Projo Cars Blog

June 7, 2009 - June 13, 2009 Archives


GM sale of Saab looms as Koenigsegg steps up

9:33 AM Fri, Jun 12, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

STOCKHOLM - General Motors is close to selling loss-making Swedish unit Saab after tiny supercar maker Koenigsegg agreed to ride to the rescue, a source......

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Reuters: Koenigsegg, Norwegian investors to buy Saab

11:53 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

STOCKHOLM - Swedish luxury carmaker Koenigsegg and Norwegian investors have signed a preliminary deal to buy General Motors' unit Saab, a source familiar with the......

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Backseat Driver: And now for the good news

11:53 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

With Chrysler coming out of bankruptcy as a subsidiary of Fiat and General Motors forging ahead with its restructuring plans, it's time to look at......

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Backseat Driver: Honda pushing ahead with hybrids

9:10 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

While Honda admits the U.S. car and truck market is unpredictable because it is so dependent on changing fuel prices - fuel is heavily taxed......

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Backseat Driver: Old habits die hard

9:10 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

Corporate politics, while an inevitable aspect of any organization can be a particular problem in older ones where ossified mindsets hamper innovation and old allegiances......

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U.S. Takes On the Insular G.M. Culture

9:10 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- Fiat will set a new direction at Chrysler, which finished its tour through bankruptcy court Wednesday, completing its deal to join forces with......

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Problems of old Chrysler linger at 'new' Chrysler

9:10 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- Chrysler may have been granted a fresh start, but it still faces old problems: how to sell enough cars and realign its fleet......

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Honda ready with big and small, hopes to win in US

9:10 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

TOKYO -- Honda is ready to offer bigger vehicles in North America should demand return for such models, as well as the small cars viewed......

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Fender-benders in micro cars can be costly

9:10 AM Thu, Jun 11, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

WASHINGTON -- Even a fender-bender in a fuel-efficient mini car can lead to thousands of dollars worth of repairs, the insurance industry found in new......

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Backseat Driver: Automotive News interviews Ernie Boch Jr.

5:14 PM Wed, Jun 10, 2009 | | Comments (1)
By Peter C. T. Elsworth    Email

A full page of the June 8 Automotive News is devoted to an interview with Ernie Boch Jr., president of Boch Automotive of Norwood, Mass.......

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Oil prices near $72, strike new high for 2009

12:53 PM Wed, Jun 10, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

HOUSTON -- Oil prices surged again Wednesday to a new high for the year with investors pouring money into crude markets as a hedge against......

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Swift Overhaul Moves Ahead as Fiat Acquires Chrysler Assets

10:48 AM Wed, Jun 10, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

With the touch of pen to paper and a simple wire transfer, Chrysler completed its deal with Fiat on Wednesday morning, largely ending its quick......

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Fiat closes deal to take Chrysler's good assets

10:11 AM Wed, Jun 10, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- Italian automaker Fiat says it has closed a deal to take over Chrysler's good assets, forming a new company and clearing the way......

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Gas prices flatten for first time since April

10:38 AM Tue, Jun 09, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

HOUSTON -- While crude flirted with $70 a barrel Tuesday, gasoline prices failed to rise overnight for the first time in 42 days, signaling a......

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Court adds uncertainty to Chrysler reorganization

10:38 AM Tue, Jun 09, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK (AP) -- Chrysler headed back to bankruptcy court Tuesday to get a judge to approve the termination of 789 dealer franchises, while Chrysler's......

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Former AT&T CEO to become new GM chairman

10:38 AM Tue, Jun 09, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

DETROIT -- A former CEO and chairman of telecommunications giant AT&T Inc. will lead General Motors Corp.'s board after the automaker emerges from bankruptcy protection,......

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Congress to consider 'cash for clunkers' plan

10:38 AM Tue, Jun 09, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

WASHINGTON (AP) -- Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a......

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Fiat commits to Chrysler deal despite court delay

10:38 AM Tue, Jun 09, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

MILAN -- Italian automaker Fiat said Tuesday it will not turn its back on a deal to acquire a controlling stake in Chrysler despite a......

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Chrysler dealers scramble to unload vehicles

3:30 PM Mon, Jun 08, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

The last days of selling Dodge, Jeep and Chrysler vehicles have been filled with quick sales at deep discounts, along with sad goodbyes from longtime......

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US files papers opposing delay of Chrysler sale

3:27 PM Mon, Jun 08, 2009 | | Write a comment
By Peter C. T. Elsworth    Email

NEW YORK -- Government officials asked the U.S. Supreme Court on Monday to allow the sale of most of Chrysler's assets to a group led......

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