by Joseph Szczesny | Nov 4, 2010
A new study prepared by Ford Motor Co. and MIT indicates that new technology, such as automatic parallel parking systems, help relieve driver stress and improve overall driver safety and well-being. The study could be seen to counter growing concerns about the huge...
by Paul A. Eisenstein | Nov 4, 2010
General Motors set a significant milestone, last month, becoming the first automaker to ever sell more than 2 million cars in China during a single year, and giving the brand a nudge forward in its hard-fought battle to dominate the growing Asian market. While car...
by Bryan Laviolette | Nov 4, 2010
The news coming out of Chrysler HQ in Auburn Hills is almost relentless these days. There are new engines, completely new SUVs and crossovers and revamped sedans. Add to the mix a new Dodge Challenger SRT8 with a huge power infusion. While Dodge has already announced...
by Joseph Szczesny | Nov 3, 2010
Eager to shed the derisive “Government Motors” tag, General Motors today announced the details of a long-anticipated initial public offering of stock that is expected to raise $13 billion for the company – and help pay off a chunk of the $50 billion federal bailout...
by Joseph Szczesny | Nov 3, 2010
Auto sales ticked upwards in October even while carmakers generally scaled back on the hefty incentives that have slashed industry earnings – plunging some brands deeply into the red – over the last few years. Overall the auto industry enjoyed its best month in two...
by Paul A. Eisenstein | Nov 3, 2010
General Motors could be in for the sort of tax break that would make even the most pro-business lawmaker blush, a savings of as much as $45 billion that comes as part of its government-financed restructuring. GM is expected to report its third quarterly profit in a...
by Paul A. Eisenstein | Nov 3, 2010
General Motors, soon to launch its long-awaited IPO, is having a very good morning, reporting its third quarterly profit in a row – and a 13% jump in sales by its four surviving North American brands for October. In an unusual situation, manufacturers have spread out...
by Joseph Szczesny | Nov 3, 2010
Daimler AG has signed an agreement with a consortium of international banks on a syndicated $10.6 billion credit line with a term of five years, a move that the maker believes could shore up its finances and slash its costs.. Bodo Uebber, Member of Daimler’s...
by Paul A. Eisenstein | Nov 3, 2010
General Motors and its Chinese partner, SAIC Motor Corp., have announced a potentially significant expansion of their decade-old partnership, one that could reach well beyond the fast-growing Asian nation. The non-binding agreement calls for the makers, among other...
by Paul A. Eisenstein | Nov 2, 2010
Toyota has asked a federal court in California to dismiss a collection of lawsuits stemming from the maker’s problems with runaway cars and trucks, claiming the plaintiffs have shown no “actual defect.” The request, if approved, would impact scores of lawsuits...
by Paul A. Eisenstein | Nov 2, 2010
This year’s SEMA Show, normally the realm of the performance crowd, is turning into a preview of things to come. Among the makers using the annual event to unveil an array of concept cars, trucks and crossovers is Kia, whose prototypes, including the White Tiger and...
by Paul A. Eisenstein | Nov 2, 2010
Trick-or-treat comes a few days late to Las Vegas, with the annual SEMA show opening its doors at the Las Vegas Convention Center today. The annual event is a clear treat for those who wander the vast floor space where manufacturers are tricking out some of their...
