by Joseph Szczesny | Jul 29, 2009
Daimler AG continued to see its losses mount, during the second quarter of 2009, but reported a stronger financial position as its earnings from continuing operations improved. Daimler lost $560 million in the second quarter compared to the nearly $2 billion loss in...
by Paul A. Eisenstein | Jul 29, 2009
General Motors officials are hinting that their research work on what many experts believe will be the ultimate clean automotive technology could be at risk – unless, that is, the federal government kicks in with yet more money. Insiders tell...
by Paul A. Eisenstein | Jul 29, 2009
It’s turning into a busy year for Acura, the luxury arm of Honda Motor Co. The oldest of the Japanese brands is launching an array of all-new or updated models, from the new ZDX crossover to the V-6 version of its TSX sedan, in a bid to gain momentum in a...
by Ken Zino | Jul 29, 2009
Honda Motor Company, Ltd. net income for the fiscal first quarter ended June 30, 2009 totaled ¥7.5 billion ($79 million), a decrease of 95.6% from the same period in 2008. Net income per common share for the quarter amounted to ¥4.17 ($0.04), a decrease of ¥91.39 from...
by Ken Zino | Jul 29, 2009
BMW announced yesterday that it is abandoning its costly Formula One racing effort at the end of this season. The move follows Honda’s withdrawal from the ultra-expensive and controversial sport last year, which is increasingly being criticized for its lack of...
by Paul A. Eisenstein | Jul 28, 2009
The new products seem to be coming fast and furious from the folks in Maranello, these days. Just as the new Ferrari California (reviewed today on TheDetroitBureau.com) reaches U.S. showrooms, the Italian automaker is giving us a sneak peek at the 2010 Ferrari 458...
by Joseph Szczesny | Jul 28, 2009
The United Auto Workers and its union allies have quietly launched a campaign aimed at pressuring Toyota not to close the NUMMI plant in California now threatened by the break-up of a long-standing joint venture between the Japanese maker and General Motors. The...
by Ken Zino | Jul 28, 2009
It’s not surprising that drivers overestimate their skills and underestimate the harmful and fatal effects of distractions caused by a growing number of other activities while they drive. What is surprising is the lack of regulation from governments and their...
by Paul A. Eisenstein | Jul 28, 2009
Is it just me, or does the idea of driving a Ferrari every day seem like something of an oxymoron? Friends with Spyders and Scagliettis and F430s are likely to pull them out to admire and maybe clock a few dozen miles, on the weekend. But commute? Take them to the...
by Ken Zino | Jul 28, 2009
Hyundai Motor Company sold 1,403,931 vehicles during the first half of 2009, as sales dropped almost 6% from the year earlier period. South Korea’s largest automaker, however, posted a net profit increase of 10.4%, to Won 1,036.8 billion, in the first six months...
by Paul A. Eisenstein | Jul 27, 2009
It seemed, to many, like a big risk when Ford Motor Co. decided not to pursue a federal bailout, late last year, but in hindsight, it could have been one of the smartest moves the automaker has ever made. Not only was Ford able to avoid bankruptcy – and the...
