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Ford Confident it Can Survive 2009
February 27, 2009 - Unlike rival General Motors, the Ford Motor Company says it has cash on hand to survive 2009 and its auditors signaled no concerns about the company as a "going concern."
February 27, 2009 - Unlike rival General Motors, the Ford Motor Company says it has cash on hand to survive 2009 and its auditors signaled no concerns about the company as a "going concern."
GM Posts Even Greater Losses with $5.2 Billion Cash Burn
February 26, 2009 - In grim figures including a net loss of $9.6 billion and a cash burn of $5.2 billion, General Motors posted its sixth consecutive losing quarter, calling into question whether the company is a "going concern."
February 26, 2009 - In grim figures including a net loss of $9.6 billion and a cash burn of $5.2 billion, General Motors posted its sixth consecutive losing quarter, calling into question whether the company is a "going concern."
Obama Signals Continued Willingness to Support Auto Industry
February 25, 2009 - Although stressing the auto industry will not be rewarded for bad practices and poor decisions in the past, President Obama indicated a willingness to continue support for carmakers if they change.
February 25, 2009 - Although stressing the auto industry will not be rewarded for bad practices and poor decisions in the past, President Obama indicated a willingness to continue support for carmakers if they change.
Honda Names Ito CEO and R and D Head
February 24, 2009 - For the first time since 1998, the same executive, Takanobu Ito, will serve as both CEO of Honda Motor Co. and head of Honda R and D Co. Ltd.
February 24, 2009 - For the first time since 1998, the same executive, Takanobu Ito, will serve as both CEO of Honda Motor Co. and head of Honda R and D Co. Ltd.
Ford, UAW Reach Agreement on VEBA Contributions
February 23, 2009 - Although the exact provisions of a new agreement between the United Auto Workers and Ford have not been disclosed, both sides agree the arrangement will help insure the company's long-term viability.
February 23, 2009 - Although the exact provisions of a new agreement between the United Auto Workers and Ford have not been disclosed, both sides agree the arrangement will help insure the company's long-term viability.
Hyundai Offers Enhanced Incentive Plan
February 20, 2009 - In a move designed to quell consumer fears over potential job losses, Hyundai is augmenting its incentive program by offering to help consumers pay for their automobiles while searching for a job.
February 20, 2009 - In a move designed to quell consumer fears over potential job losses, Hyundai is augmenting its incentive program by offering to help consumers pay for their automobiles while searching for a job.
Anticipating Weak Sales, AutoNation Cuts Orders Through April
February 19, 2009 - In anticipation of continued weak sales and in an effort to reduce its inventory of unsold cars, AutoNation has announced plans to curtail its monthly orders by 60 percent through April.
February 19, 2009 - In anticipation of continued weak sales and in an effort to reduce its inventory of unsold cars, AutoNation has announced plans to curtail its monthly orders by 60 percent through April.
GM, Chrysler Include Bankruptcy Scenarios, Reject the Option
February 18, 2009 - Both General Motors and Chrysler were required to include bankruptcy scenarios in the viability plans they submitted to the federal government on February 17, but both reject the solution for their problems.
February 18, 2009 - Both General Motors and Chrysler were required to include bankruptcy scenarios in the viability plans they submitted to the federal government on February 17, but both reject the solution for their problems.
Obama Administration Releases $4 Billion to GM, Chrysler
February 17, 2009 - With viability plans from General Motors and Chrysler due today, the Obama administration will release an additional $4 billion to the troubled automakers as anticipated.
February 17, 2009 - With viability plans from General Motors and Chrysler due today, the Obama administration will release an additional $4 billion to the troubled automakers as anticipated.
Obama Administration Decided No Car Czar
February 16, 2009 - Sources close to the Obama administration report that there will be no car czar to oversee the restructuring of GM and Chrysler, but instead the task will be delegated to a panel of top economic advisers.
February 16, 2009 - Sources close to the Obama administration report that there will be no car czar to oversee the restructuring of GM and Chrysler, but instead the task will be delegated to a panel of top economic advisers.
Toyota Working to Keep North American Jobs Intact
February 13, 2009 - Continuing to stand by its North American workforce, Toyota has announced wage reductions, shorter hours, and a buy-out offer in an effort to avoid layoffs.
February 13, 2009 - Continuing to stand by its North American workforce, Toyota has announced wage reductions, shorter hours, and a buy-out offer in an effort to avoid layoffs.
Obama Says More Automotive Aid Depends on Industry Change
February 12, 2009 - Speaking to a group of regional reporters on Wednesday, February 11, President Barak Obama made it clear that further aid to the troubled American auto industry depends on real and viable change.
February 12, 2009 - Speaking to a group of regional reporters on Wednesday, February 11, President Barak Obama made it clear that further aid to the troubled American auto industry depends on real and viable change.
Lutz Leaves Troubled GM
February 11, 2009 - Bob Lutz, the driving force behind the as-yet-unrealized Chevrolet Volt, will retire from General Motors on April 1, leaving a company currently surviving on a massive infusion of federal funds.
February 11, 2009 - Bob Lutz, the driving force behind the as-yet-unrealized Chevrolet Volt, will retire from General Motors on April 1, leaving a company currently surviving on a massive infusion of federal funds.
GM Announces Lay Off of 10,000 Workers
February 10, 2009 - As General Motors works to keep its federal loan package and prove its long-term viability, the company announced January 10 that 10,000 salaried workers will be laid off with pay cuts for those who remain.
February 10, 2009 - As General Motors works to keep its federal loan package and prove its long-term viability, the company announced January 10 that 10,000 salaried workers will be laid off with pay cuts for those who remain.
Obama Administration Considering More Auto Industry Aid
February 09, 2009 - Although no decisions will be made until General Motors and Chrysler have presented their viability plans to the Obama administration, more aid to the American auto industry is likely.
February 09, 2009 - Although no decisions will be made until General Motors and Chrysler have presented their viability plans to the Obama administration, more aid to the American auto industry is likely.
Toyota Forecast Worsens as Sales Continue to Drop
February 06, 2009 - With auto sales continuing to plunge in January 2009, Toyota has revised its projected loss for the fiscal year ending March 31 to $4.95 billion, three times the company's previous estimate.
February 06, 2009 - With auto sales continuing to plunge in January 2009, Toyota has revised its projected loss for the fiscal year ending March 31 to $4.95 billion, three times the company's previous estimate.
Honda Hopes to Bring Insight Hybrid to U.S. for Under $20K
February 05, 2009 - With an ambitious sales goal of 100,000 units annually, Honda will introduce the Insight hybrid to the U.S. market in April with a projected sticker price of under $20,000.
February 05, 2009 - With an ambitious sales goal of 100,000 units annually, Honda will introduce the Insight hybrid to the U.S. market in April with a projected sticker price of under $20,000.
Saturn, Saab, Hummer May Face Extinction
February 04, 2009 - General Motors may have no choice but to shutter its unprofitable Saturn, Saab, and Hummer lines as a deadline nears to illustrate the company's long-term viability to the Treasury Department.
February 04, 2009 - General Motors may have no choice but to shutter its unprofitable Saturn, Saab, and Hummer lines as a deadline nears to illustrate the company's long-term viability to the Treasury Department.
Automakers See Sales Down, Inventory Up
February 04, 2009 - At the beginning of a new year, automakers continue to struggle with low demand and high inventory as they attempt to weather their worst sales numbers in 25 years.
February 04, 2009 - At the beginning of a new year, automakers continue to struggle with low demand and high inventory as they attempt to weather their worst sales numbers in 25 years.
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