For the first time ever, auto sales in the slumping U.S. market fell below China in January, according to General Motors. “For the first time in history, China passed the U.S.,” said Mike DiGiovanni, GM executive director of global and market industry analysis. U.S. auto sales in January were only 656,976, according to AutoData Corp. That corresponds to a seasonally adjusted annual...
Auto Industry Archive
February 2009
GMAC Financial Services today posted net income of about $7.5 billion for the fourth quarter of 2008, versus a net loss of $724 million a year ago. That’s misleading, since the big fourth-quarter profit includes a one-time gain of $11.4 billion, from a deal where GMAC swapped its existing bonds for new bonds of lesser value or cash, in a bid to avoid a potential bankruptcy filing. In...
The Federal Reserve may provide some additional, critically needed aid for auto lenders starting this month, from the so-called Term Asset-Backed Securities Loan Facility, or TALF. The U.S. Treasury already provided Chrysler and GM with a total of $17.4 billion in loans and investments from the TARP, or Troubled Asset Relief Program, plus a combined $7.5 billion for Chrysler Financial and GMAC...
- BMW Says Flexible, Not Lean, Is The Next Big Thing in Autos
- GM May Close Saab After Buyer Backs Out
- VW's Sports Marketing: Targeted, Focused and Relentless
- Ford Set to Regain U.S. Market Share First Time Since 1995
- Air Cars Have Major Range and Emission Challenges, Says Two New Studies
- GM Chairman Whitacre Has Angel in One Ear, Devil in the Other
- 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
- GM Repays U.S. Early, In Part By Charging Us More
- Nissan Introduces the Leaf EV in Los Angeles
- Ford Has Volvo On the Block, But the Safety Hits Keep Coming
- 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
- A Business Case for Battery Cars? Look at Tesla
- It's Getting Hot in Here: The High-Stakes Debate Over Fuel Economy and Climate Standards
- Consumer Reports Gives Nod to Ford Reliability
- Speed Bumps Generate Electricity--and Cash
- 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
- Lithium-Ion Batteries Could be Too Expensive, MIT Team Says
- Ford Bandwagon Rolling But It's Too Soon to Hop On
- Ford Taurus Comeback Is Off to a Modest Start
- Women Car Buyers Still Met With Dealer Disrespect
- Ford Readies EV Fleets, Prepares to Connect to the Smart Grid
- Indian EV Maker Reva Makes Bid for World Dominance (Starting With Iceland)
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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.