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Government Rejects GM, Chrysler Viability Plans
March 30, 2009 - In a move that sent General Motors stock reeling, the Obama administration rejected the company's long-term viability plan as well as that put forth by Chrysler LLC on Monday, March 30.
March 30, 2009 - In a move that sent General Motors stock reeling, the Obama administration rejected the company's long-term viability plan as well as that put forth by Chrysler LLC on Monday, March 30.
Obama Indicates More Expected of GM, Chrysler
March 29, 2009 - Speaking during an interview for "Face the Nation," President Barak Obama indicated neither General Motors nor Chrysler has gone far enough in their efforts to restructure and become efficient and competitive.
March 29, 2009 - Speaking during an interview for "Face the Nation," President Barak Obama indicated neither General Motors nor Chrysler has gone far enough in their efforts to restructure and become efficient and competitive.
Tesla Introduces Famity Sedan
March 29, 2009 - Claiming its latest offering, the Model S, is aimed at a wider audience than the $109,000 Roadster, Tesla Motors Inc. CEO Elon Musk says 20,000 will be produced annually after the car appears late in 2011.
March 29, 2009 - Claiming its latest offering, the Model S, is aimed at a wider audience than the $109,000 Roadster, Tesla Motors Inc. CEO Elon Musk says 20,000 will be produced annually after the car appears late in 2011.
Toyota Expects Flat March Sales at Best
March 26, 2009 - After significant moves to reduce its bloated inventory, Toyota expects flat sales at best for the month of March with production to remain low through June.
March 26, 2009 - After significant moves to reduce its bloated inventory, Toyota expects flat sales at best for the month of March with production to remain low through June.
Toyota to Answer Honda Insight with Yaris Hybrid
March 25, 2009 - In response to the introduction of the $20,000 Honda Insight hybrid, Toyota will produce a hybrid version of the Yaris in an effort to retain the dominance of the genre it built with the Prius.
March 25, 2009 - In response to the introduction of the $20,000 Honda Insight hybrid, Toyota will produce a hybrid version of the Yaris in an effort to retain the dominance of the genre it built with the Prius.
Toxic Asset Program Appears to Calm Some Investor Fears
March 24, 2009 - The announcement of the Obama administration's plan for toxic assets seemed to calm rattled investors on Monday, March 23, with automotive and supplier stocks seeing improvement throughout the day.
March 24, 2009 - The announcement of the Obama administration's plan for toxic assets seemed to calm rattled investors on Monday, March 23, with automotive and supplier stocks seeing improvement throughout the day.
Auto Panel Head Warns GM, Chrysler May Need More
March 23, 2009 - In remarks reported by Bloomberg, co-adviser to the auto task force, Steven Rattner, said General Motors and Chrysler will likely need more federal aid than the $21.6 billion they have requested.
March 23, 2009 - In remarks reported by Bloomberg, co-adviser to the auto task force, Steven Rattner, said General Motors and Chrysler will likely need more federal aid than the $21.6 billion they have requested.
Obama Administration Extends Aid to Auto Suppliers
March 20, 2009 - In a newly announced facet of what will undoubtedly become a major restructuring of the American automotive industry, the Obama administration has created a new aid package for parts suppliers.
March 20, 2009 - In a newly announced facet of what will undoubtedly become a major restructuring of the American automotive industry, the Obama administration has created a new aid package for parts suppliers.
Buick, Jaguar Top Reliability Study
March 19, 2009 - Clawing their way up from sixth and tenth place last year, Buck and Jaguar dislodged Lexus as the most reliable vehicles according to J.D. Power and Associates.
March 19, 2009 - Clawing their way up from sixth and tenth place last year, Buck and Jaguar dislodged Lexus as the most reliable vehicles according to J.D. Power and Associates.
Foreign Interest in Saturn Spin-Off
March 18, 2009 - The head of the task force studying the spin-off of Saturn from General Motors reports that a number of car manufacturers, including some foreign based entities, have expressed interest in the brand.
March 18, 2009 - The head of the task force studying the spin-off of Saturn from General Motors reports that a number of car manufacturers, including some foreign based entities, have expressed interest in the brand.
Suzuki Runs Short Ad Blitz for SX4
March 17, 2009 - Suzuki Motor Corp. will run an advertising blitz for the SX4 hatchback and sedan from March 16 through March 23 before cutting its media efforts for the remainder of 2009.
March 17, 2009 - Suzuki Motor Corp. will run an advertising blitz for the SX4 hatchback and sedan from March 16 through March 23 before cutting its media efforts for the remainder of 2009.
Ford Grants Stock Options to Mulally
March 16, 2009 - Ford CEO Alan Mulally has received a stock options award of 5 million shares, a benefit that may be worthless without substantial improvement in Ford's market picture.
March 16, 2009 - Ford CEO Alan Mulally has received a stock options award of 5 million shares, a benefit that may be worthless without substantial improvement in Ford's market picture.
American Axle Warns Potential Failure in 2009
March 13, 2009 - In a filing to the Securities and Exchange Commission, American Axle expressed doubts about the company's financial viability in 2009, signaling a potential worsening of the automotive industry crisis.
March 13, 2009 - In a filing to the Securities and Exchange Commission, American Axle expressed doubts about the company's financial viability in 2009, signaling a potential worsening of the automotive industry crisis.
BMW Reports First Annual Loss Since 1993
March 12, 2009 - As credit in the United States tightened and luxury leases fell, BMW saw total group losses before interest and taxes of 78 percent for 2008 calling into question the viability of the premium car market.
March 12, 2009 - As credit in the United States tightened and luxury leases fell, BMW saw total group losses before interest and taxes of 78 percent for 2008 calling into question the viability of the premium car market.
GM Discontinues Diesel Engine Project for Fall
March 11, 2009 - General Motors has announced a halt to its innovative Duramax 4.5 liter V8 diesel engine that had been slated for fall production in Tonawanda, New York.
March 11, 2009 - General Motors has announced a halt to its innovative Duramax 4.5 liter V8 diesel engine that had been slated for fall production in Tonawanda, New York.
GM Officials to Meet with European Leaders
March 10, 2009 - Representatives of General Motors from Detroit and Europe are scheduled to meet with European lawmakers on Friday, March 13 to discuss aid to the continent's ailing automotive industry.
March 10, 2009 - Representatives of General Motors from Detroit and Europe are scheduled to meet with European lawmakers on Friday, March 13 to discuss aid to the continent's ailing automotive industry.
Automakers Cut Output as Sales Continue to Slide
March 09, 2009 - With February sales sliding to the lowest annualized sales rate in 27 years, automakers will cut production 41 percent for the first half of 2009 over 2008 levels.
March 09, 2009 - With February sales sliding to the lowest annualized sales rate in 27 years, automakers will cut production 41 percent for the first half of 2009 over 2008 levels.
Japan's Automakers Seeking Government Aid at Home
March 06, 2009 - Although in better shape than the American competition, Japanese automakers, feeling the effects of tight credit globally, will accept loans from their national government to support their overseas operations.
March 06, 2009 - Although in better shape than the American competition, Japanese automakers, feeling the effects of tight credit globally, will accept loans from their national government to support their overseas operations.
Ford Announces Significant Debt Restructuring
March 05, 2009 - Ford has announced a debt restructuring program that will lower the company's obligations by as much $10.4 billion, significantly improving the carmaker's risk profile and financial position.
March 05, 2009 - Ford has announced a debt restructuring program that will lower the company's obligations by as much $10.4 billion, significantly improving the carmaker's risk profile and financial position.
February Auto Sales Numbers Worse Than Analysts Predicted
March 04, 2009 - Automotive sales in the United States dropped 37 percent in February, exceeding even the worst analysts' predictions and signaling more pain ahead for major carmakers.
March 04, 2009 - Automotive sales in the United States dropped 37 percent in February, exceeding even the worst analysts' predictions and signaling more pain ahead for major carmakers.
Saab Searches for a Buyer, Need Aid from Swedish Government
March 03, 2009 - With General Motors set to cut Saab lose as an independent company by January 1, 2010, the carmaker is looking for a buyer and seeking aid from the Swedish government.
March 03, 2009 - With General Motors set to cut Saab lose as an independent company by January 1, 2010, the carmaker is looking for a buyer and seeking aid from the Swedish government.
Honda's Domestic Production to Fall Below 1 Million Units
March 01, 2009 - For the first time in 14 years, Honda Motor Co. is expected to announce projected domestic production levels for the ensuing fiscal year of less than 1 million units.
March 01, 2009 - For the first time in 14 years, Honda Motor Co. is expected to announce projected domestic production levels for the ensuing fiscal year of less than 1 million units.
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