Whether or not you agree with this conclusion, make no mistake GM and Chrysler did need to be restructured. If they weren't, one or both would have gone away for good or wound up broken into pieces.
President Obama travels to Holland, Michigan today to discuss the economy and hail the development of the electric car industry. His appearance at the groundbreaking of an LG Chem battery plant will include mentioning the hiring of 300 employees.
Counterfeiters have created an international, multi-billion-dollar industry by making cheap imitations of designer goods and selling them for a fraction of the price.
Were you surprised to hear the initial investigation into reports of Toyota cars and trucks suddenly accelerating were likely more a case of driver error? You shouldn't have been. The results echo what most in the auto industry, even those who are extremely critical of Toyota, have said for some time.
When I got into the Nissan LEAF for a true extended test drive here in southern California, I had a pretty good sense of what to expect: A quiet ride, good acceleration, and overall an enjoyable drive. I was wrong.
I think hiring Blankenship was a smart move by Tesla CEO Elon Musk. Blankenship has worked at Gap and Apple , two companies with retail stores customers wanted to visit. Granted getting someone into a store to check out clothes or an iPod is far different from checking out a new car. Or is it?
As Ford prepares to release its MyFord Touch and MyLincoln Touch in-car communication systems a new feature of the systems will get a lot of attention.
A week ago, Tesla investors were riding high, telling me and many others, "See, this stock is gonna do great." Their euphoria was understandable since shares of TSLA priced higher than anyone expected at $17 a share and took off from there.
Halfway through the year, it's becoming clear American auto buyers have re-discovered the two biggest American auto brands.
With Toyota reportedly on the cusp of another major recall, this time for faulty engines in 170,000 Lexus models worldwide, it's clear this company is far from getting out of the woods.
Apple's new iAd platform debuts today, but without any of the flash or excitement of Apple's gadget debuts.
First of all, let's be clear about June auto sales. Yes, everyone will be up compared to June of last year. Big deal. June of last year the economy was even further in the tank, GM and Chrysler were in bankruptcy, and the auto industry was gasping.
Hulu's long-awaited premium service "Hulu Plus" just went live. The premium, HD service is available on the iPhone, iPad, and even certain TVs and costs $9.99 a month.
Tesla is going public today under the symbol TSLA. To say this IPO has gone better than expected would be an understatement. It's pricing at $17 a share, above the range originally set out, and with the number of shares being offered expanding to 13.3 million, this IPO will raise more than $225 million dollars for Tesla.
What’s to love about Tesla Motors? It’s a good story, but…how many times have we heard good stories from Wall Street on IPOs of companies that have ended up in the junkyard?
Tesla, the high-end electric carmaker has expanded the number of shares it will offer when its stock starts trading this week. The company will now issue 20 % more stock at a price of $14-16 a share. All part of the Tesla plan to raise about $200 million.
Next week the country's largest automaker and one its smallest will both be scrutinized by Wall Street and investors.
China is going through the labor unrest and growing pains that you would expect in a country that pass up the U.S. in auto sales last year. In the last two months there have been strikes and labor unrest at different auto plants in China. Compared to some of the doozies in the past here in the U.S., these are mild. But I suspect this is just the beginning.
For years people have derisively said, "oh that's a chick car" when describing a certain model supposedly favored by women. Whenever I would hear people in the auto industry use this term, I'd think to myself, "Talk about making a broad, often incorrect generalization."
It's ok to admit it. It's ok to say that you are skeptical of the J.D. Power report that the Big 3 have passed up foreign automakers when it comes to quality. There are more than a few of you out there who e-mailed me last week to say that you aren't buying it.