by Joseph Szczesny | May 3, 2011
General Motors sales increased 27% in April with gains driven by surging demand for GM’s lineup of fuel-efficient passenger cars and crossovers. While many makers have yet to report their April numbers, preliminary estimates suggest the market showed an overall gain...
by Paul A. Eisenstein | May 3, 2011
When automakers begin releasing their sales numbers later today the industry could be in for some good news, April new car, truck and crossover sales expected to show a 19% overall gain despite concerns about rising gas prices and an uncertain economy. But for...
by Paul A. Eisenstein | May 3, 2011
It has been a roller-coaster ride for Jaguar over the last 15 years, but now part of the ambitious Indian Tata Motors, the British automaker has some ambitious plans in the work along with its sibling Land Rover brand. Senior company officials tell...
by Paul A. Eisenstein | May 3, 2011
Swedish automaker Saab has found its white knight – or more accurately several of them – securing at least its near-term survival. The maker has lined up a new alliance with ambitious Chinese manufacturer Hawtai Automotive Group, while also securing some much-needed...
by Paul A. Eisenstein | May 3, 2011
With only two brands to focus on, senior Ford Motor Co. managers are getting itchy to rebuild the long somnambulant Lincoln marque – and are reportedly working on a wide array of new offerings that could eventually turn Lincoln into a truly global brand. Sources say...
by Paul A. Eisenstein | May 2, 2011
Honda has warned its U.S. dealers that it will be further cutting production due to the ongoing shortage of Japanese-made parts – which will likely result in a shortage of many products including the all-new Civic compact, which is just in the midst of what was...
by Paul A. Eisenstein | May 2, 2011
Struggling to head off a collapse, the cash-strapped Swedish carmaker Saab has lined up a pair of deals that could allow it to reopen its headquarters assembly plant later this week. Saab’s Dutch parent company, Spyker Cars NV, plans to borrow 30 million Euros ($44.6...
by Paul A. Eisenstein | May 2, 2011
If $4 gas hasn’t scared you off on plans for a summer vacation, you may already be getting out the map – or plugging your destination into the navigation computer. But laying out a good route is only one of the steps you need to take when warm weather approaches,...
by Joseph Szczesny | May 2, 2011
The long-awaited consolidation of the Chinese auto industry is on hold. While foreign brands, like Buick, Volkswagen and Toyota, may get much of the attention, there are hundreds of smaller, domestic automakers vying for attention and the dollars of China’s new...
by Joseph Szczesny | May 2, 2011
For the first time in nearly five years, Chrysler Group posted a quarterly profit as the company’s improbable comeback continued to pick up momentum. Chrysler earned $116 million for the first quarter, reversing the $197 million loss posted during the first...
by Paul A. Eisenstein | May 2, 2011
Chrysler will use a mix of loan money, new debt securities and a line of credit to repay the $7.5 billion it owes to the U.S. and Canadian governments, the maker announced today, providing the first details on a payback plan first announced last week. At about the...
by Paul A. Eisenstein | May 2, 2011
Late last year, when former Shell President John Hofmeister warned that the U.S. could see $5-a-gallon gas prices by 2012, few took the executive seriously. “The wolf is out there,” acknowledged Tom Kloza, chief analyst with the Oil Price Information Service, and...
