by Paul A. Eisenstein | Oct 31, 2012
Honda fans attending this week’s SEMA Show in Las Vegas are in for a treat as the maker pulls the wraps of a series of concept vehicles that includes a supercharged version of the not-so-hot hatch CR-Z. Though the Japanese maker insists the show car is simply an...
by Joseph Szczesny | Oct 31, 2012
A Japanese supplier has pled guilty in a probe by the U.S. Justice Department into price fixing in the auto industry, which continues to grow and has now snared nine different companies on three different regions of the world. Nagoya, Japan-based Tokai Rika Co. Ltd....
by Paul A. Eisenstein | Oct 31, 2012
With much of the Eastern Seaboard still digging out and drying out from Superstorm Sandy estimates now put the damage at anywhere up to $50 billion, perhaps more. But in the weeks to come, even consumers as far away as the West Coast could feel the pinch. That is...
by Paul A. Eisenstein | Oct 31, 2012
General Motors reports it earned $1.5 billion during the third quarter of 2012, a 14.5% decline in net profits, though the maker’s earnings before interest and taxes, or EBIT, rose nearly 5%. The maker’s latest quarter reflected a generally strong performance in a...
by Paul A. Eisenstein | Oct 31, 2012
This story has been updated to include a late response by a Romney campaign official. GOP presidential candidate Mitt Romney is facing allegations he personally profited from the auto bailout he has repeatedly criticized while his hedge fund allies left thousands of...
by Joseph Szczesny | Oct 30, 2012
Despite declaring his desire to stay out of this year’s presidential battle, Chrysler CEO Sergio Marchionne has found himself drawn into the fray as he responded to a series of comments and political ads by GOP contender Mitt Romney, which he called...
by Paul A. Eisenstein | Oct 30, 2012
Despite a European slump likely to cost it more than $1.5 billion in red ink this year, Ford handily topped Wall Street forecasts with a $2.2 billion pre-tax operating profit and $1.63 billion in net earnings. The after-tax figure was a whisker short of the $1.65...
by Paul A. Eisenstein | Oct 30, 2012
The hot new Scion FR-S will be putting in a turn at this week’s upcoming SEMA Show, Toyota’s youthful brand unveiling three tuner editions that just might hint of things to come. Scion took a little different approach to prepare for the annual aftermarket show – which...
by Paul A. Eisenstein | Oct 30, 2012
Can General Motors close the quality gap? The maker has long lagged key Asian rivals like Toyota and Honda, but a new study suggests it is rapidly gaining on the imports. GM was the only member of the Detroit Big Three to improve its standing in the latest annual...
by Joseph Szczesny | Oct 30, 2012
This story has been updated to include pricing and other information. For a brand long known for high quality but plain vanilla design, Toyota sent shock waves through the industry when it revealed an all-new version of the big Avalon sedan earlier this year. The...
by Paul A. Eisenstein | Oct 30, 2012
It could be days, even weeks, before the storm-battered Eastern Seaboard dries out. Brutal winds and extensive flooding, from Maine to the Carolinas, has wrecked homes and businesses, and left millions without power, even the New York subway system forced to close....
by Joseph Szczesny | Oct 30, 2012
Hurricane Sandy is taking the steam out of what was on track to be a strong October for U.S. car sales. The still-massive storm shut dealerships across New England and the mid-Atlantic states, including major metropolitan areas such as New York, Washington D.C....