NEW YORK— After a nearly 20- year absence, Italian car maker Alfa Romeo is returning to the U.S. market. Alfa CEO Harald Wester says the company plans to ship around 100 4 C sports cars to the U.S. this June. It's hand made in Italy and has a 1.7- liter turbocharged four-cylinder engine with 240 horsepower.» Read More
A $4 billion sale of loans being raised by automaker Chrysler following its takeover by buyout firm Cerberus has been indefinitely postponed, the Wall Street Journal reported.
OK, I've been out of the office (and out of the country) for more than a week. So I'm just getting around to seeing the suggestions you sent me for how you would fix Ford's image. In a nutshell, all of you, and yes, I heard from a lot of people, would start by improving the quality and appeal of Ford's vehicles. But beyond that, it's clear many of you think this is a company that needs a serious infusion of fresh marketing and image building ideas.
The question now is whether GM's new red tag sale is the prudent use of incentives to clear some inventory, or if it's a sign of things to come for the automakers struggling with flat sales? I think it's a one-time thing.
Automakers racing to find affordable ways to make cars environmentally friendly are zeroing in on polluted, fuel-scarce China to help them take clean car concepts from the laboratory to the market.
A U.S. federal appeals court Thursday threw out planned federal fuel economy standards for many sport-utility vehicles, minivans and pickup trucks.
Here's a tough one: you've been put in charge of marketing a struggling automaker that has many positives, but just as many, maybe even more, negatives. How would you change that automakers image?
Forget about L.A. being tinsel town, and style capital. At this year's Los Angeles Auto Show the automakers are trying to wrap themselves in the "Green Leaf" of fuel efficiency. Ford announced a new sustainability plan that will include developing direct injection gas engines, lighter cars, and more hybrids.
As I'm getting my first peak at the Los Angeles Auto Show, there's some good news for a couple of struggling automakers. Ford CEO Alan Mulally had dinner with a handful of reporters Tuesday and shot down the suggestion Ford will need to partner up with another automaker or private equity firm. In fact, he says Ford is in "terrific" shape for growing the business globally.
It is a unique experience, riding along in a Ferrari GTO. Unique because if you could figure out a way to ride in every one every made, you'd only get 36 chances. "It embodies, it combines, everything about beauty and strength. So it's very difficult to combine beauty and strength...
As I fly into the Los Angeles Auto Show, I'm wondering if this year's show and the slew of "green" models being rolled out will matter to people. Don't get me wrong, I think there is a growing appetite among buyers for hybrids and fuel cell cars. But the new models being introduced don't stand out.
Ford Motor has narrowed the auction of its Jaguar and Land Rover brands to three bids, two of them involving Indian companies, people familiar with the matter said Monday.
I admit it, this is not what I expected when I landed in Dubai, United Arab Emirates. I didn't expect to travel halfway around the world to see first hand that the automaker in my back yard is highly regarded. Last night, I went to the GM Style showcase here in Dubai where stars and cars share the runway.
Chrysler plans to offer a new round of rebates in December in preparation for what is expected to be a tough sales year in 2008, the Wall Street Journal reported Friday citing people familiar with the matter.
Ford Motor posted a narrower-than-expected quarterly loss Thursday and said it was nearing a deal to spin off British luxury brands Jaguar and Land Rover.
So there I am driving to the Northwestern/Iowa football game last Saturday when my friend Bruce says, "Hey, what do you think of the Buick Enclave? I think it's pretty sharp." Well Bruce, you are not alone. The latest stats from J.D. Power's Power Information Network shows the Buick Enclave was the fastest selling vehicle in the U.S. last month.
Stocks are striking a much-improved tone after Wednesday's high energy selloff, as investors await testimony this morning from Fed Chairman Ben Bernanke. Monthly chain store sales and some big earnings could also influence direction.
GM's record loss of $39 billion is a stunner that has investors once again questioning whether the country's largest automaker is any closer to consistently turning a profit. For what it's worth, I think GM will get there, and I'll explain why in a bit.
The takeaway from the GM numbers is that expectations for auto sales, particularly in North America, appear too high and is exacerbating concerns about a softer U.S. consumer. Forget about the somewhat confusing $39 billion non-cash charge.
General Motors CEO Rick Wagoner sees "tough circumstances" in the marketplace, but expects "no cash impact" from a massive charge that left his company with a record $39 billion third-quarter loss.
Toyota Motor, the world's biggest and most profitable automaker, posted a 2.7 percent rise in quarterly operating profit thanks to a weaker yen, cost cuts and stronger sales, and it raised its full-year forecasts.