auto industry

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Want to Save Detroit? End the Iraq War
Want to Save Detroit?
End the Iraq War
OPINION
Nov 26, 2008 11:30 AM CST

Want to Save Detroit? End the Iraq War

People are dying, and more importantly, money is being lost

(Newser) - You don’t hear much about the Iraq war these days, though the US death toll hit 4,205 on Monday. If human life isn't a convincing enough reason to bow out, writes Roger Simon in Politico, then here's one that "really is upsetting people these days: money."...

Ford Tops Safe Car List
 Ford Tops Safe Car List 
Nov 25, 2008 11:36 AM CST

Ford Tops Safe Car List

With help from Volvo, firm leads with 16 vehicles

(Newser) - The insurance industry named dozens of new cars and trucks, led by Ford and its Volvo subsidiary, to its annual list of the safest vehicles today. Ford and Volvo saw 16 of their 2009 vehicles make the list; Honda followed with 13. Some 72 vehicles received the top safety pick...

Green Auto Industry at Odds With a Viable One

Car companies lose money for years on new technologies

(Newser) - Critics of Detroit complain that the stubborn Big Three are dying because they won’t make the energy-efficient cars people want. But it can take years for a new hybrid or plug-in model to become profitable, putting lawmakers' vision of a green auto industry at odds with their desire for...

Tough Love Only Option as Detroit Loses Friends
Tough Love Only Option as Detroit Loses Friends
OPINION
Nov 25, 2008 6:14 AM CST

Tough Love Only Option as Detroit Loses Friends

Fading support on both sides of party divide leaving Big Three in the slow lane

(Newser) - The retooling of America's political landscape has left Detroit painfully short on friends and settling for "tough love"—or no love at all—these days, Gerald F. Seib writes in the Wall Street Journal. Foreign automakers building plants in red states have become cozy with GOP lawmakers, while...

Crunch Puts Crimp in Luxury Ad Sales
Crunch Puts Crimp in Luxury Ad Sales
Nov 24, 2008 12:45 PM CST

Crunch Puts Crimp in Luxury Ad Sales

As consumers budget, luxury brands slash promotional spending

(Newser) - The echoes of the economic crisis continue to reverberate, with luxury brands trimming spending on newspaper and magazine ads as their target audiences cut back, reports the New York Times. Display advertising was already in decline, and spending on luxury items, which started softening in the spring, fell off a...

GM Needs a Hand From Unions, Lenders

Automaker scrambles to retrench ahead of Congress' deadline

(Newser) - General Motors is revving up its efforts to prove to Congress it can survive if it receives a multibillion-dollar federal loan, reports Bloomberg. The automaker is asking unions to ease work rules, attempting to reduce its debt load, and considering cutting brands from its lineup as it tries to stretch...

Bill Ford Driving a Green Future

Ford's chairman sees auto industry getting leaner and greener in recovery

(Newser) - While General Motors, Chrysler, and Congress are haggling over what strings to tie to a federal bailout, Ford chairman Bill Ford Jr is working behind the scenes to further his company's move toward greener, more fuel-efficient vehicles. The automaker, with enough cash on hand to get through 2009, isn’t...

Detroit Should Look at the History of Steel
Detroit Should Look at the History of Steel
Analysis
Nov 23, 2008 2:09 PM CST

Detroit Should Look at the History of Steel

Bankruptcy saved that industry, but auto isn't exactly the same

(Newser) - When the steel industry was floundering, many people thought the worst possible outcome would be to allow the big, old companies to go bankrupt. But it took that failure to pare down the industry to a workable size and inject new life into it, David Streitfeld writes in the New ...

'Public Sick of Partisanship': Lieberman
'Public Sick of Partisanship':
Lieberman
talk show roundup
Nov 23, 2008 12:00 PM CST

'Public Sick of Partisanship': Lieberman

Joe says Obama never called back; politicos talk bailouts on TV

(Newser) - Joe Lieberman told Meet the Press today that he regrets "some things I said in the heat of the campaign that I wish I'd said more clearly," and hopes Barack Obama will put, er, "country first" by leading in a bipartisan fashion. Lieberman said he called...

GM Shrinks Fleet of Corporate Jets
GM Shrinks
Fleet of Corporate Jets
Nov 21, 2008 1:38 PM CST

GM Shrinks Fleet of Corporate Jets

Automaker, pilloried on Capitol Hill, is retiring two of five planes

(Newser) - After facing turbulence on Capitol Hill over its corporate jets, General Motors is cutting two aircraft from the ranks, the Detroit News reports. “This is strictly the result of drastic cutbacks in travel around the globe,” said a spokesman. The automaker, which began this year with seven jets,...

Obama Team Weighs Streamlined Auto Bankruptcy

A 'prepackaged' plan likely would include government financing, take less time

(Newser) - Barack Obama’s transition team is looking at a streamlined, “prepackaged” bankruptcy for the Big Three automakers, Bloomberg reports. In a “prepack,” the companies already would have financing lined up when they go to court, and would have to reach agreements with banks, workers, and suppliers. The...

Neil Young: Detroit's Dinosaurs Can Go Electric

Rocker makes the case for drivers going big and going green

(Newser) - Motorists considering electric cars can hang on to their Cadillac dreams as well, writes Neil Young at the Huffington Post. Barack Obama's plan to get a million electric vehicles on American roads within a decade is possible—and the cars don't need to be tiny or even have new designs,...

UAW Eyes Give-Backs to Help Big 3 Bailout

Union ready to make concessions to secure industry loan

(Newser) - The United Auto Workers appears to be easing off its “no more cuts” stance. The union is negotiating a swath of concessions it hopes will convince Congress to loan money to the Big Three, starting with the elimination of its controversial jobs bank, the Detroit Free Press reports. The...

Bailout Wait 'Nerve-Wracking'
 Bailout Wait 'Nerve-Wracking' 
Nov 21, 2008 1:50 AM CST

Bailout Wait 'Nerve-Wracking'

Hearings 'more hostile than expected,' says Wagoner

(Newser) - Two grueling days of congressional hearings on a bailout for the auto industry were "hostile" and the wait for an answer is "nerve-wracking," General Motors CEO Rick Wagoner told the Detroit News yesterday. GM is ready now to show Congress detailed restructuring plans to convince lawmakers to...

Hey, Mitt, Your Naked Opportunism Is Showing
Hey, Mitt, Your Naked Opportunism Is Showing
OPINION
Nov 20, 2008 3:43 PM CST

Hey, Mitt, Your Naked Opportunism Is Showing

Flip-flop on Detroit shows McCain was right not to pick Romney as running mate

(Newser) - Mitt Romney is speaking sideways when he talks about Detroit these days, Joan Vennochi writes in the Boston Globe. The man who promised he would “not rest until Michigan is back” in the Republican primary is now urging bankruptcy for Detroit automakers. “If the auto industry could reinvent...

Congress to Big 3: Ball's in Your Court

(Newser) - After failing to strike a deal today on a possible bailout for the Big Three automakers, Congressional leaders offered the firms one more chance to push for the $25 billion lifeline they've requested, the Detroit News reports. Lawmakers will wait until December and require concrete plans for the money before...

Detroit's Pain Could Be South's Gain

The South is home to eight foreign auto plants and more are on the way

(Newser) - Is Greer, SC, the new Motor City? With execs from the Big Three getting a frosty reception to their efforts to wrest $25 billion from the federal government to stay solvent, the home of BMW’s North American operations—as well as other Southern communities that are home to foreign...

Auto Execs Hit Turbulence Over Private Jets
 Auto Execs Hit Turbulence Over Private Jets
OPINION
Nov 20, 2008 7:49 AM CST

Auto Execs Hit Turbulence Over Private Jets

Legislators put screws to extra-shiny tin cups

(Newser) - Take three auto execs, add the private jets each took to a Capitol Hill hearing to beg for a federal bailout, and you get a recipe for the heaping helping of humble pie legislators served up, writes Dana Milbank in the Washington Post. "There's a delicious irony in seeing...

Nissan Bringing Boxy 'Cube' to US Roads

Nissan unveils new 2009 city car

(Newser) - As embattled US automakers shook their tin cups in Congress, Japan's Nissan unveiled its latest threat to Detroit. The Cube gets more than 30mpg—exact numbers will be out before it hits showrooms next fall—and "is nothing more than a box on wheels," writes Chuck Squatriglia in...

Political Deadlock Dims Chances of Aid for Detroit

(Newser) - The CEOs of Detroit's Big Three automakers left Capitol Hill today with bleak prospects of getting $25 billion in emergency loans, Bloomberg reports. Negotiations continue, especially among lawmakers of automotive states, but Republicans and Democrats are deadlocked over where any such aid should come from. Senate leader Harry Reid canceled...

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