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AutoIndustry
As the Auto Industry Sputters, Is Car Culture Dying?
By Delia Lloyd - Politics DailySeveral trends point to the beginning of the end of car culture in the United States. But are Americans seriously ready to embrace alternatives to automobiles? It's been a bad few years for cars in America. First, there was the auto industry bailout to the tune of $110 billion. Then, two of the three big carmakers -- GM and Chrysler -- went through bankruptcy. Finally, just when we thought that the future lay in turning Japanese, even the beloved Prius went off the road (literally) and Toyota has recalled nearly 9 million of its vehicles in the last few months. ...
GM to Revive Bulk of Dealerships Slated to Close
By not in system - AOL News(March 6) - Sometimes little guys do come out ahead -- that is, if you consider car dealers "little guys." General Motors said Friday it plans to revive some 600 dealerships the Detroit auto giant had planned to drop from its network. That's more than half of the more than 1,100 dealerships that filed arbitration claims last year to keep their doors open. ...
Toyota's Problems Could Be Suppliers' Problems
By Kimberly Johnson - AOL News(Feb. 15) – They don't make Toyotas. But they make the parts that make Toyotas run. And in cities like Elkhart, Ind., and Orangeburg, S.C., factory workers and other employees could be severely affected by the Japanese automaker's massive recalls of about 8 million passenger vehicles. "I think any of us who are suppliers for Toyota, it has opened our eyes even further," said Stephen Hudson, human resources manager for Koyo Corp. USA, a ball-bearings manufacturer in Orangeburg. "It's all of our problems now," he said. All as in all of the more than 2,000 auto suppliers in the United ...
Ford Earns First Annual Profit in Four Years
By Christopher Weber - Politics DailyFord announced it earned $2.7 billion last year, its first annual profit in four years, and the automaker said it expects to be profitable again in 2010. "While we still face significant business environment challenges ahead, 2009 was a pivotal year for Ford," CEO Alan Mulally said in a statement Thursday. Ford had previously said it didn't expect to be "solidly profitable" until 2011. Ford arrived in the red thanks to broad cost-cutting, a $696 million profit in its credit arm, and growing sales of cars and trucks like the Fusion sedan and Escape SUV, the Associated Press reported. Despite ...
Opinion: A Practical Guide to the Next Decade
By David Fagin - AOL News(Dec. 31) – So, we've said our goodbyes to the first decade of the 21st century. One that fell far short of almost everyone's predictions. Instead of peace, prosperity and flying cars, we have two wars, a global economy in tatters and cars that not only can't fly, but can't run on wind power, either. Perhaps the main reason we've failed to achieve these goals is that we set our sights too high. However, we never quit. So, in keeping with our interminable spirit, I've put together a list of things we'd all like to see happen in the next 10 years, along with a list of what we can more ...
Old Truck for New Truck the Most Common Cash-for-Clunker Trade
By Christopher Weber - Politics DailyOf the thousands of Americans who took advantage of the government's $3 billion Cash for Clunkers program, most reportedly replaced old pickup trucks with new ones. A high percentage of the new trucks purchased in the program, designed to put more fuel-efficient cars on the road, get "only marginally better gas mileage" than the ones they replaced, according to an Associated Press analysis. The report looked at sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships. More than 8,200 buyers traded in an old Ford F150 pickup for a newer version of the same model, making it ...
'Cash for Clunkers' Back on the Road with Senate's $2 Billion
By Patricia Murphy - Politics DailyThe Senate, by a 60-37 vote, passed a measure Thursday to add another $2 billion to the popular gas guzzler trade-in program, "cash for clunkers." Because 60 votes were needed to pass the bill, Senate Majority Leader Harry Reid (D-Nev.) said earlier that he was not certain it would survive, "because nothing is ever certain in the Senate." Congress originally passed cash for clunkers this summer. Owners of older gas guzzlers can receive up to $4,500 toward the purchase of a new, more fuel-efficient vehicle. After word came last week that the clunkers program had nearly run through its $1 ...
Memo to GM: Give Young Car Buyers What They Want
By Michael Roberts - Politics DailyWhat kinds of cars do young people buy? Hondas, Volkswagens, Scions, Toyotas, and even Minis may come to mind. GM brands probably don't. ...
Liberals, Get Patriotic and Ditch the Volvo
By Jill Lawrence - Politics DailyIt looks like we'll have domestic car companies to kick around for a while longer. So here's a modest proposal for liberal Democrats: At least think about buying American. ...
Auto Industry Bailout Battle Brewing on Hill
By Mark Impomeni - Politics DailyPresident-elect Barack Obama and his Democratic allies on Capitol Hill are gettng set for a lame duck battle with House and Senate Republicans and the Bush Administration over a proposed $25 billion bailout of the American auto industry. Democrats and Obama want to extend a second bailout, on top of $25 billion in loans already authorized earlier this year, to the troubled automakers in hopes of preventing the collapse of one or more of Detroit's big three. Republicans are convened by the rapid increase of federal spending, even before Obama and the new Congress take charge in Washington, and ...
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