Chrysler gets right down to brass tacks, in a business plan submitted to Congress, asking for a $7 billion loan by the end of this month. Otherwise, Chrysler warns it could fall below the cash needed to pay an estimated $11.6 billion in expenses in the first quarter of 2009 — even after cutting 32,000 jobs, and closing plants representing about 1.2 million units of production, or about 30...
Auto Industry Archive
December 2008
U.S. auto sales were another punch in the gut in November, falling to the lowest level in 26 years. The bad news could help the Detroit Big Three automakers make the case for a government bailout in Congressional hearings later this week, said Mike DiGiovanni, executive director of global sales analysis for GM. “This is not a GM problem we are facing, this is an industry problem,”...
The business plan Ford will submit at Congressional hearings this week is figuratively wrapped in a green environmental flag, with an emphasis on future battery-powered models and more fuel-efficient gasoline engines. Ford’s task, and the task for rivals GM and Chrysler, is to get the agenda in Washington off the industry’s lengthy track record of failed restructuring and...
Will GM drop Saab, now that Ford looks like it will drop Volvo? If GM dumps Saab, it would be for a lot of the same reasons Ford is euphemistically “reviewing strategic options” for Volvo. In the immediate term, if you’re an automaker asking Congress for an emergency loan, as Ford and GM are doing this week, do you really want to explain to some hostile senator or...
Ford will give up Volvo Car Corp. after all, after a year of insisting it would keep Volvo and “fix” it. Ford announced today it would “re-evaluate strategic options” for Volvo Car Corp., including possibly selling it. That’s the corporate-speak equivalent of offering a blindfold and a last cigarette, as I’ve noted here before, in connection with GM and...
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- Aptera EV Shakeup and Delays Linked to Financial Problems
- Indian EV Maker Reva Makes Bid for World Dominance (Starting With Iceland)
- Troubled GMAC Is Making It Look Easy For Rival Ford Credit
- Ford Bets Small-Vehicle Trend Is Here to Stay
- Nissan's Carlos Tavares on Launching the Leaf and Electrifying the World
- Daimler's Dieter Zetsche: For Us, Small Cars; For Chrysler, More SUVs
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- Nissan Introduces the Leaf EV in Los Angeles
- Ford Has Volvo On the Block, But the Safety Hits Keep Coming
- Chrysler: Recovery and Green Plans Still a Bit Murky
- Batteries vs. Fuel Cells: A Tale of Unequal Federal Funding
- Ultracapacitors: Maybe Not Miracle Workers, but Great EV Power Potential
- Fiat Plan for Chrysler is One Letter Away from
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- It's Getting Hot in Here: The High-Stakes Debate Over Fuel Economy and Climate Standards
- Consumer Reports Gives Nod to Ford Reliability
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- VW's Sports Marketing: Targeted, Focused and Relentless
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- Siemens Builds Electric Bike for American Chopper TV Show
- General Motors CEO Front and Center in New PR Campaign
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Everyone has their eyes on the automotive industry lately. BNET Automotive gathers and supplies daily industry trends and news coverage with specific insights for managers and executives, focusing on the major auto companies and parts manufacturers. In addition to detailed auto company trends and profiles, we report on new alliances and partnerships, new models, mergers and acquisitions, labor management, auto unions, investments, and other key issues related to this sector of business.