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- GM's Saturn Could be Treasure for Foreign Automaker
- General Motors is on the verge of junking its Saturn brand, and that raises the possibility that a foreign automaker, particularly a Chinese or Indian manufacturer, could see Saturn as found treasure that offers easy entry to the U.S. market. Struggling GM intends to sell of spin...
- Blog posts 2009-02-26
Additional Resources
- Ford Seen Narrowing Loss, Focus on Cash Burn
- By David Bailey DETROIT (Reuters) - Ford Motor Co F is expected to post a narrower quarterly loss with support from the U.S. government "cash for clunkers" program, but the focus will be on the outlook for the U.S. economy and auto industry sales. Ford's cash burn rate, and the...
- News items 2009-10-30
- Japanese sales climb in 'clunkers' program
- Washington -- Japanese automakers have gained significant ground on domestic automakers in the U.S. government's $3 billion "cash for clunkers" program. General Motors Co., Ford Motor Co. and Chrysler Group LLC saw a dropoff in sales while those of foreign rivals rose in the latest tally of "cash for clunkers"...
- News items 2009-08-17
- Detroit needs housing recovery for pickup sales
- DETROIT - At Kevin Haner's construction company in Las Vegas, three of the four Dodge Ram pickup trucks are starting to get a little old. He may replace one if he gets a great deal, but he'll keep running the others until he's convinced that the housing slump has ended....
- News items 2009-11-29
- GM to Consider Saab Sale Until Year End
- By David BaileyDETROIT (Reuters UK) - General Motors Co said on Tuesday that it would consider offers for its Saab brand until the end of the month and move to close the Swedish unit then if it appears that it cannot be sold.The announcement from GM came after a meeting...
- News items 2009-12-01
- Can a New Product Strategy Save Chrysler?
- Now that Chrysler is privately owned, executives can focus on the long-term without worrying about reporting quarterly or annual profit-and-loss statements. Some skeptics are questioning, however, whether new CEO Robert Nardelli ("synonymous with corporate excess") has been charged with turning the company around or merely protecting Cerberus' investment. If he's...
- Blog posts 2007-08-23
- GM Signs Deal to Sell Hummer to Tengzhong
- By Kevin Krolicki and Bernie Woodall DETROIT (Reuters) - General Motors Co GM signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the...
- News items 2009-10-09
- Ford Shares Soar After Surprise Profit
- By David Bailey and Soyoung Kim DETROIT (Reuters) - Ford Motor Co F surprised Wall Street with a quarterly profit on Monday and raised its 2011 outlook to "solidly profitable," sending its shares up 5.7 percent in premarket trading. Ford, the only large U.S. automaker to avoid bankruptcy in 2009,...
- News items 2009-11-02
- Glint of hope seen in 2009 outlook for auto industry
- Despite dire auto sales predictions for 2009 -- some analysts are forecasting the worst year in more than two decades -- there are glimmers of hope that the market might begin stabilizing after a tough first half. Automotive analysts expect consumers, who are still wary over the shaky state of...
- News items 2009-08-07
- Chrysler keeping Jeep, other brands, LaSorda says
- Chrysler LLC has no plans to sell Jeep or any of its other brands, Tom LaSorda, the automaker's president, said Wednesday during a conference call with journalists, giving an emphatic defense of the company's long-term viability. "This company is going to be around," he said. "We're not going under." The...
- News items 2009-08-07
- ‘Clunkers' binge may leave a serious hangover
- WASHINGTON - Now comes the hard part for the auto industry — luring customers without big Cash for Clunkers discounts. The popular government rebates gave auto sales a jolt, but it was only temporary. Now car makers and dealerships are forced once again to confront the worst market in a...
- News items 2009-08-24
- GM Opts to Keep Opel, Scraps Sale to Magna
- By Kevin Krolicki and Philipp Halstrick DETROIT/FRANKFURT (Reuters) - The board of General Motors Co GM has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna MGa. GM confirmed the decision made by its 13-member board after...
- News items 2009-11-03
- LOS ANGELES AUTO SHOW: Battling for California
- LOS ANGELES -- General Motors Co. and Ford Motor Co. arrive at today's Los Angeles Auto Show with a lineup of new fuel-efficient vehicles in hopes of impressing Californians, who might determine whether the future models succeed or fail. California -- America's No. 1 new car market -- is also...
- News items 2009-12-03
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