by Mike Davis | Apr 27, 2009
I’ve been writing in recent weeks about highway safety statistics, built around the fact that last year, the nation recorded the lowest number of road deaths-an estimated 37,313-since 1961, and a rate of deaths per 100 million miles traveled of 1.28, the lowest...
by Ken Zino | Apr 27, 2009
General Motors this morning revised its viability plan by cutting four brands by the end of this year or next, and eliminating at least another 8,000 jobs. It also proposed an exchange offer to bondholders to swap shares of GM common stock for outstanding notes, which...
by Paul A. Eisenstein | Apr 27, 2009
Aston Martin has taken nearly a year to complete the slow striptease that has finally revealed its all-new supercar, the One-77. At last year’s Paris Motor Show, visitors were greeted to a peek at the 2-seater’s fender. At the Geneva Motor Show, this past...
by Ken Zino | Apr 26, 2009
At the same time as the Canadian Auto Workers union was announcing the overwhelming ratification of a new contract by 87% of its members with Chrysler LLC on Sunday evening, the United Auto Workers union in the U.S. issued a statement saying it, too, had reached a...
by Paul A. Eisenstein | Apr 26, 2009
What does it mean when you lose a third of your wealth in a deep economic downturn? For the average consumer, it could leave you struggling for survival, and certainly not in the position, never mind the mood, for buying a new car. Even the world’s most elite...
by Ken Zino | Apr 25, 2009
Late Friday night the Canadian Auto Workers union announced that it had reached a tentative agreement with Chrysler LLC to bring labor costs in line with competitors as required by the Canadian and U.S. governments to continue taxpayer loans. CAW President Ken Lewenza...
by Joseph Szczesny | Apr 24, 2009
Despite reports Chrysler LLC could file for bankruptcy as soon as next week, the U.S. Treasury Department continues to negotiate with the automaker’s creditors in hopes of averting Chapter 11. “Bankruptcy remains the most likely outcome, but it’s not...
by Paul A. Eisenstein | Apr 24, 2009
There’s a rampant prairie fire blazing in the automotive media, and its swept from Detroit throughout the rest of the world. There’s no surprise, considering the current crisis, that even the most mainstream publishers are looking to break news about the...
by Ken Zino | Apr 24, 2009
GM’s reputation might be battered and bloodied these days, but there’s one car that is unbowed with its success taking on the world’s fastest and most expensive sports cars. The Chevrolet Corvette for more than 50 years has proudly, and successfully,...
by Ken Zino | Apr 24, 2009
General Motors has just confirmed that it will draw an additional $2 billion in U.S. Treasury loans to maintain adequate liquidity, as the company continues tense negotiations with bondholders and unions about the concessions needed to revise its business plan....
by Joseph Szczesny | Apr 24, 2009
Ford Motor Company is showing signs of staging a turnaround even as its key competitors General Motors Corporation and Chrysler LLC face bankruptcy. Ford reported it finished the first quarter of 2009 with a large loss $1.4 billion. The loss, however, was...
by Paul A. Eisenstein | Apr 24, 2009
If he didn’t hand you his business card, you might not guess where Ernst Lieb hails from. He’s got an easy-going manner and quick laugh, not the stiff formality Americans typically associate with German executives. His accent is slight and his knowledge...
