auto industry

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GM, Union Tangle Over Health Care, Labor Costs

Strike highlights rift; negotiations resume

(Newser) - At the root of the UAW's strike against GM's US factories is a fundamental conflict between management's need to cut costs and the union's resistance to offering more givebacks, Bloomberg reports. Negotiations resumed this afternoon between GM, which lost $12.4 billion last year, and the UAW, which represents 73,...

GM and UAW Hit Impasse on Health Care

Talks stalled on funding of union-run trust for medical costs

(Newser) - General Motors has reached an impasse with the UAW on the transfer of health care liabilities to a union-run trust, a serious blow to the company's plans for rejuvenation. Five days into contract talks, negotiators could not agree on the amount GM would pay into the fund, reports Bloomberg, and...

Tiny Smart Cars Zip Toward US
Tiny Smart Cars Zip Toward US
Sep 19, 2007 2:53 PM CDT

Tiny Smart Cars Zip Toward US

Newsweek interviews president of Smart USA

(Newser) - With the first Smart Car set to hit the US in January, Newsweek questions the company president on the intelligence of trying to sell a 1,750-pound vehicle in the land of bigger-is-better. Despite bad safety ratings from Consumer Reports and entrenched SUV love in the American psyche, he seems...

Americans Hot for Hybrids
Americans Hot for Hybrids
Sep 17, 2007 5:42 PM CDT

Americans Hot for Hybrids

Sales up 49% thanks to surge in Mid-West sales

(Newser) - Hybrid sales skyrocketed 49% in the first half of 2007, thanks to boom in the Midwest. Oklahoma’s 143% increase was the most of any state, but every state except Hawaii saw growth, the AP reports, with 215,997 vehicles registered this year, compared to 144,721 over the same...

GM Talks Resume With Optimism
GM Talks Resume With Optimism
Sep 17, 2007 12:42 PM CDT

GM Talks Resume With Optimism

Marathon yesterday yielded progress on financing for health-care trust

(Newser) - Talks between GM and UAW reps resumed late this morning after a 16-hour session that ran to 3am and came close to an agreement on the key issue of shifting heath-care costs to a union-run trust.  Both sides confirmed good progress, and employees are on the job today, despite...

Still No Agreement in GM-UAW Talks
Still No Agreement in GM-UAW Talks
Sep 16, 2007 5:07 PM CDT

Still No Agreement in GM-UAW Talks

Strike appears remote as GM employees ready for work tomorrow

(Newser) - Tense talks continued between GM and workers today as outside parties were greeted with unusual silence, the Wall Street Journal reports. "I haven't heard much of anything and that's completely different" than before, says a union rep. Still at issue is a health care fund for retirees and how...

GM, UAW Talk Past Deadline
GM, UAW Talk Past Deadline
Sep 15, 2007 6:05 AM CDT

GM, UAW Talk Past Deadline

Contracts renewed on hourly basis

(Newser) - The United Auto Workers and General Motors talked four hours past their midnight deadline for contract negotiations before agreeing to resume bargaining later today. They extended talks on an "hour-to-hour" basis on a deal that would include a union-controlled trust to assume GM's $50-billion liability for retiree health care....

Little Shop of Hybrids: Green Mechanic Opens

San Francisco garage first devoted to hybrids-only service

(Newser) - While auto mechanics nationwide now service hybrid vehicles, San Francisco's Luscious Garage is the country's first shop to work exclusively on environment-friendly cars. "There's a critical mass of hybrids in the Bay Area," owner Carolyn Coquilette told Wired, which reports that nearly 10% of new hybrids registered in...

Auto-Emission Ruling Boosts States' Rights

Federal judge rules against carmakers on standards for greenhouse gases

(Newser) - Vermont can set its own greenhouse emissions standards to curb gases that contribute to global warming, a federal judge ruled yesterday in a decision that boosts states’ rights. Automakers sued the state after it adopted standards originally made law in California, saying the regulations were impractical and would upend the...

10 Cheapest Rides to Own
10 Cheapest Rides to Own
Sep 11, 2007 10:15 AM CDT

10 Cheapest Rides to Own

Don't sacrifice your bank account to the wheel with gas and insurance costs

(Newser) - Affordable cars start at the sticker price—the lower the better. But over time, insurance payments and gas costs add up. Forbes searches out the 10 vehicles that will leave the smallest footprint on your wallet.
  1. Toyota Yaris
  2. Honda Fit
  3. Toyota Corolla

Midwest Jobs Take a Beating
Midwest Jobs Take a Beating
Sep 10, 2007 9:35 AM CDT

Midwest Jobs Take a Beating

Housing slump and auto woes hit the region hard

(Newser) - Jobs in the Midwest have taken a one-two punch from the national housing slump and the flagging Detroit auto industry, the Wall Street Journal reports. Factories that make the materials used to build new homes in high-flying markets from California to Florida are starting to downsize, following huge layoffs by...

Chrysler Pilfers Toyota's Top US Executive

Firm's highest-ranking non-Japanese ever jumps ship

(Newser) - Toyota North America's president will become the new co-president and vice chairman of Chrysler, the Detroit Free Press reports. Jim Press, the highest-ranking non-Japanese exec in Toyota's history, brings a reputation as a talented manager to Chrysler, which is in the process of transforming into a private company after being...

Life Without Chrysler Suits Daimler Fine

German automaker predicts 10% profit margins by 2010

(Newser) - Rid of the Chrysler albatross since its May sale, German automaker DaimlerChrysler says its profits are taking off, Business Week reports. CEO Dieter Zetsche said yesterday the company—which aims to strip "Chrysler" from its name this fall—is likely to beat his estimates of 7% profit this year,...

Where is Stephen Feinberg Taking Chrysler?

Onlookers worry what Steven Feinberg is up to with Chrysler

(Newser) - Portfolio does its best to profile Stephen Feinberg—the ultra-secretive, ultra-cutthroat CEO of Cerberus Capital Management—without talking to him. Feinberg avoids the media like the plague, preferring to bring faltering companies into the black in secret, and his shadowy plans for new stepchild Chrysler are no exception.

In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new CEO to cut costs

(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’...

Ex Home Depot Chief Takes Chrysler Wheel

Nardelli tapped as CEO in takeover shake-up

(Newser) - In a major shake up, Chrysler 's chief executive will be replaced by former Home Depot boss Bob Nardelli, the Wall Street Journal reports. An auto official called Nardelli a "real change agent" in an industry rocked by foreign competition. Nardelli is the second auto-industry neophyte to be named...

Hottest Rides of 2007
Hottest Rides of 2007
Aug 4, 2007 4:29 PM CDT

Hottest Rides of 2007

CNNMoney puts the rubber to the road and finds the best cars in 10 categories

(Newser) - Whether you want something small and hip or capacious and safe, you can find it in CNNMoney's guide to the best cars of 2007 as determined by Consumer Reports.
  1. Budget car, subcompact:  Honda Fit
  2. Sedan, less then $20,000:  Honda Civic
  3. Sedan, $20,000 to $30,000: Honda
...

Toyota Banks Best-Ever Quarter
Toyota Banks Best-Ever Quarter
Aug 3, 2007 2:27 PM CDT

Toyota Banks Best-Ever Quarter

Good yen rate bolsters $4B quarter

(Newser) - Toyota reported its highest quarterly earnings ever today after profits surged 32% to $4.1 billion due to booming sales and favorable exchange rates for the yen. Revenue rose $54 billion, up 16% compared to the same quarter last year, and the Japanese giant sold 2.16 million cars, an...

Foreign Cars Outsell Detroit
Foreign Cars Outsell Detroit
Aug 2, 2007 5:14 AM CDT

Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from...

GM&rsquo;s Quarter Is Twice as Nice
GM’s Quarter Is Twice as Nice
Jul 31, 2007 10:02 AM CDT

GM’s Quarter Is Twice as Nice

Carmaker more than doubles estimates, beats Toyota in sales for quarter

(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous...

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