| 65 Business News - Automotive Resources |
| 73,000 workers walk in nationwide GM strike
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| Marathon bargaining session fails to produce deal as 73,000 UAW members start strike; talks set to resume.
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September 24, 2007 |
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| Auto sales plunge
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| Buyers flee SUVs and pickups but can't find the cars they want, resulting in steep declines at most automakers.
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July 1, 2008 |
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| Automakers, analysts expect June sales drop
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| With General Motors shares trading near their lowest levels in more than half a century and gasoline prices rising to record levels, the auto industry braced to deliver another bleak monthly report on auto sales.
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July 1, 2008 |
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| BMW to increase US car production
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| The luxury carmaker BMW has announced it will invest $750m as part of plans to increase production in the US.
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March 10, 2008 |
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| China's auto startups target Toyota
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| There's no tax on big talk, goes a Chinese saying, and many indigenous car brands seem to have taken that aphorism to heart.
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November 6, 2007 |
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| Chrysler is American again
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| DaimlerChrysler provides $1.5 billion of financing to seal deal to sell Chrysler to Cerberus Capital, closing books on failed 9-year-old merger.
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August 3, 2007 |
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| Chrysler to close Missouri plant indefinitely
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| Other St. Louis facility to cut production, both make trucks and minivans.
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June 30, 2008 |
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| Chrysler to cut 1,000 salaried jobs by fall
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| Automaker says layoffs are needed during industry's long slump.
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July 23, 2008 |
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| Chrysler to cut 10,000 more jobs
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| US car giant Chrysler has announced plans to cut at least 10,000 jobs, months after it was bought by a leading private equity firm.
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November 1, 2007 |
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| Chrysler to Make a 1,500 Non-Union Job Cut
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| Chrysler LLC is likely to make another round of buyout or early retirement offers to salaried employees and cut contract workers in an effort to reduce its white-collar work force by about 1,500 more people.
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October 9, 2007 |
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| Despite sluggish sales, GM to raise prices
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| 3.5 percent increase on 2009 models comes on news of production cuts.
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June 23, 2008 |
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| Dodge Prices the 2009 Challenger
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| Plenty of Mopar maniacs were happy to plunk down hefty sums to own early examples of Dodge's revived muscle car, but customers shopping for a 2009 Challenger may be able to pick one up for around $20,000.
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June 9, 2008 |
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| Falling US sales hit Ford and GM
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| Ford and GM have suffered setbacks in their efforts to turn around their respective businesses after their US sales both fell nearly 20% last month.
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August 1, 2007 |
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| Food Crisis Spurs Calls For More Research
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| World food prices this week were the focus of an Organisation for Economic Co-operation and Development ministerial gathering in Paris and the Conference on World Food Security in Rome.
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June 6, 2008 |
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| Ford Cuts North American Production by 15 Percent
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| Rising commodity prices and a soft market for full-size trucks are prompting the Ford Motor Company to make drastic changes in its North American operations. The company announced today that it's cutting production in the region by a whopping 15 percent for the second quarter of 2008.
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May 22, 2008 |
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| Ford Invests $3 Billion In Mexico
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| Ford's announcement that it will invest $3 billion in Mexico confirms the recent rebound of the country's auto sector. Sharp U.S. economic slowdown may have a significant negative impact in the sector, hitting exports.
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June 10, 2008 |
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| Ford sees rare rise in US sales
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| Motor company Ford has seen its US sales rise for the first time in 12 months.
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December 3, 2007 |
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| Ford to make fewer big vehicles
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| Car giant Ford has said it will cut its production of large trucks and large sports utility vehicles (SUVs) in favour of more fuel efficient models.
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June 20, 2008 |
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| Ford to open new plant in Mexico
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| US giant Ford is to invest $3bn in a new car plant in Mexico, the biggest investment in the country's manufacturing sector.
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May 31, 2008 |
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| Ford Toppled By Toyota
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| International automakers are pressuring domestic ones out of the top selling positions.
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January 4, 2008 |
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| Ford's trouble: $4 gas is here to stay
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| Gas prices are causing consumers to shun pickups and SUVs, leading to losses at the car maker's North American auto unit.
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May 22, 2008 |
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| General Motors workers on strike
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| United Auto Workers (UAW) union members at General Motors (GM) have walked out on strike after contract talks failed to reach an agreement.
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September 24, 2007 |
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| GM and Toyota level on 2007 sales
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| General Motors (GM) has posted global 2007 sales of 9,369,524 vehicles - a near dead heat with Toyota's figures.
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January 23, 2008 |
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| GM axes four SUV and truck plants
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| General Motors is closing four truck and sports utility vehicle (SUV) plants in the US, Canada and Mexico as it looks to environmentally-friendly cars.
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June 3, 2008 |
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| GM bankruptcy not impossible, analyst says
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| Merrill's Murphy: Automaker will need $15 billion to prop up liquidity.
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July 2, 2008 |
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| GM bankruptcy unlikely despite tough times
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| Rapid shift away from profitable pickups, SUVs sends stock to 54-year low.
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July 3, 2008 |
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| GM bucks US car sales slump trend
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| General Motors saw its US sales grow in August, bucking an industry trend of falling demand.
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September 4, 2007 |
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| GM Dips Deeper for Funding with More Budget Cuts
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| Six weeks after announcing a considerable shift in its product strategy, General Motors today revealed a series of cuts and changes aimed to improve its financial standing.
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July 15, 2008 |
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| GM looking at job cuts, sale of brands
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| Automaker trying to deal with contracting market.
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July 7, 2008 |
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| GM moves back ahead of Toyota
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| Strong China sales for GM, drop in U.S. sales for Toyota in third quarter allow U.S. automaker to move back ahead of Japanese rival in race to be global auto leader.
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October 22, 2007 |
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| GM offers buyouts to 74,000
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| Auto giant aims to replace much of U.S. workforce with lower-paid new hires, dangling $140,000 buyouts to UAW members to stem North American losses.
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February 12, 2008 |
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| GM puts brakes on SUV, truck redesigns
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| Automaker is dealing with plummeting sales of large vehicles.
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June 19, 2008 |
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| GM Sales Up, Toyota and Ford Slump in August
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| Toyota and Ford on Tuesday each reported sales declines last month, but General Motors Corp surprised industry analysts by showing an increase.
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September 4, 2007 |
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| GM to cut jobs, suspend dividend
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| Beleaguered automaker also plans asset sales, aiming for $10 billion in 'cash improvements' by 2009. CEO Wagoner says 'difficult decisions' necessary for survival.
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July 15, 2008 |
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| GM US sales beat Toyota in June
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| General Motors suffered a big fall in US sales in June, but its figures were still better-than-expected and as an added bonus it beat Toyota.
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July 1, 2008 |
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| GM-UAW Deal Works for Both Sides
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| The United Auto Workers pact with General Motors makes the best of a bad situation for everyone involved.
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September 27, 2007 |
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| GM: Trucks out, cars in
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| Automaker plans to shut 4 pickup and SUV plants, build more fuel-efficient vehicles, and may dump the Hummer brand.
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June 3, 2008 |
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| GM's stock falls to lowest level since 1954
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| Merrill Lynch analyst says bankruptcy filing is 'not impossible'
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July 2, 2008 |
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| GM, UAW Agree on Deal to End Nationwide Strike
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| The United Auto Workers union and General Motors Corp agreed to a new contract on Wednesday, ending a two-day nationwide strike by 73,000 workers with a groundbreaking deal that includes a health-care trust fund.
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September 26, 2007 |
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| GM, UAW Continue Contract Negotiations
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| Bargainers for General Motors and the United Auto Workers resumed contract negotiations Monday amid optimism that they are getting closer to reaching a critical contract agreement.
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September 17, 2007 |
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| Honda Sales Rise; Ford, Toyota Slip
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| Ford's U.S. sales plummeted 21 percent in September on deep cuts in sales to car rental agencies. Toyota sales slipped 4 percent, but GM and Honda fared better in a tough economic climate.
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October 2, 2007 |
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| Japan's auto sales at 35-year low
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| Automobile sales in Japan fell last year to a 35-year low as a shrinking population and limited wage growth hurt demand, an industry group said.
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January 7, 2008 |
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| Local UAW Leaders Approve GM Contract
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| A historic contract with the UAW expected to save General Motors billions of dollars passed a hurdle on Friday when union local leaders from across the U.S. approved the pact.
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September 28, 2007 |
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| Month of May 2008 Auto Sales Numbers Show Surprises
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| According to Automotive News May U.S. sales data, compact cars such as the Dodge Caliber, Ford Focus, Chevrolet Cobalt, Honda Civic, Nissan Sentra and Hyundai Elantra are all enjoying sales bumps due to the rising cost of energy. But, surprisingly, a few vehicles haven't caught the recent small car sales wave.
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June 11, 2008 |
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| Pricing Announced for 2008 Mitsubishi Lancer Evolution MR
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| Enthusiasts, rejoice - and start saving. Pricing for the new 2008 Mitsubishi Lancer Evolution MR has just been announced, and it'll cost you a decent chunk of change.
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May 22, 2008 |
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| Pricing Announced for 2009 Hyundai Genesis Sedan
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| Although the 2009 Hyundai Genesis is a handsome car in its own right, we're betting the "bang for the buck" quotient will make it even more attractive to luxury car shoppers. Hyundai announced today that its flagship sedan will sticker at an even $33,000, including a $750 destination charge.
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May 28, 2008 |
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| Private Equity Firm Cerberus Gets Keys to Chrysler in $7.4B Deal
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| DaimlerChrysler AG said Friday it had completed the sale of an 80 percent stake in its U.S. unit, Chrysler Group, to private equity firm Cerberus Capital Management.
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August 3, 2007 |
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| Shares of GM drop to lowest level in 30 years
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| Industry observers and investors speculate about automaker's future
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June 26, 2008 |
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| SUVs plunge toward 'endangered' list
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| Jorge Fernandez strolls across the used-car parking lot littered with dozens upon dozens of sport utility vehicles the size of small tugboats.
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May 23, 2008 |
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| Top 30 Hybrid Retailers Stay Focused
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| CE Pro's fifth annual list of specialty retailers with installation operations concentrate on service during the economic slowdown.
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June 16, 2008 |
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| Toyota building $192M green-car battery plant
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| Toyota is building a $192 million plant in Japan to produce batteries for gas-electric hybrid vehicles, as it seeks to keep its lead in an intensifying race for green cars among the world's automakers.
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May 23, 2008 |
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| Toyota could overtake GM in U.S. sales
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| But weak economy to hurt automaker like rest of the industry.
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June 27, 2008 |
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| Toyota could overtake GM in U.S. sales
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| Auto industry bracing for more grim news from automakers.
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July 1, 2008 |
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| Toyota Earnings Jump 32 Percent on Overseas Sales
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| Toyota on track to overtake General Motors as the world's biggest automaker this year, said Friday its April-June profit jumped 32.3 percent to a record high for a quarter, lifted by strong overseas sales and a weaker yen.
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August 3, 2007 |
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| Toyota may miss its U.S. sales target
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| Slow sales of larger vehicles hurt Japanese automaker.
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June 24, 2008 |
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| Toyota overtook GM in first-half world sales
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| Gain means Toyota poised to end GM's 77-year run as top carmaker.
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July 23, 2008 |
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| Toyota Sees Cost Savings over $2.7 Billion Annually
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| Toyota Motor Corp expects to accelerate its cost-cutting efforts next year to save more than $2.7 billion annually, its president said on Tuesday, as the world's biggest carmaker seeks to offset rising commodity and development costs.
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December 11, 2007 |
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| Toyota to start building Prius hybrid in U.S.
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| Japanese automaker also will cut back production of Tundra pickup.
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July 10, 2008 |
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| UAW Agreement May Shut Down 2 GM Plants
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| The tentative contract between General Motors and the United Auto Workers would allow GM to close a plant each in Michigan and Indiana and possibly shut down several other facilities, according to a detailed copy of the agreement.
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October 1, 2007 |
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| UAW members at Chrysler approve four-year contract with voluntary employees' beneficiary association
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| Under the contract, Chrysler will contribute $8.8 billion to a VEBA managed by UAW, a move that would shift retiree health care liabilities from the company to the association.
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October 29, 2007 |
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| UAW Strikes on Missed Deadline With GM
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| United Auto Workers union-represented employees walked off the job and organized pickets outside General Motors plants as the union called a national strike against the top U.S. automaker after marathon contract talks failed to produce a deal.
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September 24, 2007 |
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| UAW, Chrysler Reach Tentative 4-Year Contract
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| The United Auto Workers union said Wednesday it reached a tentative four-year contract agreement with Chrysler LLC after a daylong strike that sent thousands of workers to the picket lines.
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October 10, 2007 |
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| UN food summit stalls over trade
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| The United Nations food summit in Rome is struggling to reach agreement on its final declaration as Argentina objects to a call to reduce trade barriers.
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June 5, 2008 |
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| World's cheapest car goes on show
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| Tata Motors has unveiled the world's cheapest motor car at India's biggest car show in the capital, Delhi.
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January 10, 2008 |
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