by Paul A. Eisenstein | Mar 23, 2011
After granting billions of dollars in concessions to help Detroit makers survive the U.S. auto industry’s worst downturn in decades, union workers are looking for some givebacks when they return to the bargaining table this year. But they may have to share the risks,...
by Joseph Szczesny | Mar 23, 2011
General Motors has announced it will use a new public offering to sell off $1 billion in preferred stock in Ally Financial Inc. — further distancing itself from its long-time in-house lending arm. The shares represent 100% of the outstanding Series A preferred...
by Paul A. Eisenstein | Mar 23, 2011
There’s some big news coming from the Big Apple. With less than a month to go until the annual New York International Auto Show a number of makers are beginning to drop hints of what they’ll be bringing to the Jacob Javits convention center. Among those planning to...
by Marty Bernstein | Mar 22, 2011
The television hit show Mad Men has cast a disparaging eye on the advertising industry and the talented people I’ve been proud to work in and with for almost five decades. But even as the media has kept us informed round the clock of the horror in Japan: the...
by Paul A. Eisenstein | Mar 22, 2011
Is it a stroke of genius or the answer to a question no one asked? That’s what I was left wondering after getting my first close-up look at the new Nissan Murano CrossCabriolet. There’ve been plenty of innovations in the convertible world, in recent years, notably...
by Paul A. Eisenstein | Mar 22, 2011
When the subject is green machines you’ll often hear the topic turn to “payback period,” the time it takes to recover the added cost of an alternative drivetrain through the money you’ll save on fuel. When it comes to the new Porsche 918 Spyder, the German maker’s...
by Detroit Bureau | Mar 22, 2011
Whether it’s the result of a parking lot ding, a freeway fender bender or something more serious, almost every driver will eventually wind up needing to find an auto collision shop. That adds up to a nationwide bill of around $40 billion a year, according to repair...
by Paul A. Eisenstein | Mar 21, 2011
It’s only a matter of time until the global auto industry feels the full shock of the Japanese auto industry shutdown, according to a new study. But the impact is already spreading, General Motors cutting production at a second U.S. plant due to a shortage of...
by Joseph Szczesny | Mar 21, 2011
Tony Cervone, a veteran hand at automotive public relations, will take over responsibility for communications for Volkswagen Group in North America. As Executive Vice President, Group Communications, Cervone will play a major role in shaping the German automaker’s...
by Jim McCraw | Mar 21, 2011
Nissan has a long and rich history in sports car racing that dates back to 1966. Here in America, they raced the little Datsun 510 sedan, the famous 240 Z and its successors, and a raft of Nissan-powered sports prototypes that competed in IMSA GTP prototype and Group...
by Mike Levine | Mar 21, 2011
GM takes the covers off the Chevrolet Colorado Show Truck at the Bangkok International Auto Show in Thailand, and the rugged concept previews the next-generation Colorado midsize pickup that officially goes on sale in Thailand later this year — and eventually...
by Denise McCluggage | Mar 21, 2011
“I think this is the nicest car you ever had,” my mother said to me from the passenger’s seat. Her eyes, still a snapping dark brown in her late 80s, choked off my emergent laugh though that’s the response the remark deserved. After all we were not in my Porsche, my...
