by Ken Zino | Feb 23, 2009
Takeo Fukui, Honda Motor’s President & Chief Operating Officer, will be replaced this summer by Takanobu Ito, a 30-year Honda veteran, it was announced earlier today in Tokyo. Ito, currently Senior Managing Director, will become the seventh CEO of Honda...
by Detroit Bureau | Feb 23, 2009
Holding true to its promise to launch a new model at each major, international auto show, Maserati plans to pull the wraps off its new GranTurismo S Automatic at the upcoming Geneva Motor Show. An automatic gearbox has been offered before on the sports car, but only...
by Paul A. Eisenstein | Feb 23, 2009
U.S. Treasury Secretary Timothy Geithner drives a 2008 Acura TSX. Lawrence Summers, the Director of the White House National Economic Council, drives a 1995 Mazda Protégé. Does that matter? It might, suggests a story in today’s Detroit News. The report reveals that...
by Joseph Szczesny | Feb 23, 2009
For a long time, General Motors executives have insisted — often quite vociferously — that they had a serious plan for restoring the company to profitability. The company’s multi-dimensional strategy would pay huge dividends at some point in the...
by Mike Davis | Feb 23, 2009
Amidst all the gloom-and-doom news emanating from and about Detroit lately, it was announced that a new Michigan-based movie production company would take over General Motors’ former Centerpoint office complex in Pontiac, a fairly distant northern suburb of the Motor...
by Paul A. Eisenstein | Feb 23, 2009
Somewhat lost in the near-daily drumbeat of bad news about Detroit’s Big Three, Japan’s automakers are facing a crisis of their own that’s worsening quite rapidly. Barely two weeks after revealing its balance sheet will plunge deep into the red for the fiscal year...
by Paul A. Eisenstein | Feb 20, 2009
With General Motors shares briefly plunging to their lowest level in three-quarters of a century, it should be no surprise that President Barack Obama marked the first meeting of his administration’s new auto task force by declaring there’s a need for a fundamental...
by Ken Zino | Feb 20, 2009
General Motors took another drastic cost cutting step earlier today when its Saab unit filed for reorganization in Sweden. On Friday, the Vänersborg District Court in Sweden approved a request for reorganization and restructuring, which Saab’s representative submitted...
by Ken Zino | Feb 20, 2009
It’s been three years since the last experimental foray from Rolls-Royce Motor Cars, the 101EX of 2006 that subsequently appeared as a two-door coupe version of the Phantom in 2009 for $400,000. In the interim, the green movement gained strength globally; the European...
by Paul A. Eisenstein | Feb 20, 2009
What was supposed to be a celebratory moment just might not happen at all. The 2009 Geneva Motor Show was supposed to bring the official unveiling of the new Saab 9-3X, but as a quick perusal of the headlines, here on TheDetroitBureau.com, will reveal, the Swedish...
by Paul A. Eisenstein | Feb 20, 2009
It’s a rare occurrence, but every so often, an automaker introduces something unique and exciting, a product that creates a niche of its own in an otherwise crowded market. Ford’s Model T was one, of course, as was that automaker’s Mustang, which followed decades...
by Marty Bernstein | Feb 20, 2009
Even as the automobile industry falls deeper and deeper into a monetary abyss, there is marketing minutia. Moments, quotes, media releases, gaffes, news articles, commercials, ads and other arcana that is mystifying, mirthful or murky about the automobile business....
