Economy

Trends: Fewer Teens Buying Cars, Younger Motorists Driving Less
Trends: Fewer Teens Buying Cars, Younger Motorists Driving Less

It's the peak of summer-job season. And while in the past savings from teens' summer jobs used to often go towards buying a first used car, today it's more likely to go be used for a smartphone, and young drivers are more likely to share the family car—a safer option, anyway—or stay out of the...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»

The Great Wall of China
Beijing Lowers The Great Wall, But Will Detroit Invade?

Over the weekend, China did something fairly extraordinary: the country's central bank allowed China's currency, the yuan, to increase in value against the U.S. dollar. That could open some important doors for Detroit automakers, who've all been working overtime to grab a slice of China's robust...Read More»

2011 Mercedes-Benz E-Class Cabrio
Mercedes-Benz Weathered Hard Times Better Than Other Lux Brands?

The housing bust and the recession have hit some areas of the country harder than others. And because some vehicles play better (or worse) in Peoria than in Parsippany or Portola Hills, it's affected the auto industry in some substantial ways. And Mercedes-Benz considers itself lucky to be strong...Read More»

GM Stock 6-27-08
Hyundai And Honda: Most Recession-Proof Automakers?

Auto sales rise and fall with the economy, right? Take just a quick look at what's happened to the auto market over the years, match it up with the general ups and downs of the economy—through major indicators like the stock market and unemployment—and you end up with a pretty good correlation...Read More»

Toyota Prius gas cap
Why A Gas Price Spike Could Hit Some States Harder Than Others

A surge to $4-a-gallon gas could affect drivers, and local economies, in much more severe ways in Mississippi or Louisiana than in New York or Connecticut. That's one of the results of a new analysis from the Natural Resources Defense Council (NRDC), which crunches the numbers to point out how much...Read More»

John Cusack in 'Say Anything' from 1989
Is Ford Trying To Tell Us Something?

The philosopher George Santayana once said, "Those who cannot remember the past are condemned to repeat it". Frankly, we're feeling a little déja vû. Twenty-one years ago, America was edging toward an economic downturn -- one that eventually spelled ruin for George H. W. Bush. Also: the Cold War...Read More»

Car Crusher by Flickr user wilkesjournal
U.S. Fleet Shrinks, As More Vehicles Go To The Crusher

For the first time since Word War II, the annual number of vehicles scrapped exceeded the number of new vehicles sold. That’s solemn news for the auto industry. U.S. vehicle sales had been in a sustained boom period of 15 to 17 million vehicles per year from 1994 through 2007. And the size of the...Read More»

2010 Audi A4
Audi Ups Advertising In Response To Crumbling Economy

In economic times like these, most companies are looking to trim expenses. Many start by scaling back their marketing budgets -- which, as anyone who's taken Marketing 101 can tell you, is a pretty bad idea. Audi, however, has gone in the other direction, with a 20% increase in advertising and...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»

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