GM Offers Financial Package to End American Axle Strike
May 09, 2008 - In a bid to end the United Auto Worker strike against its major supplier American Axle, General Motors will pay $200 million to "bridge the gap" between the two parties.

American Economy Effects Toyota Profit
May 08, 2008 - The sluggish American economy is making itself felt around the world and is being blamed for Toyota's first projected annual profit losses in nine years.

Strike Causes GM to Halt Orders for Big Trucks
May 07, 2008 - The ongoing American Axle & Manufacturing Holdings strike, which is depriving General Motors of needed parts, has caused the company to halt production of a number of full-sized trucks and SUVs.

Hyundai, Microsoft Partnership Announced
May 06, 2008 - In an announcement today from South Korea, Hyundai-Kia Automotive Group and Microsoft unveiled a partnership to supply advanced infotainment systems in North American Hyundai and Kia vehicles beginning in 2010.

Compact and Sub-Compact Cars Sold Briskly in April
May 05, 2008 - In a trend that is shaking up the industry, 1 in 5 vehicles sold in April 2008 was a compact or sub-compact, a significant shift in automotive buying habits to the benefit of companies like Honda and Toyota.

Gas Rose 15 Cents Over Past Two Weeks
May 05, 2008 - Over the past two weeks the price of gasoline jumped 15 cents per gallon with experts expecting even higher prices with the advent of the busy summer driving season.

Daimler Decreases Valuation of Its Chrysler Stake
May 01, 2008 - In its first quarter report made in Stuttgart on April 29, Daimler AG substantially reduced the value of its 19.9% share in Chrysler based on "falling residual values" of the American automaker's products.

In 1Q 2008 GM Posts $3.25 Billion Loss
April 30, 2008 - For the first quarter of 2008 General Motors posted a $3.25 billion loss on overall economic weakness, high investment costs, and labor unrest.

Gasoline Costs Increasingly Impact American Families
April 29, 2008 - The results of a survey of 2003 adults conducted in the first half of April 2008 indicated that 44% of respondents listed the cost of gasoline as the major economic issue effecting their lives.

Global Events Complicate Oil and Gas Prices
April 28, 2008 - After a weekend strike in Scotland shuttered a major U.K. pipeline, the per barrel price of oil spiked to $120 Monday morning with the average per gallon price for regular unleaded sitting at $3.603.

2009 Mazda6 to Hit Dealer Lots Late This Summer
April 25, 2008 - The appearance of the redesigned 2009 Mazda6 in showrooms late this summer is planned to bring up sales of the mid-sized sedan in direct competition with the Honda Accord and Toyota Camry.

Ford Posts Surprising First Quarter Profit
April 24, 2008 - Confounding the glum predictions of industry analysts, the Ford Motor Company posted a profit for the first quarter of 2008, apparent proof that its restructuring program is working.

Bush Administration Calls for Aggressive Moves on Fuel Economy Standards
April 23, 2008 - The White House called on automakers on April 21 to aggressively work toward Congressionally mandated fuel economy standards with ambitious increases through the 2011-15 model years.

Average Gasoline Prices Hit New Record High
April 22, 2008 - With disruptions in the international oil supply, record per barrel oil prices, and increasing fears of recession in the United States, gasoline reached an average price of $3.50 per gallon Monday.

Muscle Car Lovers Snatching Up 2008 Dodge Challenger
April 21, 2008 - With just 6,400 units built for 2008, more than 10,000 customers have placed orders for the Dodge Challenger SRT8 muscle car, the worthy descendant of the original 1970 model.