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September 2008
- House OKs $25B Detroit Rescue
  
  Detroit Free Press | Sep 25, 08 3:29 AM CDT
  
  (Newser) - The House has approved a $25 billion lifeline to Detroit's battered auto industry, the Detroit Free Press reports. The package of low-interest loans to help automakers switch to manufacturing more fuel-efficient vehicles is expected to be approved by the Senate today and signed by the president soon after. Michigan lawmakers cheered the news, saying it would save thousands of jobs. More »
- Chrysler Goes Electric
  
  Wall Street Journal | Sep 23, 08 12:20 PM CDT
  
  (Newser) - Chrysler is hopping on Detroit's belated eco-friendly bandwagon, a source tells the Wall Street Journal, with a full stable of electric cars and trucks that it plans to market starting in late 2010. While most of the planned models are hybrids, at least one will be a fully electric car which will go 150-200 miles on a charge. More »
- Auto Giants Press Congress for $25B Loan
  
  Detroit Free Press | Sep 18, 08 9:43 AM CDT
  
  (Newser) - The CEOs of US auto giants seem to have convinced some in Congress they, too, need billions in federal loans, the Detroit Free Press reports, though it’s uncertain if they’ll get the $25 billion they’re asking for. High oil and commodity prices and tightened credit threaten jobs in an already ailing industry, the heads of General Motors, Ford, and Chrysler told lawmakers yesterday. More »
- Small Cars Carry Big Price Tags
  
  USA Today | Sep 3, 08 10:57 AM CDT
  
  (Newser) - With sales of SUVs and trucks dwindling, car companies have begun to push smaller, more fuel-efficient models—but not for the same small prices. Without the $10,000 profit that was typical on SUVs, automakers can no longer sell cars like the Ford Focus for an average profit of $100. Some are using extras to lure higher-spending customers. More »
August 2008
- Viper Might Be Luxury Chrysler Can Do Without
  
  BusinessWeek | Aug 28, 08 3:15 PM CDT
  
  (Newser) - Despite a $1.1 billion operating profit in the first half of the year, Chrysler is hemorrhaging money. In a bid to raise another billion, the company is looking to sell off its iconic Dodge Viper line, BusinessWeek reports. The Viper has sold a mere 594 cars since January, and has become a specialty product removed from the rest of Chrysler's line, experts say. More »
- Chrysler Looks to Team With Nissan on Midsized Cars
  
  Wall Street Journal | Aug 7, 08 7:41 AM CDT
  
  (Newser) - Chrysler is in talks to team up with Nissan to produce midsized cars, the Wall Street Journal reports, following an earlier deal to jointly produce pickup trucks and subcompact cars . The move could represent what the Journal calls a "radical new business model," in which Chrysler becomes a marketer and seller of cars made by others, rather than relying on its own engineering. More »
July 2008
- Chrysler to Scrap Leasing
  
  Detroit Free Press | Jul 26, 08 12:07 PM CDT
  
  (Newser) - Chrysler will no longer offer auto leases through its financial arm, due to the declining value of used automobiles, particularly trucks and SUVs, the Detroit Free Press reports. Instead, it plans to focus on financing, which could lead to better deals for those who buy cars through loans. Given the present economic climate, “Chrysler is just trying to minimize risk,” one industry-watcher said. More »
June 2008
- Obama Meets With Top Automakers Amid Tension
  
  Wall Street Journal | Jun 26, 08 1:07 PM CDT
  
  (Newser) - Barack Obama is meeting with two of the Big Three in encounters the Wall Street Journal says “could thaw festering tension” between the Dem and America’s automakers. A year after Obama criticized the companies for fighting fuel-economy standards and rewarding “failure with lucrative bonuses for CEOs,” he met with Ford’s chief yesterday in a summit the businessman called “productive.” More »
- Chrysler Plans Wi-Fi on 2009 Models
  
  Los Angeles Times | Jun 25, 08 8:30 AM CDT
  
  (Newser) - Struggling automaker Chrysler—the weakest of Detroit’s Big Three—is looking to the information highway to gain an advantage. To the dismay of some highway safety experts, the automaker will offer wireless Internet access as an option in all of its 2009 models, the Los Angeles Times reports. More »
May 2008
- Buy Our Minivan, Give Your College Fund a Boost: VW
  
  Lef Lane News | May 8, 08 7:05 PM CDT
  
  (Newser) - Volkswagen is offering an innovative incentive to parents to buy their Chrysler-built Routan minivan: $1,500 in a college savings plan, Left Lane News reports. The partnership with Upromise might pale to those with more pressing concerns (or who hate planning ahead), though: Chrysler itself is offering a credit card that locks in gas prices for three years. More »
April 2008
- Pickup Sales Plummet to 10-Year Low
  
  BusinessWeek | 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 to the freefall, but the housing crisis—and an attendant drop in carting construction loads—may have had the most impact. More »
- Detroit Looks to Pump Up Exports
  
  Wall Street Journal | Apr 8, 08 12:47 PM CDT
  
  (Newser) - The dollar’s declining value, lower labor costs, and other terms of new UAW deals have US automakers looking overseas as they attempt to reclaim market share and profitability, reports the Wall Street Journal. About half of US vehicle exports in 2007, which totaled $50.66 billion, went to Canada and Mexico, and automakers now are looking to emerging markets in China and Latin America. The weak dollar "improves export competitiveness and potential profitability," says GM's president. More »
March 2008
- Car Makers Prepare for a Crash
  
  Wall Street Journal | Mar 20, 08 9:06 AM CDT
  
  (Newser) - The slumping US economy is casting shadows over the New York Auto Show, as industry forecasters this week cut their projections for sales of new cars and light trucks in 2008 to less than 15 million, the lowest level in 14 years. Chrysler, GM, and Ford, who had been projecting sales of 15.5 to 15.7 million, are preparing for a fresh round of belt tightening, the Wall Street Journal reports . More »
- Chrysler Will Shut Down for 2 Weeks
  
  Wall Street Journal | Mar 13, 08 1:32 PM CDT
  
  (Newser) - Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational lines and boost productivity,” says the memo, obtained by the Wall Street Journal . More »