recession

Chrysler Announces 'Employee Pricing Plus Plus' for Everyone
Chrysler Announces 'Employee Pricing Plus Plus' for Everyone

Well, it looks like the U.S. Treasury's generous $1.5 billion infusion (last Friday) into Chrysler Financial is trickling down to your local Pentastar dealer. Harking back to the gonzo car dealers who warbled catchy phrases while slamming their fists atop hoods, Chrysler today stammers the arrival...Read More»

2009 Mitsubishi Eclipse GS
VW, BMW, Mitsubishi Cut Production And Hours At Factories

Joining the growing list of automakers forced to scale back in response to a dismal market, Volkswagen AG, BMW AG, and Mitsubishi Motors Corp. are taking measures to reduce the cost of their operations. Volkswagen is responding by trimming hours for five days at the close of February. Roughly 2/3s...Read More»

2005 Lotus Elise
Fortunes Brighten For Tesla, Fisker, If Temporarily

The two U.S. electric vehicle startups that have drawn the most attention - Tesla and Fisker - stole quite a bit of attention at Detroit's Auto Show. They can thank Nissan, who pulled completely out of the show in attempts to save money, and Honda, who canceled a press briefing for its U.S. model...Read More»

2008 Toyota iQ
Toyota Names New President To Lead Through Turbulent Times

For the first time in 14 years, a Toyoda family member will lead the company as its President. And Akio Toyoda has an undoubtedly big challenge on his plate, that of leading the company back to profitability and stability in a horrific market that has seen even its considerable lineup of frugal...Read More»

wald black bison mercedes r class 001
GM, Chrysler Pull Out Of Tokyo Auto Show

"That's money better spent elsewhere," said GM's Rick Brown in Automotive News, referring to the $2 million price tag for GM's participation in the 2007 Tokyo Auto Show. Brown told Automotive News today that it was strictly a business decision not to participate in this year's Tokyo Motor Show...Read More»

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