auto industry

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Foreign Car-Bashing DNC Chair Owns ... Foreign Car

Wasserman Schultz attacked the GOP for putting US auto industry at risk

(Newser) - The chairwoman of the DNC—who slammed Republican 2012 hopefuls for putting the US auto industry at risk by favoring foreign automakers—herself owns a foreign car, the Hill reports. “If it were up to the candidates for president on the Republican side, we would be driving foreign cars;...

Toyota 'Arrogance' Prompts Safety Flaws: Report

Panel cites 'complacency' at automaker

(Newser) - Toyota has serious institutional flaws that pose a threat to the safety of its vehicles, finds an independent review out today. The problems stem from a “sense of pride at being number one” that can become “arrogance and foster complacency,” says the report, conducted by a panel...

Chrysler's Big News: We Repaid Bailout Loan

Announcement coming tomorrow at Michigan plant

(Newser) - Chrysler will announce with some fanfare tomorrow the repayment of $7.5 billion in bailout loans from the US and Canadian governments. CEO Sergio Machionne will announce the milestone tomorrow alongside White House manufacturing adviser Ron Bloom at Chrysler’s Sterling Heights, Michigan, plant, the Wall Street Journal reports. Chrysler...

Obama Should Campaign on Auto Bailout
Obama Should Campaign
on Auto Bailout 
OPINION
May 17, 2011 1:26 PM CDT

Obama Should Campaign on Auto Bailout

Some Republicans were ready to let GM, Chrysler die: Jonathan Cohn

(Newser) - Barack Obama reportedly plans to make the auto bailout a key part of his reelection campaign, and Jonathan Cohn of the New Republic thinks that’s a great idea. Chrysler and GM are in much better shape, he argues—GM in particular is “reporting big profits, it is winning...

GM Doubles Estimates, Hits $3.2B Profit

Fifth-straight quarterly profit for automaker

(Newser) - That whole restructuring thing continues to be working out well for General Motors: The auto behemoth posted $3.2 billion in first-quarter profits today, including a $1.5 billion one-off from the sale of its share of Delphi and its stock in a former in-house lender. The number soundly beat...

Chrysler Turns 1st Profit Since Bankruptcy

Revenue climbs 35% as Big Three return to profitablility

(Newser) - Good news for Detroit: The Big Three automakers are all profitable once again. Chrysler has reported its first net profit since leaving bankruptcy nearly two years ago, with a net income of $116 million in the first quarter. The firm saw revenue jump 35% to $13.1 billion compared to...

Nissan Scrambles to Fix Leaf's Starting Issue

Sensor glitch derails electric car's launch

(Newser) - Nissan’s much-anticipated all-electric Leaf is having a hard time getting started—literally. Yesterday, Nissan revealed that the car had a technical glitch which sometimes caused it to have trouble turning on, CNBC reports. “This is not a safety issue as the vehicle will not stop running while being...

Renault's Big Espionage Case Looks Like a Bust

No proof surfaces of industrial spying

(Newser) - Renault's bombshell allegation in January that three of its own executives were selling electric car secrets, maybe to the Chinese, is looking like a dud, the Wall Street Journal reports. Two months into the investigation (which the newspaper says is reminiscent of the work of the "Keystone Kops"),...

Cities Build Charging Stations, but Plugs Won't Fit

There's no universal standard for fast-charging technology

(Newser) - The good news is that Chicago plans to have more than 70 public stations in place by the end of the year where people can pull in and quickly charge their electric cars. The bad news is that fast-changing standards means the stations will be useless for some models unless...

GM Doles Out Biggest Profit-Sharing Checks Ever

The company's 45K hourly workers to get around $4K each

(Newser) - General Motors will hand out profit-sharing checks totaling $189 million this year, or more than $4,000 per worker, the company announced today. That more than doubles the automaker’s previous record of $1,775, set in 2000, according to the New York Times . The payout will be less than...

Chrysler Only Lost $199M This Quarter
 Chrysler Only Lost 
 $199M This Quarter 
Good news!
Jan 31, 2011 7:07 AM CST

Chrysler Only Lost $199M This Quarter

Expects to be profitable next year

(Newser) - Chrysler lost $199 million in the fourth quarter, but that qualified as good news for the beleaguered automaker—after all, it lost a whopping $2.7 billion over the same period in 2009, the AP reports. The company says it expects to jump to profitability in 2011, setting the stage...

Toyota Recalling 1.7M Vehicles
 Toyota Recalling 1.7M Vehicles 



Jan 26, 2011 6:05 AM CST

Toyota Recalling 1.7M Vehicles

Fuel leaks spark yet another massive recall

(Newser) - Toyota is recalling nearly 1.7 million vehicles around the world for various defects that may cause fuel leakage—the latest in quality control woes for the Japanese automaker. The company says it is recalling a wide range of models, including the IS and GS Lexus luxury models in North...

Car Mag Tweaks Limbaugh: Driving, Oxycontin Don't Mix

'Motor Trend' picks Chevy Volt as car of year; Rush not pleased

(Newser) - Rush Limbaugh really, really hates the Chevy Volt, and when Motor Trend named it the 2011 car of the year, he railed against the magazine, asking "How in the world do they have any credibility?" Now a Motor Trend editor has fired back, ThinkProgress reports. “If you can...

GM Prices Stock at $33 Ahead of IPO
GM Prices Stock at $33
Ahead of IPO
Nov 17, 2010 4:44 PM CST

GM Prices Stock at $33 Ahead of IPO

Historic offering will get government some money back

(Newser) - General Motors says its common stock will sell for $33 per share when its initial public offering takes place tomorrow. The IPO, one of the largest in history, brings the US government closer to getting back part of the $50 billion it gave GM last year. The government will sell...

Chevy Volt Will Make US Ethanol Fiasco Look Tame
Chevy Volt Will Make US Ethanol Fiasco Look Tame
george will
Nov 13, 2010 5:16 PM CST

Chevy Volt Will Make US Ethanol Fiasco Look Tame

George Will: Government should stay out of the auto business

(Newser) - Safe bet, you won't catch George Will driving one of GM's new Volts. He lays out everything he hates about the car, including that it's not quite the electric vehicle originally promised and that the government realizes people must be "bribed" with $7,500 subsidies to buy the $41,...

Volkswagen Steers Towards US
 Volkswagen Steers Toward US 
Oct 5, 2010 11:10 AM CDT

Volkswagen Steers Toward US

New Jetta part of push for American market

(Newser) - Volkswagen wants to be the biggest automaker in the world, but it’s got one little problem: It has only 2.2% of the US market. But the company aims to change all that starting this week, when it rolls out its new Jetta, a spacious sedan designed specifically for...

Electric Cars Aren't Going to Save Us
Electric Cars Aren't
Going to Save Us
OPINION
Sep 30, 2010 1:51 PM CDT

Electric Cars Aren't Going to Save Us

Walter Russell Mead: Let China take the lead on this

(Newser) - Walter Russell Mead has some interesting advice for those (and he's looking at you, Thomas Friedman ) who think the US is making a horrible mistake by falling behind China in the development of electric cars: Ignore the problem. That's right, let China do the heavy lifting (and spending) on...

China's SAIC Eyes Big Stake in GM

Move could pose dilemma for Treasury

(Newser) - China’s SAIC Motor Corp. is considering making a big grab for GM shares when the government sells off its stake in the company, creating a potential political dilemma for the Treasury, the Wall Street Journal reports. GM is set to go public again in November, and the government, which...

Thank Cadavers for Today's Car Safety

Automakers quietly rely on them in tests

(Newser) - Those cute crash test dummies make for better commercials, but automakers have long relied on a less-publicized way of ensuring safety: cadavers. Dummies and computer modeling have come a long way, but actual bodies provide more accurate results about, say, damage to internal organs in an accident, explains Justin Hyde...

In the Works: Electric Car Made From Cannabis

But no, you can't smoke it

(Newser) - Looking for the ultimate pothead ride? How about an environmentally-friendly car that is literally made of hemp? Canada’s Motive Industries has announced that it is working on just such a miracle of science. Its Kestrel model is a fully electric car constructed from a biocomposite made of cannabis, Fast...

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