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March 2009 Archives
2:50 PM Tue, Mar 31, 2009 | Permalink |
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By Peter C. T. Elsworth  Email
If President Obama's Automotive Task Force (ATF) is preparing to reorganize General Motors through a quick and controlled bankruptcy filing, it seems to be prepared......
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2:50 PM Tue, Mar 31, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Finally! With his dramatic decision to oust General Motors chairman Rick Wagoner, President Obama has created the possibility that the company will end its interminable......
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11:58 AM Tue, Mar 31, 2009 | Permalink |
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By Peter C. T. Elsworth Email
President Obama struck an acceptable compromise on Monday between two unappealing options: letting General Motors and Chrysler go bankrupt right away or giving them tens......
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11:40 AM Tue, Mar 31, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Ford Motor Co. and General Motors Corp. are offering payment protection plans to help reassure consumers who may be putting off buying a......
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11:28 AM Tue, Mar 31, 2009 | Permalink |
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By Peter C. T. Elsworth Email
GM's new CEO, Fritz Henderson, last month. The company's former COO takes over from Rick Wagoner who was ousted by the Obama administration. (AP......
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10:11 AM Tue, Mar 31, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- President Barack Obama's extraordinary auto industry intervention is assertive and coldly pragmatic, with a dose of caution and a sentimental nod to the......
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2:46 PM Mon, Mar 30, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Chrysler has backed off its own statement announcing an alliance with Fiat S.p.A., saying the potential partners have only a "framework" accord, according to Automotive......
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12:31 PM Mon, Mar 30, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others......
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10:13 AM Mon, Mar 30, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- In recent years, despite many challenges to his leadership of General Motors, Rick Wagoner had managed to keep a firm grip on his......
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10:02 AM Mon, Mar 30, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- President Barack Obama is sending a blunt message to Detroit automakers: To survive - and win more government help - they must remake......
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1:43 PM Fri, Mar 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- President Barack Obama plans to announce a new aid package for General Motors and Chrysler in the coming days and says the carmakers......
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10:30 AM Thu, Mar 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK - With less than a week remaining before a self-imposed deadline to make a decision on its iconic Hummer brand, General Motors Corp......
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10:17 AM Thu, Mar 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Lloyd Ruby, one of the best -- and most star-crossed -- Indy 500 auto racers in history, died Monday in Wichita Falls, Tex., where......
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4:19 PM Wed, Mar 25, 2009 | Permalink |
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By Peter C. T. Elsworth Email
It's interesting to visually scan Consumer Reports' used-car reliability tables. The testing agency assigns a ranking to about 15 trouble spots for all mainstream used......
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3:08 PM Wed, Mar 25, 2009 | Permalink |
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By Peter C. T. Elsworth Email
A recent study from R.L. Polk, which tracks the auto industry, finds Americans are holding on to their cars longer because we are nervous about......
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1:49 PM Wed, Mar 25, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Last weekend's wins by Kyle Busch in a Toyota Camry at NASCAR's Food City 500 in Tennessee and by a team led by Tom Kristensen......
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4:09 PM Tue, Mar 24, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Sageworks has come up with some interesting numbers that illuminate the woes besetting the auto industry, both at the motor vehicle parts manufacturing level and......
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3:52 PM Tue, Mar 24, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Dreaded white-collar job cuts at General Motors Corp. started Tuesday as the wounded automaker began to deliver on promises to the government to......
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10:35 AM Mon, Mar 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
MUMBAI - The Nano, the world's cheapest car, will hit Indian roads in July, four months after its formal launch on Monday, and demand is......
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10:33 AM Mon, Mar 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Oil prices rose above $52 a barrel Monday, boosted by stronger stock markets and a weaker dollar amid plans by the U.S. government to buy......
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10:01 AM Fri, Mar 20, 2009 | Permalink |
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By Peter C. T. Elsworth Email
MILAN -- The Italian automaker Fiat said Friday that it won't assume Chrysler LLC debt - current or future - in deal for a 35-percent......
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12:24 PM Thu, Mar 19, 2009 | Permalink |
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By Peter C. T. Elsworth Email
From a performance point of view, I cannot say I was bowled over by the BG C100 plug-in electric car when I took it for......
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12:24 PM Thu, Mar 19, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Jaguar and Buick surged to the top of J.D. Power and Associates' closely watched vehicle dependability study this year, tying for the......
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12:20 PM Thu, Mar 19, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- The Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers......
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12:16 PM Thu, Mar 19, 2009 | Permalink |
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By Peter C. T. Elsworth Email
The tragic death of actress Natasha Richardson from a seemingly innocuous fall on a beginners' ski slope in Quebec highlights the dangers of brain and......
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5:49 PM Wed, Mar 18, 2009 | Permalink |
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By Peter C. T. Elsworth Email
I noted in an earlier blog that Bob Tasca III's Motorcraft/Quick Lane Ford Shelby Mustang performed flawlessly at last weekend's 40th Annual NHRA Gatornationals in......
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12:44 PM Wed, Mar 18, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT - Chrysler LLC is in intense dialogue with the U.S. presidential task force on the auto industry and the company is receiving a "fair......
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2:21 PM Tue, Mar 17, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would......
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8:55 AM Tue, Mar 17, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- The percentage of auto loans past due 60 days or more rose 8.9 percent in the fourth quarter of 2008, compared with......
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8:55 AM Tue, Mar 17, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Like Christmas for retailers, the summer driving season has become both a reliable and vital moneymaker for oil refiners, but that may not be the......
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1:30 PM Mon, Mar 16, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- If Chrysler and Fiat Group join forces, Chrysler would get technology and other items worth $8 billion to $10 billion, Chrysler's chief executive......
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10:42 AM Mon, Mar 16, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Bob Tasca III could hardly speak following his win at yesterday's 40th Annual NHRA Gatornationals in Gainsville, Fla. Bursting with emotion as he pulling his......
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11:07 AM Thu, Mar 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT - General Motors' chief financial officer says the company will not need the $2 billion loan installment for March that it requested from the......
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11:07 AM Thu, Mar 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
In a depressing move that reveals the extent to which General Motors is hardly treading water let alone moving ahead with ground-breaking technical innovations, the......
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10:12 AM Thu, Mar 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
I have gotten to drive and ride in a bunch of great cars in this job, including a 1920s Bentley, a new Lamborghini Gallardo and......
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10:12 AM Thu, Mar 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
It seems three executives at a car dealership in Western Nebraska took off with 81 new Fords and Toyotas worth about $2.5 million. The cars......
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9:44 AM Thu, Mar 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
OTTAWA -- A top Chrysler official issued a grim threat to Canadian lawmakers, warning the struggling U.S. automaker may shut down its plants in Canada......
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11:01 AM Wed, Mar 11, 2009 | Permalink |
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By Peter C. T. Elsworth Email
TOKYO -- Orders for the hybrid Insight have totaled 18,000 since it hit the Japanese auto market about a month ago, outpacing Honda's target and......
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10:57 AM Wed, Mar 11, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Ford says recent modifications to its contract with the United Auto Workers union help the company achieve parity with wages paid in the......
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10:49 AM Tue, Mar 10, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Union workers at Ford Motor approved contract changes including a wage freeze and a cut in benefits to help the automaker be competitive,......
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10:49 AM Tue, Mar 10, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Oil rose to near $48 a barrel Tuesday after OPEC signaled it will likely announce another production cut within days, adding to large supply reductions......
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9:29 AM Thu, Mar 05, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Ford offered to exchange up to 40 percent of its debt for cash and stock, according to The Associated Press. Ford and its financial arm,......
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9:29 AM Thu, Mar 05, 2009 | Permalink |
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By Peter C. T. Elsworth Email
There are moments in history when the fabric of society in all its dimensions - economic, political and social - is rent apart like the......
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9:48 AM Wed, Mar 04, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Despite their offers of deeper discounts, automakers had more trouble luring shoppers into showrooms in February, when vehicle sales fell to their lowest......
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11:40 AM Tue, Mar 03, 2009 | Permalink |
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By Peter C. T. Elsworth Email
MEMPHIS, Tenn. -- AutoZone Inc. reported a second-quarter profit increase of 8.6 percent Tuesday, as car owners and mechanics increased spending on automotive parts and......
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11:40 AM Tue, Mar 03, 2009 | Permalink |
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By Peter C. T. Elsworth Email
TOKYO -- Toyota's financing unit is in talks with a Japanese government-backed bank on possible lending, the automaker said Tuesday, underlining the serious woes facing......
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