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Feb
18th

GM disbands unit that creates high-performance vehicles

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General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles. Full story...
Feb
18th

GMAC: Headquarters will stay in Detroit

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Despite published reports, GMAC Financial Services has no plans to move its headquarters from Detroit, a GMAC spokeswoman said today. Full story...
Feb
18th

Sources: UAW to give up COLA and bonuses

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More details emerged today on the UAW concessions made to the Detroit 3 in advance of yesterday's viability plan filings by General Motors and Chrysler LLC. Full story...
Feb
18th

Dealers: Aid pleas were justified given reeling economy

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General Motors and Chrysler LLC made reasonable requests for additional federal aid, dealers say, considering the macroeconomic conditions plaguing the auto industry. Full story...
Feb
18th

Dealers: Aid pleas were justified given staggering economy

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General Motors and Chrysler LLC made reasonable requests for additional federal aid, dealers say, considering the macroeconomic conditions plaguing the auto industry. Full story...
Feb
18th

Ford Mustang GT coupe keeps roaring on: a Short Stint review:

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OUR TAKE: With all of the buzz surrounding the Dodge Challenger and soon-to-launch Chevrolet Camaro, it's easy to forget just how good the Mustang is, particularly in GT guise. Full story...

Check out AmericanMuscle.com and their large selection of Mustang Stripes.
Feb
18th

Koichi Suzuki meets with GMAC, seeking consumer loans

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A top American Suzuki Motor Corp. executive is trying to persuade GMAC Financial Services to provide more consumer and wholesale loans to sales-starved dealers. "Everything is on the table," says Suzuki spokesman Jeff Holland. Full story...
Feb
18th

Chrysler reveals names of next Alfa Romeo cars:

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Alfa Romeo's next two cars will be called the Milano and Giulia. Full story...
Feb
18th

Ford combines service, sales field units

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Beginning March 1, Ford Motor Co. will merge the field organization of its parts and service unit with that of its sales and marketing unit. Ford will cut about 50 employees in its field offices, said Ken Czubay, Ford vice president of U.S. Full story...
Feb
18th

Ford says most dealerships are too small for field reps

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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores that it will contact by telephone. Full story...
Feb
18th

Ford moves 540 dealerships to lower-volume class

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With 2008's dramatic fall in industry sales, Ford Motor Co. now is classifying nearly 60 percent of its U.S. dealerships as lower-volume stores that it will contact by telephone. Full story...
Feb
18th

GM, Chrysler give a peek into product future:

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Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government. Full story...
Feb
18th

Mich. lawmakers: Bailouts cheaper than bankruptcy

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Two key Michigan lawmakers said today that the additional $21.6 billion in loans requested by General Motors and Chrysler LLC was prompted by deteriorating car sales and is still far less than the cost of bankruptcies. John Dingell, D-Mich. Full story...
Feb
18th

Mich. lawmakers: bailouts cheaper than bankruptcy

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Two key lawmakers from Michigan said today that the additional $21.6 billion in loans requested by General Motors and Chrysler LLC was prompted by deteriorating car sales and is still far less than the cost of bankruptcies. Full story...
Feb
18th

Bill Taylor, CEO of Mercedes’ Ala. plant, retires

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Bill Taylor, CEO of Mercedes-Benz' Alabama factory for most of its 12-year history, will retire June 30, the company said today. Replacing Taylor, 59, will be Ola Kaellenius, managing director of Mercedes-Benz High Performance Engines. Full story...
Feb
18th

FRANCE: Peugeot 206 lives on as 206+

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Peugeot is launching the 206+, the descendant of almost 6.5m 206s produced since 1998. Full story...
Feb
18th

JAPAN: Nissan may allow second jobs

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Nissan Motor is considering allowing permanent staff at factories where operations have been temporarily suspended to take side jobs to supplement their income, a senior company official said on Wednesday. Full story...
Feb
18th

SOUTH KOREA: Hyundai-Kia restructuring overseas sales

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The Hyundai-Kia Automotive Group is preparing to restructure its overseas sales network. Full story...
Feb
18th

JAPAN: Toyota to boost May production

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Toyota Motor will boost domestic production in May after deep cuts in recent months to reduce a stockpile of cars left by the global economic crisis, an official said on Wednesday. Full story...
Feb
18th

RUSSIA: Automakers want 30bn roubles state guarantees

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Russian car manufacturers, faced with slumping demand and big debts, have asked for state guarantees totalling nearly 30bn roubles (US$863m), the Vedomosti business daily reported on Wednesday. Full story...
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