by Paul A. Eisenstein | May 5, 2011
President Barack Obama is expected to address the issue of rising oil prices, on Friday, during a visit to a parts plant in Indianapolis that produces fuel-saving hybrid systems for buses and trucks. The president is hoping to maintain the momentum offered by the...
by Paul A. Eisenstein | May 5, 2011
General Motors, which is hoping to crack the long Japanese stranglehold on the small car market, has suffered a potentially setback, the maker announcing it will recall 150,000 of its Chevrolet Cruze sedans. The maker says it needs to inspect the vehicles to ensure...
by Paul A. Eisenstein | May 5, 2011
With fuel prices nearing the politically significant $4 a gallon level, industry watchers report that gasoline consumption has begun to slow. The question is whether motorists are simply reining in their time behind the wheel through careful route planning – or...
by Joseph Szczesny | May 5, 2011
With its bottom line boosted by one-time gains from asset sales, General Motors Co. more than tripled first-quarter earnings, posting a $3.2 billion, $1.77 a share, profit as the revenue from its global business grew by 15%. “We are on plan,” said Dan Akerson,...
by Joseph Szczesny | May 5, 2011
General Motors has confirmed the next generation Corvette will roll out in about two years – and the maker’s top North American executive hints it will be “completely different” from the look of the current 2-seat sports car, which has undergone mostly evolutionary...
by Paul A. Eisenstein | May 4, 2011
Driven largely by booming sales in China, BMW saw its first-quarter profits jump nearly fourfold, the maker announced today. Net earnings of 1.21 billion Euros, or $1.79 billion, compared favorably to the 324 million profit the Bavarian maker reported a year ago. ...
by Paul A. Eisenstein | May 4, 2011
A new measure up for debate in the U.S. House of Representatives could add significant incentive to get more motorists driving electric. The proposal would increase the current, $7,500 federal tax credit for buyers of qualifying electric vehicles to $9,500. And it...
by Paul A. Eisenstein | May 4, 2011
Korean carmaker Hyundai, fresh off one of the best months in its history, has revealed the details of its new Hyundai Assurance Program, which offers buyers a set trade-in value at the time they purchase their car. First announced at the New York Auto Show, last...
by Paul A. Eisenstein | May 4, 2011
After years of dominating the New York taxi fleet Ford Motor Co. will soon be driving off into the sunset. The domestic maker lost to Nissan in a shoot-out to determine who will become the Big Apple’s taxi of tomorrow. The decision, which will see thousands of yellow...
by Bryan Laviolette | May 4, 2011
With the royal couple, Prince William and his princess, Kate, now officially hitched, it’s fun to fantasize about where the world’s most famous couple might take their honeymoon. The easy suggestion would be private tropical island lounging on the beach or snorkeling...
by Bryan Laviolette | May 4, 2011
Fuel prices are hurdling past $4, and automakers everywhere are tripping over themselves as they introduce hyper-efficient small cars. Well, all except the Chrysler Group. The automaker plans to show what it is calling the Ram Long-Hauler Concept at special events...
by Paul A. Eisenstein | May 3, 2011
It was a big month for the auto industry, though the emphasis was on small cars. General Motors, Ford Motor Co. along with Hyundai/Kia all posted substantial sales gains during April, Audi meanwhile reporting its best April ever, even as industry giant Toyota...
