by Joseph Szczesny | Jun 11, 2009
Despite all the doubts about it long-term viability, Chrysler can survive but they’re going to have to recover from mismanagement at the hands of former partners at Daimler AG according to Chrysler’s former Chief Financial Officer. “I think...
by Joseph Szczesny | Jun 11, 2009
The Obama administration is pushing ahead its plans to purchase more than 14,000 new vehicles from General Motors Corporation, Ford Motor Company and Chrysler Group LLC. Earlier in the week, with the economy continuing to falter, Obama asked various U.S. agencies to...
by Paul A. Eisenstein | Jun 11, 2009
Remember when SUVs ruled the road? Actually, it wasn’t all that long ago that classic, truck-based sport-utes accounted for nearly 3 million sales annually, better than one in six of the vehicles we Americans bought each year. And, notably, the vast majority...
by Paul A. Eisenstein | Jun 11, 2009
The United Auto Workers has tapped an old ally to serve as its representative on the board of directors of the reorganized Chrysler Group LLC, newly emerged from bankruptcy and now effectively under the thumb of the Italian automaker, Fiat. The UAW announced the...
by Ken Zino | Jun 10, 2009
With 0 – 60 time in less than four seconds, the 2010 version of the Corvette Grand Sport can run with just about anything sold — at any price. And that’s not only straight line. performance that American muscle cars were notorious for. Grand Sport...
by Ken Zino | Jun 10, 2009
Americans might love President Obama, as his high popularity ratings show, but they don’t think much of government intervention in the auto business that began under the extremely unpopular Bush administration, which Obama continued and expanded. This comes from...
by Ken Zino | Jun 10, 2009
Sergio Marchionne, Chief Executive Officer of the New Chrysler Group, put in place a new organization at the same time the sale of Chrysler to Fiat was completed this morning. The U.S. Supreme Court late yesterday lifted a stay, allowing the sale to proceed. Under the...
by Paul A. Eisenstein | Jun 10, 2009
The Supreme Court has brushed back what had been viewed as the last potentially serious challenge to the restructuring plan laid out by Chrysler, clearing the way for the bankrupt U.S. makers emergence from Chapter 11, and its takeover by the Italian automaker Fiat....
by Paul A. Eisenstein | Jun 10, 2009
If the U.S. House of Representatives has its way, American car buyers could soon receive vouchers of up to $4,500 to trade in their aging and inefficient vehicles on more fuel-stingy cars and trucks. The House, encouraged by White House support, approved a so-called...
by Paul A. Eisenstein | Jun 10, 2009
We could be in for a serious battle for supremacy, if the teaser photo you see here is any indication. After a very long life, Bentley is finally getting set to wrap up production of its top-line Arnage sedan, and this is a hint of what’s to follow. How much of...
by Ken Zino | Jun 9, 2009
The judge in the Chrysler bankruptcy case late this afternoon granted Chrysler’s wish to fire 789 dealers. Judge Arthur Gonzalez of the Federal Bankruptcy Court for the Southern District of New York overruled the objections of the terminated dealers....
by Joseph Szczesny | Jun 9, 2009
The struggling economy, job losses and stricter lending criteria have pushed more consumers into loans for used vehicles, rather than new, according to a new report by Experian Automotive, which also found the number of delinquent loans continuing to creep upwards....
