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September 2008
- Sales Skid Again for GM, Ford, Toyota
  
  Bloomberg | Sep 3, 08 3:10 PM CDT
  
  (Newser) - General Motors, Ford and Toyota reported dramatic declines in sales for August stemming from the weak US economy and record gas prices, Bloomberg reports. Ford's domestic sales plunged 27% and GM's 20%, and both automakers will cut second-half production by the tens of thousands. Toyota fared better, down just 9.4%, though all saw large declines in the sales of SUVs. 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 »
July 2008
- GM, Ford Join Chrysler in Retreat From Leasing
  
  Wall Street Journal | 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 and trucks, which has led to steep losses for the automakers when they resell the vehicles at the end of the lease period. More »
- Ford Posts $8.7B Loss, Will Make Fewer Trucks
  
  Associated Press | Jul 24, 08 9:08 AM CDT
  
  (AP) - Ford Motor Co. lost $8.67 billion in the second quarter and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles, the company announced today. The net loss includes $8.03 billion in writedowns due to a decline in the value of its truck and SUV inventory, as well as Ford Motor Credit Co.'s truck-heavy lease portfolio. More »
- In Need of Big Ideas, Ford Thinks Small
  
  Wall Street Journal | Jul 19, 08 4:28 PM CDT
  
  (Newser) - Ford Motor Company will be repurposing some of its US plants to manufacture smaller, more fuel-efficient cars, the Wall Street Journal reports. As rising gas prices drive falling sales of behemoths like the F-150, insiders say the company will move toward making more of the passenger cars, like the Mondeo, that are mainly sold in Europe. More »
- US Auto Sales Off Big, But GM Holds Top Spot
  
  Detroit News | Jul 1, 08 2:40 PM CDT
  
  (Newser) - Sales for General Motors, Ford and Toyota all fell by double-digit percentages in June compared to the same month last year, while Honda managed an 11% gain, the Detroit News reports—with GM holding off Toyota as top US seller. In general, consumers passed over big, fuel-guzzling vehicles and luxury sedans for smaller, fuel-efficient models. 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 »
- What's Hot? Some Guzzlers Among the Sippers
  
  Wall Street Journal | Jun 25, 08 10:03 AM CDT
  
  (Newser) - Soaring gas prices have predictably driven sales of gas-sipping vehicles such as Honda’s Fit and Toyota’s Scion xB, which have seen increases of 64% and 59% respectively, reports the Wall Street Journal. But guzzlers such as Toyota's Sequoia and Tundra are also selling surprisingly well (29% and 8.5%, respectively). More »
- Plunging Truck Sales Drive Ford Deeper Into the Red
  
  Wall Street Journal | Jun 21, 08 9:12 AM CDT
  
  (Newser) - Ford's recovery plans have been sent careening off the road by the continuing drop in truck and SUV sales, the Wall Street Journal reports. The company, which now expects this year's losses to top 2007's $2.7 billion, has given up hope of being back in the black by 2009. The ailing Detroit giant has cut production again and delayed the launch of its new F-150 pickup. More »
May 2008
- SUV Credit Crunch Rolls Over Ford
  
  Wall Street Journal | May 30, 08 10:18 AM CDT
  
  (Newser) - Ford's plans to get back in the black are being forced off the road by woes at its lending arm, the Wall Street Journal reports. The auto giant made a lot of cut-rate loans on trucks and SUVs in recent years and has been unable to recoup losses on bad loans through repossessions because of the plummeting resale value of bigger vehicles. More »
- SUVs Plunge in Value as Drivers Turn to Smaller Cars
  
  CNN | May 24, 08 8:21 AM CDT
  
  (Newser) - SUVs are falling out of fashion fast as gas prices go through the roof, CNN reports. As drivers downsize to more fuel-efficient vehicles, gas-guzzlers are filling up used-car lots—but there aren't many buyers. The biggest SUVs—like the Cadillac Escalade, Ford Expedition, and Chevy Suburban—are dropping in value by the thousands, a dealer reports. More »
- Mercury Line May Hit the Scrap Heap
  
  Los Angeles Times | May 10, 08 6:52 PM CDT
  
  (Newser) - Once a four-wheeled icon of cool, Ford's Mercury brand is steadily losing traction and may soon be parked for good, the Los Angeles Times reports. Ford has not yet announced a plan to scrap the line, but one key stockholder is urging the company to let it go. "Mercury has one more product cycle left in it, and then will almost certainly be retired as a brand," one analyst said. More »
April 2008
- Kerkorian Bets Big on Ford Turnaround
  
  Wall Street Journal | 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 buy 20 million more for $8.50 apiece, 13% more than their market value Friday. More »
- Ford Surprises With $100M Q1 Profit
  
  Bloomberg | Apr 24, 08 7:28 AM CDT
  
  (Newser) - Ford today posted an unex