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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: US automakers

US automakers stories: 57 news summaries

1 - 20 of 57 Stories | 1 2 3 Next >>

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 Ford Posts $1B Q3 Profit 



Surprise swing to black driven by cost cuts, Cash for Clunkers

Nov 2, 09 6:41 AM CST
(AP) - Ford earned $1 billion in the third quarter, fueled by US market share gains, cost cuts, and the government's Cash for Clunkers rebates. The automaker, reporting net income of $997 million, or 29 cents per share. says it now expects to be "solidly profitable" in 2011. The company lost... More »

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United Auto Workers • US automakers • Ford Motor Co. • Cash for Clunkers

 GM to Try Money-Back 
 Guarantee 

Firm hopes 60-day refund period will rouse sales

Sep 10, 09 4:46 PM CDT
(Newser) - General Motors is offering a good old money-back guarantee as a ploy to entice buyers to its showrooms, USA Today reports. Buyers will be able to get a full refund on any new GM model within 60 days of purchase. The automaker plans to announce the refund program in ads... More »

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General Motors • automaker • auto industry • auto sales • US automakers • refund • Bob Lutz • Edward Whitacre

(Newser) - The final numbers for the Cash for Clunkers are in, and they’re pretty rosy, the Los Angeles Times reports. Dealers had until yesterday to file for rebates, and the total was 690,114 new cars sold—and 690,114 clunkers traded in—for a total of $2.9... More »

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Toyota • auto industry • US automakers • Ford Explorer • gas mileage • Cash for Clunkers • Car Allowance Rebate System • foreign automakers

 'Clunkers' Ends Monday 


Aug 20, 09 4:38 PM CDT
(AP) - The Obama administration will end the $3 billion Cash for Clunkers program at 8pm Monday, giving car shoppers a few more days to take advantage of big government incentives. Dealers have complained about sluggish reimbursements, but Transportation Secretary Ray LaHood said the program has been "a lifeline to the... More »

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auto industry • US automakers • Ray LaHood • Cash for Clunkers


 How to Get the Most 
 Out of Your 'Clunker' 

Time offers tips for buyers considering CARS

Aug 10, 09 5:38 PM CDT
(Newser) - Cash for Clunkers has become a smashing success—but is it right for you? Time explains how to get the most out of your clunker:
  • First, make sure your vehicle really is a “clunker”: Cars that get more than 18 mpg, don't run, haven't been registered and insured
... More »

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automaker • hybrid car • vehicle • US automakers • Cash for Clunkers • Car Allowance Rebate System

 Resurgent Ford Has 
 High Hopes for Taurus 

Automaker's financial independence has improved its image with consumers

Jul 28, 09 5:23 PM CDT
(Newser) - Ford is hoping to use the imminent launch of the 2010 Taurus to cement its newly dominant position among Detroit’s Big Three, MSNBC reports. Ford’s position as the only major US automaker not receiving government aid has been translating into small but significant gains in market share as... More »

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General Motors • Detroit • automaker • Ford • Big Three • US automakers • Ford Taurus

UPDATED


 Done Deal: 
 GM Out of Bankruptcy 


Good assets go to US-backed firm

Jul 10, 09 8:26 AM CDT
(Newser) - As of 6:30 this morning, the new General Motors is on its way: The old firm sold its good assets to a new automaker backed by the government via a bankruptcy overhaul far speedier than experts expected, the New York Times reports. The new firm, Vehicle Acquisition Company, will... More »

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bankruptcy • General Motors • automaker • auto industry • US automakers

China Won't Allow Hummer Sale: Report

Country KOs GM deal with manufacturer over environmental worries

Jun 26, 09 1:05 PM CDT
(Newser) - Beijing will halt GM’s sale of the Hummer brand to a Chinese machinery firm over pollution concerns, according to Chinese state radio. The purchase would run counter to the government’s goal of reducing pollution caused by manufacturing, the BBC reports. The Chinese firm shrugged off the report. “... More »

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China • environment • pollution • General Motors • automaker • Big Three • US automakers • sale • industrial pollution • Hummer • Sichuan Tengzhong Heavy Industrial Machinery Company

Big Three See Bumpy Road With 20-Somethings

Demographic key to rebuilding for US automakers

May 29, 09 2:23 PM CDT
(Newser) - Detroit automakers face a hard road when it comes to Generation Y—consumers aged 22-32 whose business is crucial to securing the firms' futures, BusinessWeek reports. Their boomer parents broke from tradition by shifting to Japanese cars, and Gen Y is following in those footsteps. Detroit “simply must do... More »

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Chrysler • baby boomer • Toyota • General Motors • Detroit • automaker • Ford • Big Three • Generation Y • US automakers • Japanese auto industry

 Fire Sale Sweeps 
 Chrysler Dealerships 

Prices hit rock bottom before June 9 deadline

May 26, 09 6:12 AM CDT
(Newser) - Those well-worn "Rock-Bottom Price!" and "Must Go!" stickers are more than sales pitches at nearly 800 dealerships cut loose by Chrysler, which have to sell by June 9 or lose vehicles to auction. The bankrupt automaker refused to buy back some 44,000 cars, reports ABC... More »

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Chrysler • bankruptcy • automaker • Dodge • US automakers • auto bailout

Auto Newcomer
Will Head Chrysler-Fiat

Former Duracell chief sees 'exciting new era' after bankruptcy

May 20, 09 4:42 PM CDT
(Newser) - Post-bankruptcy, Chrysler head Robert Nardelli will cede his position to former Duracell chief C. Robert Kidder. Kidder will run the new Chrysler-Fiat alliance being hashed out in court, the Detroit News reports. Kidder is currently lead director on the board of Morgan Stanley—one of Chrysler’s creditors—and his... More »

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Chrysler • bankruptcy • Robert Nardelli • US automakers • Fiat • C. Robert Kidder

ANALYSIS

Are Americans Falling Out of Love With Cars?

Drop in driving could be delayed reaction to gas prices—or not: Silver

May 6, 09 4:58 PM CDT
(Newser) - Is the fact that Americans are driving less even after the cost of gas has come down a sign that US attitudes are changing, Nate Silver asks in Esquire—or is it just another example of how slowly they respond to changes in fuel prices? “The real test,”... More »

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Detroit • automaker • driving • Seattle • statistics • Big Three • US automakers • automobile • car culture

Last-Minute Chrysler Talks Hinge on Smaller Lenders

Bankruptcy remains a possibility

Apr 29, 09 5:03 PM CDT
(Newser) - Chrysler is still preparing for bankruptcy in case the Treasury's last-minute negotiations with hesitant creditors crumble, the Wall Street Journal reports. Most big lenders have agreed to write down part of Chrysler’s debt in exchange for stakes in the company, but smaller hedge funds also have to agree for... More »

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Chrysler • bankruptcy • Treasury Department • US automakers • financial crisis • President Obama • creditor

(Newser) - As US automakers continue their late push into the market for hybrids and electric cars, they may soon have a major new competitor to worry about: China. Beijing, which barely registers in the auto world today, has begun a major investment push and plans to join the world leaders in... More »

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China • electric cars • electric • hybrid car • US automakers

(Newser) - Automakers got hammered again last month, with Detroit’s Big Three all reporting big sales drops today. Ford’s light-vehicle numbers were down 41%, the AP reports; General Motors’ fell 44.7% and Chrysler’s 39.3%, the Wall Street Journal adds. Foreign manufacturers weren’t immune, either, with Toyota’... More »

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Chrysler • Toyota • General Motors • Ford • Volkswagen • Big Three • auto sales • US automakers

7,500 Hourly UAW Workers
Take GM Buyouts

The total is now 60,500 buyouts since '06

Mar 26, 09 10:49 AM CDT
(Newser) - General Motors has convinced 7,500 unionized, hourly workers to accept buyouts and exit the company as early as next week, the Wall Street Journal reports. The automaker offered $20,000 in cash and $25,000 car vouchers—far less than previous offers—in this latest round of cuts to... More »

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General Motors • Detroit • buyout • Big Three • US automakers

 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

 Bankruptcies Could 
 Boost US Car Sales  

Restructuring could convince consumers to take a chance, say marketers

Mar 2, 09 2:34 AM CST
(Newser) - Contrary to what GM and Chrysler contend, bankruptcies could actually end up boosting their sales. Customers who backed away from the brands amid uncertainty may return once the future is known—even if it's one that entails Chapter 11, marketers tell Advertising Age. Case in point: Studebaker lasted 30 years... More »

MORE ABOUT:
Chrysler • advertising • bankruptcy • General Motors • Detroit • US automakers

(Newser) - GM says it will need an additional $16 billion in federal aid to stay afloat, the Detroit News reports. The automaker laid out its restructuring plan for the Obama administration today, requesting $2 billion next month and another $2.6 billion in April to avoid bankruptcy. GM also will shed... More »

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General Motors • Detroit • auto industry • US automakers • auto bailout

 Obama Swaps 
 Car Czar Plan 
 With Panel 

Economic advisers, union mediator will aid decisions: official

Feb 16, 09 1:48 AM CST
(Newser) - The Obama administration has ditched the "car czar" idea, and is divvying up the task of reviving Detroit among a panel of top economic advisers instead, an official tells the New York Times. The Treasury secretary and National Economic Council chair will oversee the presidential panel of experts, many... More »

MORE ABOUT:
Chrysler • General Motors • US automakers • Obama administration • President Obama • car czar

1 - 20 of 57 Stories | 1 2 3 Next >>


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