by Joseph Szczesny | Jun 19, 2009
The United Auto Workers and the trustees of the Voluntary Employee Beneficiary Association (VEBA) for retired workers selected Stephen J. Girsky yesterday to fill its seat on General Motors’ board of directors. How the process worked was not revealed. The VEBA...
by Ken Zino | Jun 18, 2009
Secretary of Transportation Ray LaHood ran into intense political opposition this week from members of Congress over his proposed fix for the Highway Trust Fund, which runs out of money this summer. LaHood, a politician with more experience dealing with the...
by Ken Zino | Jun 18, 2009
The Pontiac Vibe crossover vehicle will go out of production at the end of this August at the New United Motor Manufacturing Incorporated (NUMMI) facility that is jointly operated by GM and Toyota in Fremont, California. It is expected that the Toyota Corolla built...
by Ken Zino | Jun 18, 2009
We’ve been writing on the so called “Cash for Clunkers” legislation for most of this year now. Since it was first proposed back in January, the complicated and controversial bill has been caught between environmental and commercial factions without...
by Joseph Szczesny | Jun 17, 2009
“Gas prices will remain volatile,” GM CEO Fritz Henderson said during a panel discussion on energy sponsored by the Detroit Economic Club, which hosted The National Summit on the economy this year. Microsoft Chief executive officer Steve Ballmer also told...
by Ken Zino | Jun 17, 2009
It’s a start anyway. Battered Chrysler Group LLC said today that it will turn on assembly lines the week of June 29th at seven of its plants that were shut down when old Chrysler filed for bankruptcy. The resumption of production, if followed by a corresponding...
by Paul A. Eisenstein | Jun 17, 2009
In this age of incentives, the sticker price of a car may actually mean relatively little when it comes to the actual monthly payment. Toss in rebates, adjust for subsidized loan rates and other factors and a $40,000 luxury sedan might actually cost less, each month,...
by Paul A. Eisenstein | Jun 17, 2009
By now, it’s likely become a familiar disruption. The phone rings and an automated message advises you that your automobile’s warranty has expired and you need to act now to ensure you aren’t charged for future repairs. If you were one of the...
by Ken Zino | Jun 17, 2009
Land Rover has announced that it has teamed up with Sonim Technologies, to sell the Land Rover S1, claimed to be a rugged mobile phone designed to meet the needs of those who work and play in the great outdoors. The mobile phone was unveiled by Sir Ranulph Fiennes,...
by Ken Zino | Jun 16, 2009
Bankrupt General Motors Corporation and Koenigsegg Group AB confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB this morning. The deal had been rumored for months. The Saab sale to a consortium led by Koenigsegg Automotive AB...
by Paul A. Eisenstein | Jun 16, 2009
It’s not often that a single product can determine the fate of a company, but that’s precisely the role the original Taurus sedan played for Ford, back in 1986. Now, an all-new version of the sedan is about to come to market, and while it’s not...
by Ken Zino | Jun 16, 2009
The Original Equipment Suppliers Association (OESA) has submitted a plan to the U.S. Department of the Treasury that outlines “immediate actions” needed to stabilize the increasingly deteriorating situation in the country’s auto supply base. OESA...
