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In the week since President Obama's Auto Task Force decided GM and Chrysler were not viable, much of the focus has been on the future of GM, who runs the company, and how the country can save its largest auto maker.
Shares of Mitsubishi Motors jumped to a three-month high on Friday after a newspaper said the automaker would double its annual production capacity target for electric cars in the business year to March 2012.
In a new threat to Detroit, China is investing heavily in hybrid and electric-vehicle technology.
March sales fell sharply for General Motors, Ford Motor and Chrysler, but not as much as industry analysts had feared for any of the companies. Sales of Japanese automobiles also fell, though less steeply than they did for U.S. automakers.
Eric writes, “Jeff, in the past you have liked Toyota. Are you even more bullish on them now given the latest GM news?
With members of President Obama's Auto Task Force hitting the ground in Detroit, the re-structuring of General Motors kicks into gear. Monday in Washington may have been all about justifying and selling the government calling the shots at GM, but Tuesday in Detroit is when the president's people get to work. No wonder critics are now saying GM now stands for Government Motors, not General Motors. So what happens next?
Team Obama fired GM CEO Rick Wagoner Sunday afternoon, just a short time after Treasury man Tim Geithner told the television talk shows that some banks will need large amounts of new TARP-money government assistance — even though the bankers don’t want it. Does this smack of big-time government planning and industrial policy? Another lurch to the left for economic policy?
If you thought March 31 would be the day the government would make a final pronouncement on GM and Chrysler, it's time to think again.
Today, Toyota takes the wraps off the new Prius and many in the auto industry will be watching to see if it can remain king of the hybrid hill.
This morning the Insurance Institute for Highway Safety released a new rating system for the strength of roofs for SUV's. These ratings highlight an area that is critical to whether passengers in an SUV will survive a rollover crash accident.
Amid all the hoopla about today's launch of the Tata Nano was a question and answer about when the $2,500 micro car might be on sales in the U.S. Tata CEO Ratan Tata said that it is conceivable his company could modify a European version of the Nano to meet U.S. safety standards within three years
Talk about a strange juxtaposition. On the same day Rolls Royce is bringing its new "Baby Rolls" to New York, the world's least expensive, "mass market" car is rolling out in India. The Tata Nano and Rolls Royce 200 EX. One will cost roughly $2,500, the other will be at least 100 times more expensive.
Life in limbo is costing GM and Chrysler. New numbers show the residual values of GM and Chrysler cars have taken a hit. Meanwhile, another survey of car buyers shows a sizable drop in the percentage of buyers who are considering buying a GM or Chrysler.
The auto industry generates nothing these days that even remotely resembles good news. Of course, no matter how bad the industry gets, there's always shelter in the storm, a shining light in the midst of the malignant gloom: the coolest car company in the world, Porsche.
Did the Fed just begin a currency war, where nations basically throw money at one another just to boost exports?
British luxury carmaker Jaguar surged to the top of J.D. Power and Associates' closely watched vehicle dependability study this year, tying Buick for the No. 1 spot and dethroning Lexus for the first time since the Japanese luxury brand has been a part of the survey.
The announcement by the Treasury Department that it will provide up to $5 Billion in federal aid is the next move by President Obama's auto task force to help the auto industry avoid a collapse.
What a difference a week makes. The combination of a market bounce, favorable news from GM, and reports of Ford planning to offer a $2.95 Billion in TALF-related bonds have sent shares of Ford and GM surging in the last week.
Congress is once again kicking around the idea of giving people an incentive to trade in their old car or truck for a newer, more fuel efficient model. It's an idea that has sparked demand for new cars in other countries around the world. And frankly, it is one of the few incentive programs that is a win/win situation.
Two weeks before the deadline for President Obama's Auto Task Force to decide whether or not to lend Chrysler, GM and suppliers billions more in Federal aid, Chrysler CEO is very clear: he needs a decision.