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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: automaker

automaker stories: 76 news summaries

21 - 40 of 76 Stories | << Prev 1 2 3 4 Next >>

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Bailed-Out GM to Take More Jobs Overseas

Cars sold here, built elsewhere to double amid taxpayer support

May 8, 09 6:37 AM CDT
(Newser) - General Motors is set to boost its overseas operations, nearly doubling the number of cars it builds outside the US but sells here—even though billions of government dollars are supporting the firm and its restructuring plans, the Washington Post reports. This puts the Obama administration in a tight position:... More »

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General Motors • outsourcing • automaker • job • Obama administration • auto bailout

 Toyota Forecasts 
 First-Ever Annual Loss 

$8.6B loss is far worse than anticipated

May 8, 09 5:29 AM CDT
(Newser) - Toyota forecast a 2009 loss of $8.6 billion, its first annual loss ever and one far deeper than anticipated, Reuters reports. Only last year Toyota posted record profits and climbed past GM to become the world's largest car maker, but the global downturn in the auto industry and a... More »

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Japan • Toyota • automaker • auto industry • Japanese auto industry

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

(Newser) - Indian automaker Tata has 203,000 domestic orders for the Nano—the world’s cheapest car—which will start delivery in July, Bloomberg reports. The first editions of the $2,500 vehicle will go out to just 100,000 eager buyers, who will be chosen by lottery and must put... More »

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India • automaker • auto industry • Tata Nano • cars • thrift

(Newser) - Already partnered with Chrysler, Fiat is intensifying its pursuit of GM's German Opel unit to forge one of the world's biggest car companies, the Wall Street Journal reports. Fiat's CEO Sergio Marchionne plans to meet tomorrow with German officials seeking an investor as GM restructures. Billions in debt, Fiat needs... More »

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Chrysler • Europe • automaker • Fiat • Opel

 US Lends GM Another $2B  

Funds mean firm can keep working towards restructuring deadline

Apr 24, 09 2:03 PM CDT
(Newser) - The Obama administration provided General Motors with another $2 billion in low-cost federal loans today, MarketWatch reports. The funds are intended to keep the company operating as it attempts to restructure ahead of a June 1 deadline. GM has so far received $15.4 billion in loans from the government.... More »

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Barack Obama • bankruptcy • General Motors • automaker • auto industry • Obama administration

 Volkswagen Challenges 
 Toyota's No. 1 Ranking 

Global sales surge on Germany, China stimulus, Toyota lags

Apr 17, 09 12:36 PM CDT
(Newser) - Volkswagen may have beaten Toyota in global sales in the first quarter, Reuters reports. Although VW sales declined overall, the company's market share increased to 11% with 1.39 million vehicles sold. Toyota has not released sales figures, but it estimated its first-quarter sales at 1.23 million. Volkswagen had... More »

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China • Germany • Toyota • automaker • sales • Volkswagen • vehicle • sales projections • global stimulus

Obama Snaps Up 17,600 Fuel-Efficient US Cars

Government will buy thousands of fuel-efficient cars

Apr 10, 09 7:56 AM CDT
(Newser) - President Obama announced yesterday that the government plans to buy up 17,600 American-made hybrid and fuel-efficient cars for the federal fleet, reports the Washington Post. In addition to being a way to get some more money to the automakers, the plan will boost the efficiency of the government fleet... More »

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fuel efficiency • automaker • Big Three • Obama administration

GM in 'Intense' Planning for Bankruptcy

Firm could be split
into 'old' and 'new' companies: insiders

Apr 7, 09 1:10 PM CDT
(Newser) - General Motors is making “intense” and “earnest” preparations for the possibility of bankruptcy, a source tells Reuters today. The firm could be divided into a “new” and “old” GM, another insider said: The new company would be home to the firm’s healthiest units and take... More »

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bankruptcy • General Motors • automaker • auto industry • Big Three

Car Lovers Just Don't Get Keyed Up Anymore

Romance with Detroit's best is fading

Apr 4, 09 6:15 PM CDT
(Newser) - Where have all the car buffs gone? For many, the allure of that new car smell is fading: Figures show new-vehicle sales are down 38%, and despite warranties lasting 7 or 10 years, 40% of last year’s trade-ins were less than 4 years old. But recession is only partly... More »

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automaker • auto sales • cars

 Auto Team: Chrysler Needs 
 Bankruptcy, Fiat Deal 

Administration offers 30 days more working capital before aid dries up

Mar 30, 09 7:30 AM CDT
(Newser) - Chrysler cannot become viable on its own, says the White House's auto task force, recommending “quick and surgical” bankruptcy restructuring and the proposed Fiat partnership as the automaker's best shot at survival. The administration will provide Chrysler 30 days’ more working capital to finalize a deal, but the federal... More »

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Chrysler • automaker • auto industry • Fiat • Obama administration • financial crisis • auto bailout • auto task force

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 »

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United Auto Workers • automaker • Ford • union • auto industry • organized labor

 German Car Firm 
 'Used Auschwitz Hair' 

Nazi links may torpedo Schaeffler's hopes of a government bailout

Mar 3, 09 5:43 AM CST
(Newser) - A German auto parts firm's hopes of a government bailout have been dealt a serious blow with the discovery that it used the hair of Auschwitz prisoners to make fabric, the Independent reports. The Schaeffler company denies the accusations, but an Auschwitz historian says two tons of hair, shaved from... More »

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Germany • Holocaust • hair • automaker • concentration camp • Auschwitz

 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 »

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General Motors • automaker • Ford • auto industry • suppliers • supply chain • auto bailout

 Fiat, Chrysler Talk Partnership 

Deal could allow US firm quick access to small-car parts

Jan 19, 09 1:39 PM CST
(Newser) - Chrysler is in talks with Fiat to form a partnership that could boost the troubled automaker, Automotive News reports. In the deal, Fiat may offer Chrysler access to its platforms, engines, and transmissions for smaller cars, enabling Chrysler to quickly put out a new line of front-wheel-drive, low-emissions vehicles. Fiat... More »

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Chrysler • Detroit • automaker • partnership • Ferrari • Fiat • Maserati

 Plush New Prius Will Hit 50mpg 

As hybrid market goes mainstream, so does iconic car

Jan 13, 09 12:36 PM CST
(AP) - Toyota's sleeker, more fuel-efficient update to its iconic Prius, already the most fuel-efficient vehicle on the market, offers a city-highway average of 50mpg—up from 46—and a bunch of new amenities. Unveiled at the Detroit Auto Show, the 2010 model comes with a more powerful engine, a moonroof, and... More »

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Toyota • fuel efficiency • automaker • Prius • auto industry • hybrid car • Detroit Auto Show

 Cult Appeal Helps 
 Subaru Buck Market 

Loyal, expanding fan base moves sales, market share up in down year for industry

Jan 13, 09 11:51 AM CST
(Newser) - While other car companies are stuck in reverse, Subaru keeps chugging along, Time reports. While its fan base tends to buy cars only every 7.3 years, it remains fiercely loyal to the brand, known for safety, green operations, and good value. Subaru increased sales last year, and boosted its... More »

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automaker • auto industry • cars • Subaru • all-wheel drive

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

OPINION

 Detroit's Not the Only Place  
 That Needs 'Restructuring' 

DC should streamline many useless layers

Dec 19, 08 12:46 PM CST
(Newser) - Lawmakers want to restructure Detroit’s auto industry—but Congress could use a little makeover, too, writes Philip K. Howard in the Wall Street Journal. He offers a prescription to streamline the government as one would a corporation:
  • Dump “legacy obligations.” Like Detroit, Congress must ditch
... More »

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Congress • legislation • government • automaker • restructuring • Washington, DC

 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

21 - 40 of 76 Stories | << Prev 1 2 3 4 Next >>


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