General Motors is preparing to cut thousands more salaried jobs as part of a plan to show the government it can be a viable company, Bloomberg News reported.
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General Motors is preparing to cut thousands more salaried jobs as part of a plan to show the government it can be a viable company, Bloomberg News reported.
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Automotive supplier Fluid Routing Solutions Inc. today filed for Chapter 11 protection in U.S. Bankruptcy Court in Delaware.
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Supplier Contech LLC has arranged $7.2 million in debtor-in-possession financing for its bankruptcy. Contech, which makes die-cast components, was the second major auto supplier to file for protection this year.
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Automakers boosted incentive spending by 12.5 percent in January in an effort to clear out old models, the auto information site Edmunds.com says. The average incentive per U.S. vehicle was $2,714, $301 more than at the start of 2008, Edmunds says.
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Some well known names in auto retailing have surfaced on a newly published list of victims of alleged New York swindler Bernie Madoff. Among them, according to documents filed in the U.S.
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North America car and truck production plunged in January by 61.5 percent or 719,675 units from the same month last year -- the lowest production on the continent in 18 years, according to the Automotive News Data Center.
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North American car and truck production plunged 62.2 percent last month compared with January 2008 to the lowest monthly total in 18 years. Only 442,241 vehicles were built last month, compared with 1,170,816 in January 2008.
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Ford Motor Co. slashed the number of production suppliers eligible for future work by 26 percent -- or 419 companies -- to 1,600 in 2008. But Ford purchasing chief Tony Brown said today that he has more than halfway to go to get to his goal of 750.
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Fewer trade-ins caused by falling new vehicle sales helped bolster wholesale used-vehicle prices in January, according to Manheim's Used Vehicle Value Index. Manheim's index stood at 101.7 in January. That was up from 98.
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The Ford Ranger pickup will roll into the 2010 model year this summer equipped with the automaker's stability-control system that includes a rollover sensor.
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The redesigned 2010 Lexus RX 350 gets a sticker price of $37,625 for the front-drive model, and $39,025 for the all-wheel-drive model. The new RX goes on sale later this month.
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It will take just a bit more than $38,000 to get into Audi's 2009 Q5 all-wheel-drive crossover.
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Lexus has priced the redesigned RX 350 crossover at $37,625 for the front-wheel-drive model and $39,025 for the all-wheel-drive version. Prices include $825 for shipping. The 2010 RX 350 goes on sale this month. Horsepower on the 3.
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Audi's first entry in the premium crossover segment will be priced higher than most of its competitors, including its main rival, the Lexus RX 350. The Audi Q5 will go on sale in March with a base price of $38,025, including shipping.
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If the 26-year-low sales rate in January seemed ugly, think again: Adjusting last month's demand level for population makes the picture even worse. The U.S. light-vehicle annual sales rate dipped to 9.
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If the 26-year-low sales rate in January seemed ugly, think again: Adjusting last month's demand level for population makes the picture even worse. The U.S. light-vehicle annual sales rate dipped to 9.
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The Chevrolet Camaro has nabbed a starring role in the next Transformers movie, and the silver-screen version will be revealed at the Chicago auto show next week.
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Alpina has been tinkering with BMW vehicles for close to 50 years and has a rich motorsports history that includes campaigns in European touring car, hill climbing, rally and endurance racing that it stepped away from 20 years ago.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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