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Honda 3Q Losses Cut Profit Forecast
January 30, 2009 - Honda's announcement of a 63 percent drop in profits for the third fiscal quarter likely foreshadows a series of such reports from Japanese automakers as the global economic crisis batters sales.
January 30, 2009 - Honda's announcement of a 63 percent drop in profits for the third fiscal quarter likely foreshadows a series of such reports from Japanese automakers as the global economic crisis batters sales.
Ford 4th Quarter Consumes $5.5 Billion
January 29, 2009 - In the fourth quarter of 2008 the Ford Motor Co. burned through $5.5 billion in cash finishing the year with a pre-tax operating loss of $3.7 billion compared to only $620 million at the end of 2007.
January 29, 2009 - In the fourth quarter of 2008 the Ford Motor Co. burned through $5.5 billion in cash finishing the year with a pre-tax operating loss of $3.7 billion compared to only $620 million at the end of 2007.
Japan Sees Decline in Domestic Auto Sales
January 28, 2009 - Recent figures show that the global credit crunch has reached Japan, with the domestic sale of vehicles down 4.8 percent for 2008 and a prediction of an additional 4.9 percent decline for 2009.
January 28, 2009 - Recent figures show that the global credit crunch has reached Japan, with the domestic sale of vehicles down 4.8 percent for 2008 and a prediction of an additional 4.9 percent decline for 2009.
Obama Administration Turns Attention to Fuel Standards
January 27, 2009 - On Monday, January 26, opening his second week in office, President Barak Obama turned his attention to fuel economy standards and state greenhouse gas emissions regulations.
January 27, 2009 - On Monday, January 26, opening his second week in office, President Barak Obama turned his attention to fuel economy standards and state greenhouse gas emissions regulations.
Nardelli Announces New Durango, Clarifies Fiat Deal
January 26, 2009 - In a letter to employees, Chrysler Chairman Bob Nardelli confirmed a new generation of the Dodge Durango and clarified aspects of the proposed alliance with Fiat.
January 26, 2009 - In a letter to employees, Chrysler Chairman Bob Nardelli confirmed a new generation of the Dodge Durango and clarified aspects of the proposed alliance with Fiat.
Hybrid Sales Fell in 2008 on Lower Gas Prices
January 23, 2009 - Reflecting the rocky course of 2008 in terms of gasoline prices and the health of the auto industry itself, sales of gasoline-electric hybrids declined 9.9 percent over 2007 figures.
January 23, 2009 - Reflecting the rocky course of 2008 in terms of gasoline prices and the health of the auto industry itself, sales of gasoline-electric hybrids declined 9.9 percent over 2007 figures.
Gettelfinger Does Not Anticipate UAW Wage Cuts
January 22, 2009 - During remarks delivered at the Automotive News World Congress, UAW President Ron Gettelfinger said wage cuts would not be among the union's concessions to meet federal bailout requirements for GM and Chrysler.
January 22, 2009 - During remarks delivered at the Automotive News World Congress, UAW President Ron Gettelfinger said wage cuts would not be among the union's concessions to meet federal bailout requirements for GM and Chrysler.
Toyota Topples GM As World's Largest
January 21, 2009 - On the heels of its end of year sales figures, General Motors, with a loss of 10.8 percent came in 616,000 units behind Toyota, losing its crown as the world's largest automaker.
January 21, 2009 - On the heels of its end of year sales figures, General Motors, with a loss of 10.8 percent came in 616,000 units behind Toyota, losing its crown as the world's largest automaker.
Fiat and Chrysler Talk Partnership
January 20, 2009 - Sources in Europe confirm that Chrysler LLC has entered into partnership talks with the Fiat Group as part of the American automaker's efforts to restructure following a federal bailout.
January 20, 2009 - Sources in Europe confirm that Chrysler LLC has entered into partnership talks with the Fiat Group as part of the American automaker's efforts to restructure following a federal bailout.
Chrysler Unveils New Incentives on Heels of Federal Loan
January 19, 2009 - As a result of the company receiving $1.5 billion in federal loan funds, Chrysler LLC will be offering incentives with zero financing on a range of 2008 and 2009 models.
January 19, 2009 - As a result of the company receiving $1.5 billion in federal loan funds, Chrysler LLC will be offering incentives with zero financing on a range of 2008 and 2009 models.
Suppliers to Seek Their Own Bailout
January 16, 2009 - Hit hard by production cuts by the Detroit Big Three, leading professional organizations for automotive parts suppliers plan to seek a federal bailout for their ailing industry.
January 16, 2009 - Hit hard by production cuts by the Detroit Big Three, leading professional organizations for automotive parts suppliers plan to seek a federal bailout for their ailing industry.
Detroit Big Three Decide Not to Go to Tokyo
January 15, 2009 - None of the Detroit Big Three will be attending the Tokyo auto show scheduled to begin in October, leading organizers in Japan to consider canceling the entire event.
January 15, 2009 - None of the Detroit Big Three will be attending the Tokyo auto show scheduled to begin in October, leading organizers in Japan to consider canceling the entire event.
Dodge Introduces a Retro Challenger in Detroit
January 14, 2009 - In a move away from the current trend toward small, fuel efficient vehicles, Dodge is reaching out to fans of classic muscle cars, introducing the Challenger R/T Classic at the Detroit auto show.
January 14, 2009 - In a move away from the current trend toward small, fuel efficient vehicles, Dodge is reaching out to fans of classic muscle cars, introducing the Challenger R/T Classic at the Detroit auto show.
Hyundai Genesis, Ford F-150 Named Car and Truck of the Year
January 13, 2009 - The Hyundai Genesis and the Ford F-150 were named 2009 Car and Truck of the Year respectively at the Detroit Auto Show on January 11.
January 13, 2009 - The Hyundai Genesis and the Ford F-150 were named 2009 Car and Truck of the Year respectively at the Detroit Auto Show on January 11.
Ford to Offer Line of Plug-In Electrics
January 12, 2009 - In remarks delivered at the Detroit auto show, Ford Executive Chairman Bill Ford announced that the automaker will introduce a line of plug-in electric vehicles between 2010 and 2012.
January 12, 2009 - In remarks delivered at the Detroit auto show, Ford Executive Chairman Bill Ford announced that the automaker will introduce a line of plug-in electric vehicles between 2010 and 2012.
Ford's Cash Position Potentially Weaker than Indicated
January 09, 2009 - After some confusing statements by CEO Alan Mulally, the Ford Motor Co. has now clarified that its cash reserves going into 2009 have fallen below $15 billion.
January 09, 2009 - After some confusing statements by CEO Alan Mulally, the Ford Motor Co. has now clarified that its cash reserves going into 2009 have fallen below $15 billion.
GM, UAW Set to Bargain Wage Concessions
January 08, 2009 - Although the United Auto Workers dispute the estimated $10 wage gap between union and non-union labors, GM is faced with bringing its wages in line with the Asian competition to keep its federal bailout funds.
January 08, 2009 - Although the United Auto Workers dispute the estimated $10 wage gap between union and non-union labors, GM is faced with bringing its wages in line with the Asian competition to keep its federal bailout funds.
Incentives on New Car Purchases at the Highest Level in Six Years
January 07, 2009 - In a desperate bid to overcome floundering consumer confidence, automakers are offering the highest incentives in six years, on average $2,902 per vehicle.
January 07, 2009 - In a desperate bid to overcome floundering consumer confidence, automakers are offering the highest incentives in six years, on average $2,902 per vehicle.
More Bailout Bucks for GM and GMAC
January 06, 2009 - GM gets more bailout bucks while reducing stake in GMAC. GMAC also gets financial infusion.
January 06, 2009 - GM gets more bailout bucks while reducing stake in GMAC. GMAC also gets financial infusion.
Rental Companies Reduce Car Purchases
January 05, 2009 - Rental car companies are cutting back on new car purchases and keeping existing vehicles in service longer in reaction to the credit crunch and economic recession crippling the American auto industry.
January 05, 2009 - Rental car companies are cutting back on new car purchases and keeping existing vehicles in service longer in reaction to the credit crunch and economic recession crippling the American auto industry.
GMAC Announces Debt Swap
January 01, 2009 - After receiving $6 billion in federal loans, GM financing affiliate GMAC has now announced a $21.2 billion debt swap to ease its financial burden and facilitate long-term recovery.
January 01, 2009 - After receiving $6 billion in federal loans, GM financing affiliate GMAC has now announced a $21.2 billion debt swap to ease its financial burden and facilitate long-term recovery.
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