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GM: $30.9B Losses in 2008

GM: $30.9B Losses in 2008

Not only is GM off its game, it's off the charts in fiscal losses. A gut-wrenching $30.9 billion is the final number for its 2008 losses now that the miserable fourth quarter tally is in. Fourth quarter losses in '08 - $9.6 billion - were nearly six times that of the giant's losses for the same... read more

February 26, 2009 by  - 8
 
Citroën Karin Concept from 1980

Link Love From The Car Connection: Lost Citroën Concepts, Blinged Rolls Royces, And Chances Are, You Hate Detroit

Just as Eskimos have dozens of words for "snow", we have scores for "Thursday". Our favorites? "Slack-off Day" and "Last Chance to See Straight Before the Big Hangover"... read more February 19, 2009 by 


 
2011 Cadillac CTS Coupe

Restructuring Plans: Caddies, 300s, And Grand Cherokees, Oh My

If you've got nothing better to do on a Wednesday morning, we highly recommend you flip through the restructuring plans Chrysler and GM submitted yesterday. (And really, what... read more February 18, 2009 by  5


 
BMW R7 concept from 1934

Link Love From The Car Connection: Vintage BMW Concepts, Chrysler's Hot Secrets, And You People Aren't Kinky Enough

It's Wednesday, so relax: you're halfway there. A new Bug -- After Romanian designer Iulian Bumbu polished off the Transportation Design Master Course at Alfa Romeo, he began... read more February 18, 2009 by 


 
photo credit: amchu

Chrysler Cuts Clocks, Snowplows, Turns Down Thermostats

Taking a line from former president Jimmy Carter's admonitions to the American people during the energy crisis of the late 70s, Chrysler is turning its thermostats down in... read more February 17, 2009 by 


 
Art car madness

Link Love From The Car Connection: Hot Art Cars, Lame Holograms, And The iChange Did It

Welcome to Tuesday, ladies and gents. With the industry hearings in D.C., it's bound to be a very busy day, but here are a few lighthearted links to distract you from all the... read more February 17, 2009 by 


 
Saturn Logo

GM Pares Divisions; Saturn On The Way Out

"My personal favorite would be to see Saturn survive and prosper," said GM vice chairman and car guru Bob Lutz, speaking to Automotive News. "But frankly, the reality is that... read more February 16, 2009 by  6


 
Nicholas II as The Car Czar

Obama Overthrows Car Czar

All that talk and speculation about who will or won't be named Car Czar has apparently been for naught: senior officials in the Obama administration announced today that the... read more February 16, 2009 by  1


 
GM Logo

GM Announces Pay Cuts And 10,000 Layoffs For Salaried Workforce

Surely everyone saw this coming: GM just announced that it's cutting 10,000 salaried jobs from its global workforce by the end of 2009. But wait, there's more: the company is... read more February 10, 2009 by  6


 
1976 Chrysler Cordoba Sport Coupe

Cash For Clunkers Part Deux: Yield Cordoba, Get 10K From Uncle Sam

Richard Read just reported that the Senate passed car buyer-friendy legistlation yesterday, aimed at easing the financial burden of getting into a new car. Well, if Michigan... read more February 5, 2009 by  8


 
U.S. Capitol

Congress Wants To Put YOU Behind The Wheel Of A New Car

Yesterday, with a vote of 71-26, the U.S. Senate passed new legislation allowing new car buyers to deduct auto taxes and interest on car loans on their federal tax returns... read more February 5, 2009 by 


 
Mission One by Yves Behar

Link Love From The Car Connection: Fastest Electric Motorcycle, Lambos On Fire, Esurance Remains Highly Annoying

The week's almost over. Here's some link love to make Thursday go down easier. Dude, NOT COOL: Over in Brussels, a couple of teens torched a perfectly good Lamborghini... read more February 5, 2009 by 


 
dg009 003cl

Chrysler, GM Offer Buyouts; Chrysler's Package Bigger

Chrysler and GM are working hard to get their business plans in shape by February 17: that's when they have to return to D.C. and speak to all those terribly nice senators... read more February 3, 2009 by 


 
Chrysler pentastar

Chrysler Getting Whipped, Possibly Into Shape

If you were to rank the basic rules of PR, somewhere in the top ten you'd find this: "Always keep yourself in the public eye." Pretty obvious, right? But what happens when... read more January 30, 2009 by 


 
money

Ford Posts Record Loss But Still Isn't Running On Empty

Like many automakers, Ford hit the skids last year. Also like many automakers, Ford's 2008 losses were legendary: the company closed out the year a whopping $14.6 billion... read more January 29, 2009 by 


 
The talented cast of Bob and Carol and Ted and Alice

Chrysler Looking For A 'Safety Date'

Chrysler is kind of like that guy in romantic comedies--you know, the one who schedules two dates in the same night, often with hilarious results? Except this time, the... read more January 28, 2009 by 


 
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