auto industry

Stories 421 - 440 | << Prev   Next >>

Just What Is an 'American' Car?
 Just What Is an 'American' Car? 
Analysis
Jan 26, 2009 11:02 AM CST

Just What Is an 'American' Car?

As automakers expand globally, just what helps US economy most?

(Newser) - Lawmakers hoping to give a boost to the American economy by investing in the auto industry might get as much bang for their buck by sinking money into Honda or Toyota as they would Ford, Chrysler, or General Motors, the Wall Street Journal notes. The auto industry has become too...

Obama to Back Strict New Fuel Standards Today

Prez plans to grant California rules stalled by Bush

(Newser) - In a dramatic reversal of his predecessor's policies, President Obama will ask federal regulators to approve an application from California and 13 other states to impose fuel efficiency standards stricter than those required by federal law, reports the New York Times. The measure will force the auto industry to adapt...

After 77 Years, GM Cedes Sales Crown to Toyota

Both automakers post drops, but Japanese firm sells more worldwide than US giant

(Newser) - General Motors’ 77-year reign as the world’s top-selling automaker ended in 2008, the Detroit Free Press reports, overtaken at last by Toyota. The troubled US giant announced today its sales dropped 11% for the year, to 8.35 million vehicles; Toyota, despite a 4% dip, sold 8.97 million...

Chrysler Needs $3B From Feds to Lock Deal With Fiat

The automakers have agreed to an alliance, but only if Chrysler gets another loan

(Newser) - Chrysler and Fiat have agreed to a deal that would give the Italian automaker a 35% stake in the US company, but there’s a hitch: it doesn't become final unless Chrysler bags another $3 billion from the federal government, reports the Wall Street Journal. The partnership will give Chrysler...

Chrysler's Loan Arm Gets $1.5B Federal Loan

Attempt to unfreeze auto-loan market is on top of $17B coming to Detroit from TARP

(Newser) - The Treasury Department will lend Chrysler’s financing arm $1.5 billion to encourage the struggling auto-loan market, the Washington Post reports today. The 5-year loan comes at an interest rate of about 1.36%, and carries limits on executive compensation: Chrysler Financial will have to cut its bonus pool...

Drivers Learning to Love Older Cars

Maintenance cheaper than payment for newer models, consumers find

(Newser) - Thanks to the ongoing recession, drivers accustomed to trading in their vehicles often are warming to the idea of a longer covenant with their cars, the Wall Street Journal reports. While the concept might puzzle the less well-heeled, “the 3-year ownership mentality has crumbled,” one insider said. And...

Resilient Detroit Will Come Back Strong
Resilient Detroit
Will Come Back Strong
OPINION
Jan 13, 2009 5:52 PM CST

Resilient Detroit Will Come Back Strong

Detroit and its automakers won't quit at any cost

(Newser) - When Congress bailed on aid for Detroit automakers last month, it felt like lawmakers "had just voted to turn the lights out on the Motor City," Detroiter Sarah Webster writes in the Free Press. But even as the Big Three dance dangerously close to bankruptcy, she refuses to...

Plush New Prius Will Hit 50mpg
 Plush New Prius Will Hit 50mpg 
Jan 13, 2009 12:36 PM CST

Plush New Prius Will Hit 50mpg

As hybrid market goes mainstream, so does iconic car

(Newser) - Toyota's sleeker, more fuel-efficient update to its iconic Prius, already the most fuel-efficient vehicle on the market, offers a city-highway average of 50mpg—up from 46—and a bunch of new amenities. Unveiled at the Detroit Auto Show, the 2010 model comes with a more powerful engine, a moonroof, and...

Cult Appeal Helps Subaru Buck Market

Loyal, expanding fan base moves sales, market share up in down year for industry

(Newser) - While other car companies are stuck in reverse, Subaru keeps chugging along, Time reports. While its fan base tends to buy cars only every 7.3 years, it remains fiercely loyal to the brand, known for safety, green operations, and good value. Subaru increased sales last year, and boosted its...

Flashy Fare at Detroit Auto Show

Ogle the new beauties here

(Newser) - These may be dire times for the auto industry, but that hasn’t stopped it from putting on a show. Plenty of concept cars are taking their bows at the 2009 North American International Auto Show in Detroit, the Wall Street Journal notes; sort through some highlights in the slide...

Jobs to Ditch Before the Recession Does It for You

Auto industry, real estate among worst fields

(Newser) - Want to keep your job this year? Steer clear of these professions, which a new study says will be hard-hit by the recession, Australia's News Network reports:
  • Car salesperson
  • Real estate agent
  • Investment banker
  • Prawn fisherman

Lost Your Job? Hyundai Will Buy Your Car Back

New incentive plan offers mostly risk-free ownership for a year

(Newser) - With rebates and other incentives failing to entice buyers, Hyundai is letting hard-luck owners return their cars, CNNMoney reports. Buyers who can't make payments because they got fired or went bankrupt are allowed to trade cars back with little or no obligation, within a year. "The goal is that...

Dow Dips 81 on Autos, Building
Dow Dips 81 on Autos, Building 
MARKETS
Jan 5, 2009 3:20 PM CST

Dow Dips 81 on Autos, Building

Several wireless and financial firms fall after downgrades

(Newser) - Stocks fell today as the markets digested poor, but better-than-forecast, reports in auto sales and construction spending, the Wall Street Journal reports. Though the Dow rose to an 8-week high Friday, it fell 81.80 today to close at 8,952.89. The Nasdaq lost 4.18, closing at 1,...

Auto Sales Take a Drubbing in December
Auto Sales
Take a Drubbing in December
UPDATED
Jan 5, 2009 1:28 PM CST

Auto Sales Take a Drubbing in December

Chrysler off 53%; GM, Ford, Toyota, Honda all down more than 30%

(Newser) - Chrysler's sales were off 53% in December compared to the same time last year, the Wall Street Journal reports today, with Ford's off 32% and General Motors down 31%, further indicating a steep decline in US demand for cars. Foreign makers took an even harder hit last month: A 35%...

Car Tech Advances Can Recharge Detroit
Car Tech Advances Can Recharge Detroit
OPINION
Jan 3, 2009 11:54 AM CST

Car Tech Advances Can Recharge Detroit

(Newser) - Detroit needs to heed Henry Ford's advice and take failure as "the opportunity to begin again more intelligently," Sebastian Thrum and Anthony Levandowski write in the New York Times. Here are four technologies that can help the Big Three automakers turn things around:
  • Car-to-car communication: Wireless technology will
...

Ford to Offer Self-Park Cars; Kerkorian Sells Stake

New Lincoln MKS models will park themselves in effort to woo car buyers

(Newser) - Ford plans to offer two models with a self-parking function at the Detroit auto show next month, the Wall Street Journal reports, in the continuing effort to woo buyers with new technology. But  the company's image among investors remains tarnished, as billionaire Kirk Kerkorian confirmed yesterday that he sold his...

Stocks Flat Despite Auto Help
 Stocks Flat Despite Auto Help 
MARKET Open
Dec 30, 2008 8:53 AM CST

Stocks Flat Despite Auto Help

(Newser) - Stocks continued their holiday nap today, opening only modestly higher despite an expansion of the auto bailout. The Dow rose 57 points, while the Nasdaq and S&P each rose 0.6%. GM and Ford climbed11% and 2.7% respectively on news that the government would toss $6 billion to...

GMAC Grabs $6B Federal Lifeline

Government uses bailout funds used to buy stake in auto finance giant

(Newser) - The federal government is dishing out a $6 billion bailout to keep auto financing giant GMAC afloat, the New York Times reports. The Treasury Department will spend $5 billion to buy a stake in the former General Motors subsidiary, and will loan GM a further billion so the company can...

GM Finance Arm Converts, Will Tap Bailout

Fed approves GMAC's request to become bank-holding company

(Newser) - The Federal Reserve today approved a request by General Motors’ financial arm to become a bank-holding company so it can petition for money from the $700 billion bailout pot, the Wall Street Journal reports. GMAC would also have access to direct Fed loans, helping loosen credit and complement the $17....

Tata Gives Jaguar Cash Infusion

Troubled automaker turns to its Indian owner to help with cash-flow crisis

(Newser) - The British government, considering a bailout of its own auto industry, got a little wiggle room after Tata, the Indian firm that owns Jaguar Land Rover, said it would make a major cash injection into the ailing automaker that employs more than 15,000 workers in Britain. The company said...

Stories 421 - 440 | << Prev   Next >>