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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: auto industry

auto industry stories: 496 news summaries

121 - 140 of 496 Stories | << Prev 1 ... 3 4 5 6 7 8 9 10 11 ... 25 Next >>

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 UAW to Own 55% of Chrysler 


Apr 28, 09 8:07 AM CDT
(Newser) - The United Auto Workers are about to own Chrysler. In exchange for a variety of concessions, the union will eventually get a 55% majority share in the automaker, according to a summary of the restructuring deal, which was sent to union leaders late last night and reviewed by the More »

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Chrysler • United Auto Workers • Cerberus Capital Management • Daimler • auto industry • Fiat

AUTO REVIEW

 Honda Ready to 
 Take On the Prius 

Insight cheaper, simpler than Toyota's hybrid king

Apr 28, 09 7:31 AM CDT
(Newser) - Honda is rolling out a fresh—and worthy—competitor to Toyota’s Prius, king of the hybrid market, writes Joseph P. White in the Wall Street Journal. The 2010 Insight will sell for just under $20,000, some $2,000 less than the most popular Prius model, and gets “... More »

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Toyota • Honda • Toyota Prius • auto industry • hybrid car • cars • Honda Insight • mileage

OPINION

 Pontiac Dies, 
 But Its Greats Live On 


Apr 27, 09 3:57 PM CDT
(Newser) - As General Motors' Pontiac line is phased out, Ben Wojdyla, on Jalopnik, remembers the truly great cars that bore the mark. If you've got one, keep your garage clean and await a payday.
  • 2009 G8 GXP: "GM should be saved for no other reason than to put
... More »

MORE ABOUT:
General Motors • Detroit • recession • Pontiac • auto industry • cars

 US Lends GM Another $2B  

Funds mean firm can keep working towards restructuring deadline

Apr 24, 09 2:03 PM CDT
(Newser) - The Obama administration provided General Motors with another $2 billion in low-cost federal loans today, MarketWatch reports. The funds are intended to keep the company operating as it attempts to restructure ahead of a June 1 deadline. GM has so far received $15.4 billion in loans from the government.... More »

MORE ABOUT:
Barack Obama • bankruptcy • General Motors • automaker • auto industry • Obama administration

(Newser) - Chrysler isn’t facing imminent bankruptcy, its vice chairman told the automaker’s dealers today. “Nothing has changed,” Jim Press said on a conference call, three participants tell the Wall Street Journal. Chrysler still plans to restructure outside of bankruptcy and cut a deal with Fiat. But Press... More »

MORE ABOUT:
Chrysler • bankruptcy • Jim Press • auto industry • Fiat • auto bailout

Fiat Exec Would Gut
Chrysler to Save It

Marchionne has succeeded in fighting corporate bloat before

Apr 24, 09 10:38 AM CDT
(Newser) - It may seem awfully cocky of Fiat chief Sergio Marchionne to assume that he can save Chrysler, generally written off in the industry as a lost cause. But there’s a reason Marchionne is optimistic, notes the Economist: He’s done it before. When he took over Fiat in 2004,... More »

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Chrysler • auto industry • Big Three • Fiat • Sergio Marchionne

Industry Muffled Own Scientists on Warming

Coal, oil, companies suppressed experts' findings for years

Apr 24, 09 7:27 AM CDT
(Newser) - A coalition of industries linked to fossil fuels lobbied for more than a decade to cast doubt on global warming—while the companies' own scientists advised them that climate change was irrefutable, the New York Times reports. The Global Climate Coalition, financed by the oil, coal, and auto industries, conducted... More »

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climate change • environment • global warming • Intergovernmental Panel on Climate Change • coal • Kyoto Protocol • auto industry • carbon emissions • oil industry

Q1 RESULTS

Ford Loses Just $1.4B,
Turns Down Treasury Money

Automaker burns through cash but remains healthier than rivals

Apr 24, 09 6:49 AM CDT
(Newser) - Ford announced today a loss of $1.4 billion for the first three months of 2009—its worst Q1 result in 17 years, but nevertheless one that beat expectations, Bloomberg reports. The automaker said it expected to break even or possibly turn a profit in 2011, and it would not... More »

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Ford • auto industry • quarterly reports • losses • first quarter earnings • automobile • Ford Motor Co.

(Newser) - Fiat is bound and determined to join the big boys of the auto world, and it's using ailing US companies to gain a foothold. The Italian automaker has begun surprise talks with General Motors to buy a stake in GM's Opel division and expand its presence in Europe and Latin... More »

MORE ABOUT:
Chrysler • General Motors • Detroit • merger • auto industry • Fiat

(Newser) - Chrysler is preparing to file for bankruptcy as early as next week, the New York Times reports. The best-case scenario for survival: Chrysler will strike a deal with its lenders, file for bankruptcy protection to shed liabilities, then merge its strongest assets with Fiat. If those deals fall through, the... More »

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Chrysler • United Auto Workers • bankruptcy • auto industry • Federal government • Fiat • Obama administration • UAW

 Treasury Ups Offer 
 to Chrysler Lenders 

Treasury blinks in standoff that will determine auto maker's future

Apr 23, 09 1:58 AM CDT
(Newser) - The Treasury Department is offering banks holding Chrysler's debt a better deal in the latest round of the back-and-forth over the automaker's future, the Wall Street Journal reports. The counter offer—still way short of what the banks seek—proposes to give lenders 22% of the $6.9 billion Chrysler... More »

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Chrysler • Citigroup • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

(Newser) - General Motors plans to shut most of its US factories for 9 weeks this summer, the AP reports. The shutdown will include the normal 2-week stoppage in July to gear up for new models, two sources said, blaming the move on slumping sales and rising inventories. GM, which has received... More »

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General Motors • Detroit • manufacturing • auto industry • factories

Banks, Treasury Play
Chicken on Chrysler Deal

Alternate headline: Banks, Treasury Play Chicken on Chrysler Deal

Apr 22, 09 7:46 AM CDT
(Newser) - A group of big banks balked at the Treasury’s proposal that they slash 85% of Chrysler’s debt, the government’s second such request. Instead, in what the Wall Street Journal calls a “significant act of brinkmanship” as an April 30 deadline looms, the banks, including bailout... More »

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Chrysler • Citigroup • bankruptcy • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

Chrysler Gets New Aid, but End May Loom

Treasury pushes automaker toward Fiat deal or liquidation

Apr 21, 09 7:19 AM CDT
(Newser) - The Obama administration has given a further $500 million to keep Chrysler afloat, but Washington signaled yesterday it increasingly believes Chrysler will not survive as an independent company. Treasury officials met yesterday with CEO Robert Nardelli, as well as the heads of the United Auto Workers and Italian automaker Fiat.... More »

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Chrysler • General Motors • Treasury Department • auto industry • Fiat • Obama administration • auto bailout

OPINION

 Five '70s Cars That Plain Suck 


Apr 19, 09 1:06 PM CDT
(Newser) - The 1970s was "a decade of excess mediocrity in so many quarters it's hard to catalog it all," Tony Borroz writes in Wired. But you can start with the cars. Here follow five total flops.
  • Ford Mustang Cobra II: "An over-glorified Pinto" that made a
... More »

MORE ABOUT:
Chrysler • Ford • AMC • Chevrolet • auto industry • Mercury • 1970s • cars

Bailed-Out Banks Don't
Want to Bail Out Chrysler

Lawmakers say rescued banks should cooperate in auto rescue plan

Apr 17, 09 7:44 AM CDT
(Newser) - Auto task force Steven Rattner's request that four big banks write off their $7 billion debt to Chrysler in return for nothing met with a big no from dropped jaws, reports the Washington Post. JPMorgan Chase, Morgan Stanley, Citigroup, and Goldman Sachs are seeking a better deal, but critics argue... More »

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Chrysler • Citigroup • Goldman Sachs • Morgan Stanley • auto industry • bailout • JPMorgan Chase • Wall Street bailout • auto bailout • Steven Rattner

 Okla. Private Equity Firm  
 Bids for Saturn Brand 

Potential suitor pledges to keep brand alive after it leaves GM

Apr 16, 09 6:24 AM CDT
(Newser) - A private equity firm is making a bid to buy General Motors' Saturn brand, the Los Angeles Times reports. The Oklahoma company, Black Oak Partners—which says it has gone public in the hopes of stopping dealers from abandoning the brand—is the first known suitor for any of the... More »

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General Motors • Saturn • auto industry

Models—Human and Auto— Take Bailout Flak at Car Show

Models take the flak for GM, Chrysler missteps

Apr 14, 09 9:10 AM CDT
(Newser) - Crowds hostile about the state of America’s auto industry have made presenting at auto shows a much trickier job than it used to be, the New York Times reports. The eye-candy models at scaled-back exhibits from General Motors and Chrysler are fielding questions during the ongoing New York event... More »

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Chrysler • General Motors • auto industry • hecklers • auto show • auto bailout

 Feds May Trade Debt for Stake in 'New' GM

Insiders say government planning to trade some of $13.4B loan for equity

Apr 14, 09 5:35 AM CDT
(Newser) - The Obama administration is considering trading some of GM’s $13.4 billion government debt for equity in the streamlined, post-restructuring version of the automaker, Bloomberg reports. Insiders say the move, which would be accompanied by an offer to bondholders of equity in the new entity, is part of a... More »

MORE ABOUT:
bankruptcy • General Motors • nationalization • auto industry • Obama administration • auto bailout

Feds Put the Squeeze on Auto Creditors

Billions of dollars in concessions sought from banks, bondholders

Apr 10, 09 6:14 AM CDT
(Newser) - The government is pushing hard to wring billions of dollars in concessions from the creditors of General Motors and Chrysler, the Wall Street Journal reports. Insiders say Treasury has pushed GM to offer bondholders only stock in return for debt after it judged as too generous a deal involving stock,... More »

MORE ABOUT:
Chrysler • bankruptcy • General Motors • bonds • auto industry • Obama administration • auto bailout

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