by Joseph Szczesny | Sep 22, 2009
The U.S. Department of Energy has approved a $528 million loan for Fisker Automotive that the company said will move it closer to creating affordable, fuel-efficient plug-in hybrid electric cars. Actually it’s the tax payers who are funding the leveraged company...
by Joseph Szczesny | Sep 22, 2009
General Motors Company plans to spend $21 million to revamp its Flint Assembly Plant to build light duty truck models. GM spokesperson Kevin Nadrowski said the investment on the Flint assembly line would prepare the plant for the production of the 2011 Chevrolet...
by Ken Zino | Sep 22, 2009
Dana Holding Corporation (NYSE:DAN) announced today that it has initiated an underwritten, registered public offering of 27 million shares of its common stock. Dana emerged from bankruptcy last February, and, as with most auto suppliers, has struggled since then as...
by Paul A. Eisenstein | Sep 22, 2009
Though the Cash-for-Clunkers program may have provided only a temporary boost to the overall automotive market, there are some encouraging signs of life, notably with General Motors announcing plans to boost production at three Midwest plants, a move that will restore...
by Ken Zino | Sep 22, 2009
The U.S. Environmental Protection Agency will require large emitters of heat-trapping emissions to begin collecting greenhouse gas (GHG) data under a new reporting system. This new program will cover approximately 85% of the nation’s GHG emissions and apply to roughly...
by Ken Zino | Sep 22, 2009
Once upon a time, gasoline brands were heavily promoted and marketed, and you didn’t have to pump it yourself. However, in the ensuing years a number of factors have contributed to a steady decline in brand loyalty when it comes time to pay at the pump....
by Ken Zino | Sep 21, 2009
Much progress can be made to reduce the nation’s greenhouse gases through recycling, waste reduction, smart growth, and by reusing formerly contaminated sites including “brownfields,” according to a report just issued by the U.S. Environmental Protection Agency. EPA...
by Paul A. Eisenstein | Sep 21, 2009
From cheap, aftermarket navigation systems, to the 2200-watt multimedia/audio system in the new Bentley Mulsanne, the car is becoming the mobile equivalent of office or living room, with in-vehicle technology sales pushing past $9 billion this year, despite the...
by Joseph Szczesny | Sep 21, 2009
It had to happen sometime. Chrysler Group LLC is dumping the four-pound paper owners manual in favor of less expensive digital version and a modest “user’s guide,” at the start of 2010 model year this October first. For the automaker, the savings are “substantial,” a...
by Ken Zino | Sep 21, 2009
In an SEC filing today, the Penske Automotive Group said that a $459.0 million Credit Agreement from Daimler Chrysler Financial Service USA LLC and Toyota Motor Credit Corporation has been extended. The agreements provide for up to $250 million in revolving loans for...
by Paul A. Eisenstein | Sep 21, 2009
Few folks took Elon Musk seriously when he announced plans, a few years back, for an all-new electric vehicle company. After all, he seemed to have everything going against him. A well-intended effort, by the State of California, to mandate electric vehicles had...
by Ken Zino | Sep 21, 2009
The first Civics destined for export were shipped last week from the new Honda Manufacturing of Indiana plant (HMIN).The 2010 model Honda Civic Sedans will go on sale in Mexico, as well as 22 Latin American and Caribbean nations and U.S. territories of Puerto Rico,...
