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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 »
- Protests Threaten World's Cheapest Car
  
  Der Spiegel | Aug 26, 08 3:51 PM CDT
  
  (Newser) - The promised October launch of a $2,500 car by India’s Tata Motors is in jeopardy after massive protests at its West Bengal factory, Der Spiegel reports. Led by the state's opposition leader, 30,000 demonstrators promised a "fight to the finish" for land they say the government acquired illegally. Tata insists its Nano will be delivered on time even if the factory must move. More »
- Top 10 Priciest Cars to Own
  
  Forbes | Aug 13, 08 9:00 AM CDT
  
  (Newser) - Gas prices may be sinking, but the owners of luxury and high-performance vehicles wouldn't know it. Factoring in $4-plus premium gas, depreciation, insurance, fees, and sales tax, some top cars cost double over a 5-year stretch what owners first paid. Forbes wheels out the priciest (including 5-year pricetag): More »
- Small Dips in Gas Prices Send Drivers Back to SUVs
  
  Los Angeles Times | Aug 12, 08 2:04 PM CDT
  
  (Newser) - Oil prices have been falling since mid-June, and though it’s debatable whether speculators or market fundamentals drove the boom (and now possible bust), it is clear that $4 a gallon gas crimped demand. But for how long? With prices now again below that psychological threshold but still $1.19 more than a year ago, auto industry data suggest that even mild relief could reverse the trend toward fuel efficiency, the LA Times reports. More »
- Lexus Most Reliable, Again
  
  AutoWeek | Aug 7, 08 5:30 PM CDT
  
  (Newser) - A new study by JD Power and Associates places Lexus on top for dependability for the 14th straight year, AutoWeek reports. Filling out the rest of the top five most dependable brands, with reported problems per hundred vehicles sold: 2. Mercury (151) 3. Cadillac (155) 4. Toyota (159) 5. Acura (160) 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 »
- Car Sharing Rides $4 Gas to Increased Popularity
  
  Newsweek | Aug 5, 08 4:02 PM CDT
  
  (Newser) - With gas prices hovering around $4 a gallon, car sharing as an alternative to car ownership is finally gaining traction, reports Newsweek. Started 8 years ago, the best-known car-sharing company, Zipcar, rents communal vehicles by the hour or day. Both cost-efficient and eco-friendly, the company charges members about $10 an hour, including gas and insurance. More »
- Used Prius Prices Soar on Surging Demand
  
  Advertising Age | Aug 4, 08 2:10 AM CDT
  
  (Newser) - Demand for Toyota's fuel-efficient hybrid Prius is so high that used models are fetching more on the open market than dealerships charge for a new one, reports Advertising Age. Buyers are in a frenzy to get their hands on a Prius immediately, but new cars are often on back order because Toyota can't keep pace with demand. Some dealers are offering to buy used cars back at their original prices to resell them at a profit. More »
- Washington Wants You to Guzzle Gas
  
  Newsweek | Aug 3, 08 3:28 PM CDT
  
  (Newser) - As gas prices rise, Americans are driving less—and fewer dollars are flowing into the gas-tax-fueled Federal Highway Trust Fund. President Bush’s illogical response? To take money out of public transportation and put it in the highway fund—the latest bizarre example of officials intent on promoting and subsidizing the automobile, Daniel Gross writes in Newsweek. More »
- Jobs, Earnings Spur Losses
  
  MarketWatch | Aug 1, 08 3:25 PM CDT
  
  (Newser) - Stocks fell today as investors absorbed a slate of poor earnings reports and glum but not awful economic reports. Crude rose $1.02 a barrel, and shares in every sector other than energy fell, MarketWatch reports. The Dow dropped 51.70 to 11,326.32, the Nasdaq shed 14.59 to close at 2,310.96, and the S&P 500 fell 7.07 to 1,260.31. More »
- GM Loses $15.5B, Stuns Street
  
  Wall Street Journal | Aug 1, 08 8:20 AM CDT
  
  (Newser) - General Motors stunned Wall Street today, reporting a $15.5-billion second-quarter loss—a figure far worse than anything analysts had predicted—as sales collapsed on the company's most profitable products, trucks and SUVs. Prognosticators had estimated the automaker would lose $2.62 per share, excluding items; instead the loss came in at $11.21 a share, and with items that figure ballooned to $27.33, the Wall Street Journal reports. More »
July 2008
- GM, Ford Join Chrysler in Retreat From Leasing
  
  Wall Street Journal | Jul 30, 08 8:00 AM CDT