Thursday, September 4, 2008 Auto sales top expectations Despite a selling pace sharply lower than last year, car executives see a few bright spots. Christine Tierney and Robert Snell / The Detroit News U.S. auto sales fell sharply last month, but several industry executives sounded cautiously optimistic that the worst may be over after falling [...]
AUGUST U.S. SALES Toyota, Honda and Detroit 3 post declines; Nissan rises Richard Truett and Mark Rechtin Automotive News | September 3, 2008 – 12:46 pm EST DETROIT — August was another tough month in the United States for Toyota Motor Corp. and the Detroit 3, while Nissan Motor Co. posted a solid [...]
GMAC to cut 5,000 jobs at ResCap mortgage unit queryvar=”gmac,to,cut,5,000,jobs,at,rescap,mortgage,unit”; Automotive News | September 3, 2008 – 1:15 pm EST NEW YORK (Reuters) — GMAC LLC said today it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and shut its 200 [...]
GM sees Hummer sale by early ’09, tough times ahead queryvar=”gm,sees,hummer,sale,by,early,09,tough,times,ahead”; Automotive News | September 3, 2008 – 7:00 am EST ENLARGE Hummer H3T NEW DELHI (Reuters) — General Motors expects to sell its Hummer brand by the end of this year or early in 2009, as it shores up capital to survive [...]
