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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: US automakers

US automakers stories: 57 news summaries

41 - 57 of 57 Stories | << Prev 1 2 3

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Put the Brakes on
Car Chiefs' Pay: UAW Boss

Loans necessary to escape temporary bind, he adds

Dec 1, 08 4:11 AM CST
(Newser) - The nation's Big Three automakers should pledge to limit executive pay—including bonuses and severance packages—in exchange for federal money, insists the president of the United Auto Workers. Ron Gettelfinger warned that everyone is going to have to tighten his belt, including the rank-and-file, in order to save jobs.... More »

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United Auto Workers • executive compensation • Michigan • wages • automaker • labor unions • Big Three • US automakers • golden parachutes

OPINION

Tough Love Only Option as Detroit Loses Friends

Fading support on both sides of party divide leaving Big Three in the slow lane

Nov 25, 08 6:14 AM CST
(Newser) - The retooling of America's political landscape has left Detroit painfully short on friends and settling for "tough love"—or no love at all—these days, Gerald F. Seib writes in the Wall Street Journal. Foreign automakers building plants in red states have become cozy with GOP lawmakers, while... More »

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auto industry • Big Three • US automakers • bailout


 Ford Sells 20% Stake 
 in Mazda to Raise Cash 

The sale should net Ford about $540 million

Nov 18, 08 8:40 AM CST
(AP) - Ford is slashing its stake in Mazda by nearly two-thirds, joining other struggling US automakers in a fire-sale of prized assets to stay afloat. Ford, which owns 33.4% of Mazda, will sell about a 20% stake, the companies said. The sale would net Ford $540 million based on Mazda's... More »

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Japan • Ford • auto industry • US automakers • mazda

Congress Girds for Post-Election Rumbles

Will address new leaders, Detroit bailout, Stevens, Lieberman

Nov 16, 08 2:06 PM CST
(Newser) - A new Congress takes office Jan. 6 and a new Oval Office occupant two scant weeks later, but the old Congress has plenty on its plate when it reconvenes next week, reports Reuters. The session will focus mainly on the economy, especially the auto industry, but legislators also must appoint... More »

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Congress • Mitch McConnell • Ted Stevens • House of Representatives • Joe Lieberman • US automakers • bailout • US Senate

Let's Divert 
Green $$$ to 
Aid Autos: 
White House 

Perino slams Dem plan to use bailout money

Nov 14, 08 7:45 PM CST
(Newser) - The White House urged Congress today to prop up the Big Three automakers with $25 billion in federal funding—and nix environmental provisions attached to that money, the Wall Street Journal reports. Approved last year, the dollars were designated to help carmakers convert to more fuel-efficient vehicles. Now they can... More »

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Big Three • US automakers • bailout

 GM-Chrysler Inch Closer to Deal 

Merger would create world's largest automaker

Oct 29, 08 1:57 PM CDT
(Newser) - General Motors and Chrysler have ironed out the major issues in their proposed merger, bringing the troubled giants a step closer to becoming the world's largest automaker. The deal's final form will depend on financing and government support—of which GM is requesting $10 billion—but both companies agree GM... More »

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Chrysler • Cerberus Capital Management • government spending • General Motors • merger • Rick Wagoner • US automakers • refinancing

 Top Cars We Should Scrap 

Coming soon to a compactor near you

Oct 26, 08 4:59 AM CDT
(Newser) - The possibility that one of Detroit's Big Three automakers is headed for the scrap heap left US News and World Report wondering which cars Americans could live without. Here are some top candidates:
  • Jeep Commander: This boxy model gets 16 mpg and it shows: sales are down 55%.
... More »

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fuel efficiency • auto industry • SUVs • US automakers • cars • automobile

GM-Chrysler Talks Pick Up Speed as Auto Sales Stall

GM, burning through $1B monthly, seeks a cash infusion, cost savings

Oct 17, 08 8:58 AM CDT
(Newser) - Talks of a General Motors-Chrysler merger are on the fast-track, the Wall Street Journal reports, with lenders pushing for a deal to be completed as soon as the end of the month. Amid a historically dismal month for US auto sales, GM is scrambling to shore up a bleeding balance... More »

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Chrysler • General Motors • merger • auto industry • Rick Wagoner • US automakers • cars

 GM Calls for Help 

Firm reiterates urge for government assistance

Oct 14, 08 12:07 PM CDT
(Newser) - General Motors is not thinking of filing for bankruptcy, Reuters reports. Instead, an exec said, "There is a strong need for coordinated federal action" to weather the economic crisis as US auto sales slide. Filing for bankruptcy "would not benefit our customers, our dealers, or our employees,"... More »

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General Motors • Detroit • auto industry • loan • auto sales • US automakers • bailout • financial crisis

 Guess How Many Cars I Own? 

13 rides pack McCains' garages, including 2 Jeeps, a pickup, Caddie and foreign cars

Sep 22, 08 8:53 AM CDT
(Newser) - The McCains own almost twice as many cars as they do houses, and a few members of the fleet are foreign—despite John McCain’s recent assurances to Detroit that "I've bought American literally all my life.” Thirteen cars are registered to John and Cindy McCain, Newsweek discovered... More »

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Barack Obama • John McCain • Michelle Obama • Detroit • Cindy McCain • hybrid car • US automakers • cars

 GM Recalls 800K 
 Over Electric Issues 

Short circuit in wiper-fluid system may cause fires in popular SUVs, other models

Aug 29, 08 1:50 PM CDT
(Newser) - An electrical glitch has General Motors recalling 857,735 vehicles today, Reuters reports. GM will recall all cars with a heated windshield wiper fluid system for faults that may lead the system to short circuit, increasing the likelihood of fire or other electrical malfunctions. See below for a full list... More »

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General Motors • automaker • recall • product recall • auto industry • US automakers • fire

GM, Ford Join Chrysler in Retreat From Leasing

As resale values plummet and credit tightens, automakers leave market

Jul 30, 08 8:00 AM CDT
(Newser) - Ford and GM are joining Chrysler in moving away from auto leasing, the Wall Street Journal reports, signalling the end of an era in which leases allowed many Americans to drive more expensive cars than they could afford to buy. The move is prompted by falling prices for used SUVs... More »

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auto industry • auto sales • US automakers • used cars • lease

Kerkorian Bets Big on Ford Turnaround

Investor buys 100M shares, taking 4.7% stake after strong Q1

Apr 28, 08 4:22 PM CDT
(Newser) - Investor Kirk Kekorian is gobbling up shares of Ford in move seen as a vote of confidence for the automaker’s turnaround efforts, the Wall Street Journal reports. Kerkorian’s Tracinda has bought about 100 million shares and holds a 4.7% stake in the firm. Tracinda also offered to... More »

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Kirk Kerkorian • General Motors • stocks • Ford • downsizing • US automakers • investor

More Cuts Planned as Ford Shifts Out of Reverse

Investors rally for Mulally as turnaround picks up speed

Apr 23, 08 2:41 AM CDT
(Newser) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its... More »

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Ford • Jaguar • Land Rover • Volvo • Alan Mulally • auto industry • US automakers

Pickup Sales Plummet to 10-Year Low

Trucks can't pull their weight as gas prices rev up, housing stalls

Apr 9, 08 7:35 AM CDT
(Newser) - US pickup truck sales tumbled in March, hitting their lowest level in nearly a decade. The Big Three all reported double-digit percentage drops in sales this month—the Dodge Ram was down 26%—and large pickups represented barely more than 10% of the auto market. High gas prices added fuel... More »

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housing market • General Motors • Ford • gas prices • Big Three • auto sales • US automakers • Ford F 150 • pickup trucks

Ford to Sell Jaguar,
Land Rover to India's Tata

Restructuring move will bring $2B—less than what company paid for either

Mar 25, 08 9:30 PM CDT
(Newser) - Ford will sell marquee brands Jaguar and Land Rover to India's Tata Motors, the Wall Street Journal reports. Under the deal, expected to be announced tomorrow, Ford will get $2 billion, less than it paid for either company in separate deals years ago. Ford has lost $15 billion the past... More »

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Ford • Jaguar • Land Rover • Alan Mulally • US automakers • Tata Motors

Sky-High Oil Will Reshape World Power, Dent US Clout

Power shifts as global economies change

Jan 3, 08 6:39 AM CST
(Newser) - The surging price of oil from $10 a barrel a decade ago to a record $100 today is remaking the global economy and altering the balance of power across the world, according to the Wall Street Journal. If oil prices continue to climb, as many experts predict, US political power... More »

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China • climate change • Russia • Middle East • Saudi Arabia • Venezuela • Vladimir Putin • International Monetary Fund • ExxonMobil • United Arab Emirates • oil price • fuel economy standards • $100 a barrel oil • Aramco • Abu Dhabi Investment Authority • US automakers

41 - 57 of 57 Stories | << Prev 1 2 3


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