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Stories related to: automaker

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  • July 2008

    • Volt Could Spark GM Bailout

      newser  |  Wall Street Journal  |  Jul 2, 08 8:32 AM CDT

      Volt Could Spark GM Bailout

      GM is about as likely to turn a profit with the Chevy Volt as the Edsel is to make a comeback, Holman W. Jenkins Jr. writes in the Wall Street Journal. But the ailing automaker may be aiming to improve its image rather than sell cars. With the automaker's image suitably greened, a federal bailout may become more politically acceptable, Jenkins suggests. More »

      Tags

      auto industry  • General Motors  • automaker  • electric cars  • Rick Wagoner  • Chevrolet Volt

  • June 2008
  • May 2008

    • Norwegian Electric Car Will Cruise US Streets

      newser  |  Wall Street Journal  |  May 30, 08 1:00 PM CDT

      Norwegian Electric Car Will Cruise US Streets

      An electric car that can travel up to 110 miles when fully charged will hit select US cities next year, the Wall Street Journal reports. The Think City, from Norwegian automaker Think Global AS, is already on the road in Norway, Sweden and Denmark, and will set American consumers back less than $25,000. The company plans to produce as well as sell the mini car in the US, with backing from American venture capital investors. More »

      Tags

      gas prices  • auto industry  • carbon emissions  • Ford  • pollution  • Norway  • automaker  • electric cars

    • US Woes Drive Toyota Profits Down 28%

      newser  |  Associated Press  |  May 8, 08 7:15 AM CDT

      US Woes Drive Toyota Profits Down 28%

      Even Toyota—with its array of popular gas-sipping vehicles—is struggling in a slumping global economy, according to the latest figures. The world’s No. 2 automaker today reported that earnings for the last quarter fell 28% to $3.05 billion from $4.2 billion a year ago, reports the AP. "We are facing a severe business environment," said Toyota's president. More »

      Tags

      auto industry  • economy  • Toyota  • corporate earnings  • auto sales  • automaker  • yen

  • April 2008

    • Roadblocks Zap Electric Carmakers' Momentum

      newser  |  Los Angeles Times  |  Apr 6, 08 3:12 PM CDT

      Roadblocks Zap Electric Carmakers' Momentum

      The more than two dozen startups racing to produce viable electric cars face a bumpy road, the Los Angeles Times reports, as they navigate infighting, skyrocketing costs, and lack of mass-production know-how. Meanwhile, a successful car would face serious competition from several major automakers working on innovations of their own. "There are things that (little players) just can't do," says one analyst. More »

      Tags

      California  • lawsuit  • environment  • auto industry  • electric cars  • automaker  • Tesla

  • January 2008

    • Toyota, GM In Tie for Top Automaker

      newser  |  Wall Street Journal  |  Jan 23, 08 9:28 AM CST

      Toyota, GM In Tie for Top Automaker

      Toyota has finally caught up with GM, after years of growing roughly five times as fast. GM’s sales rose 3% in 2007, to 9,369,524 vehicles, but it was only enough to tie Toyota, which last week announced sales of approximately 9.37 million, ending GM’s 76-year reign  atop the world’s automakers, the Wall Street Journal reports. More »

      Tags

      auto industry  • General Motors  • Toyota  • auto sales  • automaker

  • December 2007

    • Toyota Poised to Overtake GM

      newser  |  Reuters  |  Dec 25, 07 8:00 AM CST

      Toyota Poised to Overtake GM

      Toyota, the most profitable automaker in the world, says it will increase production by 5% to a record 9.95 million vehicles in 2008, opening up a lead over General Motors, Reuters reports. Toyota, which sold 9.36 million vehicles in 2007, also expects sales to increase 5% in 2008 to 9.85 million units. More »

      Tags

      auto industry  • General Motors  • Detroit  • Toyota  • auto sales  • automaker  • sales

    • 30K Americans Ordered... This?

      newser  |  AFP  |  Dec 4, 07 6:30 PM CST

      30K Americans Ordered... This?

      American orders for a new fuel-smart car are already swamping its German manufacturer, the AFP reports. Some 30,000 Americans have already put down $99 on Daimler's Smart Fortwo in anticipation of its January arrival—but some analysts say the tiny two-seater will end up parked in a country that favors massive, hard-drinking SUVs. More »

      Tags

      auto industry  • gas  • automaker  • SUV  • Daimler  • Smart Car

    • Nov. Sales Languish for Big 3

      newser  |  Wall Street Journal  |  Dec 4, 07 8:35 AM CST

      Nov. Sales Languish for Big 3

      Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11% and Chrysler 2%. More »

      Tags

      auto industry  • General Motors  • Ford  • Chrysler  • Toyota  • Honda  • auto sales  • automaker

  • November 2007

    • Cadillac CTS Wins Car of Year

      newser  |  Associated Press  |  Nov 20, 07 7:57 AM CST

      Cadillac CTS Wins Car of Year

      Cadillac's CTS won Motor Trend’s 2008 car of the year honors today, reports the AP. Editors said the $32,990 entry-level luxury sedan stood up to BMW and Mercedes, and proves Detroit can build a competitive sedan—despite years of focusing on SUVs and trucks. "The CTS obliterates the old man image of Cadillac," MT wrote. More »

      Tags

      auto industry  • General Motors  • Detroit  • car  • automaker  • auto  • Cadillac

    • Analysts See Steep Sales Slide for Big 3 in '08

      newser  |  Reuters  |  Nov 19, 07 7:49 AM CST

      Analysts See Steep Sales Slide for Big 3 in '08

      Automakers are predicting a mildly soft sales year for 2008, but analysts warn a “poverty effect” caused by an imploding housing market could send US light auto sales skidding as much as 9.4% to their worst year since 1993, Reuters reports. “I’m just not sure how bad it could be,” said one. “We all know housing is a debacle.” More »

      Tags

      auto industry  • General Motors  • Detroit  • Ford  • Chrysler  • automaker  • Big Three

    • Chrysler Plan Cuts Dealers, Overlapping Models

      newser  |  Wall Street Journal  |  Nov 17, 07 2:09 PM CST

      Chrysler Plan Cuts Dealers, Overlapping Models

      Clued-in dealers say Chrysler is considering a restructuring plan to simplify its lineup: Chrysler dealers would sell all the company’s passenger cars, Jeep dealers would carry only Jeeps and SUVs, and Dodge dealers would handle commercial trucks and pickups. The reorganization would allow Chrysler to eliminate overlapping models and cut up to 1,000 underperforming dealers, reports the Wall Street Journal .  More »

      Tags

      auto industry  • car  • Chrysler  • automaker  • Cerberus Capital Management  • Dodge  • car dealers

  • October 2007
  • September 2007

    • Historic Deal in Sight for GM and UAW

      newser  |  Wall Street Journal  |  Sep 22, 07 7:32 AM CDT

      Historic Deal in Sight for GM and UAW

      After bogging down for several days, talks between General Motors and the UAW got back on track yesterday as automaker and union reps closed in on a historic agreement to shift health-care costs to a union-controlled trust, the Wall Street Journal reports. The two sides are said to have a greed on how much money GM will put into the trust, and on "triggers" to protect both the UAW and GM in case of spiraling health care costs or a downturn in sales. More »

      Tags

      General Motors  • Detroit  • Ford  • Chrysler  • United Auto Workers  • automaker

    • CA Tosses Global Warming Suit v. Automakers

      newser  |  Los Angeles Times  |  Sep 19, 07 11:26 AM CDT

      CA Tosses Global Warming Suit v. Automakers

      A federal judge has thrown out California's attempt to hold automakers liable for the environmental implications of vehicle emissions, the LA Times reports. The judge who rejected the much-watched lawsuit Monday called global warming a "political question" for legislators, rather than courts. The suit had blamed carmakers for Sierra snowpack melt, droughts, and dying forests. More »

      Tags

      California  • climate change  • global warming  • General Motors  • carbon emissions  • Ford  • greenhouse gases  • Honda  • automaker

  • July 2007

    • Ford Turns 1st Quarterly Profit in 2 Years

      newser  |  Bloomberg  |  Jul 26, 07 11:48 AM CDT

      Ford Turns 1st Quarterly Profit in 2 Years

      In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford stock lost 17 cents a share in 2Q 2006. More »

      Tags

      auto industry  • Ford  • automaker  • quarterly profits  • profits  • Jaguar  • Volvo  • Land Rover  • Alan Mulally  • Aston Martin

    • UAW Gears Up for Contract Talks on Health Care

      newser  |  New York Times  |  Jul 19, 07 9:11 PM CDT

      UAW Gears Up for Contract Talks on Health Care

      The United Automobile Workers Union starts high-stakes contract talks with Detroit automakers tomorrow, at a time when the union counts more retirees than active workers in its ranks—meaning higher health-care costs—and the American automotive industry is in dire financial straits. The talks are being called "the most important in a generation," the Times reports. More »

      Tags

      auto industry  • Detroit  • health insurance  • health care costs  • automaker  • unions  • retirees  • workers

    • Chrysler Plunges Into China Trade

      newser  |  MarketWatch  |  Jul 4, 07 12:29 PM CDT

      Chrysler Plunges Into China Trade

      In a cost-cutting move, Chrysler will introduce cars produced by China's biggest automaker to the US market by late 2009. Chrysler and Chery staged a signing ceremony today in Beijing to allay fears about the American auto giant's new ownership not backing the deal, MarketWatch reports. The first vehicles will hit Latin American and Eastern European markets within a year. More »

      Tags

      auto industry  • car  • Chrysler  • merger  • automaker

  • June 2007

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