by Paul A. Eisenstein | Mar 30, 2009
Both General Motors and Chrysler have reportedly failed to convince the White House that they can survive in current form, leading Pres. Barack Obama to order GM to restructure, during the next 60 days, and its cross-town rival to complete a proposed alliance with the...
by Paul A. Eisenstein | Mar 30, 2009
France’s leading automaker, PSA Peugeot-Citroen, announced it had ousted CEO Christian Streiff, following an emergency meeting of its board of directors, Sunday, citing the industry’s “exceptional difficulties” for forcing the change in top...
by Ken Zino | Mar 30, 2009
Early this morning a scrambling public relations operation at General Motors confirmed that Rick Wagoner is stepping down as chairman and CEO, effective immediately. Wagoner, 56, was named president and CEO in 2000, and assumed the role of chairman in 2003. Fritz...
by Detroit Bureau | Mar 29, 2009
While an official announcement is not expected until sometime Monday, General Motors Chairman and CEO, Rick Wagoner, is expected to resign after eight years as head of the struggling automaker at the direct request of the White House. That, insiders report, was the...
by Joseph Szczesny | Mar 29, 2009
While the U.S. industry and associated pundits were transfixed by the apparent decision of the Obama administration to force out Rich Wagoner, CEO of General Motors, to give it political cover for an extension in loans, Chrysler and the Canadian Auto Workers remained...
by Ken Zino | Mar 29, 2009
President Obama, in an appearance on CBS’ Face the Nation that was broadcast Sunday said automakers must do more to receive additional financial aid from the U.S. government. The show was taped last Friday, and it is not known what, if any, progress has been...
by Ken Zino | Mar 28, 2009
In the twisted logic of automotive marketing, calling a four-door a “coupe” makes sense. And it also takes some work to provide a sport utility with a performance image. But that’s what BMW hopes to do when it presents in New York next month the M...
by Ken Zino | Mar 28, 2009
Late Friday afternoon as the Auto Task Force was working over the restructuring plans of Chrysler and General Motors, the President’s press secretary, Robert Gibbs, confirmed that on Monday the President will speak about his requirements for continued aid for...
by Brenda Priddy | Mar 28, 2009
The first spy-photos of the real prototype of the forthcoming Ferrari F450 have emerged – and the car photographed doesn’t wear an inch of disguise! While some of the body pieces are missing on this prototype, a large portion of the production sheet metal...
by Paul A. Eisenstein | Mar 27, 2009
As I set out on a beautiful, early Spring morning for the winding open roads north of Los Angeles, my mind turns back to the frigid cold morning, just a wee bit more than 20 years before, when Nissan formally pulled the wraps off its new luxury brand, Infiniti. The...
by Joseph Szczesny | Mar 27, 2009
Chrysler LLC and the Canadian Auto Workers remained locked in a bitter dispute over contract concessions as the deadline for resolution of the issues drew close. The CAW said it was willing to keep negotiating over a new contract with the Canadian subsidiary of...
by Ken Zino | Mar 27, 2009
The Department of Transportation has issued new fuel economy standards for cars and light trucks for the 2011 model year. They will raise the industry-wide combined average to 27.3 miles per gallon — a 2.0 mpg increase over the 2010 model year average– as...
