by Paul A. Eisenstein | May 6, 2009
Despite an urgent protest by its home state of Michigan, a federal bankruptcy judge, in New York, has given the initial go-ahead to plans to sell the vast majority of assets of Chrysler. It was a clear victory for the Obama Administration, which is betting on a swift...
by Ken Zino | May 5, 2009
Ford Capri The Ford Capri is celebrating its 40th anniversary, depending on how you calculate the anniversary, since the name goes back to earlier years at the company. The last Capri ended production in 1986, but Capri lives on within many owners’ clubs who...
by Joseph Szczesny | May 5, 2009
Auto mogul Roger Penske played down suggestions he was preparing to pounce on General Motors’ Saturn Group, during a conference call today with reporters and financial analysts. “Penske Automotive has not made an offer to GM for Saturn,” he said....
by Joseph Szczesny | May 5, 2009
“There is no assurance that any transaction will result from Magna’s current involvement,” Magna noted in a statement that confirmed it was bidding for up to 25% share of Opel. Magna’s interest has come under attack in Germany because it does...
by Paul A. Eisenstein | May 5, 2009
Help Wanted: Brilliant, visionary, experienced leader willing to put in countless 24/7 days resuscitating bankrupt manufacturer. Must be thick-skinned, cool under constant fire and already financially independent. Willingness to work for $1 a year a definite plus. ...
by Ken Zino | May 5, 2009
President Obama issued a directive this morning to Secretary Vilsack at the U.S. Department of Agriculture to “aggressively accelerate the investment in and production of biofuels,” by making use of renewable energy financing opportunities from the Food,...
by Paul A. Eisenstein | May 4, 2009
Already set to gain a major stake in bankrupt U.S. automaker Chrysler LLC, the Italian “white knight,” Fiat SpA, may be riding in to sweep up another troubled automotive venture, in this case, General Motors Corp.’s European subsidiary, Opel. Though...
by Ken Zino | May 4, 2009
If wishes were auto sales, than dealers would be riding high, but once again predictions of a resurgence of sales as the spring selling season began in April were made a mockery of as the final data became available. Overall April sales, including domestic and...
by Joseph Szczesny | May 4, 2009
General Motors Corporation is apparently growing more confident that it can sell its Saturn brand. GM said Monday morning that there are a number of competing bids for Saturn, and there is sufficient interest to complete a deal prior to the end of the year. “The...
by Mike Davis | May 4, 2009
There are sets of numbers about the auto industry that few journalists pay much attention to, but they bear considerable weight when General Motors’ current situation and now partially-predictable future are concerned. The numbers other auto and business...
by Paul A. Eisenstein | May 4, 2009
Okay, I admit I’m reaching an age when I fall into the category of “old-timer.” I bought my first car long enough ago that I thought it was well-equipped for having a windshield washer and an FM radio. It also had crank windows, a single mirror on...
by Ken Zino | May 4, 2009
Volkswagen of America launched its first” unedited” consumer blog forum called TDI Truth & Dare this morning. The blog will attempt to promote the difference of diesel from “clean diesel,” as the compression ignition engines continue to...
