in this year's testing: Jeep Wrangler Unlimited: Handles like a tank Hummer H3: Poor visibility, fuel economy Jeep Liberty Sport: Noisy, poor finish, fuel economy Chevrolet Aveo5: Sluggish, poor handling Dodge Nitro SLT: Poor ride, handling, fuel economy More »

      Tags

      list  • auto industry  • Mercury Grand Marquis  • Toyota Yaris

    • Porsche Speeds to $225B Euro Empire

      Financial Times (UK)  |  Mar 4, 08 2:43 AM CST

      Porsche Speeds to $225B Euro Empire

      (Newser) - The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said it would buy a controlling interest in Swedish truck company Scania. The combined $225 billion company would be the biggest car and truck firm in Europe. More »

      Tags

      auto industry  • Europe  • merger  • auto sales  • Volkswagen  • Porsche

    • US Car Sales Sink in Slow Economy

      Bloomberg  |  Mar 3, 08 9:45 PM CST

      US Car Sales Sink in Slow Economy

      (Newser) - A tumbling US economy hit Ford, General Motors, Chrysler, and Toyota today as all four posted declining sales for last month, Bloomberg reports. Chrysler fell 14% as Ford dropped nearly 7% and GM suffered almost a 20% drop in light truck sales. "Primarily it's driven by the weak economy,'' one analyst said. "It's been difficult for people to refinance and get credit.'' More »