recession

Chrysler Cuts Clocks, Snowplows, Turns Down Thermostats
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 hallways from 72 to 68 degrees Fahrenheit at its Auburn Hills headquarters. They're also removing most wall-mounted clocks...Read More»

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 that is probably not going to be the outcome." The rather wordy Lutz (he's sounded off a bit lately, given his job title...Read More»

2010 Honda Insight
Honda Insight Generates Swift Demand In Japan

Honda's timing for the re-introduction of its Insight nameplate couldn't come at a better time for the Japanese and American auto markets; both are experiencing historic lows and hemorrhaging profit. We reported that the Insight will sell in Japan at just under 2 million yen, a bit of a magic...Read More»

1976 Lincoln Mark IV Emilio Pucci Designer Edition
Detroit Forced To Ditch Excessive Trims, Packages, Options

Buyers of Big Three cars will soon be constrained to mainly trim packages (I.e. Honda's DX, LX, and EX) as opposed to picking and choosing from a litany of individual options. A part of the domestic automakers' desperate scramble to build vehicles in more efficient ways, it's surprising they've...Read More»

2009 Saturn Astra 5dr HB XR Angular Rear Exterior View
Saturn Could Be Back on Auction Block As GM Preps For Viability Plan

Saturn to GM: "Do you love me, do you love me not?" Most recently, we reported that GM was promising to keep the brand in the fold through 2012. Then we found out that there would be no 2009 Saturn Astras due to the glut of '08s languishing on dealer lots. Looks like GM has changed its mind once...Read More»

2009 Dodge Viper SRT10
Three Suitors For Dodge Viper

Niche cars and roadsters are a tough sell in this market - especially niche roadsters with honking pushrod 8.4-liter V-10s. Chrysler reports it is performing due diligence on three offers for its Dodge Viper, but has revealed neither details nor the identity of those making offers. Recently, the...Read More»

2009 Hyundai Sonata GLS
Hyundai, Kia Post Surprising January Sales Increase

Hyundai posted the highest U.S. auto sales increase for January of 2009. Selling 24,512 vehicles last month brought them a 14.3 percent increase in sales over their results for January of 2008. Corporate sibling Kia also did well, with an increase of 3.5 percent for January. The automaker credits...Read More»

Smoldering Impala
January Auto Sales Portend A Glum '09

Well, folks, here are the numbers to show you just how bad U.S. auto sales are tanking. From a sobering 55 percent decrease at Chrysler LLC to a surprising eight percent increase at Subaru, we've listed below all the companies who have reported January sales from worst to best. All sales were in...Read More»

mustang_crash.jpg
Honda Profits Nosedive 90 Percent

So you've heard of huge profit falloffs in the twentieth, the thirtieth, even the fourtieth percentiles...how does a 90 percent drop in profit strike you? Kind of puts fear into the heart, as it has for Honda execs who have slash-and-burned their entire yearly forecasts based on a 90 percent drop...Read More»

Porsche Carrera GT Lock Nut
Porsche Reports 14 Percent Sales Drop

Judging from preliminary results, Porsche reported at its annual general meeting that sales fell to about $3.9 billion for the first half of its fiscal year beginning August 1, a 14 percent decline from that period one year ago. Judged by sales volume, the decline represents a 27 percent drop to...Read More»

Fiat logo
Italian Government Granting Fiat, Unions Assistance in 10 Days

We previously reported Fiat and Italian labor unions' warnings that without aid from the Italian government, up to 60,000 jobs are in jeopardy. Today the Italian government announces it will unveil a collection of measures in ten days to assist Italy's largest automaker as well as auto parts makers...Read More»

2008 Honda Accord Sedan 4-door I4 Auto EX-L Mirror
China Helps Honda To New Sales Record; Russia Does Same For VW

Honda and Volkswsagen are two notable auto manufacturers with far-flung markets that are helping them weather - and thrive despite - the tough sales downturn. Honda's sales in China, up 11.7 percent for 2008 due to strong sales of its Accord and CR-V, actually helped it post record high global...Read More»

2009 Saturn Astra XR
Saturn Astra Departs for '09

Saturn may be soldiering on, but today we learned that it will be doing so without the Opel-based Astra hatchback for 2009, which comes in three- and five-door flavors. Apparently, Astras are clogging up Saturn dealer lots, and GM has decided to sell off '08 inventory rather than persist with an...Read More»

2008 Saturn VUE Green Line
Saturn's Rings Stretch To 2012

Regardless of whether Saturn is 'A Different Kind of Company, A Different Kind Of Car,' or simply re-badged Opels and Chevys, GM has extended the division's lease on life until 2012. We've reported that Saturn is one of the brands GM has strongly considered killing as it tries desperately to...Read More»

Cal Worthington
GO SEE CAL! (please?)

Auto sales are so dismal that even the great cowboy of car sales Cal Worthington ("Go See Cal!") is scared. Worthington, well into his 80s, built one of the biggest Ford dealership networks in the country and still flies to check up on his dealerships in a Lear Jet. Worthington soberly told...Read More»

2009 Cadillac XLR
Roadster Redux: GM Kills Cadillac XLR

Yesterday we reported that the Honda S2000's days are numbered. In yet more bad news for wind-in-the-hair fans, Cadillac announces a Spring departure for its XLR roadster. XLR sales dropped 28 percent for 2008, bringing a total of only 1,250 units last year. The XLR is built at GM's Bowling Green...Read More»

2008 Fiat 500
Chrysler/Fiat Union Could Result In Seven New Vehicles For U.S.

Yesterday the Free Press confirmed that that Chrysler/Fiat marriage might result in seven new vehicles for North America. A Free Press source close to the negotiations said that four vehicles would be sold under Pentastar brands and the remaining three would be sold as Fiats or Alfa Romeos. Four...Read More»

Fiat logo
Fiat, Italian Labor Unions Ask Italy For Help

Fiat and Italian labor unions report the loss of up to 60,000 jobs unless the government steps in to provide relief. The cause - of course - is the dismal global economy, causing what Nissan's Carlos Ghosn termed a "slump" for the entire auto industry. The Italian government in Rome claims that it...Read More»

Bear Slump
Nissan's Ghosn Says Worldwide Auto Market In A 'Slump'

Nissan Motor Co.'s CEO and talented visionary, Carlos Ghosn, weighed in at the Global Competitiveness Forum in Riyadh, Saudi Arabia: "for the next couple of years, you're going to have practically all car manufacturers in a defensive mode, which means reducing their inventory, reducing their...Read More»

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