You'd think by now the message would be clear: Ed Whitacre Jr. is not going to stop making changes. Once again, he shook up the management at the automaker. And once again, people are asking why Whitacre keeps moving executives around—and whether or not he knows what he's doing.
There has long been a belief in the auto industry that as pick-up truck sales go, so goes the broader economy. After all, as business and spending picks up, the folks who drive pickups (contractors, builders, small business operators) are likely to buys a new work truck. And for the most part, the historical evidence points to truck sales and housing starts trending up or down together.
South Korean SUV maker Ssangyong Motor, said on Friday it had shortlisted six out of seven firms submitting letters of intent to buy the troubled carmaker, under court-led restructuring since early 2009.
It's no secret that the major auto companies knocked it out of the park with their May sales. But dig a little deeper into the numbers, and you can find some even better signs of strength for certain areas of the economy.
As brand deaths go, the demise of Mercury is being met with a collective shrug of the shoulders. Aside from the 276 Lincoln/Mercury dealers who are losing half their sales, few others will care that Mercury is leaving the Ford orbit.
First it was shoes, now it’s…
A year ago, who would have thought GM would be where it is today? A year ago, as then GM CEO Fritz Henderson walked into bankruptcy court, who thought GM would be profitable, and still #1 in the U.S. in the middle of 2010? A year ago, who figured the people guiding GM would be a former analyst on Wall Street and the former CFO of Microsoft?
Remember when Ford CEO Alan Mulally took the top job at America's number two automaker in 2006? Four years later, Mulally is delivering better results than many ever expected, and he's transformed Ford into a company that looks (and runs) a lot like Toyota in the late 90's.
Ford's Explorer brand is getting a second life in 2011 as a more fuel-efficient crossover.
Greek officials said a horde of frogs forced the closure of a key northern highway for two hours Wednesday.
CNBC has learned Ford executives are working on a plan to phase out the Mercury brand. There is no time line for how quickly the brand will be eliminated, but the Ford Board of Directors could make a decision by July. A Ford spokesperson says Ford has made no plans to change the Mercury line but the company is always evaluating its brands.
China's BYD and Germany's Daimler are creating a 50-50 "research and technology" joint venture to "develop" electric cars in China. Warren Buffett's Berkshire Hathaway owns a 10 percent stake in BYD and Buffett has personally promoted the company.
Today in Washington, a group of lawmakers will roll out their plan to get the Department of Energy to spend billions of dollars nurturing the electric vehicle market.
Today in Smyrna, Tennessee, Nissan CEO Carlos Ghosn will be on hand for the start of production for the battery packs that will power the Leaf.
Ask Ford President of the Americas Mark Fields if he expects strong sales in the month of May, and you get an interesting response. Yes, he expects double-digit industry growth and Ford should have a relatively strong month, but his interest has already shifted to June.
It's not every day one of the Big 3 decides to take work it contracted to a foreign supplier and bring it in house back in Detroit.
As Chrysler CEO Sergio Marchionne unveiled the new Jeep Grand Cherokee he flashed a smile that said just how far the troubled automaker has come in the last year.
At first glance, it looks like a win/win situation. The partnership of Tesla and Toyota should, on paper, help both companies.
Quick. What’s more fun to invest in than bullions of gold or a fistful of stocks? Classic cars, of course.
Once again, Toyota executives are on Capitol Hill getting grilled about unintended acceleration. Once again, the hearing will end without an understanding of what's behind complaints of Toyota's racing suddenly speeding up. Once again, I can hear supporters and critics saying these hearings are a joke. Both are right.