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Even with high gasoline prices, U.S. consumers still want high-quality vehicles that haul a lot of people and perform well, and that is forcing automakers to make radical changes in the way they manufacture vehicles, panelists at an industry conference said Monday. ...more
August 12, 2008
General Motors, Ford, Toyota and other automakers said Friday that their U.S. sales fell by double-digits in July as they struggled to keep up with consumers' growing demand for smaller, more fuel-efficient vehicles. ...more
August 2, 2008
General Motors Corp. has told dealers it will continue to offer leasing incentives in August, while GM and other automakers continue to scrutinize their leasing practices in light of steep drops in used car values. ...more
July 31, 2008
As the purchase of XM Satellite Radio by larger rival Sirius Satellite Radio Inc. closed Tuesday, questions remained over whether the combined company can handle its $3.4 billion in debt, including $1.1 billion due next year. ...more
July 30, 2008
Bleeding cash and with its very survival uncertain, Ford Motor Co., an icon of American automaking, will try to import some of its success from across the Atlantic. ...more
July 25, 2008
As much as a lot of people will choke just hearing this, President Jimmy Carter was right. His energy policy, if it had been continued, would have had this country oil independent today. But leaders who followed him in the Oval Office didn't have the courage or political will to make it happen. ...more
July 18, 2008
Chip Ganassi shocked the NASCAR industry when he shut down Dario Franchitti's unsponsored race team, putting last year's IndyCar Series champion and 71 other employees out of work. That it happened to Ganassi, a multi-car owner who six weeks ago won the Indianapolis 500, was a wake-up call to every team owner not named Childress, Gibbs, Hendrick or Roush. ...more
July 16, 2008
All those job cuts at automakers, newspapers and even Starbucks are hard to stomach. But in a roundabout way, they may actually help the economy a bit. ...more
July 4, 2008
Faced with a continuing plunge in pickup and sport utility vehicle sales, Ford Motor Co. on Friday tried to deal with the mess by delaying production of the new F-150 pickup and announcing further factory cuts. ...more
June 21, 2008
Battered by a slumping North American auto market and unfavorable currency swings, Toyota is forecasting a double barrel of bad news this fiscal year: its first year-on-year sales slide in nine years and first profit slip in seven years. ...more
May 9, 2008
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