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March 29, 2009 - April 4, 2009 Archives
9:50 AM Thu, Apr 02, 2009 | Permalink |
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By Peter C. T. Elsworth  Email
DETROIT -- New-vehicle sales fell in March for a 17th consecutive month, but carmakers said that proposed federal incentives and reports from dealers of increased......
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9:50 AM Thu, Apr 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
TIANJIN, China -- Chinese leaders have adopted a plan aimed at turning the country into one of the leading producers of hybrid and all-electric vehicles......
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9:37 AM Thu, Apr 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
RICHMOND, Va. -- Auto retailer CarMax said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset......
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6:13 PM Wed, Apr 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Glimmer of hope in March's steep auto sales drop DETROIT -- March proved to be another dismal month of steep declines for U.S. auto sales......
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2:54 PM Wed, Apr 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- March proved to be another dismal month of steep declines for U.S. auto sales, as low consumer confidence and job uncertainty kept buyers......
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12:07 PM Wed, Apr 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Ford Motor Co. says its March sales in the U.S. fell 41 percent from a year earlier as low consumer confidence and job......
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12:07 PM Wed, Apr 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
PARIS/DETROIT - The U.S. auto industry struggled to restructure and added deals to get buyers back into their showrooms, hoping to mimic the incentive-driven successes......
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12:07 PM Wed, Apr 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- GMAC says it will temporarily eliminate and waive some fees and payments for dealers in an effort to ease the pressures stemming......
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12:05 PM Wed, Apr 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK - A possible bankruptcy plan being discussed for General Motors includes quickly forming a new company of the automaker's most profitable parts, while......
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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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