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When auto makers report August sales later today, don't be surprised by the whopping numbers they put up.
These are fun days at Ford. After staring bankruptcy in the eye and surviving a horrific slump in sales, the auto maker is rolling. Sure, it's not yet back in the black, but it has the big "MO". It's adding production, cutting losses, and is in the sweet spot of new product cadence with models like the Edge and Taurus bringing back buyers.
It sounds strange to say it, but it's true. The auto industry still has too many plants with the capacity to crank out millions more cars and trucks than needed.
I thought the final numbers on the Cash for Clunkers program were fairly straight forward. The Department of Transportation released the top 10 selling models and what percentage of vehicles were sold by each auto maker. But those numbers don't make sense to many of you.
The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.
This is one of those weeks when the auto industry is slowly but surely showing that its darkest days have passed. The three year downturn in production is giving way to small, but important increases in the number of cars and trucks rolling off assembly lines.
Get used to seeing more triple digit fuel economy ratings as Toyota, Ford, Chrysler, and other niche players start rolling out the electric line-ups over the next 3-4 years.
Educating the public about electric vehicles will take a lot of time, but implementing them is our future, said Rebecca Lindland, director of the Autos Group at IHS Global Insight.
In the new GM, where the big push is getting closer to the customer, there's an interesting experiment the company is about to launch.
A study finds the fuel economy of new cars and light trucks sold in July noticeably jumped, thanks to the "cash for clunkers" program.
General Motors said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius.
That's the fuel economy GM expects the electric Chevy Volt to deliver when it comes out late next year. The company made the announcement this morning in Detroit and already skeptics, fans, and the general public are debating if the Volt's mega-fuel efficiency will be a "game changer" for the industry and General Motors.
One month after exiting bankruptcy and vowing to do business differently, GM is going on-line as it strives to improve its bottom line. The auto maker is teaming up with eBay to sell new cars on line in the state of California. It's a deal the two companies have been working on for a few months and it should be a win/win.
Ever since Washington first signed off on Cash for Clunkers, I've heard a steady chant of criticism about the program....While I've heard all these concerns, I'll be honest that there are very few I agree with.
The Senate is readying an extension of the so-called Cash for Clunkers program, potentially providing more consumers with another chance to cash in on the popular government program. But does it make sense for you to make use of this program?
I can still remember the day a few years ago when Alan Mulally, recently installed as the Ford spacer CEO, told me his company was changing the name of the Ford 500 to Taurus. Along a few slight styling tweaks, the idea was to bring the Taurus name back and stoke some recognition with buyers who were writing off the blue oval.
The weekly chart for Nissan shows a powerful trend recovery and a strong rebound from newly created support areas. Is the rebound sustainable or is Nissan merely a 'leaf' blowing in the winds of turmoil facing the auto sector? Let's see what the charts say.
Ford Motor gapped up to a 15-month high Monday morning, following bullish options activity last week.
Credit Cash for Clunkers with giving Ford the boost needed to post its first positive monthly sales in 2 years.