With sales plummeting, and parent General Motors distracted by its home-market woes, Saab's best future is as a spun-off organization, dealers and company insiders said.
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With its survival at stake, the auto show that takes place here in April will adopt a brave new format.
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If there is one automotive technology for which Dutchman Hub van Doorne became world famous, it is the continuously variable transmission.
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Maria-Elisabeth Schaeffler's success in winning control of Continental's supervisory board leaves her with an even tougher challenge: Can the new entity get out from under its mountain of debt?
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With Renault facing projected operating losses, Chief Financial Officer Thierry Moulonguet has relinquished managerial oversight of the 22-market Americas region to concentrate on the carmaker's financial problems.
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Support is growing for a Europe-wide scrappage incentive to boost new-car sales during the economic crisis. Executives at Ford of Europe and PSA/Peugeot-Citroen said they want an expansion of the successful plans launched in Germany and France.
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Car production in Europe this year will fall to levels not seen since the early 1990s -- with disastrous effects for suppliers.
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The accelerating cash burn by Europe's automakers in 2009 could drive them deep into debt and put their income statements into the red. In 2007, the European auto industry held a 30 billion net cash position.
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Volvo posted a $1.47 billion pre-tax loss (1.15 billion) for 2008 last week, further complicating Ford Motor's attempts to sell the Swedish brand. In the fourth quarter, Volvo's loss was $736 million as revenue skidded from $5.1 billion to $3.
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Citroen will unveil this week a global re-branding initiative that introduces a new, "near-premium" product line and calls for wide-ranging changes across its 3,300-dealer global network.
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Hyundai aims to pull out of its sales slump with a first-quarter marketing assault that makes use of several glitzy TV extravaganzas.
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Louis Harrelson's six-store dealership group used the slogan "Everybody rides."
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As hard times settle in, many vehicle manufacturers are backing off costly demands that they usually place on dealers. Chrysler, for example, is again trimming the required size of stores. BMW is relaxing training requirements.
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Chrysler LLC CEO Bob Nardelli says the $3 billion in second-stage federal loan money the company seeks would be used in North American operations even if a proposed Chrysler-Fiat alliance goes forward.
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Automakers and dealers are pushing federal legislation that would pay motorists to trade in old gas-guzzling cars and trucks for more fuel-efficient new vehicles.
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Automakers and their allies are gearing up for an intensive lobbying campaign to convince Washington that national standards for greenhouse gas emissions are better than state-by-state rules.
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Talk about pressure. Just a couple of weeks before General Motors has to submit a detailed plan proving viability, GM executives have no idea what to do with their losing brands.
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So why did Chrysler Financial Services pull the plug on embattled Minnesota megadealer Denny Hecker last fall, forcing Hecker to close six of his 16 dealerships and sell three others? Now it can be told.
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U.S. car dealers are slashing their work forces, laying off service writers, secretaries, sales personnel, you name it, in a gritty effort to cope with crashing profits.
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Suppliers to the 2009 Ford Flex include Burgess-Norton, Methode Electronics, Toyoda Gosei, Autoliv, Emhart Teknologies, IAC, Omron, Continental Structural Plastics, Stabilus, Empire Electronics, Valor Manufacturing, Dana, Dura, Midway Products, ABC,...
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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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