Cummins Inc. is recalling 400 laid-off workers as it resumes production at a Columbus factory, while nearly 300 people lost their jobs as an auto parts company idled a plant in nearby Shelbyville.
President Barack Obama says General Motors Corp. and Chrysler LLC must emerge from their restructuring as "leaner, meaner" companies and that a substantial market awaits them if they make the right decisions.
Renault SA's chief Carlos Ghosn said Tuesday that carmakers are facing the worst crisis since the Great Depression and urged European governments to save the auto industry from collapse.
Car manufacturers and their suppliers in the Czech Republic are expected to lay off more than 13,000 workers by the middle of next year amid the global economic downturn, an auto industry group said Wednesday.
The German auto industry's leading trade group said Wednesday it expects 2009 car sales to be the worst since the reunification of the country in 1990 as the global financial crisis takes its toll on consumers and economic growth.
In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival.
Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. posted U.S. sales gains in December that beat analysts' estimates as the industry showed signs of stabilizing after its worst year in almost three decades.
FUNNY CIGARETTES or SOMETHING IN THE WATER? Let's see the Obama Administration loaned the auto industry $82 Billion
Detroit routinely insisted throughout the past few decades that their consumer studies proved the American buying public wasn't interested in fuel efficient vehicles, and preferred big, profitable SUVs and pickups, as reason for Detroit's truck-heavy product lineups.
The abandoned corpses, in white body bags with number tags tied to each toe, lie one above the other on steel racks inside a giant freezer in Detroit's central mortuary, like discarded shoes in the back of a wardrobe.
At a special Reuters summit in Detroit, numerous auto industry executives are cited as suggesting that the government raise taxes on gasoline substantially to spur the adoption of fuel efficient vehicles.
Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.
This article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.
The company has ambitious plans and intends to expland its line up of electric vehicles. Tesla plans to release by late 2011 the Model S all electric sedan, which is to sell for $49,900 after a $7,500 federal tax credit. A subcompact will follow with a price less than $30,000.
Drivers like Al McWilliams increasingly concern the auto industry. McWilliams is part of a growing community of people who don't own a car and don't want to. He has no monthly car payment. He doesn't pay for insurance or gas or parking fees.
China is "the world's biggest car market, having passed the US this year."
WASHINGTON (AP) - Auto dealers and business leaders have appealed a decision by the Environmental Protection Agency to allow California to establish the nation's first greenhouse gas standards for cars and trucks.
excerpt: ""Yesterday, tens of thousands of people gathered in rural West Virginia for the coal-powered "Friends of America Rally." The point of the event was to rail against the Waxman-Markey clean energy legislation.
The world has not seen such a global recession in a long time. It seems to have been around for ages without an end in sight.
By Bernard Simon in Toronto Published: August 14 2009 19:02 | Last updated: August 14 2009 19:02 Detroit's two embattled carmakers, General Motors and Chrysler, have been a study in contrasts since their emergence from court-supervised restructurings in recent months.
President Obama ended his first 100 days in office amid hopes that both General Motors and Chrysler Group might both still avoid bankruptcy. In his second 100 days, he created a new U.S. auto industry.
When President Barack Obama announced Delphi Automotive Systems of Kokomo would receive 89 million dollars build parts for electric cars, company officials were surprised and excited.
As a free-market capitalist who does not believe in artificial spending and pump-priming from Uncle Sam, I'm going to eat a little crow with the following statement: At this moment in history, if we're going to use fiscal stimulus as Washington insists, I favor extending the cash …
LaHood has called the popular rebates to car buyers "the lifeline that will bring back the automobile industry in America." He and other advocates are citing program data to promote passage of another $2 billion for the incentives -- claiming dealers sold cars that are 61 percent …
Officials at the Transportation Department figured Thursday morning that they had applications in hand for about a tenth of the $1 billion that Congress set aside for the "cash for clunkers" program, meant to give rebates to people who turn in old vehicles for new, more fuel- …
Today it was announced by the U.S. department of transportation. that the C.A.R. incentive was to be cancelled at Midnight on Friday the 31st.
Carmakers PSA Peugeot Citroen and Nissan have both reported substantial losses in the face of continuing declines in global vehicles sales.
I find myself wondering why it is that G.M. has given up on the Pontiac brand, given that success isn't that far away.
Now that President Obama has nationalized much of the financial sector and two thirds of the auto industry, remaking this once proud industry into a bottomless taxpayer funded candy dish for the UAW...
Nissan has announced that its Wearside factory will start producing batteries for electric cars, which is expected to create 350 new jobs.