Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: auto industry

auto industry stories: 497 news summaries

161 - 180 of 497 Stories | << Prev 1 ... 5 6 7 8 9 10 11 12 13 ... 25 Next >>

Switch to grid view »

(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

(Newser) - German auto dealers are mulling a problem that their counterparts around the world would love to have: A crushing demand for new cars. New auto sales shot up 21% in February, and could go higher this month, the Christian Science Monitor reports, thanks to the government’s “scrapping... More »

MORE ABOUT:
Germany • auto industry

(Newser) - US fuel-economy standards are going up, an Obama administration official tells Bloomberg today. By 2011, new cars and light trucks will have to hit an average of 27.3 miles per gallon—30.2mpg for cars and 24.1 for light trucks and SUVs. Automakers have raised no objections—the... More »

MORE ABOUT:
fuel efficiency • auto industry • fuel economy standards • George W. Bush • Obama administration • President Obama

 India Rolls Out 
 World's Cheapest Car 

Tata Motors plans to take $2,000 car to Europe, US

Mar 24, 09 2:16 AM CDT
(Newser) - India's Tata Motors rolled out its $2000 Nano car yesterday, six months late but with grander plans than ever, reports the Los Angeles Times. The company aims to sell the vehicle—10 feet long and less than 5 feet wide—not only to India's emerging middle class, but to the... More »

MORE ABOUT:
India • auto industry • Tata Motors • Tata Nano • cars

 Sweden to Saab: Tough Luck 

The G.M.-owned Swedish automaker seeks a buyer to save itself

Mar 23, 09 8:34 AM CDT
(Newser) - As governments around the world have propped up their automobile companies, typically paternalistic Sweden has answered Saab’s plea for help with an unexpected reply: “No.” No bailout, no takeover. The town of Trollhattan in southwest Sweden now faces economic catastrophe akin to Detroit’s decline as its... More »

MORE ABOUT:
General Motors • unemployment • Sweden • auto industry • job • Saab • auto worker

(Newser) - Chrysler and GM could end up needing a “considerably higher” amount than the $21.6 billion so far requested, Bloomberg reports. Steven Rattner, who heads President Obama’s auto task force, said it's possible the request could go as high as $40 billion. He also said that Chrysler’s... More »

MORE ABOUT:
Chrysler • General Motors • Detroit • recession • Federal aid • auto industry • Obama administration • auto bailout • Steven Rattner • auto task force

(Newser) - Buick and Jaguar are the most dependable all-around car brands this year, the Detroit News reports. A study by JD Power and Associates looked at the average number of problems that crop up in 2006 models to make its estimation, which could be more influential as the recession has drivers... More »

MORE ABOUT:
Chrysler • Lexus • Toyota • Ford • Jaguar • auto industry • Mercury • J.D. Power & Associates • Buick • dependability

 Recession Lifts 
 Auto Repair Shops 

People aim to keep cars running rather than buy new ones

Mar 17, 09 7:16 AM CDT
(Newser) - For car mechanics, the recession has its perks: Americans are flocking to repair shops to ensure their vehicles run longer in tough times, CNNMoney reports. Automotive Service Association members have seen a 16% boost in sales compared to last year. “In relative terms, that $1,000 repair to keep... More »

MORE ABOUT:
recession • auto industry • cars • repair shop • auto worker

OPINION

Ford-UAW Deal Shows Detroit the Way Forward

Compromise reveals Detroit's 'dinosaurs' can adapt to survive

Mar 10, 09 1:39 AM CDT
(Newser) - The deal hammered out between Ford and the UAW offers Detroit a rare glimpse of hope for the future, Jim Jelter writes in MarketWatch. The deal, ratified by workers yesterday, lets Ford pay half its health-care costs for workers in shares instead of cash, binding workers fortunes' closer to the... More »

MORE ABOUT:
United Auto Workers • automaker • Ford • union • auto industry • organized labor

Obama Auto Team in Detroit Considering $22B More in Aid

GM and Chrysler, both facing collapse, woo more taxpayer dollars

Mar 9, 09 10:28 AM CDT
(Newser) - With the specter of bankruptcy looming over General Motors and Chrysler, President Obama’s auto team is in Detroit today as it considers whether to give the companies $22 billion more in bailout cash, the Wall Street Journal reports. The field trip will include visits to production and engineering facilities... More »

MORE ABOUT:
Chrysler • United Auto Workers • General Motors • auto industry • Chapter 11 • Obama administration • financial crisis • President Obama • auto bailout • Steven Rattner • Chevy Volt

 GM, Auditors Doubt Survival 
 Unless Sales Pick Up Fast 

Bankruptcy threatens if auto sales don't pick up

Mar 5, 09 7:21 AM CST
(Newser) - General Motors and its auditors expressed doubts about the automaker’s survival in an SEC filing today. Bankruptcy looms, the firm notes, if the viability plan it gave Congress fails, MarketWatch reports. That plan depends on vehicle sales recovering next year, as well as the company's ability to get financing... More »

MORE ABOUT:
bankruptcy • General Motors • SEC • auto industry • auditor

 Honda Hops on 
 Bailout Bandwagon 

Japanese automaker to seek government loans to pay for customer loans

Mar 4, 09 9:46 AM CST
(Newser) - With American credit markets dried up, Honda is seeking money from the Japanese government to help finance auto loans in the US, reports the Wall Street Journal. The Japanese government is planning to offer $5 billion through a semi-governmental organization, and Toyota is planning to seek funds as well. More »

MORE ABOUT:
Japan • Toyota • General Motors • Honda • credit crisis • auto industry • US automakers • bailout

(Newser) - Toyota is reportedly seeking $2 billion in loans from Japan’s government, after forecasting its first loss in 59 years, Bloomberg reports. A Toyota Financial Services spokesman confirmed that the automaker is in talks with a state-owned bank, but wouldn’t specify a figure. The carmaker expects to report a... More »

MORE ABOUT:
Japan • Toyota • auto industry • loan • bailout • recession depression

Germany's Scheme to Scrap Cars Sparks Sales Explosion

Sales mostly go to small cars

Feb 26, 09 1:00 PM CST
(Newser) - Automakers are running out of gas all over the world—except in Germany. Volkswagen expects to have its best February ever, selling 120,000 cars, while GM subsidiary Opel has sold 40,000, its best month in 5 years, Der Spiegel reports. It’s all thanks to the scrapping... More »

MORE ABOUT:
Germany • General Motors • Audi • Mercedes Benz • Volkswagen • auto industry • Porsche • BMW • Renault • Opel • Dacia

 GM Loses $9.6B in Q4, 
 Guzzles $6.2B in Cash 

Misses estimates, stock tanks

Feb 26, 09 7:08 AM CST
(Newser) - General Motors burned through $6.2 billion in cash on its way to losing $9.6 billion in the fourth quarter, the company announced today, dragging its liquidity down to $14 billion. Analysts were expecting a loss, but not one this ghastly—the company’s stock is down nearly 24%... More »

MORE ABOUT:
General Motors • earnings reports • corporate earnings • auto industry • cash

 Auto Suppliers Seek
Their Own Bailout

Trade groups warn industry could collapse from bottom up as Big 3 troubles filter down

Feb 26, 09 2:12 AM CST
(Newser) - The auto industry is warning that it could collapse from the bottom up if the government doesn't immediately assist America's car parts suppliers, the Washington Post reports. Suppliers are struggling to use their unpaid billings to troubled automakers—usually 45 to 60 days behind deliveries—as collateral for operating loans,... More »

MORE ABOUT:
General Motors • automaker • Ford • auto industry • suppliers • supply chain • auto bailout

OPINION

Is Obama Trying to Fix Too Much at Once?

Despite new prez's gifts, Brooks worries he's moving too fast

Feb 24, 09 8:35 AM CST
(Newser) - David Brooks is not a liberal, but the New York Times columnist doesn't hesitate to call himself "a great admirer of Barack Obama and those around him." Yet as the new administration has thrown itself at a dozen staggering problems, from fixing health care and the auto industry... More »

MORE ABOUT:
Barack Obama • government • liberals • auto industry • health care reform • economic stimulus package • David Brooks • Obama administration

Would-Be 'Car Czar' to Head Auto Task Force

Obama taps financier Rattner as lead in GM, Chrysler restructuring

Feb 24, 09 7:58 AM CST
(Newser) - Steven Rattner has been named chief adviser to the panel tasked with restructuring GM and Chrysler, Reuters reports. The financier was considered the frontrunner to be "car czar" before President Obama opted for a panel rather than a single chief. Rattner, who will leave the private equity firm... More »

MORE ABOUT:
Chrysler • General Motors • Treasury Department • auto industry • Obama administration • President Obama • Timothy Geithner • car czar • Steven Rattner

Obama's Auto Team Drives Foreign Cars

Just 2 of task force's
8 members own domestic models

Feb 23, 09 2:49 PM CST
(Newser) - Detroit’s Big Three might be in worse trouble than they thought: Of the eight people on the Presidential Task Force on the Auto Industry, and the 10 policy aides assisting them, just two own cars built by American-owned manufacturers, the Detroit News reports. The co-chairs—Timothy Geithner and Lawrence... More »

MORE ABOUT:
Chrysler • General Motors • Ford • Treasury Department • auto industry • hybrid car • Timothy Geithner • Lawrence Summers

Treasury Seeks Bankruptcy Financing for GM, Chrysler

Obama administration will not rule out Chapter 11 for ailing autos

Feb 23, 09 7:30 AM CST
(Newser) - Treasury advisers are working to line up $40 billion in financing for General Motors and Chrysler—5 times the size of any previous bankruptcy loan—just in case the two automakers need it, the Wall Street Journal reports. While efforts continue to restructure the companies by other means, the administration... More »

MORE ABOUT:
Chrysler • Citigroup • bankruptcy • General Motors • auto industry • Chapter 11 • JPMorgan Chase • financial crisis

161 - 180 of 497 Stories | << Prev 1 ... 5 6 7 8 9 10 11 12 13 ... 25 Next >>


from our news partners