Wednesday, June 25, 2008
Chevrolet Traverse offers more power, fuel mileage
Scott Burgess / The Detroit News
MILFORD — The 2009 Chevrolet Traverse will offer more power and better fuel efficiency than its 2008 brothers, the Saturn Outlook, Buick Enclave and GMC Acadia, Chevy officials said Tuesday.
The all-new Traverse features a new 3.6-liter direct injection V-6 engine that [...]
Report: Ford talks with Chinese to sell Volvo
Volvo says it will cut 2,000 jobs
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John Revill
Automotive News | June 25, 2008 - 8:36 am EST
Ford Motor is in negotiations with a Chinese company to sell its Volvo cars division, the Swedish business publication Dagens Industri reported today on its Web site.
A Russian investor is also [...]
GM to adjust output at nearly half of its N.A. plants
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Craig Trudell
Automotive News | June 24, 2008 - 4:19 pm EST
DETROIT — General Motors, grappling with the dramatic shift in sales from pickups and SUVs to smaller vehicles, said it will adjust production at almost half of its North American assembly plants.
The automaker is [...]
Wednesday, June 25, 2008
Chrysler borrows $2B, despite having money
Analysts say funds may be needed to reshape car lineup, compete globally.
Eric Morath / The Detroit News
Chrysler LLC tapped a $2 billion loan Tuesday — partially funded by its former parent Daimler AG — giving the Auburn Hills automaker an infusion of cash amid plummeting sales and [...]
Wednesday, June 25, 2008
Daniel Howes
Detroit’s Big Three need cash — fast
High gas costs, low consumer confidence threaten automakers’ ability to get funds to fuel restructuring.
The General takes another whack at its imploding North American business — cutting shifts, boosting car production, raising prices and even resorting to the Motor City’s preferred narcotic, zero-percent financing — [...]
