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March 22, 2009 - March 28, 2009 Archives
Obama says automakers need 'drastic changes'
WASHINGTON -- President Barack Obama plans to announce a new aid package for General Motors and Chrysler in the coming days and says the carmakers must make "pretty drastic changes" to save their industry, according to The Associated Press. Obama...
March 27, 2009 1:43 pm
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Key deadline looms for Hummer sale process
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 (GM.N) has people wondering: Is it going to sell or is it going to fold?...
March 26, 2009 10:30 am
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Lloyd Ruby, Star-Crossed Indy 500 Racer, Dies at 81
Lloyd Ruby, one of the best -- and most star-crossed -- Indy 500 auto racers in history, died Monday in Wichita Falls, Tex., where he lived all his life, according to The New York Times. He was 81. Ruby...
March 26, 2009 10:17 am
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Toyota stands out in Consumer Reports' used-car rankings
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 cars. (Don't expect to find Lamborghinis or Rolls Royces among its statistics.) It lists the...
March 25, 2009 4:19 pm
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Study: Americans holding onto vehicles longer
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 the overall economy. Noting that The Conference Board finds consumer confidence at an all time...
March 25, 2009 3:08 pm
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When Detroit set the international racing world on fire
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 of Denmark in a diesel-powered Audi R15 at the 12 Hours of Sebring (Fla.), made...
March 25, 2009 1:49 pm
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Numbers paint sorry picture of auto parts markers and dealerships
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 at the new car dealership level. It collated sales and profits per employee for both...
March 24, 2009 4:09 pm
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GM begins white-collar layoffs with 160 pink slips
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 shrink its work force so it can be profitable at lower sales levels, according to...
March 24, 2009 3:52 pm
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The Nano, world's cheapest car, to hit Indian roads
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 expected to far outstrip supply as the price tag of around $2,000 draws legions of...
March 23, 2009 10:35 am
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Oil climbs past $52 on stock market rally
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 bad assets from banks to contain the financial crisis, according to The Associated Press. Benchmark...
March 23, 2009 10:33 am
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