Thursday, August 28, 2008
Analyst: Big 3 may lose $5.6B
Annual earnings loss comes from permanent consumer shift from trucks to small cars.
Alex Ortolani / Bloomberg News
High gasoline prices and the shift away from trucks and sport utility vehicles is hitting Detroit’s automakers hard.
In the United States, they may lose about $5.6 billion annually in earnings as [...]

DEMOCRATIC CONVENTION

Harry Stoffer
Automotive News | August 27, 2008 - 3:52 pm EST
 
 
DENVER — Ford Motor Co. executives are telling lawmakers and other policymakers that suppliers as well as automakers are in critical need of low-interest federal loans soon.
Ford purchasing chief Tony Brown was part of the automaker’s pitch to policymakers here today at the [...]

 
Chrysler considers selling the Dodge Viper
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Brad Wernle
Automotive News | August 27, 2008 - 10:13 am EST
 
 
DETROIT — Chrysler LLC has put its hand-built Dodge Viper sports car business on the block.
The automaker announced today that it was undertaking a "strategic review" of the Viper business and stressed in a statement that it has not [...]