by Ken Zino | May 13, 2009
On May 17, 1929, Edsel Ford, son of founder Henry Ford, dug into a low-lying marsh with a silver spade, to celebrate the, err, swamp-breaking beginning of an English plant outside of London that today makes more than 1 million engines annually for use in European...
by Paul A. Eisenstein | May 13, 2009
With a half-dozen of its own senior executives selling off stock, the once titanic shares of General Motors Corp. seem increasingly likely to plunge into the penny stock category, industry analysts warn, far below the already abysmal low GM hit on Tuesday. Shares...
by Ken Zino | May 13, 2009
Ford Motor Company (NYSE: F) announced late yesterday that it has agreed to sell 300 million shares of its common stock in a public offering at a price of $4.75 per share for total gross proceeds of about $1.4 billion. Ford also granted to the underwriters a 30-day...
by Paul A. Eisenstein | May 13, 2009
Keep It Simple, Stupid. It’s sound advice, especially when it comes to naming a fleet of automobiles. Over the years, we’ve watched the Mercedes-Benz line-up grow from the easily remembered C-, E- and S-Class models to a procession of increasingly...
by Paul A. Eisenstein | May 12, 2009
There’s no such thing as a sure bet, not unless you’re the one holding all the cards. Then again, maybe that describes the Mercedes-Benz E-Class, the sedan that has long dominated the midsize luxury market. Early this year, the German maker pulled the...
by Ken Zino | May 12, 2009
Former President Jimmy Carter, as part of his appearance today at the U.S. Senate Foreign Relations Committee hearing on energy security made important observations about the history of U.S. energy policy and its current failure to cut down on oil imports. He...
by Joseph Szczesny | May 12, 2009
A new survey from Harris Interactive indicates that more than four in five U.S. adults believe the United States must become a leader in hybrid vehicles. Conveniently enough, the survey, which was commissioned by Johnson Controls, the nation’s largest maker of...
by Ken Zino | May 12, 2009
The U.S. Environmental Protection Agency is calling for a science-based review of the four renewable fuel categories that it announced earlier this month under its proposed Renewable Fuels Standard (RFS2). For the first time, some renewable fuels must achieve...
by Ken Zino | May 12, 2009
More than 25,000 consumers who purchased or leased new cars or light trucks last fall have been asked if they would recommend their vehicle to a friend. Porsche leads as the top brand, with the highest owner recommendation of 91%. The vehicle – car or truck...
by Detroit Bureau | May 12, 2009
With summer and the high costs of cooling right around the corner, EPA is offering advice to help Americans reduce both energy bills and greenhouse gas emissions by one third through Energy Star. The energy used in an average home costs more than $2,200 a year and...
by Paul A. Eisenstein | May 12, 2009
The toll from the global automotive recession continues to mount, with both Mazda and Nissan reporting losses, the larger maker its first in a decade. But neither automaker approached the massive losses posted by the Japanese giant, Toyota, which underscored the depth...
by Brenda Priddy | May 12, 2009
In the words of our photographer: Maserati’s most exciting car at present – the GT – will soon be given a beautiful sister, and she’ll be walking around topless at times: Spotted at the German Nürburgring earlier today was this prototype of a...
