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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: auto industry

auto industry stories: 496 news summaries

141 - 160 of 496 Stories | << Prev 1 ... 4 5 6 7 8 9 10 11 12 ... 25 Next >>

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 China, Nissan Strike 
 Electric Car Deal 

Nissan will create fleet, charging station network in Wuhan

Apr 9, 09 8:20 AM CDT
(Newser) - China has tapped Nissan to set up an electric-car program in the city of Wuhan, relying on the automaker to set up a fleet of electric vehicles and charging stations, the Wall Street Journal reports. Beijing plans to produce 500,000 “new energy” vehicles by 2011, and recently selected... More »

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China • Nissan • electric cars • auto industry • hybrid car • automobile

(Newser) - In the latest demonstration of French employees refusing to take job losses sitting down, workers at a glue factory took 3 British execs and their French manager hostage last night, and released them today, the BBC reports. The “bossnappers” demanded a renegotiation of their severance package from Scapa, which... More »

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Segolene Royal • Nicolas Sarkozy • France • kidnapping • recession • adhesive • auto industry • labor relations • management • boss • severance pay

GM in 'Intense' Planning for Bankruptcy

Firm could be split
into 'old' and 'new' companies: insiders

Apr 7, 09 1:10 PM CDT
(Newser) - General Motors is making “intense” and “earnest” preparations for the possibility of bankruptcy, a source tells Reuters today. The firm could be divided into a “new” and “old” GM, another insider said: The new company would be home to the firm’s healthiest units and take... More »

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bankruptcy • General Motors • automaker • auto industry • Big Three

Media World Braced for Loss Of GM, Chrysler Ad Buys

A collapse in Detroit could cost media players billions

Apr 6, 09 9:34 AM CDT
(Newser) - As the situation in Detroit becomes increasingly perilous, media companies are anxiously waiting to see what happens to the vast marketing dollars—$3 billion in the US last year—General Motors and Chrysler previously poured into advertising. But while vastly decreased spending seems like a foregone conclusion, most media companies... More »

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Chrysler • marketing • General Motors • ad revenue • auto industry • advertising budgets • advertising sales • TV advertising

OPINION

 Obama Fakes 
 Center, Goes Liberal 


Apr 4, 09 6:36 PM CDT
(Newser) - If President Obama were a quarterback, he’d be a master of the fake, Fred Barnes writes in the Weekly Standard. Using “misdirection,” he markets “his product—the liberal agenda, plus a few add-ons—in a manner that disguises what he's really up to.” While... More »

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nationalization • recession • auto industry • financial sector • budget deficit • economic stimulus package • Obama administration • President Obama • Fred Barnes

'Car Bubble' Blows Up on Automakers

Sales were artificially high in boom years; rebound unlikely

Apr 3, 09 10:01 AM CDT
(Newser) - The housing boom brought a car bubble along for the ride, and now that one has burst, so has the other, reports the Washington Post. Thousands of cars are sitting on lots and likely to stay there. “You had a huge number of cars being sold," says Steven... More »

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Chrysler • Toyota • General Motors • Ford • auto industry • auto sales • housing bubble

 Sinking Car Sales May 
 Be on the Rebound 

Today's figures 'as low as it's going to get': analyst

Apr 1, 09 7:58 AM CDT
(Newser) - Figures to be released today are likely to show a third straight month of annualized new-car sales below 10 million, the Wall Street Journal reports—but there’s a chance those numbers have hit bottom. Considering the size of the American consumer market, today’s figure “is about as... More »

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auto industry • auto sales • cars • financial crisis • auto bailout

 Rival Bankruptcies 
 Spook Jealous Ford 

It's kinda jealous

Apr 1, 09 6:58 AM CDT
(Newser) - Ford Motor Co., the lone member of the “Big Three” not to accept government help, is suddenly looking across town with dread and a touch of jealousy, the Wall Street Journal reports. A bankruptcy at GM or Chrysler could wreak havoc on Ford’s supply chain, as shared... More »

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bankruptcy • Ford • Alan Mulally • auto industry • auto bailout • Ford Motor Co.

 New GM Boss: 
 Bankruptcy 
 'More Probable' 

Announces program to help unemployed car owners

Mar 31, 09 10:53 AM CDT
(Newser) - In his first press conference as CEO of foundering GM, Fritz Henderson today made it clear he wasn’t afraid to talk bankruptcy, saying it was now “more probable,” and that he might even decide to declare bankruptcy before his 60 days were up. “We will do... More »

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bankruptcy • General Motors • CEO • auto industry • Rick Wagoner • auto bailout • Frederick Henderson

Ford to Make
Car Payments for Buyers Who Lose Jobs

Firm will cover up to $700/month for a year

Mar 31, 09 10:00 AM CDT
(Newser) - With auto sales battered by the recession and tight credit, Ford is offering a payment protection plan to reassure consumers delaying buying new cars because of job-loss fears, the AP reports. The automaker will cover payments of up to $700 each month for up to a year on any new... More »

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General Motors • Ford • Hyundai • auto industry • auto sales • payments

Editorial Roundup

 Was Obama Tough Enough? 


Mar 31, 09 8:57 AM CDT
(Newser) - Barack Obama gave GM and Chrysler some tough love yesterday. Too tough, or too much love? Here’s what the papers are saying:
  • Obama “delivered a believable, sharp, and necessary ultimatum,” says the Washington Post. He rightly demanded union concessions, and put bankruptcy back on
... More »

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Barack Obama • Chrysler • bankruptcy • General Motors • auto industry • Obama administration • auto bailout

Auto Plan Drives GOP in Different Directions

Parochial concerns results in a less-than-unified response

Mar 31, 09 8:46 AM CDT
(Newser) - Republicans were caught off guard by Obama’s auto moves yesterday, and they responded in wildly different ways, Politico reports. Some complained the president hadn’t been hard enough on GM and Chrysler, while others groused that he’d been harder on them than he’d been on Wall Street.... More »

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Barack Obama • Republican • General Motors • Detroit • auto industry • Big Three • auto bailout

OPINION

GM Will Drive Obama Off Cliff: Brooks

Company can't be saved; political costs of bankruptcy are huge

Mar 31, 09 8:36 AM CDT
(Newser) - For decades, General Motors hasn’t been so much in the automaking business, David Brooks writes in the New York Times, as “in the restructuring business.” And for just as long, presidents have sought to push bankruptcy into the future. By getting serious, though, “the Obama administration... More »

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General Motors • restructuring • auto industry • David Brooks • President Obama

Obama's Auto Crackdown Worries Bailed-Out Banks

After Wagoner ousting, financials fear similar fate

Mar 31, 09 8:12 AM CDT
(Newser) - After the Obama administration kicked out GM’s boss and said two of the Big Three automakers may benefit from bankruptcy, CEOs of banks bailed out by the government are wondering if there's a bull's-eye on their backs, the Washington Post reports. The risk of such a crackdown has been... More »

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CEO • bank • auto industry • Big Three • Rick Wagoner • Vikram Pandit • bailout • Obama administration • auto bailout • Ken Lewis

OPINION

 Auto Intervention Puts 
 Obama on Risky Road 

Prez may end up taking the flak from restructuring's tough choices

Mar 31, 09 5:46 AM CDT
(Newser) - President Obama's intervention in the auto industry puts him on a risky road through uncharted territory, David E. Sanger writes in the New York Times. Making decisions for an industrial giant like GM is a totally different enterprise than stepping in with the likes of AIG, Sanger writes—especially when... More »

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General Motors • auto industry • Obama administration • President Obama • auto bailout

Analysis

 Wagoner: Optimist, 
 Survivor, Martyr? 

The long, unhappy reign of Rick Wagoner

Mar 30, 09 1:42 PM CDT
(Newser) - During Rick Wagoner’s 9-year stint at the wheel, GM lost its place as the world’s top automaker, cut tens of thousands of jobs, and saw shares fall from $70 to less than $3. But through it all Wagoner fended off all challengers—including the likes of Kirk Kerkorian—... More »

MORE ABOUT:
General Motors • CEO • auto industry • Rick Wagoner

(Newser) - GM and Chrysler got tough love from Barack Obama today, with the president declaring that they haven't made substantial enough changes to justify another federal bailout, and decrying the “failure of leadership” to come up with viable restructuring plans. Obama said the companies would have to regroup radically to... More »

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Barack Obama • Chrysler • General Motors • Detroit • auto industry • Obama administration • auto bailout

MARKET update

 Dow Drops Nearly 300 
 on Auto Bailout News 


Mar 30, 09 8:46 AM CDT
(Newser) - Stocks hit the brakes hard this morning, after the Obama administration’s auto task force panned GM and Chrysler’s proposed reconstruction plans. The Dow was down 298 points by late morning, while the S&P and Nasdaq had tumbled 59 and 31 points respectively. GM plummeted 25%, falling below... More »

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stock market • Dow Jones • General Motors • Nasdaq • Nikkei 225 Stock Average • auto industry • Bombay Sensex • S&P 500 • Hang Seng China Enterprises Index • auto bailout • auto task force

 Auto Team: Chrysler Needs 
 Bankruptcy, Fiat Deal 

Administration offers 30 days more working capital before aid dries up

Mar 30, 09 7:30 AM CDT
(Newser) - Chrysler cannot become viable on its own, says the White House's auto task force, recommending “quick and surgical” bankruptcy restructuring and the proposed Fiat partnership as the automaker's best shot at survival. The administration will provide Chrysler 30 days’ more working capital to finalize a deal, but the federal... More »

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Chrysler • automaker • auto industry • Fiat • Obama administration • financial crisis • auto bailout • auto task force

(Newser) - GM’s current restructuring plan isn’t going to cut the mustard, President Obama’s auto task force declared in its stinging assessment for the White House. The memo accuses GM of relying on rosy, unrealistic projections for sales, burning through too much cash, expecting too much from the rollout... More »

MORE ABOUT:
General Motors • auto industry • Rick Wagoner • Obama administration • auto bailout

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