Home
Cars Blog
May 10, 2009 - May 16, 2009 Archives
GM terminating about 1,100 dealer franchises
NEW YORK -- General Motors is telling about 1,100 dealers their franchises will be terminated late next year, according to The Associated Press. GM's action Friday comes just a day after crosstown rival Chrysler announced it will drop 789 of...
May 15, 2009 12:22 pm
Comments
GM dealers expect word on plans to cut 1,100 shops
DETROIT -- A day after Chrysler LLC told a quarter of its dealers that it won't renew their contracts, owners of General Motors Corp. dealerships are awaiting word on whether they will be next, according to The Associated Press. GM...
May 15, 2009 9:57 am
Comments
Chrysler seeks to close Tarbox Jeep
Chrysler included Tarbox Jeep of Tower Hill Road, North Kingstown, on its list of 789 dealers nationwide that it plans to close as part of its restucturing. Six other Rhode Island Chrysler dealerships: America Chrysler Dodge Jeep (Westerly); Bald Hill...
May 14, 2009 1:24 pm
Comments
Backseat Driver: Cutting dealership has a price
Chrysler submitted its list of 789 dealerships it plans to cut to the bankruptcy court in Manhattan Thursday and GM was expected to follow suit even though it is not in bankruptcy. The decision is highly emotional because auto dealers...
May 14, 2009 11:41 am
Comments
Chrysler moves to eliminate 789 of 3,200 dealers
NEW YORK -- Chrysler has told a bankruptcy court it plans to eliminate 789 of its dealers - or about 25 percent of them - across the country as part of its restructuring process, according to The Associated Press. The...
May 14, 2009 10:43 am
Comments
Backseat Driver: Buy GM - Not
I hope you did not buy stock in General Motors last summer when it was trading around $20 a share. Hey, maybe you fell for the big story in Barron's in early June that was promoted on the cover with...
May 14, 2009 10:21 am
Comments
Beach Boys Didn't Have a Deuce Coupe or a 409
Brian Wilson of the Beach Boys recently performed at the Petersen Automotive Museum in Los Angeles for its 15th annual gala. The theme for the evening was "California Dreaming," according to The New York Times. "We're going to do a...
May 14, 2009 7:54 am
Comments
Chinese imports could bring GM political troubles
DETROIT -- As thousands of General Motors workers await word on more U.S. plant closures, reports that the company plans to import Chinese-made vehicles to the U.S. have created a political problem for the automaker and the White House, according...
May 14, 2009 7:54 am
Comments
Balise Auto of Warwick opens Subaru showroom
Balise Auto of Warwick is opening its Subaru showroom Friday May 15. The move follows the opening of its new 114,000 square foot Toyota Scion dealership at the Post Road location. Crews converted the old Toyota building into the new...
May 13, 2009 1:06 pm
Comments
Auto suppliers lobby for federal support
WASHINGTON -- Auto suppliers appealed to lawmakers Wednesday for federal support, warning that the U.S. supply base could buckle under from the declining fortunes of General Motors and Chrysler, according to The Associated Press. But it's not just the big...
May 13, 2009 1:06 pm
Comments
Chrysler bankruptcy may take up to two years: report
Chrysler bankruptcy might take as long as two years, not the two months President Barack Obama suggested as a target, according to an administration official cited by Bloomberg. The 60 days projected by the President at an April 30 press...
May 13, 2009 9:44 am
Comments
Toyota cuts annual production goal to 7-year low
TOKYO -- Toyota Motor said Wednesday it will cut vehicle production 28 percent this year to its lowest level in seven years, according to The Associated Press. The world's largest automaker, struggling as sales fall across the globe, says it...
May 13, 2009 9:44 am
Comments
In German Suburb, Life Goes On Without Cars
VAUBAN, Germany -- Residents of this upscale community are suburban pioneers, going where few soccer moms or commuting executives have ever gone before: they have given up their cars, according to The New York TImes. Street parking, driveways and home...
May 12, 2009 12:52 pm
Comments
GM shares fall to 76-year low after execs dump stock
DETROIT - General Motors stock plunged more than 22 percent to a 76-year low on Tuesday, a day after a group of GM executives disclosed they had sold shares in the struggling automaker, according to Reuters. Six GM executives, led...
May 12, 2009 12:52 pm
Comments
GM CEO says tasks are large to avoid bankruptcy
DETROIT -- Bankruptcy protection for the nation's biggest automaker is becoming more probable with a deadline just over two weeks away, the company's top executive told reporters Monday, according to The Associated Press. General Motors Corp. CEO Fritz Henderson is...
May 11, 2009 9:50 am
Comments
Gasoline prices jump past $2
The average price of gasoline in the U.S. jumped 2.8 cents overnight to $2.169 for regular Friday, an enormous leap by recent standards, according to USA Today. The average is up 12.2 cents the past month, after having seemed stuck...
May 11, 2009 9:50 am
Comments
Honda Insight first hybrid to top Japan auto sales
TOKYO -- Honda's Insight, billed as the cheapest gas-electric hybrid on the market, ranked as the top-selling vehicle in Japan for April - the first time a hybrid has clinched that spot, according to The Associated Press. Honda Motor Co....
May 11, 2009 9:43 am
Comments
