Tribune Media Services September 14, 2008 Gas at $2 a gallon is gone forever, and with it the best years for mid- and full-size SUVs. Even General Motors recognizes the new order. After sitting on its hands for two years, it has given Chevrolet a midsize Traverse crossover, a noteworthy vehicle even if the [...]
Auto stocks battered on Wall Street queryvar=”auto,stocks,battered,on,wall,street”; Chrissie Thompson and Ryan Beene Automotive News | September 15, 2008 – 4:35 pm EST DETROIT — Shares of large U.S. auto suppliers took hits of about 10 percent Monday following the weekend news that the government would not rescue investment banks Lehman Brothers and [...]
Key agency says auto loan cost doubled queryvar=”key,agency,says,auto,loan,cost,doubled”; Harry Stoffer Automotive News | September 15, 2008 – 4:28 pm EST WASHINGTON — The odds against automakers and suppliers getting federal low-interest loans just got worse. The director of the Congressional Budget Office says the cost to taxpayers of a $25 billion loan program [...]
York says Ford better positioned than U.S. rivals queryvar=”york,says,ford,better,positioned,than,us,rivals”; Automotive News | September 15, 2008 – 5:00 pm EST ENLARGE Kerkorian adviser Jerry York says Ford CEO Alan Mulally had brought a "maniacal" focus to the automaker’s restructuring. DETROIT (Reuters) — Jerry York, an adviser to Tracinda Corp’s $1 billion investment in Ford Motor [...]
REUTERS AUTOS SUMMIT Automotive News | September 15, 2008 – 11:56 am EST ENLARGE "Perhaps we have found the bottom … in the U.S.," GM COO Fritz Henderson said today. Photo credit: Rebecca Cook/Reuters DETROIT (Reuters) — The bankruptcy filing of investment bank Lehman Brothers Holdings Inc. and the pressure on the financial sector [...]
Auto Makers to Enrich Small-Vehicle Content By James M. Amend WardsAuto.com, Sep 2, 2008 9:42 AM Auto makers will turn their former econoboxes into sporty, stylish rides replete with an unprecedented level of high-tech gadgets, safety and creature comforts to win over car buyers keen on beating high gas prices. “I’ve said [...]
