Projo Cars Blog

May 31, 2009 - June 6, 2009 Archives


Appeals court to hear argument vs. Chrysler sale

11:50 AM Fri, Jun 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- The decision on whether Chrysler can sell the bulk of its assets to a group led by Italy's Fiat as part of......

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Reports question Chinese Hummer acquisition

11:50 AM Fri, Jun 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

SHANGHAI -- General Motors' planned sale of its Hummer brand to a little-known Chinese truck maker could be blocked by regulators who have not approved......

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Fiat still interested in Opel

11:50 AM Fri, Jun 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

MILAN -- Fiat CEO Sergio Marchionne said Friday that the Italian automaker hasn't given up on Germany's Opel, even though a tentative Opel takeover deal......

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GM to sell Saturn brand to Penske dealership chain

11:40 AM Fri, Jun 05, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- General Motors has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske,......

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Chrysler dealers question franchise terminations

9:51 AM Thu, Jun 04, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- A parade of Chrysler dealers slated to lose their franchises, including Jim Tarbox of Tarbox Jeep in North Kingstown and Tarbox Chrysler......

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Toyota: hybrids best 'green' car for some time

9:51 AM Thu, Jun 04, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

TOYOTA -- A Toyota executive overseeing research said Thursday a battery breakthrough is needed for electric vehicles to become mainstream, and hybrids will remain the......

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GM, Chrysler say slashing dealerships necessary

3:58 PM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

WASHINGTON -- The chiefs of General and Chrysler told Congress on Wednesday they have too many dealers to support their slimmed down operations and sacrifices......

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Backseat Driver: What was Chrysler thinking?

11:20 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

While a bankruptcy judge is expected to hear arguments Thursday on Chrysler's plan to terminate 789 dealerships, senators in Washington are questioning Chrysler and General......

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Motion to terminate Chrysler dealer franchises postponed

11:12 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- A hearing on Chrysler's request to terminate the franchises of 789 of its dealers has been pushed back by a day, according......

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Backseat Driver: What's playing at the Dunk?

11:12 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Talking about downtown, I wonder why the architects who did such a great job refurbishing the Dunkin' Donuts Center did not include a big electronic......

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Backseat Driver: Time for a bridge over troubled traffic?

10:20 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Now that CVS has moved into that dead zone at the south end of Providence Place (how many businesses have come and gone over the......

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Senate reviews closing of GM, Chrysler dealerships

9:25 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

WASHINGTON -- Top executives from General Motors and Chrysler face tough questions from lawmakers about sweeping plans to close hundreds of car dealerships as the......

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Hummer's Chinese buyer a newcomer to auto industry

9:25 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

BEIJING -- Hummer owners are an unusual breed, but a little-known Chinese company's surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious......

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Judge to rule on Chrysler franchise terminations

9:25 AM Wed, Jun 03, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- A bankruptcy judge will rule Wednesday on whether Chrysler can terminate the franchise agreements of 789 of its dealers as part of......

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For G.M. and Ford, May Was Best Month for Sales This Year

12:03 PM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- With two carmakers operating in bankruptcy protection, the auto industry is hoping to see some evidence Tuesday that new-vehicle sales could start to......

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Chrysler's sales fall 47 percent but people still buy

12:03 PM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- Chrysler LLC's U.S. sales fell 47 percent in May, but the company says being under bankruptcy protection did little to deter customers from......

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GM's May sales down 30 percent but improving

12:03 PM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- A day after filing for bankruptcy protection, automaker General Motors Corp. says its U.S. sales in May fell 30 percent from a year......

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AP source: GM to sell Hummer to Chinese company

12:03 PM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT - General Motors took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese......

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NYT's David Brooks takes a sober look at GM bankruptcy

12:03 PM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Columnist David Brooks has a sober look at the General Motors bankruptcy in today's York Times and I think he brilliantly puts his finger on......

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Obama's Test: Restoring G.M. With a Limited U.S. Role

8:37 AM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

WASHINGTON -- President Obama boiled down his three goals as the reluctant majority shareholder of General Motors this way on Monday: "To get G.M. back......

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General Motors in tentative deal to sell Hummer

8:30 AM Tue, Jun 02, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- General Motors said Tuesday that it has tentatively agreed to sell its Hummer brand, a day after the U.S. automaker filed for......

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General Motors details bankruptcy agreement with government

9:54 AM Mon, Jun 01, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT, June 1, 2009 - General Motors today announced that it has reached agreements with the U.S. Treasury and the governments of Canada and Ontario......

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General Motors details plant closings

9:54 AM Mon, Jun 01, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT, Mich. -- General Motors today announced details of its accelerated manufacturing plan to improve capacity utilization and flexibility for the New GM. GM also......

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Owning G.M.

9:21 AM Mon, Jun 01, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Here is a link to the lead editorial in today's New York Times: The government is about to own a controlling stake in one of......

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After Many Stumbles, Fall of an American Giant

9:21 AM Mon, Jun 01, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

It is a company that helped lift hundreds of thousands of American workers into the middle class. It transformed Detroit into the Silicon Valley of......

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Judge OKs sale of most Chrysler assets to Fiat

9:21 AM Mon, Jun 01, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- A federal bankruptcy judge approved the sale of most of Chrysler's assets to Italy's Fiat, moving the American automaker a step closer......

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General Motors files for bankruptcy protection

9:21 AM Mon, Jun 01, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a......

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