J. D. Power and Associates released its new 2009 sales satisfaction index. The survey covers responses from 48,000 people and “is measured for five factors: dealership facility; salesperson; paperwork/finance process; delivery process; and vehicle price.” Of…
GM Chairman and interim CEO Ed Whitacre said he has no idea how long it will take to find a permanent chief. He told GM employees it could take a year. He is not…
There are a number of reasons that current GM Chairman and former AT&T (NYSE:T) chief Ed Whitacre is an extremely poor choice to run the car company. The most obvious is that he has…
General Motors may be looking more like Government Motors every day. Fritz Henderson is stepping down according to a report from CNBC’s Phil Lebeau, citing sources. What is not clear is if Henderson was…
GM is being pulled out of US soil by its roots. For the first time in history the company posted monthly sales in a foreign country that were higher than the domestic figure. GM’s November…
GM reports that the company and its joint ventures sold 177,339 vehicles in China in November, an increase of 110%. GM’s sales in the US were down by a third in the first three quarters of this…
The big news about November car sales is that Chrysler continues to lose market share at a remarkable and unsustainable rate. Edmunds predicts that Chrysler sales will drop 35% from the same month last year,…
Car sales may slip over the next few months, but not every company will be affected equally. New research from ChangeWave shows that the bankruptcy and turmoil around GM and Chrysler is keeping buyers…
By Douglas A. McIntyre A new 2010 Chrysler with $4,000 cash back? Large incentive programs for new cars are usually set up to help dealers dump inventory they cannot sell or clear lots of…
24/7 Wall St. looked at a very large number of Nascar crashes to assess which were the most expensive. The crashes reviewed occurred between 2002 and the present. A Fox Sports analysis estimates that the…
The AP reports that South Korean auto groups claim that the Asian country exported 600,000 cars and light trucks to the US last year. Only 7,000 American autos were sold in South Korea during that…
Donaldson Company Inc (NYSE: DCI) rose over 8.5% to a yearly high of $45.19 after the air filter maker reported 3Q earnings of $0.45 per share, beating analyst estimates. NetApp Inc. (NASDAQ: NTAP)…
Both the government and GM management are talking about an IPO at the end of 2010 that would allow the taxpayers to get the money that they put into the No.1 car company in America…
The Insurance Institute for Highway Safety came out with its annual list of safest cars. Ford (NYSE:F) and its Volvo unit got six awards, VW and Subaru each got five. Chrysler had four cars…
The restructuring of the American car business is still a work in progress. Chrysler laid people off as late as last month. The industry fired tens of thousands of people during 2008 and 2009.…