Bob Kruse, who recently led a critical Chevrolet Volt team and devised the automaker's long-term electric vehicle strategy, has resigned months before the vehicle's debut, The Detroit News has learned.---...M...
Wednesday, September 30, 2009
Toyota to Issue Largest-Ever Recall - Killer floor mats
USA - Toyota says it will recall 3.8 million vehicles in the United States to address problems with a removable floor mat that could interfere with the vehicle?s accelerator and cause a crash. The company says it will be the largest recall in its history. Owners could learn about the safety campaign as early as next week. Toyota and the government...
Tuesday, September 29, 2009
GM's return policy may not be worth the hassle
You fell in love with that $22,000 Chevy Malibu because of its color, style and price. After driving it home, you realize it's not what you wanted. Maybe it's the way it handles on the highway, the location of the cup holders or the shape of the seats.--...M...
Chrysler to ship 400 Ohio jobs to Michigan
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400 Ohio jobs,
chrysler,
michigan,
ship
Workers headed to metro Detroit plantsChrysler Group LLC plans to offer about 400 jobs in metro Detroit to workers from its Twinsburg, Ohio, stamping plant, while the automaker prepares to freshen its slow-selling midsize sedans -- a move that could temporarily extend jobs of about 1,300 workers at the Sterling Heights assembly plant.Twinsburg, one...
Saturday, September 26, 2009
Chrysler group mulls how to make most of Fiat's technology
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Chrysler group,
Fiat's,
mulls,
technology
Chrysler group mulls how to make most of Fiat's technologyAlisa Priddle / The Detroit NewsThe Chrysler Group LLC board met in Auburn Hills on Friday to figure out how best to use Fiat engineering and technology to make future products such as midsize sedans -- and where. The nine-member board is to provide a report to the U.S. auto task force next...
Friday, September 25, 2009
Chrysler refines product, business plan
Alisa Priddle / The Detroit NewsThe board of Chrysler Group LLC will meet in Auburn Hills today to go over details of the five-year product and business plan that will be presented to the U.S. government next week and made public in mid-November. It...
Thursday, September 24, 2009
Chrysler prepares to rehire some employees
After 35,000 job cuts in the past two years and a bankruptcy that shifted control to Italy's Fiat SpA, Chrysler Group is preparing to rehire an unspecified number of salaried workers and ask current workers to put in overtime to get new models to market...
Wednesday, September 23, 2009
GM rehiring 2,400 workers as production ramps up
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2,
400 workers,
gm,
production,
ramps up,
rehiring
General Motors Co. is rehiring 2,400 workers at three plants that are boosting production and absorbing work lost in an unprecedented round of closings announced before the automaker's bankruptcy filing....M...
Saturday, September 19, 2009
Chrysler exec Jim Press owes IRS, credit union more than $1.4M
Deputy Chief Executive Jim Press owns more than $18 million worth of real estate in some of the country's priciest ZIP codes, but he has financial problems more commonly found on the factory floor, not the boardroom.---M...
Friday, September 18, 2009
GM dealers clamor for more vehicles
In an internal report, obtained by The Detroit News, General Motors Co. officials were surprised to find dealers wanted far greater numbers than the company had projected.---...M...
American Axle deal reached
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American Axle,
deal,
reached
Detroit-based American Axle & Manufacturing Holdings Inc. has avoided bankruptcy with a new agreement with its lenders and a cash infusion from its largest customer, General Motors Co.---...M...
Dealers indicate Penske close to buying Saturn
Saturn dealers nationwide have received new sales and service agreements from Roger Penske, a sign the auto icon is close to finalizing a deal for the castoff General Motors Co. brand.--...M...
Automakers can top fuel rules, energy chief says
Washington -- U.S. Energy Secretary Steven Chu said Thursday automakers are capable of going beyond the 34.1 miles per gallon fleetwide fuel efficiency standards proposed by the Obama administration for the 2016 model year.---...M...
Thursday, September 17, 2009
Ford F150 Uses Tires Made In China-Tire tariff jolts Ford supplier
Tire tariff jolts Ford supplierKorean firm with factories in China weighs options to keep outfitting F-series trucksBryce G. Hoffman / The Detroit NewsFew things scream "American" louder than Ford Motor Co.'s F-series pickup, but some models of the best-selling...
Chrysler to start leasing; dealers await sales boost
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start
The Chrysler Group said Wednesday that it will start leasing again, a move that dealers hailed as holding the potential to improve sales.Through August, Chrysler's U.S. sales are down 39% compared with a year ago. At the Frankfurt auto show Wednesday,...
Wednesday, September 16, 2009
Fiat can hit sales target with Chrysler alone
FRANKFURT (Reuters) - Italy's Fiat (FIA.MI) can reach its target of selling between 5.5 and 6 million vehicles with Chrysler alone but the group still considers renewal of Italy's car sale incentives as vital.If the Italian government did not renew car...
Chrysler CEO Has Five-Year Plan
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Chrysler CEO Has Five-Year Plan
FRANKFURT -- Chrysler Group LLC Chief Executive Sergio Marchionne said Wednesday he has designed a five-year plan for the auto maker and plans to share some of the details in November. Mr. Marchionne, who is also CEO of Fiat SpA, said Fiat expects Chrysler's...
Tuesday, September 15, 2009
Magna executive says EU won't block Opel deal
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executive,
Magna,
Opel deal,
won't block
Frankfurt -- The co-chief executive of Magna International Inc. said Tuesday that he doesn't believe the European Union will block his company's acquisition of a majority stake in Opel.......M...
Monday, September 14, 2009
Marchionne Managing Chrysler Means 5 Mobile Devices in Backpack
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5,
Backpack,
chrysler,
Managing,
Marchionne,
Mobile Devices
Sept. 14 (Bloomberg) -- To save Chrysler Group LLC, Chief Executive Officer Sergio Marchionne has to create a mid-size sedan that can compete with the world’s best. It’s a three- to five-year job, and he may have two years to do it. Chrysler, which got...
Saturday, September 12, 2009
GM rescinds 27,000 pay cuts for white-collar workers
General Motors Co. restored salaries for white-collar workers and some executives Friday in a bid to retain employees critical to the automakers revival.--M...
Friday, September 11, 2009
GM offers 60-day, cash-back guarantee
Board chairman to pitch four brands in major ad campaignRobert Snell / The Detroit NewsGeneral Motors Co., trying to woo consumers after a trip through bankruptcy, will launch a new advertising campaign Monday touting a 60-day money-back guarantee featuring...
GM sells Opel to Magna, Sberbank
General Motors Co. will enter into the latest of a series of alliances in key overseas markets after agreeing to sell control of its German carmaker Adam Opel GmbH.--...M...
Chrysler buys out engine plant in Dundee
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buys out,
chrysler,
Dundee,
engine plant
Chrysler Group LLC, the automaker run by Fiat SpA since exiting bankruptcy in June, said Thursday it bought out Mitsubishi Motors Corp. and Hyundai Motor Co. stakes in a Michigan engine factory.--...M...
GM rolls past 1 million miles in fuel cell demo
Buffalo, N.Y. -- General Motors Co. is now 1 million miles into its fuel cell experiment and company officials say having everyday people drive a test fleet of pollution-free cars has convinced them they are on the right track.---...M...
Thursday, September 10, 2009
President Obama to make first auto plant visit
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first,
President Obama,
visit
Washington -- President Barack Obama plans to make a speech at General Motors Co.'s assembly plant in Lordstown, Ohio, next week, his first visit to a U.S. auto plant as president.--...M...
GM to lay off about 1,000
General Motors Co. needs to lay off about 1,000 white-collar workers this month because only 1,900 accepted early retirement and buyout offers, the automaker said Wednesday.--...M...
Wednesday, September 9, 2009
Gov to shift its stakes in GM and Chrysler to independent trust
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gm,
Gov,
independent,
trust
By Silla Brush - 09/09/09 The federal government should consider shifting its massive stakes in General Motors and Chrysler into an independent trust to provide better oversight and transparency, a government watchdog panel will report on Wednesday.The government has supported the U.S. auto industry with more than $70 billion in bailout aid and has...
Tuesday, September 8, 2009
Chrysler: Dodge Ram No. 1 in vehicle accessories
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accessories,
chrysler,
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No. 1,
vehicle
The Dodge Ram full-size pickup boasts the most accessories of any vehicle in Chrysler Group LLC's lineup, the automaker said Tuesday. The Jeep Wrangler is a close second, followed by the Chrysler Town & Country and Dodge Grand Caravan minivans, the...
Chryslers New Ram Plan Poses Brand Jam
Chrysler is potentially headed for a brand problem that will rival the pickle that GM is trying to extricate itself from.Here is the deal. Chrysler has three main brands at the moment: Chrysler, Dodge and Jeep. But it has made it clear to the ad agencies pitching its ad account that it is splitting off its pickup truck and commercial vehicle business...
Monday, September 7, 2009
GM: Fleet airbags required
General Motors Co. will not allow fleet purchasers to skip buying side airbags on 2010 models, the company said Friday.---M...
GM plant restarts production in Venezuela
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plant,
production,
Venezuela
CARACAS, Venezuela -- General Motors Co.'s Venezuela affiliate says it has restarted an auto assembly plant that was idled for two and a half months.--M...
Saturday, September 5, 2009
Old Chrysler defaults on loan payment
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defaults on loan payment,
Old Chrysler
The portion of Chrysler LLC that remains in bankruptcy had costs of $10.2 billion in June, which is more money than the company was left with to cover the costs of liquidation.--< a href="http://www.detnews.com/article/20090905/AUTO01/909050313/1148/rss25">M...
Friday, September 4, 2009
Old Chrysler's costs outstrip assets
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assets,
Chrysler's,
costs,
Old,
outstrip
The portion of Chrysler LLC that remains in bankruptcy had costs of $10.2 billion in June, which is more than the amount the company was left with to cover the costs of liquidation.The June operating report for Old Carco LLC, the name for the bankrupt pieces of the automaker, was filed with the New York bankruptcy court Friday. Chrysler LLC filed for...
Thursday, September 3, 2009
Big Three get image boost
An overwhelming percentage of new-car buyers said they would consider a vehicle made by Detroits Big Three, according to a survey released Wednesday by the Consumer Reports National Research Center.--...M...
Wednesday, September 2, 2009
GM to pay another $50 million for Delphi benefits
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$50 million,
benefits,
Delphi,
gm,
pay
Washington -- General Motors Co. has agreed to pay another $50 million to fund health benefits to nearly 50,000 Delphi Corp. hourly retirees and their dependents, union officials said Tuesday.href="http://www.detnews.com/article/20090902/AUTO01/909020331/1148/rss25">...M...
Car sales rebound during Cash For Clunkers
The federal "cash for clunkers" program lifted U.S. auto sales in August to the first monthly, year-over-year gain since October 2007, raising hopes the market is beginning to rebound.Analysts and auto executives expect demand to fall in September, in...
RHJ ups cash in Opel bid
RHJ International SA increased its offer for General Motors Co.'s Opel unit, agreeing to inject more cash into the unprofitable division and seek less in loan guarantees from the German government. Under the revised bid, RHJ would contribute 300 million euros ($426 million) instead of 275 million euros, Arnaud Denis, a spokesman for the Brussels-based...
Idle GM plants spark interest from automakers
Prospective buyers eyeing sites considered difficult to unloadForeign and domestic automakers have expressed interest in buying factories being sold by the former General Motors Corp. as part of its bankruptcy case. Al Koch, chief restructuring officer...
Tuesday, September 1, 2009
Chrysler Group LLC-Several models sell out in August
Chrysler Group LLC today reported a 5 percent sales increase compared with July 2009 despite low inventory levels on a number of popular nameplates.Dealership traffic continued at a high level during the month of August, in part due to the U.S. government’s...
Dodge Ram pickup is only new Chrysler for '10
Chrysler has only one all-new vehicle for 2010 but is adding fuel-efficient versions of existing products and making more features standard in a lineup that must carry it through next year.Competes with: Ford F-Series, Chevy Silverado Looks like: A bigger...
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