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April 19, 2009 - April 25, 2009 Archives

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GM prepares to announce Pontiac closure next week

3:08 PM Fri, Apr 24, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans and......

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 Tags  General Motors   Pontiac  

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Plight of Carmakers Could Upset All Pension Plans

12:56 PM Fri, Apr 24, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Decisions that the government will make soon on the future of General Motors and Chrysler could accelerate the decline of traditional pension plans, which have......

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 Tags  Auto industry   pensions  

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13 G.M. Plants Will Take Much of the Summer Off

12:56 PM Fri, Apr 24, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- General Motors said on Thursday that it would idle 13 of its 21 North American assembly plants for much of the summer, as......

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 Tags  General Motors  

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U.S. Said to Seek a Chrysler Plan for Bankruptcy

12:56 PM Fri, Apr 24, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- The Treasury Department is directing Chrysler to prepare a Chapter 11 bankruptcy filing as soon as next week, people with direct knowledge of......

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 Tags  Chrysler   Fiat  

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Ford posts $1.4 billion 1Q loss, uses less cash

12:56 PM Fri, Apr 24, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DEARBORN, Mich. -- Ford reported a first-quarter loss of $1.4 billion Friday and said it depleted less of its cash, emphasizing that it doesn't expect......

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 Tags  auto industry   Ford  

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Backseat Driver: Ford helps parents make driving safer for teens

11:34 AM Thu, Apr 23, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Here's a good idea and more's the pity that it will only be available in Ford vehicles - initially the 2010 Ford Focus. To start......

>> Continue reading Backseat Driver: Ford helps parents make driving safer for teens

 Tags  Ford   MyKey   safety   teenage driving  

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Backseat Driver: Fiat taking advantage of Detroit's travails

11:34 AM Thu, Apr 23, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Fiat could come out of the current debacle not only with a strong foothold in North America with the acquisition of Chrysler's operations but also......

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 Tags  Chrysler   Fiat   General Motors  

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Backseat Driver: Higher gas taxes anyone?

10:30 AM Thu, Apr 23, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

I spent last week in France where all the cars are small. Why? It's simple. Gas costs the equivalent of $6 a gallon there, diesel......

>> Continue reading Backseat Driver: Higher gas taxes anyone?

 Tags  Commentary   Europe   gas taxes  

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AutoNation 1Q profit falls 32 pct on weak sales

9:31 AM Thu, Apr 23, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

RICHMOND, Va. -- AutoNation Inc., the country's largest automotive retailer, said Thursday its first-quarter profit dropped 32 percent as consumers continued to avoid car purchases,......

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 Tags  auto industry   Autonation  

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AP Source: New offer made to Chrysler lenders

9:28 AM Thu, Apr 23, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- A person familiar with the matter says the Treasury Department has made a new offer to Chrysler's creditors, according to The Associated......

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 Tags  Chrysler  

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Volkswagen Quarterly Profit Plummets

10:15 AM Wed, Apr 22, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Volkswagen, the largest European automaker, said Wednesday that its net profit dropped 74 percent in the first three months, even as it gained market share......

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 Tags  Volkswagen  

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GM, Chrysler to get $5.5B more in government loans

11:46 AM Tue, Apr 21, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- General Motors could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race......

>> Continue reading GM, Chrysler to get $5.5B more in government loans

 Tags  Bailout loans   Chrysler   General Motors  

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