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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: auto industry

auto industry stories: 496 news summaries

481 - 496 of 496 Stories | << Prev 1 ... 21 22 23 24 25

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Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

Aug 2, 07 5:14 AM CDT
(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from... More »

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Chrysler • Toyota • General Motors • Detroit • Nissan • Ford • auto industry

GM’s Quarter Is Twice as Nice

Carmaker more than
doubles estimates, beats Toyota in sales for quarter

Jul 31, 07 10:02 AM CDT
(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous... More »

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Toyota • General Motors • business • money • Ford • auto industry

Ford Turns 1st Quarterly Profit in 2 Years

Automaker thumps expectations, moves into black for 2007

Jul 26, 07 11:48 AM CDT
(Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford... More »

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profits • automaker • Ford • Jaguar • Land Rover • Volvo • Alan Mulally • Aston Martin • auto industry • quarterly profits

UAW Gears Up for Contract Talks on Health Care

Current system must change as retirees outnumber active workers

Jul 19, 07 9:11 PM CDT
(Newser) - The United Automobile Workers Union starts high-stakes contract talks with Detroit automakers tomorrow, at a time when the union counts more retirees than active workers in its ranks—meaning higher health-care costs—and the American automotive industry is in dire financial straits. The talks are being called "the most... More »

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health care costs • health insurance • United Auto Workers • Detroit • unions • retirees • automaker • workers • auto industry

Chrysler Plunges Into China Trade

US auto giant plans to use tiny imports to battle Japanese manufacturers

Jul 4, 07 12:29 PM CDT
(Newser) - In a cost-cutting move, Chrysler will introduce cars produced by China's biggest automaker to the US market by late 2009. Chrysler and Chery staged a signing ceremony today in Beijing to allay fears about the American auto giant's new ownership not backing the deal, MarketWatch reports. The first vehicles will... More »

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Chrysler • merger • Chery • automaker • auto industry • cars

Japanese Foes Thump
Big 3 in June Sales

Figures spell especially big trouble for GM

Jul 3, 07 5:57 PM CDT
(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in... More »

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DaimlerChrysler • Toyota • General Motors • Honda • Nissan • Ford • US economy • auto industry • cars

Senate Passes Energy Bill

Vehicles must hit a green 35mpg
by 2020; Detroit seeing red

Jun 22, 07 5:00 AM CDT
(Newser) - The Senate gave a green light to an energy plan that would pump total fuel-economy standards to 35 mpg by 2020, and require vehicles to run on 85% ethanol by 2015. Democrats say the bill will reduce America's reliance on foreign oil, help control gas prices and counteract the effects... More »

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energy • global warming • ethanol • Senate • Detroit • Dianne Feinstein • House of Representatives • fuel • gas prices • auto industry

Smart Car Makes
a Little Noise

DaimlerChrysler subsidiary's pocket-size Fortwo revs up to enter US market

May 16, 07 1:12 PM CDT
(Newser) - Smart USA will venture into the American auto market early next year, but not in a big way: The Smart Fortwo is very, very small. LA Times auto columnist Dan Neil takes it for a spin and reports that it's a chick magnet and a lot of fun to drive,... More »

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DaimlerChrysler • Smart Fortwo • Smart USA • auto industry • hybrid car • cars

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope
for restructuring
labor costs

May 15, 07 7:41 AM CDT
(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Cerberus Capital Management • General Motors • Detroit • stocks • Ford • auto industry

"Vulture Fund" Behind Chrysler Deal

May 14, 07 10:49 PM CDT
(Newser) - Der Spiegel vivisects Cerberus, the private equity group that won Chrysler for a relative bargain today from German auto giant Daimler. Financier Stephen Feinberg's 15-year-old firm has $60 billion in assets, and specializes in companies on the brink of bankruptcy. The group avoids the spotlight, recruits former CEOs and politicians,... More »

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private equity • Chrysler • DaimlerChrysler • Cerberus Capital Management • Daimler • Stephen Feinberg • auto industry

Daimler to Unload Chrysler in $7.4B Deal

German firm keeps minority stake
in American auto giant

May 14, 07 7:34 AM CDT
(Newser) - DaimlerChrysler has sold a majority stake in the Chrysler Group to the American private-equity firm Cerberus for $7.4 billion, the auto giant announced today. The deal unhooks the money-losing American arm of the international conglomerate from its German partner, which will retain a 19.9% stake in Chrysler and... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Dieter Zetsche • Cerberus Capital Management • Daimler • auto industry • cars

Cerberus Close to Consuming Chrysler

Proving that three heads may be better than one

May 13, 07 10:10 PM CDT
(Newser) - Private equity firm Cerberus Capital Management is said to have cut a deal to buy Chrysler from DaimlerChrysler.  Cerberus has lots of experience in negotiating for assets in the auto industry, having led the buyout of auto parts maker Delphi, which has not yet closed and may yet fall... More »

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private equity • Chrysler • Delphi • DaimlerChrysler • Cerberus Capital Management • Magna International Inc. • acquisition • auto industry

In Detroit, Obama
Rocks Boat

Candidate criticizes auto industry, boosts alternative fuel, hybrids

May 8, 07 7:01 AM CDT
(Newser) - Barack Obama called out the U.S. auto industry yesterday in its own front yard, reports The Wall Street Journal. In a sold-out speech at the Detroit Economic Club, the Illinois senator blamed much of the industry's current problems on automakers, whom he criticized for making larger and larger vehicles... More »

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Barack Obama • Detroit • fuel efficiency • auto industry • Election 2008

Ford Turnaround Plan Pays Off

Apr 26, 07 10:59 AM CDT
(Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track. More »

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business • Ford • Jaguar • Land Rover • Volvo • auto industry • cars

Kerkorian Offers $4.5 Billion
For Chrysler

Dumped his shares last time around; now is ready with cash

Apr 5, 07 4:18 PM CDT
(Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it... More »

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Chrysler • United Auto Workers • Kirk Kerkorian • Tracinda • Daimler • business • DaimlerBenz • shares • auto industry • cars

Lexus Reaches for Luxury Cachet

Wealthy suburbanites' car of choice
gets high-end makeover

Mar 26, 07 11:23 AM CDT
(Newser) - Stodgy luxury standby Lexus is trying to trade up to the hot "prestige luxury" market with a new line of $70,000 and up automobiles.  Along with the new models comes a massive rebranding effort that aims, says a  marketing manager, to get "Louis Vuitton, Prada, Gucci... More »

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ultra rich • Lexus • Prada • Gucci • Louis Vuitton • vehicles • sports cars • luxury car • auto industry • cars

481 - 496 of 496 Stories | << Prev 1 ... 21 22 23 24 25


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