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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: auto industry

auto industry stories: 493 news summaries

61 - 80 of 493 Stories | << Prev 1 2 3 4 5 6 7 8 ... 25 Next >>

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 Done Deal: Fiat Buys 
 Chrysler Assets 

Administration triumphs as bankruptcy effectively ends

Jun 10, 09 10:31 AM CDT
(Newser) - Chrysler finalized its sale of assets to Fiat with a government wire transfer this morning that gave Chrysler $6.6 billion in funds to exit bankruptcy, the New York Times reports. The sale is good news for the Obama administration, which sought an “efficient” restructuring for Chrysler. It may... More »

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Chrysler • bankruptcy • General Motors • Detroit • automaker • auto industry • Big Three • wire transfer • Fiat • Obama administration

House OKs 'Cash for Clunkers' Bill

Rebates up to $4,500 would go to buyers of more efficient vehicles

Jun 10, 09 5:50 AM CDT
(Newser) - The House has passed legislation to give people who trade in gas-guzzling vehicles for more efficient new models rebates up to $4,500, the Detroit News reports. The $4 billion "cash-for-clunkers" bill, aimed at giving the auto industry a boost, passed 298-119, and its backers will now try to... More »

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fuel efficiency • House of Representatives • auto industry • vehicle • Cash for Clunkers

(AP) - The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal. The court late today rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. With the court's move, the deal can now... More »

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Chrysler • Detroit • mergers and acquisitions • auto industry • Fiat

(Newser) - Supreme Court Justice Ruth Bader Ginsburg today put a temporary stay on the sale of Chrysler to Italian automaker Fiat, SCOTUSBlog reports. Ginsburg’s motion allows the justices to further consider the matter, and either postpone the sale or let it go forward. A full postponement of the sale would... More »

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Chrysler • Ruth Bader Ginsburg • bankruptcy • mergers and acquisitions • auto industry • US Supreme Court • sale • Fiat

 As Dealers Dwindle, 
 Car Prices Set to Balloon 

Lack of competition expected to drive up GM, Chrysler's prices

Jun 8, 09 2:05 PM CDT
(Newser) - The shake-up of America's auto industry will mean fewer auto dealers but the streamlining won't be making the cars any cheaper, experts tell the Boston Globe. Chrysler and General Motors are likely to turn to the Japanese model of fewer brands and fewer dealers when they emerge from bankruptcy, and... More »

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Chrysler • General Motors • auto industry • car dealers • dealership

(AP) - Opponents of Chrysler's sale to Fiat are asking the Supreme Court to block the deal. Three Indiana state pension and construction funds filed emergency papers at the high court early today to put the sale on hold so they can pursue an appeal. The emergency request goes first to Justice... More »

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Chrysler • Detroit • merger • auto industry • US Supreme Court • Fiat

analysis

 Penske Can Make Saturn Work 


Jun 6, 09 3:36 PM CDT
(Newser) - Roger Penske could be just what the mechanic ordered for Saturn, analysts tell the Detroit News. By leaving the manufacturing work to others—initially GM and then, for a time, foreign automakers—Saturn's new buyer will be able to focus on sales and marketing and avoid the pitfalls GM... More »

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General Motors • mergers and acquisitions • Saturn • auto industry • Roger Penske

(Newser) - The Obama administration foisted the Fiat alliance on Chrysler, brushing aside its concerns about Fiat’s financial health and unwillingness to share technology, the Wall Street Journal reports. E-mails filed during Chrysler’s bankruptcy proceedings show Fiat ignoring requests for documents, reluctant to ante up funds, and... More »

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Chrysler • mergers and acquisitions • Robert Nardelli • Treasury Department • auto industry • Fiat

(Newser) - Roger Penske, the racecar driver turned business tycoon, will buy the Saturn brand and dealer network from GM. The deal will save 350-plus dealerships and some 13,000 jobs if it goes through, the bankrupt parent company said in confirming the tentative agreement. The price is between $100 million and... More »

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bankruptcy • General Motors • Saturn • auto industry • Big Three • Roger Penske

OPINION


 Make Romney 
 the Head of GM 

Former Mass. governor could turn around automaker, says Bennet

Jun 3, 09 7:40 AM CDT
(Newser) - Barack Obama wants to "take a hands-off approach" with General Motors, but as James Bennet writes in the Atlantic, there's no way to get the bankrupt automaker back into shape "without getting under the hood." GM needs someone who can "bring the hammer down" on its... More »

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Mitt Romney • Barack Obama • bankruptcy • General Motors • Detroit • automaker • auto industry

 US Automakers See 
 Sales Increase in May  

Ford, GM have best month of 2009

Jun 2, 09 4:46 PM CDT
(Newser) - Some actual good news for the auto industry: All three US automakers saw sales of new cars jump from April to May, reports the New York Times. Granted, sales are still way down compared to last year, but the month-to-month leap offers a glimmer of hope among the bankruptcy headlines.... More »

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

 GM Strikes Hummer Deal 

Buyer, price not disclosed

Jun 2, 09 7:21 AM CDT
(Newser) - General Motors has announced a "tentative" plan to sell its Hummer brand to a buyer who could take control by the end of the third quarter, says the Wall Street Journal. The firm didn’t say who was buying it or for how much, but noted that the purchaser... More »

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General Motors • acquisition • auto industry • alternative fuels • sale • Hummer

OPINION Roundup

 Bracing for 'Obama Motors' 


Jun 1, 09 10:59 AM CDT
(Newser) - GM’s bankruptcy and semi-nationalization has everyone talking. Here’s what the papers are saying:
  • “Welcome to Obama Motors, and what is likely to be a long, expensive, and unhappy exercise in political car making,” writes the Wall Street Journal. The government seems incapable of hands-off
... More »

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Barack Obama • bankruptcy • General Motors • nationalization • auto industry • Obama administration

(AP) - In the wake of this morning's bankruptcy filing, GM will permanently close nine more plants and idle three others to trim production and labor costs, the AP reports. Assembly plants in Pontiac, Mich., and Wilmington, Del., will close this year; plants in Spring Hill, Tenn., and Orion, Mich., will shut... More »

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Florida • Boston • bankruptcy • General Motors • Ohio • Michigan • Virginia • Tennessee • Delaware • auto industry • Big Three

 GM Declares Bankruptcy 

Obama plans speech outlining firm's future

Jun 1, 09 7:38 AM CDT
(Newser) - Once king of the auto industry, General Motors filed for bankruptcy this morning, the Wall Street Journal reports. The firm must cut some 21,000 workers and close 12 to 20 factories and 40% of dealerships, adds the New York Times. GM says it owes $172.8 billion and has... More »

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bankruptcy • General Motors • auto industry • Chapter 11

(Newser) - Hoping to profit from its rivals' pain, Ford will ramp up this year's third-quarter production 10% over last year's, in a bid to grab market share from GM and Chrysler as they recover from bankruptcy, the Wall Street Journal reports. It’ll be Ford’s first production bump in... More »

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bankruptcy • Ford • auto industry • pickup trucks • Ford Motor Co.

ANALYSIS

 General Motors: 
 How a Giant Fell 

After decades of dominance, automaker blamed others for downfall

Jun 1, 09 5:13 AM CDT
(Newser) - General Motors dominated the auto industry for much of the 20th century, and its downfall took place over decades. Many of the attributes GM once saw as strengths, from its rigid structure to its diverse range of vehicles, became liabilities as Japanese competitors sucked away even its most loyal customers,... More »

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bankruptcy • General Motors • Detroit • automaker • auto industry • Chapter 11

 Jobless Cling 
 to Their Faith 
 in Detroit 

Religions offer
comfort as jobless
face pain, hunger

May 31, 09 6:10 PM CDT
(Newser) - Thousands of Detroit's jobless are coping with fear and desperation by falling back on faith, the Detroit Free Press reports. Houses of worship are increasingly fielding calls from people seeking jobs, food, and housing—but above all, congregants say, they find comfort. "When the tension comes and the pressure... More »

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layoffs • Detroit • religion • God • church • faith • auto industry • economic crisis

(Newser) - As Detroit reels from the automotive crisis, a much-needed emotional uplift is coming from a dependable source: the Red Wings, currently in the Stanley Cup finals against the Pittsburgh Penguins. We “are one of the good stories that are coming out of Detroit right now,” a Red Wings... More »

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Pittsburgh Penguins • Detroit • Detroit Red Wings • hockey • recession • Stanley Cup • auto industry

(Newser) - General Motors will appoint Al Koch as chief restructuring officer when the company files for bankruptcy tomorrow at 8am, the Wall Street Journal reports. A managing director at an advisory firm, 67-year-old Koch has attended GM management meetings for months and helped negotiate pre-bankruptcy deals with shareholders and lenders. He... More »

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bankruptcy • General Motors • auto industry • Chapter 11

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