recession

Bentley Motors Builds 47th U.S. Dealership In Austin, Texas
Bentley Motors Builds 47th U.S. Dealership In Austin, Texas

Today Bentley Motors announces its 47th U.S. dealership and its third in Texas. Bentley Austin, which will ultimately provide both sales and service in the hill country of Austin, Tex., is set to open its doors onto Research Boulevard in early April. It will be owned and operated by John Eagle...Read More»

Axle assembly
U.S. Treasury Department Extends $5 Billion To Parts Suppliers

Many are viewing the Treasury Deparment's $5 billion in aid for the auto parts supplier industry a signal that more aid - and no bankruptcy filings - are sure to follow for GM and Chrysler. Yesterday's announcement of parts supplier aid comes not much before the autos task force's decision (due...Read More»

2009 Subaru Forester
Subaru Sales Continue Climb; Company Promotes Doll

Last week VW promoted Barbie's 50th anniversary with its proud, pink, special edition Malibu Barbie New Beetle Convertible. Subaru's promoting a doll, too...executive Thomas Doll. He's not quite the looker that Barbie is, but then again he appears to be less freakishly proportioned and has...Read More»

Rick Wagoner 2007 Geneva
GM CEO Rick Wagoner Claims Bankruptcy = Liquidation

First GM was anti-bankruptcy because they said it would tarnish their image beyond repair. But this morning at a breakfast in D.C., CEO Rick Wagoner sounded the full Chapter 7 alarm. He claimed that filing for Chapter 11 bankruptcy protection would ultimately push the auto giant into liquidation...Read More»

Mercedes G-wagen stuck in mud
Infiniti, Mercedes, and Lexus Lean On Incentives To Move Sales

Even luxury auto brands who once scoffed at the domestics' unseemly hood-slammin', dollar-dealin' pleas are now leaning on big incentives in hopes of reducing swelling inventories. Mercedes incentives averaged $4,185 this February according to Edmunds, an amount nearly double the brand's amount...Read More»

Car Carrier
Nebraska Dealer, Employees Steal 81 Cars, Face Felony Charges

These are the times that try mens'...criminal records. Police arrested Nebraska auto dealer Allen Patch, and employee Rachel Fait, on Wednesday in Utah. The two, plus manager Rick Covello (who turned himself in to authorities today), face felony charges for the theft of 81 vehicles from their...Read More»

Barack Obama
Obama Task Force Balances Urgency, Deliberation with Detroit

The Obama administration's auto task force characterized yesterday's two-hour meeting between UAW union leaders, visit to GM's Technical Center, and tour of Dodge Ram assembly plant as "successful." But while the meeting itself may have increased understanding and communication between government...Read More»

Car fire
Buick-Pontiac-Jeep Dealer Torches Vehicles, Dies of Heart Attack

Last week, Pennsylvania police reported that Gregory Graham was found dead on the tarmac next to four torched cars at his dealership, Colonial Motors. Police ruled the 61-year-old's cause of death was a heart attack and found that the flaming vehicles had broken windows and reeked of gasoline. They...Read More»

2010 Opel Insignia
Buick Uses Opel Insignia To Resurrect Regal for 2010

So says a "source familiar with GM's product plans," Buick will sell a version of Europe's Opel Insignia to resurrect the Regal nameplate for 2010. But isn't GM trying to spin much of Opel off to private investors as even foreign arms of the giant's sprawling operations face debilitating financial...Read More»

Chrysler and Fiat logos
Fiat CEO Wants To 'Repay Every Single Dollar Of Taxpayer Funding'

So is it going to be Italy to the rescue of the American taxpayer? Fiat CEO Sergio Marchionne is still courting Chrysler, and he assured the U.S. auto task force yesterday that if the proposed Fiat/Chrysler alliance goes through, no U.S. taxpayer money used to help Chrysler will ever find its way...Read More»

Saturn Homecoming
'A Few' Interested Saturn Buyers Despite Dismal Feb. Sales - ?

Is it just PR posturing, or is GM's claim of "a few" potential buyers for its Saturn brand the gospel truth? Spokesman Steve Janisse claims claims no knowledge of whether the potential buyers are auto companies or not...and if his head is in the sand, it doesn't really inspire much confidence now...Read More»

2009 Dodge Ram
HEMI V-8 A No-Cost Option For Dodge Ram In March

Even cash-strapped buyers of the new Dodge Ram won't be heard muttering, "I coulda hada V-8." The Dodge boys are slammin' hoods and makin' deals; March is "Dodge truck month" and you can order a variable-valve timed, happily burbling HEMI for no extra cost in the Dodge Ram 1500. The free HEMI is a...Read More»

Opel Logo
GM Wants $4.2 Billion European Aid For Opel Restructuring

Today GM of Europe announced a restructuring plan that would spin Opel off into a separate business unit to save "as many jobs and factories as possible" according to Automotive News. But GM can't do it alone; they claim to need 3.3 billion euros in state aid (approximately $4.18 billion). This in...Read More»

car on fire
Berlin Set Ablaze By BMW (Literally)

Tempers aren't the only things flaring in Berlin these days: luxury vehicles are also going up in smoke by the dozens. The cause? Arson, presumably instigated by the disenfranchised and the young, who aren't faring so well in today's economic climate. Although things are pretty rough here in the...Read More»

GM Protest
GM Woes = Opel Angst As German Workers Protest

Proving that GM's problems are far from contained to its U.S. operations, thousands of GM factory workers protested today outside the Adam Opel AG plant in Ruesselsheim, Germany. They demonstrated in hopes of saving their jobs, and elsewhere in Europe factory workers affected by threatened GM plant...Read More»

Hummer H2 Ditched
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»

2011 Chevrolet Cruze
Chevrolet Cruze And Volt 'Family 0' engines Share Space

Yesterday General Motors announced that despite massive cutbacks, it will still be investing $250 million to make the 1.4-liter four-cylinder engine that will power (or help power) the 2011 Chevrolet Volt and 2011 Chevrolet Cruze. The catch: no new plant or production facility space will be...Read More»

2009 Saab 9-3 Convertible 2.0T
Saab's Bankruptcy Surprise: GM Scrambles

GM received another shock to its shaky operations last week when Saab suddenly and decisively filed for bankruptcy. Dealers were quickly invited to a phone-in conference, but reported that GM had only "sketchy" details and seemed to be working through the options and details - awkwardly - in real...Read More»

gas-tax
Transportation Secretary LaHood Mulling Tax On Miles Driven

Obama's new Transportation Secretary, Republican Ray LaHood, is eying a tax based on miles driven as opposed to fuel consumed. Why the potential switch? America's relatively low gasoline taxes just can't cut it when it comes to Federal funding for upkeep of American roadways and transportation...Read More»

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