If you thought the auto industry and economy might be close to bottoming out and getting some traction, think again. The world's two largest auto makers are sending fresh signs that things will remain as bad, if not worse in 2009.
If there was ever a time to take the plunge and by that new, or at least newer car, this could be it. Congress is considering a "Cash for Clunkers" bill and in my opinion this is the ultimate win/win for buyers, dealers, and the auto makers.
What do you think will happen to Chrysler? That question was flying around the Detroit Auto Show this weekend, and trust me, some of the predictions I heard in Detroit were doozies.
I get the same question every year at the Detroit Auto Show: What was your favorite new car? My answer is almost always a model with an aggressive design and often it's a concept. This year, the Cadillac Converj stole my heart.
The auto show is under way in Detroit. But this year it's about far more than just having good-looking models and high mileage. The auto industry faces an even bigger battle with perception.
"American Idol" launches its eighth season Tuesday night and everyone's watching the ratings numbers to see how the aging giant holds up.
New cars are front and center at this year’s Detroit Auto Show. But one car in particular is generating some real buzz.
At an auto show that lacks "buzz", there are a couple of battles taking shape. Both of them could have major implications as to what we will be driving for years to come.
Tanking sales and gloom hang over Detroit as its annual auto show begins this week. Maybe the worst is behind it, as GM and Ford are up 26% and 15% YTD respectively.
Wall Street was looking at a slightly lower open Monday as traders took a leery view of the kickoff to earnings season.
Top executives at Ford Motor and General Motors stressed that the fortunes of automakers will depend on a turnaround in the economy and consumer confidence in particular.
Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
Calvin & Hobbes, like "Peanuts" or "The Simpsons" or "I Love Lucy", has a certain timelessness. Fifteen years later, a particular C&H classic is making the rounds on the internet.
As I have spent the last two weeks preparing for the Detroit Auto Show, which starts this Sunday, it's become clearer than ever to me the electric car is coming and coming fast.
Last month I got a lot of email after pondering what it might take to get me to buy an American car. I suggested that Detroit needed to come up with some sort of marketing campaign to convince me it's the cool, hip, right thing to do.
I spent part of Wednesday afternoon tooling around GM's tech center in a "mule" version of the Volt. When I hit the gas, the acceleration was instant. The Volt will deliver the same performance you would get from a car with 250 horse power
The Hyundai offer is significant because it addresses the one issue that is keeping people out of showrooms. Potential buyers are worried about keeping their jobs so they are putting off a new car for the family.
Tatsuya Mizuno, director of corporates at Fitch Ratings, predicts that the global automobile industry will remain weak for another two to three years. But he sees one somewhat bright spot amid the sector gloom.
As I was watching the dismal auto sales numbers come in on Monday, I was waiting for somebody to drop me an e-mail and sarcastically remind me that it was just a few months ago when I said, "Things can't get much worse in the auto industry."
The S&P fell on Monday with investors taking profits after last week's run-up; also concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.