Blog Profile / Auto Industry Tracker -

Filed Under:Vehicles / Automotive Industry News
Posts on Regator:19
This blog is retired.
Archived Since:December 12, 2008

Blog Post Archive

Slideshow: New Models at Frankfurt Show

Auto makers showed off future and current models in a bid to kick start sales amid a slowly improving global economy. Many were looking years down the road by unveiling their latest electric models that are designed to go faster and farther. Click inside to see the images.

GM’s Statement on Opel/Vauxhall

General Motors confirmed that it will sell a 55% stake in German unit Adam Opel and its U.K. sister company Vauxhall to Canadian car-parts maker Magna International and Russian bank OAO Sberbank. Read the text of the GM announcement...

GM Has High Hopes for Asia After Bankruptcy Exit

Following GM's exit from bankruptcy protection on Friday, the outlook for getting new financing and moving forward expansion in Asia has improved, Executive Vice President of GM International Operations Nick Reilly said.

Indiana Funds, Chrysler File Appeals Briefs Over Sale

A group of Indiana pension funds said Thursday that the sale of the bulk of Chrysler LLC's assets should be blocked because the U.S. government has overstepped its authority in helping orchestrate the deal.

GM to Keep Five Members on Current Board

GM Chairman Kent Kresa said Monday he will keep five current members of the board of directors, and said that the Obama administration has final say on who will fill out the new board.

Ferrari Web Site Spins Out

Ferrari’s Web site crashed this morning after fans rushed to download newly released pictures of its latest model: the 458 Italia. While says it’s taking a pit stop, the photos are inside.

Ferrari, Maserati Defy Recession With New Models

Luxury sports car maker Ferrari unveiled the 458 Italia at the Frankfurt Motor Show on Tuesday, its latest model for drivers rich enough to avoid having the recession curb their spending habits.

GM Bailing Out of Its Corporate Jets – Yes, Those Jets

As part of its bankruptcy restructuring, GM is looking to get rid of seven corporate jets -- including the one that sparked heavy criticism from Congress.

Fiat Chairman: Too Early to Show New Chrysler Models

Fiat's chairman said Tuesday he didn't know when Chrysler would have a new model to show at a European motor show. "For the moment it's too early to say," Luca Cordero di Montezemolo told reporters while inspecting the Fiat stands at the Frankfurt auto show.

VW Looks to Get Even Bigger

Ferdinand Piech, Volkswagen AG's powerful supervisory board chairman and former chief executive, said Monday that Europe's largest auto maker by sales might pursue adding another two brands to its line-up after the takeover of Porsche Automobil Holding SE's core sports-car operations is completed.

Obama to Detail New Car Fuel Standards Tuesday, Reports Say

New U.S. fuel-efficiency standards for automobiles are to be announced Tuesday by President Barack Obama, various news Web sites reported Monday. ...

Goldman Boosts ‘09 Auto Sales Forecast

Even with Chrysler and GM facing the prospect of bankruptcy -- or worse liquidation -- Goldman Sachs sees the glass half full for the auto sector. Goldman analyst Patrick Archambault has increased his forecast for 2009 new-vehicle sales 11 million from 10 million.

Nardelli’s Letter to Employees on Chrysler Restructuring

Chrysler will likely get a new chief executive and board of directors appointed by Italy?s Fiat SpA and the U.S. government, if Chrysler and Fiat follow through on their plans to form an alliance, Chrysler?s current CEO told employees in a letter. Here is the text of CEO Bob Nardelli's [...]

$50 Gift Cards for Test Drives at Auto Show

General Motors and Ford will offer $50 gift cards to lure auto show visitors to test drive a vehicle as the auto makers continue offering creative incentives to combat slumping showroom traffic. ...

Chrysler Debt: Even the Kitchen Sink…Literally

Chrysler mortgaged most of its property to raise $10 billion. What did it pledge? Public records how it put up just about everything: ?all screens, awnings, shades, blinds, curtains, draperies, carpets, rugs, storm doors and windows, furniture and furnishings, heating, electrical and mechanical equipment, lighting, switchboards, plumbing, ventilating, air conditioning [...]

Nardelli Say Chrysler Plans 24 New Products in Next Four Years

CEO Robert Nardelli says Chrysler is still investing in research and development and plan 24 new models in the next 48 months. ...

Study Shows Gen Y Buyers Prefer Import Brands

A study released this week showed car buyers from Generation Y preferred Japanese and European brands compared with Baby Boomers. ...

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