by Joseph Szczesny | Jun 30, 2009
While Lear Corporation, one of the nation’s largest automotive suppliers, is on the edge of bankruptcy, the Obama Administration’s Automotive Task Force appears to be actively lining up support from the private sector to help auto suppliers. Following the...
by Ken Zino | Jun 30, 2009
At least 13 other states and the District of Columbia have said that they intend to follow California in instituting tougher standards than previously called for under federal regulation. Since these areas comprise about 40% of new car sales, it is possible that...
by Ken Zino | Jun 30, 2009
The U.S. International Trade Commission (USITC) said yesterday it will propose to President Obama that tariffs be implemented by the Administration on the 46 million tires imported annually from China. The latest action follows the Commission’s June 18th ruling...
by Paul A. Eisenstein | Jun 30, 2009
Hoping to overcome mounting concerns about rising fuel prices, Hyundai has introduced a new incentive program that will let owners buy gas at $1.49 for a full year. Dubbed the “Hyundai Assurance Gas Lock” program, it’s the second marketing campaign...
by Paul A. Eisenstein | Jun 30, 2009
Talks between General Motors and the Canadian auto parts giant, Magna International, appear to be running into snags, threatening the planned sale of a majority stake in GM’s huge and troubled European subsidiary, Opel. A number of alternatives bidders are now...
by Joseph Szczesny | Jun 30, 2009
For the last three decades, General Electric has been considered the fount of wisdom in industrial America, although its fabled financial performance has been revealed as an insurance based scam, which allowed it to boost and smooth earnings. GE has also been a noted...
by Ken Zino | Jun 29, 2009
In June of 1919 a BMW engine powering a Deutsche Flugzeugwerke F 37/III climbed to 9,760 meters or a little more than 32,000 feet, setting the company’s first world record, according to BMW. The pilot, one Franz Zeno Diemer took off from Munich’s...
by Ken Zino | Jun 29, 2009
The longer term prospects for the survival of the NUMMI plant in California just diminished as GM has announced it intends to abandon the plant as part of its bankruptcy proceedings. Troy Clarke, president, GM North America, has just issued the following statement:...
by Ken Zino | Jun 29, 2009
As the summer heats up, so is opposition to the proposed reorganization of GM by multiple groups who claim they are not being treated fairly. And since for every action there is a reaction, The U.S. Treasury Department is stepping up its maneuvering to keep its GM...
by Paul A. Eisenstein | Jun 29, 2009
The tug-of-war between German auto giant, Volkswagen, and the acclaimed sports carmaker, Porsche, continues to heat up, as an heir to the Porsche fortune ignores a merger deadline and accuses his rivals of “blackmail.” In a battle that has taken some...
by Paul A. Eisenstein | Jun 29, 2009
Say the name, Aston Martin, and it invariably brings up images of the most exclusive automotive products, like the DB9 or Vanquish, vehicles that can push into the $250,000 territory. So what is Aston doing with the Cygnet, which it is billing as an “innovative...
by Joseph Szczesny | Jun 29, 2009
General Motors Corp. and the Obama administration Auto Task Force have agreed that the new GM will cover all product liability and lemon law claims after it emerges from behind protection of an expedited bankruptcy. The decision to accept the product claims, which was...
