Economic

China's Auto Market May Not Be As Strong As Everyone Thought
China's Auto Market May Not Be As Strong As Everyone Thought

Some pundits have predicted that China's auto market is unstoppable. To prove their point, they often point to the country's booming middle class, who aspire to own the same luxuries as their counterparts in the West. On the face of it, the numbers make sense. China is massive -- with nearly 1.4...Read More»

money
Fed Shutdown Slowed Auto Sales, Especially On The East Coast

People don't like buying cars during economic uncertainty—or when they're not getting a paycheck. Although we'd argue that it didn't take any massive number-crunching to estimate that consumer purchasing ground down to a slowdown during the 16-day federal partial shutdown, J.D. Power and...Read More»

2011 Chevrolet Volt during IIHS crash testing
CDC: Highway Fatalities Cost $41 Billion Annually

Road fatalities do more than take away loved ones, coworkers, and community members; they also leave an economic impact. For the first time, the Centers for Disease Control and Prevention (CDC) has released state-by-state fact sheets that highlight individual state costs due to motor-vehicle...Read More»

Gas pump
Analysts: Gas Prices Could Bring Economic Recovery To A Halt

Just when it looked like people were more willing to spend money again on non-essential items—and on more essential (but deferrable) purchases like new cars—rising prices at the pump could grind some aspects of economic recovery to a halt. After a major price spike in summer 2008, when...Read More»

Nielsen's top ten ad categories for the first half of 2010
Do They Know Something We Don't: Automakers, Auto Insurance Ad Spending Soars

During tough economic times, companies often cut back on marketing -- in fact, advertising budgets are frequently the first to shrink when danger looms and the last to expand once the coast clear. As a result, some analysts see ad spending as the equivalent of the canary in the mine shaft: a sign...Read More»

2011 Mercedes-Benz SL Class 2-door Roadster 5.5L V8 Front Exterior View
German Luxury Brands Are Putting On The Blitz

  The global economy is giving mixed signals right now. On the thumbs-down side, unstable unemployment numbers and see-saw stock markets. On the upside, job creation, the return of venture capital, and slowly increasing GDPs (at least in most parts of the world). In the auto industry, GM and...Read More»

Nissan President and Chief Executive Carlos Ghosn
Carlos Ghosn: Auto Sales Have Bottomed, Nowhere To Go But Up

Speaking at a World Economic Forum in New Delhi, Carlos Ghosn -- head of Nissan Motor Company and Renault SA -- had some interesting things to say about the global auto industry. Among the most notable and encouraging items, Ghosn believes that the international sales slump has ended and that the...Read More»

Akio Toyoda
Toyota Posts First Profit In Months, Lifts Sales Projections

Detroit's Big Three may have grabbed most of this week's headlines, but that doesn't mean that the rest of the world's automakers have been sitting on their hands. One story that isn't getting much play is the fact that Toyota Motor Company -- which posted its first-ever loss last fiscal year --...Read More»

Ford May Post Third-Quarter Profit Next Week

It's no secret that Ford Motor Company has withstood the current financial storm far better than Chrysler and General Motors. Between its refreshed reputation as a manufacturer of quality vehicles and the fact that Ford was the only Detroit automaker to dodge both bankruptcy and bailout dough, the...Read More»

Empty billboard
Automakers, Dealers Fuel Nationwide Plunge In Ad Revenue

Bean-counters have finally assessed advertising data from the first half of 2009, and to absolutely no one's surprise, it wasn't very good. And who shoulders a big chunk of the blame for this dismal state of affairs? The auto industry, of course. That's not entirely unfair. Auto ads generate a huge...Read More»

Toyota logo
Toyota Looking To Scale Back Production By 700,000 Or More

Toyota has temporarily pulled the plug on a production line in Japan in an effort to scale back global production by 700,000 vehicles, or 7% of the company's annual output of 10 million units. Other potential cuts include the off-mentioned shuttering of the NUMMI plant in California and a temporary...Read More»

Clunkers
BREAKING: House Adds $2 Billion To Cash-For-Clunkers, Senate Is Next

Well, that was quick. Just four days after the launch of the Car Allowance Rebate Systems (CARS) program, better known as "Cash for Clunkers," it appears that it may be suspended due to its own success. Apparently eager buyers have blown through the $1 billion allocation, and dealers are worrying...Read More»

Manhattan traffic, by Flickr ruser JamesH2008
Economics 101: How Driving Into Manhattan Costs $160

It's Friday, which is our day for more esoteric items. Today's offering: A dense economics blog post, which covers an even more frighteningly complex model for assessing the costs of traffic in New York City. The punch line: If you drive your car into Manhattan, adding to the traffic there causes...Read More»

'Biggest Bankruptcies in History' via GOOD and Always With Honor
Graphic: Biggest Bankruptcies In History

Lots of people are complaining about the General Motors bankruptcy--at least the part about the federal government's multi-billion-dollar involvement in it. As a matter of fact, chances are pretty good that you're among those doing the grumbling. If so, perhaps you'll take comfort in this graphic...Read More»

Rush Limbaugh
Rush Limbaugh To GM Workers: Drop Dead

Democracy and John Stuart Mill's marketplace of ideas are often shrill, and almost always messy, in practice. And clearly people of good faith--and the rest too--disagree on aspects of the Detroit bailouts put together by the Obama Administration. But now right-wing radio talk-show host Rush...Read More»

Jeep American Flag
'Buy American' Provision To Boost U.S. Development Of Electric Vehicles

You may recall that there's a mammoth bill on energy policy in the works, and that in addition to the fairly contentious regulations put forward in the American Clean Energy and Security Act, there's also a cash-for-clunkers amendment wrapped up in its tailpipe. Now, things have become slightly...Read More»

U.S. Senator Bob Corker (R-TN)
Senator Bob Corker Moves To Protect Disenfranchised Dealers

You might remember U.S. Senator Bob Corker (R-TN) from such hits as "The 2009 Auto Show tour" and "Don't close my GM plant!" Well, now the man who's had it in for Detroit is working on legislation to help dealers who've been cut by Chrysler and General Motors. In a nutshell, Corker's legislation...Read More»

Money, money, money
Feds Launch $7 Million Program To Retrain Laid-Off Autoworkers

Even with billions in government funds rushing toward Chrysler and GM, it's clear that America's automakers aren't going to have the huge employee bases they once had--at least, not for a good long while. To help the thousands of autoworkers who've lost their jobs as a result of the economic...Read More»

Audi A4 fueled by biogas
Link Love From The Car Connection: Audi Outraces Bugatti, Cash-For-Clunkers Rears Its Head, And A Look Back At The Top 50 Car Ads

♦  GM goes bankrupt, Susan Boyle loses a talent show, and a biogas-huffing Audi A4 (to your left) outraces a Bugatti? The 21st century is a strange and scary place. [Wired] ♦  Even the New York Times has gotten a little weepy over General Motors' fate. Check out their slideshow of...Read More»

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