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Chrysler: Viper Sniper
Just as GM looks ready to jettison its bloated Hummer, Chrysler prepares to do away with its gas-voracious Viper. ... Continued »
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Despite GM “Employee Discounts,” Outlook Poor for August Auto Sales
Despite its “Employee Discounts for Everyone,” forecasters said GM sales fell in August below the year-ago month, along with U.S. auto sales overall. U.S. auto sales in 2008 look to be the worst since 1993.
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Despite GM "Employee Discounts," Outlook Poor for August Auto Sales
Despite its "Employee Discounts for Everyone," forecasters said GM sales fell in August below the year-ago month, along with U.S. auto sales overall. U.S. auto sales in 2008 look to be the worst since 1993. by Jim Henry
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Delphi Says Preparing Revised Reorganization Plan
NEW YORK (Reuters) - Auto parts maker Delphi Corp DPHIQ is preparing a revised plan of reorganization to file with the U.S. Bankruptcy Court, but does not know when such a plan will be ready, a company spokesman said on Friday. Delphi, which...
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Electric Fault Spurs Big GM Recall
DETROIT (Reuters) - General Motors Corp GM is recalling 857,735 vehicles equipped with a heated windshield wiper fluid system for a potential short-circuit problem, according to federal safety regulators. A short-circuit in the system may cause other electrical features to malfunction,...
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GM Offers Early Retirement to U.S. Salaried Staff
DETROIT (Reuters) - General Motors Corp GM is offering early retirement incentives to about 28 percent of its U.S. salaried work force as part of its effort to reduce payroll expenses and conserve cash. The incentives were offered to about 9,000 U.S. employees,...
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Toyota Slashes 2009 Sales Forecast
Toyota Motor Corp has slashed its 2009 sales forecast due to slowing demand, putting off its goal of becoming the world's first automaker to sell more than 10 million vehicles in a year.Toyota, vying with General Motors to be the world number one, now aims to sell 9.7 million...
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Ford: Ripe for the (Bottom) Picking?
Laura Cadden submits: Ford Motor Company's F share price has defined the word volatile in recent months. Should investors take advantage of the bargain rates, especially now that the company is selling an additional 500 million in new shares to make up for debt incurred by its financial...
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GM Says Automakers Deserve $50 Billion in Federal Loans: Report
(Reuters) - Automakers deserve as much as $50 billion in government-backed loans so that they can build more fuel-efficient cars, according to a top General Motors GM executive, the New York Times reported. This is double the amount being currently sought by the...
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Mazda Halves 08/09 Sales F'cast at One China Venture
TOKYO (Reuters) - Mazda Motor Corp halved its sales forecast at one of its two Chinese joint ventures on Friday in one of the first signs that a demand slowdown in the world's second-biggest car market is affecting automakers' plans....
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Toyota Cuts Sales Forecast
By Chang-Ran Kim, Asia autos correspondent TOKYO (Reuters) - Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of...
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Fleetwood Enterprises, Inc. F1Q09 (Qtr End 07/27/08) Earnings Call Transcript
Fleetwood Enterprises, Inc. FLE F1Q09 Earnings Call
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Hot Small Caps - BBA Aviation Plunges as It Warns on Second Half
LONDON (Reuters UK) - Following is a round-up of key small caps on European stock exchanges on Thursday. 10:43 BST - BBA Aviation plunges as it warns on second half Shares in aircraft services firm BBA Aviation BBA are down over 5.8 percent as the firm warns...
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Thor Industries: Strength From Weakness
Tim Meador submits: Thor Industries THO is the leading manufacturer of travel trailers ahead of Berkshire Hathaway's (BRK.A) (BRK.B) Forrest River, and they also make motor homes and buses. Travel trailers and 5th wheels account for 68 percent of sales, with motor homes at 17 percent and buses at 15...
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Chrysler Considers Sale of Gas-Guzzling Dodge Viper
Money Morning submits: by Jennifer Yousfi With the U.S. auto market increasingly focused on practicality and fuel-efficiency, Chrysler LLC announced Wednesday it was entertaining offers for its Dodge Viper sports car. by Money Morning
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GM to Invest $200 Million in India Engine Plant
By Rina Chandran MUMBAI (Reuters) - General Motors Corp GM said on Thursday it would invest more than $200 million in a powertrain plant in India, as the troubled U.S. carmaker aims to double its share of a fast-growing but increasingly competitive ...
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GM to Put $200 Million in India Engine Plant
MUMBAI (Reuters) - General Motors Corp GM on Thursday said it would invest more than $200 million initially in a powertrain plant in India, as the troubled carmaker aims to double its share of a fast-growing but increasingly competitive market. The...
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Caterpillar Sees Strong China Sales Enduring
BEIJING (Reuters) - Caterpillar Inc CAT expects weakness in rich-country economies to persist into 2009 but its sales in China will remain strong, Jim Owens, chairman and chief executive of the U.S. construction and mining equipment firm, said on Thursday. Caterpillar...
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Toyota Cuts 2009 Global Sales Forecast
TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would miss its goal of selling more than 10 million vehicles next year, lowering its forecast by nearly 7 percent to account for a severe downturn in Western markets driven by ...
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Chrysler to Dump Viper? Whoever Has the Most Toys Loses
It looks like Chrysler will dump the Dodge Viper, just as GM jettisons Hummer. Ford already sold Aston Martin, Jaguar and Land Rover. It makes you wonder what's next? Now that Toyota arguably overtook GM as the world's largest automaker last year, maybe it's time for Toyota to admit...
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Chrysler Looking at Options For Viper Business
By Poornima Gupta DETROIT (Reuters) - Chrysler LLC is exploring strategic options for its Dodge Viper sports car business as the struggling U.S. automaker tries to raise cash to ride out a deepening U.S. auto downturn. "We have been approached by third parties...
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Sharing Speculative Interest in GM
Jason Kelly submits: Everett writes: You write a lot in your stock book about Value Line and how much you respect their opinion. Yet, you say you like General Motors GM below $10. Value Line hates it. What gives?Liking General Motors below $10 doesn't mean I'm buying yet. What...
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BNET Industry Analyst Profiles
Jim Henry
Based in the New York metro region, Jim Henry is a veteran reporter with more than 20 years experience covering the auto industry for publications such as Automotive News. He was also department manager, corporate strategy and market research, for Mercedes-Benz USA, the German automaker's U.S. sales and marketing subsidiary. Jim is a board member and past president of the International Motor Press Association. more »
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BNET Automotive provides daily industry news coverage and insights for managers and executives, focusing on the major automotive and part manufacturers. In addition to detailed company profiles, we bring you critical analysis on new alliances and partnerships, new products, mergers and acquisitions, labor and cost management, investments and deal flow, and a host of other important business issues.