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  • UAW_logo_new.jpg

    With the UAW and Ford announcing they have agreed on a plan to re-work funding of union's Voluntary Employee Beneficiary Association, it is an important step not only for Ford, but GM and Chrysler as well.

  • Obama Auto Team

    When I woke this morning and surveyed what the morning papers carried about the auto industry, one article in the Detroit News about what cars the Obama Auto Team members own caught my attention -- It brings up the question: Will the cars these members drive influence their decisions regarding GM and Chrysler?

  • GM_logo_down.jpg

    Halfway through the trading day, GM shares hit levels not seen since 1938....A lot investors are starting to wonder if GM stock is worthless. 

  • Chrysler

    When President Obama’s Auto Team meets for the first time Friday morning, it will be off camera, behind closed doors, away from reporters. Maybe that's good. After all, fixing this industry could be messy, very messy.

  • Saturn owners are getting an e-mail today that essentially tells them their beloved brand is not going to die.

  • GM says that by the end of March it will reach a decision to either sell the brand or phase it out. My gut, based on talking with people in GM and the industry, is HUMMER is sold, but for far, far less than what GM wants.

  • General Motors Chairman and Chief Executive Rick Wagoner.

    GM CEO Richard Wagoner, Jr., says taking a conservative view of the future sent him back to the government to ask for more money.

  • General Motors Headquarters

    Yes, the numbers are staggering. Anytime a company says it may need up to another $16.5 Billion to fix its business, there's no way to sugar coat it.

  • GM_chrysler.jpg

    Remember in college when you had to turn in that mid-term exam? Today, GM and Chrysler face their own mid-terms of sorts, but with a big difference.

  • American Flag

    It may seem like the country that used to make everything is on the brink of making nothing.

  • toyota_logo.jpg

    When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.

  • Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.

  • JOBCLAIMS_noTEXT.jpg

    The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.

  • car_dealership_ford.jpg

    The idea that a lack of credit is keeping a large percentage of people from buying a new or used car is one of the more ridiculous assumptions still swirling around the auto industry. If you are looking to buy, there's plenty of credit available and frankly, it is a buyer's market.

  • From The Chicago Auto Show, Frank Klegon of Chrysler

  • From The Chicago Auto Show, Jim Farley of Ford

  • From The Chicago Auto Show, Don Esmond of Toyota North America.

  • General Motors

    GM is trying to pull off a very tricky and painful double play. On one hand it is moving as quickly as possible to downsize the second largest auto maker in the world. On the other, it is trying to show Washington lawmakers that it is a viable company worthy of more government aid.

  • Bob Lutz

    When I broke the news this morning about GM Vice Chairman Bob Lutz retiring I had mixed emotions. On one hand I thought to myself, "Good for him. If this is what he wants to do, he should do it." On the other hand, I was thinking to myself, "It's too bad he won't be 'in the arena' because this industry needs someone like Bob Lutz."

  • used cars

    At a time when there is little good news, I hate to be the bearer of even more bad news, but it kind of goes with the territory. So here it is: Used vehicle prices have bottomed out and are moving higher.