The employee bloodletting in the automotive industry is not confined to the US where hundreds of thousands of factory workers have lost their positions over the last decade. The largest car company in Russia…
Some GM dealers have elected to opt out of the car company’s 60-day satisfaction guarantee program. Under the terms of the promotion a buyer can purchase a Chevy, Buick, GMC or Cadillac, and keep…
24/7 Wall St. sat down with Alan Mulally, who has been Ford’s (F) CEO for three years, on September 15. The interview covered Ford’s major plans, the global car markets, and the effects of the…
KAR Holdings, Inc. is going to sound like a bit of a strange initial public offering if you have gotten used to the dismal US auto industry. The company has filed for an IPO…
The “cash for clunkers” program was not kind to GM. It did not have a single vehicle on the list of the ten most purchased cars which was dominated by Toyota (TM), Honda (HMC),…
The “cash for clunkers” program was not kind to GM. It did not have a single vehicle on the list of the ten most purchased cars which was dominated by Toyota (TM), Honda (HMC),…
The GM board, which was looking at four or give options for its Opel units, has apparently decided to sell it to Magna, one of the current bidders. According to an exclusive report in The…
GM may have learned something from its US-government backed bankruptcy in America. A car company can make it through Chapter 11 successfully and live to have its balance sheet better off and its operations…
Taxpayers will probably not get the tens of billions of dollars that they put into Chrysler and GM back, ever. That is the opinion of the Congressional Oversight Panel. The committee also expressed concerns…
The “cash for clunkers” data by car manufacturer and model type is incorrect. The Department of Transportation numbers reports cars by drive train and not by brand. Edmunds was able to see part of…
August light vehicle sales in the US have to be good. The “clunkers” program produced almost 700,000 sales. The industry might as well enjoy it while its lasts. September and the rest of the…
August light vehicle sales in the US have to be good. The “clunkers” program produced almost 700,000 purchases. The industry might as well enjoy it while its lasts. September and the rest of the…
Toyota (TM) plans to cut its global capacity to manufacture vehicles by as much as one million units per year. It now has the ability to build 10 million autos, but will only make…
GM’s aged product chief, Robert Lutz, says he can tell a successful car by looking at it. Marketing studies are useless. Car men can spot a good car a mile away. Lutz must have…