Car Sales Hard Day At 25-Year Low: Can New President Help? Auto makers have just reported their ‘08 October Sales and they weren’t good.
In fact, the New York Times writes, “Sales of new cars and trucks in the United States plummeted in October to levels not seen in the auto industry in 25 years,” and [...]
Gas Prices At 2 Year Lowest: How Long Will It Last? New vehicle sales aren’t the only thing plummeting these days. So are gas prices…
Gas Prices Found Below $2.00
According to the Boston Globe, “U.S. retail gasoline prices declined in the latest week…making prices at the pump on the eve of the presidential election the lowest [...]
Opec organizes conference to discuss cut in output as oil price hits the lowest level. News detailed as follows: Oil prices plunged below $85 a barrel yesterday, the lowest level in a year, as Opec, the oil exporting countries’ cartel, called an emergency meeting to discuss reducing its crude production to halt the collapse in [...]
General Motors needs cash to acquire Chrysler, Analysts Indicates. News from DETROIT, details: For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.
With both automakers struggling to survive amid slumping sales, a [...]
Ford Motor May Sell Mazda Controlling Stake After Almost Three Decades as Investor. News on Oct. 12 (Bloomberg) — Ford Motor Co., after almost three decades as an investor in Japan’s Mazda Motor Corp., is considering selling its controlling stake, a person familiar with the deliberations said.
A sale of the one-third holding in Mazda isn’t [...]
General Motors Don’t Believe in Auto-asphyxiation While Dow Jones Industrial Average Trading at a Hair. OK. The news details are as follows: The Dow Jones Industrial Average was trading at a hair above 200 points, the Soviets had just declared themselves a nuclear power and the US population was half of today’s level. Much has [...]
Chrysler yesterday sued Getrag in Michigan, alleging that the German supplier failed to raise up to $300 million in debt financing necessary to build and equip a plant in Tipton, Ind., to produce the transmissions.
Chrysler LLC’s source of dual-clutch transmissions in the United States is jeopardized by a factory-building dispute with supplier Getrag Transmission Manufacturing [...]
PARIS, Volvo to introduce diesel hybrid by 2012 while start-stop technology will arrive in 2009 –Volvo Car Corp. will introduce a diesel hybrid in 2012 if not sooner, while start-stop technology will arrive in 2009, company executives said here at the auto show.
The hybrids will be sold in Europe and the United States.
The start-stop technology, [...]
All-New Mazda3 Sedan to Debut at 2008 Los Angeles Auto Show. The all new Mazda3 sedan breaks cover early. An updated tail compliments the Mazda3’s new front clip.
The all new Mazda3 sedan breaks cover early. An updated tail compliments the Mazda3’s new front clip.
With Mazda’s redesigned Mazda6 sedan completed and on showroom floors, the automaker [...]
Auto Industry News Hiroshima, Oct 08, 2008 – Brand-New Mazda3 Sedan to Be Present at 2008 Los Angeles Auto Show. Mazda Motor Corporation has confirmed that the sedan version of the all-new Mazda3 (known as Mazda Axela in Japan), fully redesigned for the first time in 5 years, will be revealed at the Los Angeles [...]