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May 3, 2009 - May 9, 2009 Archives

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Oil rises to $58 on economic recovery hopes

11:52 AM Fri, May 08, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Oil prices rose to $58 a barrel Friday as better than expected U.S. unemployment figures boosted the mood among investors betting that a year-end recovery......

>> Continue reading Oil rises to $58 on economic recovery hopes

 Tags  Oil prices  

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China vehicle sales hit monthly high of 1.15 million

11:50 AM Fri, May 08, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

SHANGHAI -- China's vehicle sales jumped 25 percent in April from the year before to a record monthly high of 1.15 million units, according to......

>> Continue reading China vehicle sales hit monthly high of 1.15 million

 Tags  auto sales   China  

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Toyota sees losses deepening this year

9:40 AM Fri, May 08, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

TOKYO -- Toyota lost $7.7 billion in the January-March quarter - a bigger loss than General Motors reported - resulting in its worst fiscal year......

>> Continue reading Toyota sees losses deepening this year

 Tags  auto sales   Toyota  

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Bean counters rule, ok?

10:46 AM Thu, May 07, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Bean counters rule, ok? When I was cutting my teeth in this profession, I worked for seven years in New York for Reuters, the British......

>> Continue reading Bean counters rule, ok?

 Tags  Capstone   Chrysler   Manzo  

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GM posts $6 billion 1Q loss, spends $10.2 billion in cash

9:47 AM Thu, May 07, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- General Motors Corp. lost $6 billion in the first quarter and its revenue was cut nearly in half as car buyers feared the......

>> Continue reading GM posts $6 billion 1Q loss, spends $10.2 billion in cash

 Tags  General Motors  

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Backseat Driver: Silver lining?

2:35 PM Wed, May 06, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Lets talk good news for a change. Auto sales may be down drastically, possibly coming in at around 10 million vehicles nationwide this year. That's......

>> Continue reading Backseat Driver: Silver lining?

 Tags  auto sales   Commentary  

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Judge approves bidding procedures for Chrysler

1:19 PM Wed, May 06, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK - A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler's assets, over objections from a group of......

>> Continue reading Judge approves bidding procedures for Chrysler

 Tags  Chrysler bankruptcy  

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Ford invests $550M to bring new Focus to market

1:19 PM Wed, May 06, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

WAYNE, Mich. -- Ford will invest $550 million to convert its old Michigan Truck Plant into a facility that will build small compact modern cars,......

>> Continue reading Ford invests $550M to bring new Focus to market

 Tags  Ford   Ford Focus  

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Chrysler offers up to $6,000 in incentives

1:19 PM Wed, May 06, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- Chrysler said Wednesday it is offering up to $6,000 worth of incentives on its 2009 vehicles as it races to emerge from......

>> Continue reading Chrysler offers up to $6,000 in incentives

 Tags  Chrysler  

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Chrysler bankruptcy has dealers on "razor's edge"

9:17 AM Tue, May 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK - Chrysler's car dealership network is on the verge of collapse, a U.S. bankruptcy court heard on Monday, as hundreds of dealerships have......

>> Continue reading Chrysler bankruptcy has dealers on "razor's edge"

 Tags  Chrysler   dealers  

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Report: Fiat boss sees savings in Opel alliance

9:04 AM Tue, May 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

BERLIN -- A Fiat tie-up with General Motors Corp.'s Opel unit would allow "immense" cost savings, the Italian auto maker's boss was quoted Tuesday as......

>> Continue reading Report: Fiat boss sees savings in Opel alliance

 Tags  Chrysler   Fiat   GM Europe   Opel   Saab   Vauxhall  

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GM's China sales surge 50 pct to monthly record

9:02 AM Tue, May 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

SHANGHAI -- General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong......

>> Continue reading GM's China sales surge 50 pct to monthly record

 Tags  China   General Motors  

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AP Interview: GM CEO says bankruptcy avoidable

4:36 PM Mon, May 04, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- With just a month left to check off an almost insurmountable list of restructuring moves, General Motors Corp.'s new CEO says it's still......

>> Continue reading AP Interview: GM CEO says bankruptcy avoidable

 Tags  General Motors  

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German Minister: Fiat bid would keep 3 German Opel plants

10:51 AM Mon, May 04, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

BERLIN -- Germany's economy minister says Fiat Group wants to take over General Motors' Opel unit without running up debt and would preserve the three......

>> Continue reading German Minister: Fiat bid would keep 3 German Opel plants

 Tags  Fiat   Gerneral Motors   Opel  

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GM retains adviser for Saturn sale

10:47 AM Mon, May 04, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

GM retains adviser for Saturn sale Advertisement Document Governors' letter seeking federal help for auto industry (PDF) Multimedia Look at Detroit automakers The Cars That......

>> Continue reading GM retains adviser for Saturn sale

 Tags  General Motors   Saturn  

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