The General Motors of 2012 will have fewer brands and nameplates, thousands fewer dealers and employees, and much less debt on its balance sheet, under a restructuring plan GM gave Congress today.
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Designers are known to carp about their ideas being blunted when cars go from concept to reality. For Fisker Automotive's first production car, the plug-in hybrid Karma, that wasn't a problem.
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Three of Toyota Motor Corp.'s largest seat suppliers are dissolving or restructuring their U.S.-Japanese joint ventures to fulfill Toyota's desire for more competition among North American suppliers. Toyota Boshoku America Inc.
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Optimistic suggestions US light vehicle sales might have bottomed out after October's 34.5% plunge were dispelled last night after November's data was in - a 36.7% dip to just 744,037 units versus 1,175,381 a year ago.
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Ford's US sales last month fell 30.6% year on year to 123,222 units, the company reported on Tuesday night. Year to date sales were off 19.7% to 1,849,309 units. Toyota said its sales were down 34% and VW was off 19.2%.
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Designers are known to carp about their ideas being blunted when cars go from concept to reality. For Fisker Automotive's first production car, the plug-in hybrid Karma, that wasn't a problem.
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General Motors and Ford Motor Co. today said they will slash first-quarter North American vehicle production.
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Ford is slashing its first-quarter North American vehicle production by 37.9 percent. The cut of 262,000 units is a reaction to the sharp downturn in sales, a Ford spokeswoman said today.
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Sweden's government has ruled out taking over Volvo Cars if Ford decides to sell it but the opposition and unions want politicians to step in and save the country's auto industry.
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Aston Martin could soon axe up to 600 jobs at its luxury sports car plant at Gaydon in central England.
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RS offers sub-six-second 0-60mph time, while GT24 is set to inspire new hot Scirocco.
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Ford, General Motors, Toyota and Honda reported U.S. sales drops of more than 30 percent in November as a staggering U.S. economy dragged industrywide demand to the lowest level in 26 years. Every automaker posted a decline as sales fell 36.
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Ford, General Motors, Toyota and Honda reported U.S. sales drops of more than 30 percent in November as a staggering U.S. economy again dragged industrywide demand to 25-year lows. Ford Motor declined for a 12th consecutive month.
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Ford Motor Co. and Toyota Motor Corp. said U.S. sales plunged more than 30 percent in November as an economy now officially in recession was projected to drag industrywide demand to a second consecutive 25-year low.
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Chrysler president Jim Press has said his company needs an emergency bridge loan from Congress if it is to survive and execute a plan that will help it compete.
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Teaser shot provides glimpse of next S60’s sleek shape, while the stylish feel continues inside.
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Chrysler LLC needs an emergency bridge loan from Congress if it is to survive and execute a plan that will help it compete, the automaker's president said today.
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General Motors plans to stop using its four Detroit-based corporate jets.
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