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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: US automakers

US automakers stories: 57 news summaries

21 - 40 of 57 Stories | << Prev 1 2 3 Next >>

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Fiat to Take 35% Stake in Chrysler, Enter US Market

No-cash deal offers platform sharing and markets to Fiat, a lifeline to Chrysler

Jan 20, 09 7:16 AM CST
(Newser) - Fiat arranged a no-cash deal with Chrysler today that could put the Italian automaker behind the wheel of Chrysler’s operations, the Wall Street Journal reports. Fiat will take a 35% stake in Chrysler with an option for 20% more. Fiat will receive a foothold in the US market, retooling... More »

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Chrysler • Toyota • General Motors • fuel efficiency • US automakers • Fiat • auto bailout

OPINION

Resilient Detroit
Will Come Back Strong

Detroit and its automakers won't quit at any cost

Jan 13, 09 5:52 PM CST
(Newser) - When Congress bailed on aid for Detroit automakers last month, it felt like lawmakers "had just voted to turn the lights out on the Motor City," Detroiter Sarah Webster writes in the Free Press. But even as the Big Three dance dangerously close to bankruptcy, she refuses... More »

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Congress • Detroit • factory • immigrant • auto industry • US automakers • Henry Ford

Ford, Hyundai Win
Top Wheels Honors

Ford F-150, Hyundai Genesis named top 2009 vehicles

Jan 12, 09 1:53 AM CST
(Newser) - Here's some good news for ailing Detroit: The redesigned Ford F-150 was named North America's Truck of the Year yesterday by a team of journalists who preferred its design, handling, drive and value to the other finalists, the Dodge Ram and Mercedez ML320. Korean automakers clinched their first victory... More »

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awards • automaker • Ford • Hyundai • US automakers • Ford F 150

Companies Fly to Unload Private Planes

Putting jets on block may be more about image than money

Jan 9, 09 3:01 PM CST
(Newser) - The business-jet industry couldn’t have asked for worse PR than members of Congress ripping auto executives for traveling by company plane to beg for taxpayer money. By the time the Big Three execs returned—by hybrid car—to Washington, the corporate jet was a symbol of bloated corporate excess,... More »

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Chrysler • Citigroup • General Motors • Ford • jet • airplane • US automakers • private jet • financial crisis

Paulson Wants Next $350B, But Bush May Not Ask for It

Request likely to set off more hand-wringing in Congress over bailout tactics

Dec 19, 08 11:00 AM CST
(Newser) - Treasury Secretary Henry Paulson called today for Congress to release the second half of the $700 billion bailout fund, but his plea isn’t being echoed at the White House—which would have to make the formal request, the Wall Street Journal reports. “It’s not necessarily true that... More »

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Henry Paulson • US automakers • bailout • Troubled Asset Relief Program • President Obama

 3 Detroit Finalists 
 Up for Car, 
 Truck of Year 

Ford, Chrysler vehicles face off against three foreign competitors

Dec 19, 08 2:20 AM CST
(Newser) - Three Detroit-made vehicles are among six finalists for the 2009 North American Car and Truck of the Year awards, the Detroit News reports. The Ford Flex will compete with the Hyundai Genesis and the Volkswagen Jetta TDI for the year's best car, while the redesigned Ford F-150 and Dodge Ram... More »

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Ford • Dodge • auto industry • trucks • US automakers • Ford F 150 • cars

opinion

 South Ensuring 
 Detroit Won't 
 Rise Again 

States woo Northern economy with lower wages, 'inhumane standards'

Dec 18, 08 1:20 PM CST
(Newser) - It's no coincidence that Dixie senators derailed the Big Three bailout, since the South—with anti-union laws, low wages, and modest taxes—has built a counter-Detroit that will ensure that neither the Motor City or the South will rise again, Michael Lind writes in Salon. The same tactics were used... More »

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Congress • Detroit • US economy • US automakers • South • financial crisis

 GM, Chrysler 
 Revive  Merger Talks 

Chrysler's private equity owner signals willingness to give up a stake

Dec 18, 08 1:46 AM CST
(Newser) - General Motors and Chrysler are back in merger talks, reports the Wall Street Journal. Negotiations fizzled weeks ago as both companies viewed a merger as impractical and a potential distraction from federal bailout talks. Chrysler owner Cerberus Capital Management took the initiative to restart talks, and has signaled a willingness... More »

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Chrysler • Cerberus Capital Management • General Motors • merger • auto industry • US automakers • GMAC

 Chrysler Idling US 
 Plants for 30 Days 

Supply to be slowed so it meets lowered demand, company says

Dec 17, 08 5:05 PM CST
(Newser) - Ominous news on the auto front: Chrysler will idle all its North American plants for at least 30 days beginning Friday, a move meant to realign the company's supply with plummeting demand, the Detroit News reports. Ford, meanwhile, will close 10 assembly plants for an extra week in January, the... More »

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Chrysler • Detroit • automaker • plant • US automakers • supply and demand • credit market chaos • financial crisis • recession depression

ANALYSIS

Detroit Failure Could Spark
'Economic Chaos' 

Analysts warn that letting automakers sink  will have impact across the economy

Dec 13, 08 9:17 AM CST
(Newser) - Letting one of the Big Three go under could have disastrous effects on many corners of the American economy, McClatchy Newspapers reports. Beyond the jobs lost at the companies and their suppliers—as well as the jobs lost everywhere those workers spend their wages—the repercussions would hit sectors as... More »

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Chrysler • General Motors • Ford • unemployment • US economy • auto industry • US automakers • financial crisis

Auto Suppliers Panic as Detroit Collapse Nears

Owed billions by GM and Chrysler, many near failure

Dec 12, 08 5:30 AM CST
(Newser) - The looming collapse of GM and Chrysler is sending shudders all the way down the supply chain, the New York Times reports. America's auto parts suppliers employ 600,000 people—more than twice as many as the Big Three automakers combined—but many suppliers are already stretched to the limit... More »

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Chrysler • General Motors • Ford • manufacturer • auto industry • US automakers • supply chain

EDITORIAL

 Dark Day for Detroit 

Bailout collapse leaves state fretting over future

Dec 12, 08 2:36 AM CST
(Newser) - Detroit's bailout has crashed and burned, casting a pall on Michigan's future, the Detroit Free Press writes. The state knows the pain that comes with tough times in the auto industry all too well, and it's "incredible" that any American lawmaker "could want to watch these hard times... More »

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Chrysler • United Auto Workers • General Motors • Detroit • Michigan • Ford • auto industry • US automakers • bailout • auto bailout

(Newser) - A bid to provide emergency aid to automakers failed in the Senate tonight, the Washington Post reports. Negotiators nearly completed an 11th-hour deal but got hung up on union wages. Republicans wanted immediate cuts, and Democrats sought to delay them until 2011. "We're not going to get to the... More »

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Congress • Chrysler • General Motors • Detroit • US automakers

ANALYSIS

 Bailout Would Help 
 German Giants, Too 

Detroit bankruptcies would ripple through entire industry's supply chain

Dec 10, 08 2:20 PM CST
(Newser) - German giants BMW and Daimler are rooting for a bailout of the Big Three, since a bankrupt Detroit would devastate sales and cripple parts-makers they all share, Bloomberg reports. The US is the top market for BMW, No. 2 for Daimler’s Mercedes-Benz. Meanwhile, Fiat, Peugeot, and Renault—which compete... More »

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Chrysler • Germany • Europe • General Motors • Daimler • Michigan • automaker • Ford • BMW • US automakers • financial crisis

White House, Dems Agree on $15B Auto Deal

But key Republicans threaten to block measure in Senate

Dec 9, 08 9:09 PM CST
(Newser) - Democrats reached a tentative deal with the White House on a $15 billion rescue plan for GM and Chrysler, but unsatisfied Republicans threatened to block the deal, the Detroit Free Press reports. The measure could be presented to the House tomorrow morning and passed in the afternoon. But the Senate's... More »

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Congress • Chrysler • Senate • General Motors • Detroit • US automakers

 'We're Sorry, 
 Now Pay Up,' 
 GM Tells US 

Automaker apologizes for 'betraying' consumers, makes case for bailout

Dec 9, 08 3:36 AM CST
(Newser) - Remorseful General Motors paid for a full-page ad in Automotive News to tell America: "We have disappointed you." The ailing automaker admitted to manufacturing substandard and "lackluster" products, pushing SUVs on consumers, and committing to "unsustainable" union pay, reports the Washington Post. Before the ink could... More »

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General Motors • Michigan • automaker • apology • Big Three • US automakers • financial crisis

UPDATED

 Big 3 Execs Finish With Senate 

CEOs to make their case to the House tomorrow

Dec 4, 08 4:14 PM CST
(Newser) - The CEOs of the Big Three wrapped up a six-hour session with the Senate Banking Committee during which they asked for a minimum of $34 billion in aid, the Washington Post reports. Chairman Chris Dodd vowed to draft a bill “in the next 24-48 hours" that stood a chance... More »

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Chrysler • General Motors • automaker • Ford • Chris Dodd • auto industry • Big Three • Rick Wagoner • US automakers • bailout • auto bailout

 UAW Bends to 
 Boost Bailout 

Concessions meant to help Big Three win financial help from feds

Dec 3, 08 2:09 PM CST
(Newser) - The United Auto Workers agreed today to concessions that may help Detroit get $34 billion in federal assistance, the Detroit News reports. The union’s job bank—which pays eliminated employees 95% of their base salaries—will be suspended, and the UAW will delay billions in payments to its health... More »

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Congress • United Auto Workers • General Motors • labor unions • Ron Gettelfinger • Big Three • US automakers • bailout • financial crisis

(Newser) - Automakers may be returning to Capitol Hill humbled into driving instead of flying, but that won't stop them from holding out their hands for even more money. Collectively, they told Congress today to be willing to shell out a total of $34 billion in loans and lines of credit—up... More »

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Congress • Chrysler • General Motors • Detroit • Ford • US automakers

 Ford May Sell Off Volvo 

Company's US sales off 28% in '08; Swedish government in talks

Dec 1, 08 10:29 AM CST
(Newser) - Ford is looking to cut costs wherever it can, and that might mean selling off its Volvo unit, the Wall Street Journal reports today. US sales for Volvo dropped off 28% in the first 10 months of 2008, and Ford, bleeding cash, plans to trim down and focus on its... More »

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Ford • Volvo • Alan Mulally • Sweden • US automakers • financial crisis • Saab

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