Consumer Reports came out with its annual new car reliability survey. The study is widely anticipated because it pre=”it “>is based on the opinions of 1.4 million people and because the Consumers Union is considered…
Fiat never managed to sell many cars in the U.S. when it was competing with The Big Three and the Japanese makers, and in 1981 it pulled out of the American market altogether. That…
When GM decided to close its Saturn and Pontiac brands it forgot to put a “do not resuscitate” sign on Cadillac. Cadillac is in trouble, and that trouble is likely to get much worse…
Hyundai Motors has done what no other global car company has–grown through the recession. The Korean operation released financial results. It believes it will sell over three million cars this year compared to 2.8 million…
The German government got in trouble with EU regulators because it only offered $6.7 billion in aid to one of the bidders for GM’s Opel unit. That bidder was Canadian car parts company Magna (NYSE:MGA)…
When GM”s board was mulling its options for its European operation including Opel, there were rumors that it might simply choose to keep the company and ride out the car industry’s recession storm. The…
China has been critical to the attempts by the US government to pull the economy out of its downward spiral. The People’s Republic has accommodated America by continuing to fund the deficit with its…
GM’s sales may be taking a thrashing in its home market, but Chines sales for the No.1 US car company are getting good enough to trump the company’s trouble in America, or at least…
It is now all but set. China machinery firm Tengzhong will pay GM $150 million for Hummer, one of the most well-known SUV brands in the world. A product by the same name has…
Today Accuride Corporation, an auto parts manufacturer, filed for protection under Chapter 11. In the proposed restructuring agreement will cancel all senior subordinated notes. Holders of those notes will receive 98% of the common…
Toyota Motor Corp. (NYSE: TM) is not trading lower on a patent investigation in the United States. There is no way to know at this time just how broad the implications could be for…
Chrysler is in deep trouble. It is deep enough that analysts and the media have questioned whether it has enough cash to make it through a turnaround, especially in a harsh auto sales enviroment…
Rumors, credible rumors, are beginning to circulate in the car industry and the automotive press, that Chrysler may not make it another year primarily due to its falling sales and growing financial losses at partner…
The expected recovery of the American car business was supposed to be based on huge cost cuts at all three domestic companies and improved product lines based largely on a desire among US drivers…
GM’s fairly new CEO Fritz Henderson did not get his job as recently as the car company’s chairman Ed Whitacre did, but neither has been in his current role for even a year.