by Kevin Kelly | Jul 23, 2009
For Ford Motor Co., the glass might seem half-full, right now. But despite some good news, in the second quarter, company officials made it clear, during a call with reporters that they continue to worry that it’s actually half-empty and continuing to drain...
by Ken Zino | Jul 23, 2009
General Motors Company and the U.S. Army officially opened GM’s new vehicle testing facility in the southwest on the Army’s Yuma Proving Ground this week. The ceremony marked the end of major construction activity and the beginning of a cooperative...
by Joseph Szczesny | Jul 23, 2009
The Ford Motor Co. continued to surprise its critics, this morning, posting only a modest operating loss along with a net profit for the second quarter. The automaker said it went $424 million into the red on an operating basis, in the second quarter, after excluding...
by Ken Zino | Jul 23, 2009
Mexican President Felipe Calderón stopped by the Puebla plant of Volkswagen de México this week as construction proceeded to expand the plant’s capacity by 300 units to 2,100 vehicles a day. The expansion of the plant will cost $410 million and, along with...
by Paul A. Eisenstein | Jul 22, 2009
Battery-powered vehicles, whether hybrids, plug-ins or pure battery-electric vehicles, “are the future,” says Ford Motor Co. CEO Alan Mulally. But while the automaker has committed to bring all three forms of battery vehicles to market in the next few...
by Paul A. Eisenstein | Jul 22, 2009
Boys never outgrow their toys. And while most men of driving age probably won’t be caught zoom-zooming with a Matchbox car, Chevrolet is giving them another way to pretend they’re Optimus Prime, in this case with the 2010 Transformers Edition of the new...
by Ken Zino | Jul 22, 2009
General Motors sold 1.94 million vehicles during the second quarter of 2009, off 15% compared with the year earlier period, as the Global Great recession continues to take its toll on the struggling company. During the first half of 2009, on a year-over-year basis, GM...
by Paul A. Eisenstein | Jul 22, 2009
Hoping to kick-start its lagging sales, now that it has emerged from bankruptcy, Chrysler Group will offer to double the government’s new Cash-for-Clunkers subsidy, meaning incentives of up to $9,000 on “eligible” Chrysler, Dodge and Jeep products....
by Paul A. Eisenstein | Jul 22, 2009
The Hyundai Genesis has nabbed top honors in an inaugural study designed to measure how effectively automakers bring their new products to market. Conventional wisdom holds that motorists should beware of buying a car during its first year on the market, and studies,...
by Joseph Szczesny | Jul 21, 2009
Ford Motor Co. has approached the United Auto Workers Union about changes in the contract that it negotiated in February before General Motors and Chrysler Group LLC used the threat of bankruptcy to obtain even greater concessions from the union. Joe Hinrichs, Ford...
by Paul A. Eisenstein | Jul 21, 2009
The U.S. new car market is bound to recover…someday. But so far, it has defied predictions of a turnaround and continues operating at levels not seen in decades – volumes down nearly 50% from the record sales of the early part of this decade. ...
by Ken Zino | Jul 21, 2009
Magna International Inc. and Savings Bank of the Russian Federation (“Sberbank”) have just confirmed that they have jointly submitted a revised offer to acquire a 55% interest in Adam Opel GmbH and Vauxhall that is “intended to assure the long-term...
