GM to Spend Nearly $900 Million on Plant Upgrades

GM to Spend Nearly $900 Million on Plant Upgrades

Barely a week after announcing big investments in plants in Kansas and Detroit, General Motors is ready to invest another $890 million in five more North American factories – a move that sources say should save or add 1,600 union jobs. The primary investment, totaling...
Reinventing the SAE World Congress

Reinventing the SAE World Congress

If the SAE World Congress looked smaller to those attending the industry’s premier automotive engineering event at Detroit ‘s Cobo Center earlier this month, that’s because it was smaller – by design, according to conference organizers, though recent history shows the...

April U.S. Retail Auto Sales Projected at Slightly Up

April new-vehicle retail sales are expected to come in at 804,200 units, which represents a seasonally adjusted annualized rate (SAAR) of 9.8 million units, according to J.D. Power and Associates. – U.S. Sales and SAAR Comparisons, April 2010 April 2010 March...
China to Maintain Number One Auto Market Spot

China to Maintain Number One Auto Market Spot

Sales of passenger vehicles in China  are expected to increase from 8.7 million units in 2009 to 13.55 million units in 2015. This increase in sales of passenger cars, SUVs and minivans of more than 55% does not include the sale of millions of light commercial...
Has Toyota Kicked Off New Incentives War?

Has Toyota Kicked Off New Incentives War?

After suffering huge sales declines during the first two months of 2010, Toyota could be positioned to pull off a miraculous recovery for April, possibly even pushing past General Motors to become the nation’s top-selling automotive manufacturer for the month....
First Look: Volvo C30 Polestar Concept

First Look: Volvo C30 Polestar Concept

Chinese-owned Volvo Cars is continuing its attempt to leave behind its staid safety image this weekend as the new Volvo C30 Polestar Performance Concept Prototype is revealed. Volvo Cars and Polestar are now enter their  fifteenth consecutive motorsport season in the...
GM Pays Back Loans from U.S. Treasury and Canada

GM Pays Back Loans from U.S. Treasury and Canada

In a ceremony at GM’s Fairfax, Kansas plant late this morning, Chairman and CEO Ed Whitacre said that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back the cash part of its government loans in full, and...
Chrysler Group Loses $3.8 billion in 2009

Chrysler Group Loses $3.8 billion in 2009

Taxpayer owners in Canada and the U.S. of Chrysler Group received mixed news this morning as the reorganized company posted an operating profit of $143 million during the first three months of 2010, but also posted a large loss for 2009. Chrysler, managed by 20%-owner...
Shooting From the Lip: Bob Lutz Says Farewell

Shooting From the Lip: Bob Lutz Says Farewell

Old soldiers don’t die.  In some cases, they don’t even fade away. Officially, Bob Lutz is about to retire, ending a nearly decade-long run with General Motors, and close to half a century in the auto industry.  But as he demonstrated during a...