STERLING HEIGHTS, Michigan March 14- Fiat Chrysler Automobiles should see a better first quarter than the automaker had last year, its chief executive Sergio Marchionne said on Friday.» Read More
BMW, the world's largest premium carmaker, reported third-quarter pretax profit that fell far short of market expectations amid a strong euro and higher raw material costs, sending its shares sharply lower.
Ford Motor agreed to keep three U.S. plants open and pour significant new investment into its other manufacturing facilities as part of a tentative contract with the United Auto Workers, union officials briefed on the deal said on Monday.
With this being the start of "Green Week" here on the networks of NBC, it's only natural the guy who covers the one industry responsible for a good chunk of the world's pollution, look at the great hope for reducing emissions in automobiles: Hydrogen.
Shortly after I blogged yesterday about Chrysler cutting four slow-selling models (Pacifica, Crossfire, convertible PT Cruiser, and Dodge Magnum) as part of its effort to stem losses, I heard from people saddened to see these models go. Earl wrote, "Too bad about the Magnum. I have one and it is a great car. Much better than my old Five Series BMW! I would buy another in a second."
Ford's U.S. sales fell 9.3 percent in October, leaving it slightly behind rival Toyota, which reported a 4.5 percent sales increase for last month.
As expected, Chrysler is wasting little time in downsizing both its work force and struggling line-up of vehicles. Today, the automaker announced it will cut another 8,500 to 10,000 jobs, including 1,000 white collar employees. This round of downsizing is on top of the 13,000 job cuts announced earlier this year as part of the plan to get Chrysler back in the black.
In the entertainment industry, the idea of being green is very, very cool. You can't go two feet without seeing a Prius--they're even becoming the limo-of-choice for the Oscars. I myself bought a Prius in May and I love it. Not only is it eco-friendly, but it's also incredibly convenient. Not having to fill up that often saves a ton of money, and all that time wasted at the gas station. Tons of time.
U.S. auto sales are expected to have dipped slightly in October, as stepped-up incentive spending by automakers could not totally offset the drag from continued turmoil in the U.S. housing market, analysts said.
If you go to as many auto shows as I do, you quickly realize that there are only a few times you see a car, truck or SUV that is truly cool. Once again, spending a couple days in Las Vegas convinced me that the WOW factor is at the SEMA (Specialty Equipment Manufacturing Association) convention.
Truck maker MAN said Wednesday that its third-quarter profit rose 32 percent on a gain in orders for its trucks and improving sales, and raised its outlook for the rest of the year.
Auto-parts maker Visteon posted a narrower quarterly loss on Wednesday, supported by cost cuts, and said a multiyear restructuring plan remains on track.
Ford Motor and the United Auto Workers union Tuesday intensified the pace of negotiations for a new labor contract, a person familiar with the talks said.
Europe's major indexes closed lower Tuesday as investors remained cautious in the run up to Wednesday's Federal Reserve decision and in the wake of a generally disappointing batch of major earnings reports.
Goodyear Tire & Rubber, the largest U.S. tire maker, posted a quarterly profit Tuesday, supported by a gain on the sale of its engineered products business and a focus on sales of more expensive branded tires.
OK, at first blush Jay Leno and rapper 50 cent might seem like a strange combination. But for General Motors this odd couple is the star power the automaker needs to draw attention to specialty auto parts. Last night here in Las Vegas, Leno unveiled a Corvette Z06 modified for racing performance even when running on E85 ethanol.
Germany's Continental just missed forecasts with an 8 percent rise in third-quarter operating profit, and said it would issue 14.65 million new shares to help pay for its takeover of Siemens VDO.
Chrysler CEO Bob Nardelli said Monday he has a three-pronged strategy to return the company to profitability that starts with listening to the company's detractors.
The latest reports in Automotive News about strong sales in Eastern Europe helping Ford and Toyota meet sales goals, confirms something I've been hearing for some time from Big 3 execs. Don't focus so much on the U.S. and lose sight of the real battle over global sales.
The United Auto Workers union already has seen two strikes and significant dissent in this year's round of contract talks, but the fight could be just beginning as the union turns to its last bargaining partner, Ford Motor.
Workers represented by the United Auto Workers voted to ratify a four-year contract with automaker Chrysler, the union announced Saturday, capping a close-fought ratification battle that had threatened to scuttle the labor pact.