by Joseph Szczesny | Jun 1, 2012
With Toyota and Honda leading the way, new vehicles sales jumped more than 20% in May as carmakers had one of their best months since the 2008 financial crisis. It was hard to find any losers for the month – though industry analysts were briefly worried about sales...
by Paul A. Eisenstein | Jun 1, 2012
Taking a cue from its cross-town rival, General Motors will offer lump-sum buyouts to 42,000 salaried retirees while transferring the pension program of the rest of its 118,000 white-collar retirees to Prudential Insurance. Those moves should reduce GM’s pension...
by Paul A. Eisenstein | Jun 1, 2012
With an engine of just 1.4 liters in displacement under the hood one might expect the Dodge Dart Limited to fall into the “stone pony category.” But while the maker clearly wanted to downsize the new sedan’s powertrain in order to improve mileage it was clear there...
by Joseph Szczesny | Jun 1, 2012
New vehicle sales looked strong in May as Chrysler Group LLC, Ford Motor Co., General Motors Co., Volkswagen Group and Nissan all reported double digit-sales increases for the month of May as it appears the industry will exceed 14 million units of sales this year. The...
by Paul A. Eisenstein | Jun 1, 2012
Half empty or half full? When it comes to Volkswagen, Jonathan Browning is looking at the glass from both angles. By most measures, it’s been a particularly good week for the German maker. With sales for last month up 28.4%, VW is today reporting its best May since...
by Paul A. Eisenstein | Jun 1, 2012
Shedding debt and liabilities has become one of the key strategies for Ford Motor Co. CEO Alan Mulally, and the maker’s latest move is to offer buyouts to 98,000 salaried and white-collar retirees in an effort to trim by a third Ford’s overall $49 billion in U.S....
by Paul A. Eisenstein | Jun 1, 2012
Motor vehicle crashes are the leading cause of death for U.S. teens, according to government statistics, but a new insurance industry report suggests the numbers could fall sharply by tightening restrictions on teen driver laws. Among teens, auto crashes are...
