Blog Profile / Auto Industry Tracker -

Filed Under:Vehicles / Automotive Industry News
Posts on Regator:217
This blog is retired.
Archived Since:December 12, 2008

Blog Post Archive

Western European Auto Sales fall 7.2% in March

Auto sales in western Europe fell a relatively modest 7.2% in March to 1.44 million vehicles, J.D. Power & Associates reports. This comes less than a week after news that U.S. auto sales dropped 37% in the same month. ...

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 [...]

A Family-Friendly Delivery Van

Ford unveiled a kid-friendly concept version of its Transit Connect commercial hauler. ...

Chrysler Financial Warns of Scam

Chrysler Financial warned consumers about a lottery scam circulating around the U.S. in which consumers are receiving fraudulent letters and counterfeit checks purporting to be from the auto-finance company. ...

GM’s Pontiac G3: Headed for a Short Ride?

Although GM is planning on turning Pontiac into a niche brand with one or two cars, it just launched a new model. Not surprisingly, sales of the Pontiac G3 are off to a slow start. ...

Scrapping The Old Could Help Auto Makers Sell 1 Million New

Ford and GM Say Any Incentive To Trash Older Cars Will Help Generate As Much As 1 Million New Car And Truck Sales ...

Have U.S. Auto Sales Bottomed Out?

Executives at General Motors suggested on Wednesday that U.S. industry sales had bottomed despite a year-on-year decline of more than 40% in March. ...

Chrysler Financial Cuts 80 Jobs

Chrysler Financial, the lending arm affiliated with car maker Chrysler LLC, is eliminating 80 jobs in a move aimed at streamlining its work force by 2%, the company said Tuesday. ...

Dealers Relieved Government’s Role Is Now Clear

Auto dealers remain concerned about the future of General Motors and Chrysler, although they are relieved that the Obama administration has at least made clear what role the government will play. ...

Canadian Auto Workers Willing to Bargain With Chrysler

Canadian Auto Workers President Ken Lewenza said his union is willing to continue bargaining with Chrysler Canada to reach a new contract. ...

Cerberus’s Equity in Chrysler’s Auto Company to Be Eliminated

Cerberus Capital Management will lose its equity stake in Chrysler LLC?s struggling automotive company as a condition of the Treasury Department?s bailout deal with the U.S. auto maker, according to several people familiar with the matter.

Fiat’s Chrysler Stake to Start at 20% Under Revised Terms

Under the revised terms of a proposed alliance between Chrysler LLC and Fiat SpA, the Italian company would take an initial 20% stake in the U.S. auto maker, down from a 35% stake under its January pact, according to a person familiar with the transaction.

Car-Maker Bankruptcy Option Leads White House Plans

The Obama administration?s leading plan to fix General Motors Corp. and Chrysler LLC would use bankruptcy filings to purge the ailing companies of their biggest problems, including bondholder debt and retiree health-care costs, according to people familiar with the matter. The move would in essence split both companies into their ?good? [...]

GM’s Henderson: Accelerate Restructuring Quickly, or Else

New General Motors Corp. Chief Executive Frederick ?Fritz? Henderson told employees and dealers on Monday that the company will end up in bankruptcy court if it does not significantly accelerate its restructuring efforts in the next 60 days, according to a dealer who watched a broadcast of a meeting with [...]

GM’s Henderson: ‘Significant Challenges,’ ‘Tight Timeline’

Here is the text of a statement released by GM in the wake of the White House's release of its auto-industry restructuring plan. ...

Wary GM Dealers to Discuss Obama Auto Plan Later Monday

National dealers for General Motors plan a conference call later Monday amid disappointment and wariness at the tough conditions laid down by the U.S. government's auto task force. ...

Michigan Governor Calls Wagoner ‘Sacrificial Lamb’

The governor of Michigan says Rick Wagoner, the General Motors chairman and CEO forced out of his job in the Obama administration's final effort to revive the ailing U.S. auto industry, is a "sacrificial lamb." ...

Statement by GM’s Wagoner Following Ouster

The following is a statement issued Monday by General Motors Corp. in the name of the company's newly departed chief executive ...

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