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Nov
3rd

UAW hopes for GM IPO ‘sooner rather than later’

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UAW President Ron Gettelfinger said today the union would like to see an initial public offering by General Motors Co. Full story...
Nov
3rd

Saturn launches marketing campaign, spiffs to clear inventory

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General Motors Co. is launching a new marketing campaign and incentives to push out its remaining Saturn inventory, which means the brand could be wound down within three months, a GM executive said today. Full story...
Nov
3rd

Saturn launches marketing campaign, incentives to clear inventory

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General Motors Co. is launching a new marketing campaign and incentives to push out its remaining Saturn inventory, which means the brand could be wound down within three months, a GM executive said today. Full story...
Nov
3rd

GM offers big incentives to move Saturns

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In an effort to clear out the remaining Saturn inventory, General Motors Co. today began an incentive program that runs through the end of the month. Consumers can get either $4,000 off of any 2008 or 2009 Saturn or 0 percent financing for 72 months. Full story...
Nov
3rd

US: Ford to raise another $3bn

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Ford plans to raise another US$3bn through a stock sale and convertible debt offering as it looks to trim its massive debt burden. Full story...
Nov
3rd

U.S. sales, aided by GM, show some real spark

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U.S. light-vehicle sales -- bolstered by General Motor Co.'s first gain in 21 months -- declined less than 1 percent in October as the industry showed signs of a recovery without the aid of government incentives. Full story...
Nov
3rd

U.S. sales, aided by GM, finally show some real spark

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U.S. light-vehicle sales -- bolstered by General Motor Co.'s first gain in 21 months -- declined less than 1 percent in October as the industry showed signs of a recovery without the aid of government incentives. Full story...
Nov
3rd

GM posts 5% gain; Ford, Kia rise as industry shows spark

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General Motor Co.'s U.S. sales rose for the first time in 21 months in October and most big automakers also gained, supporting analysts' forecasts for the strongest month this year not aided by government incentives. Full story...
Nov
3rd

Ford posts 3% gain, Subaru soars 41% as industry shows spark

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Ford Motor Co.'s U.S. light-vehicle sales rose 3 percent in October and Chrysler Group's plunged 30 percent following analysts' forecasts of the strongest month this year not aided by government incentives. Full story...
Nov
3rd

Dura eyes suppliers, sees consolidation

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Dura Automotive Systems Inc. is looking at acquiring the assets of an Asian and a European auto parts supplier and will consider more opportunities as supplier valuations become cheaper, its CEO told Reuters today. Full story...
Nov
3rd

SOUTH AFRICA: October sales “encouraging improvement”

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The National Association of Automobile Manufacturers of South Africa (NAAMSA) said domestic new car sales, supported by seasonally strong sales to the rental industry, had shown encouraging improvement though new commercial vehicle sales in all segments had continued to reflect weakness. Full story...
Nov
3rd

GERMANY: October sales up 24%

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New car registrations in Germany in October rose 24% year on year to 321,000 vehicles, the Association of International Motor Vehicles Manufacturers, or VDIK, said on Tuesday. Full story...
Nov
3rd

FRANCE: PSA sticking with Faurecia

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PSA Peugeot Citroen has no plans to pull out of parts affiliate Faurecia despite seeing its controlling stake diluted as part of a US acquisition, the head of Faurecia said on Tuesday. Full story...
Nov
3rd

First Drive: 2010 Honda Accord Crosstour

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First Drive: 2010 Honda Accord Crosstour
2010 Honda Accord Crosstour - Honda Crossover SUV Review - Automobile Magazine
Honda's flagship crossover.

Room for one more
Honda seems to have the crossover market pretty well covered with the compact CR-V and the eight-seat Pilot, yet the company sees room for one more. The Honda Accord Crosstour looks to slot in between the two in terms of functionality, yet will stand at the top from a pricing perspective. By packaging, pricing, and marketing this vehicle on the high-end of the five-passenger crossover segment, Honda is targeting both empty nesters and young couples moving from either a smaller or larger vehicle into this growing segment. Competitors for the Crosstour include the Ford Edge, Nissan Murano, and Toyota Venza.


Photo Gallery: 2010 Honda Accord Crosstour - Honda Crossover SUV Review - Automobile Magazine

Photo Gallery: 2010 Honda Accord Crosstour - Honda Crossover SUV Review - Automobile Magazine


Full story...
Nov
3rd

Red Flags Rule delayed for 4th time

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The Federal Trade Commission has again postponed enforcement of the Red Flags Rule -- a regulation designed to protect consumers from identity theft. Enforcement has been delayed a fourth time -- until June 1, 2010. Full story...
Nov
3rd

US: Toyota considers “controversial” Prius brand expansion

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Toyota Motor Sales USA general manager Bob Carter has said a proposal to expand the Prius nameplate into a marketing sub-brand for a broad family of low-emission, high-mileage hybrid vehicles was controversial within the company and that a final decision was over a year away. Full story...
Nov
3rd

US: BMW chief sees slower recovery

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BMW expects a slower recovery in 2010 US car sales than anticipated just a few months ago with consumer debt remaining a drag on the developing rebound, the automaker's president for North America has said. Full story...
Nov
3rd

US: Dana improves margins

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Dana Holding on Tuesday said third quarter earnings before interest, taxes, depreciation, amortisation, and restructuring (EBITDA) was US$101m, up $7m from the previous quarter. Full story...
Nov
3rd

US: Chrysler given less than 50% chance of survival

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A former top Chrysler executive has said the automaker, now merged with Fiat, has less than a 50% chance of long-term survival. Full story...
Nov
3rd

Hinrichs will head Fordand#8217;s Asia, Africa operations

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Joe Hinrichs, Ford Motor Co.and#8217;s manufacturing and labor relations chief and one of the companyand#8217;s fastest-rising executives, will run Fordand#8217;s Asia and Africa regions starting Dec. 1. Full story...
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