LeaseTrader.com, the nationwide online marketplace for car lease transfers, believes the much talked about merger between General Motors Corp. and Chrysler LLC majority owner Cerberus Capital Management LP could be a positive for the automotive market as long as they are committed to reinventing their entire operational philosophy. Sergio...
TORONTO, Oct. 23 /PRNewswire/ -- The CAW is calling on the federal government to provide loan guarantees to Canadian industry, similar to what Finance Minister Jim Flaherty has offered to banks to support inter-bank lending. CAW President Ken Lewenza said that at a time when the country's industrial...
Researched by Industrial Info Resources (Sugar Land, Texas) -- The final 10 weeks of 2008 will go a long way in deciding the near-term future of automotive giant General Motors Corporation (NYSE:GM) (Detroit, Michigan). After decades of mismanagement and poor decision making, the automaker has lost more than $57 billion...
U.S. District Court, Maryland Civil Procedure Conflict of laws BOTTOM LINE: District court granted psychiatrist's motion to dismiss malpractice suit where Maryland law applied and patient failed to file a required claim with that state's Health Care Alternative Dispute Resolution Office. CASE:...
DETROIT -- Chrysler is looking at selling its Dodge Viper business after some third parties approached the company looking to take on the low-volume, high-performance sports car brand. A sale of the Viper would allow Chrysler to focus more on its key products and less on...
CHRYSLER have confirmed that it has held talks with the Fiat group about the possibility of using Chrysler plants to build Fiat cars in the US. Fiats have not been sold in the US since 1981, while the Alfa Romeo division dropped out in 1995, but the company plans to...
motor matters Chrysler Ecovoyager: The ecoVoyager is an electric car concept with a fuel cell range extender. Chrysler's mission to be more environmentally responsible is significantly changing its design visions. As the entire automotive industry has basically the same technology pool from which to draw, the design challenge...
DETROIT AFP — Chrysler LLC announced several management changes Monday as it vies to beat back a sales decline tied to gasoline-guzzling trucks and sport utility vehicles SUVs. The automaker, which is controlled by the private equity firm Cerberus Capital Management LP, announced the promotion of two female executives...
WASHINGTON AFP — Chrysler LLC on Friday reported a 29-percent decline in US sales in July from a year ago to 98,109 units as consumers shied away from gasoline-guzzling light trucks and sport utility vehicles. "We are writing a new chapter in the auto industry story as customers, dealers...
Chrysler’s “Let’s Refuel America” sales incentive sounds like a gas giveaway that puts the car maker on the hook for skyrocketing gas prices—but look again. Chrysler is betting that by guaranteeing gas for $2.99 a gallon, it’ll sell more vehicles and avoid point-of-sale discounts, but this sales strategy is...
NEW YORK -- The recent announcements by the financing arms of Chrysler, GM and Ford regarding the discontinuation or overhaul of their auto lease programs underscores the impact of rapidly declining vehicle resale values, according to Fitch Ratings. Earlier this week Chrysler Financial, GMAC and Ford Motor Credit announced...
Chrysler, the heavily indebted carmaker owned by the private equity giant Cerberus Capital Management, is pulling out of the vehicle-leasing business, in the latest sign of stress for the US auto industry. Its Chrysler Finance arm, which leases rather than sells new cars to customers, is in the...
NEW YORK AFP — The Abu Dhabi Investment Council has bought the landmark Chrysler Building in New York for 800 millon dollars, sources close to the deal said Wednesday. The Abu Dhabi Investment Council, an investment arm of the Gulf emirate, was reported last month by the Wall Street...
NEW YORK AFP — The cash-rich Abu Dhabi Investment Council has bought one of New York's best-known skyscrapers, the Chrysler Building, for a heady 800 million dollars, sources close to the deal said Wednesday. Despite a sharp downturn in the US housing market in recent years, bidding for landmark...
By Stephen Foleyin New York Panicking investors are dumping shares in America's biggest car manufacturers, amid suggestions that collapsing sales could push them to the brink of bankruptcy. General Motors, the world's biggest car maker and producer of American icons such as the Chevrolet, the Cadillac...
NEW YORK AFP — New York's Chrysler Building, a skyscraper icon, is being targeted for purchase by an oil-rich Middle East sovereign wealth fund, US media reported Thursday. The Abu Dhabi Investment Council, an investment arm of the Gulf emirate, is in talks with a subsidiary of Prudential Financial...
Researched by Industrial Info Resources (Sugar Land, Texas) -- What began with a roar ended with essentially a whimper at the end of May. The three-month strike by 3,600 workers at American Axle & Manufacturing Incorporated (NYSE:AXL) (Detroit, Michigan) ended in late May with union members accepting a new contract...
DETROIT, Michigan AFP — The Big Three US automakers have nearly erased a once gaping productivity gap with their Asian rivals, the author of a key report on factory efficiency said Thursday. Consultant Ron Harbour said General Motors, Ford and Chrysler would probably have been forced out of business...
[ILLUSTRATIONS OMITTED] A FRIGID RESIDENTIAL HOUSING MARKET combined with cooling consumer confidence and already bleak new vehicle sales from domestic automakers have created a harsh business climate that's left many black auto dealers out in the cold. Sales for the U.S. automakers were downright chilly: General Motors' volume fell...
In motion The Aerospace Industries Association reports that the aerospace trade balance skyrocketed to unprecedented levels - $60.4 billion - in 2007. Exports soared to $97 billion last year, compared to $85 billion in 2006. Imports increased to $36.5 billion, up from $30.5 billion in 2006 ... Eaton Corp. has...
