Wednesday, October 8, 2008
David Phillips
Tough road: Retooling with sales at historic low

We’re more than a quarter of the way through a momentous year for the U.S. auto industry, and it’s painfully clear the pendulum hasn’t stopped swinging.
When and where it will settle is anybody’s guess.
But it’s about to get more painful.
Sales have tanked and just [...]

Wednesday, October 8, 2008
NADA chief urges quick bailout action
Leader of nation’s car, truck dealers says U.S. must move swiftly to end credit crisis crippling auto sales.
Bryce G. Hoffman / The Detroit News
The head of the nation’s car and truck dealers called on the federal government to move swiftly to implement the $700 billion bailout plan [...]

Wednesday, October 8, 2008
Toyota fighting U.S. woes to meet global sales goals
Yuri Kageyama / Associated Press
TOKYO – Shares of Toyota Motor Corp. plunged Wednesday following a major business daily report that Toyota may have trouble meeting global vehicle sales targets.
But Toyota declined to comment on the report, while Senior Managing Director Yoichiro Ichimaru said his [...]

Wednesday, October 8, 2008
Manny Lopez: Commentary
German auto officials suffer loan envy

The Germans are none too happy with us these days.
They’re especially upset about the $25 billion in loans the U.S. government secured to help automakers build greener vehicles here.
Auto industry officials in Deutschland are calling the auto loan program a "distortion of competition" and bastardization [...]