Archive for April, 2009

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U.S. auto sales may have hit bottom, some experts say

6 months, 3 weeks ago

USAToday reports today some auto industry experts say auto sales may have bottomed out in the first quarter and could recover later this year.
However, Ford Motor CEO Alan Mulally warned last ...

GM bondholders to present alternate plan

6 months, 3 weeks ago

Bondholders today will present a new debt-for-equity exchange plan to General Motors that would swap a 51-percent stake in a restructured company for $27 billion in debt, a person with ...

Ford projects 2nd-half uptick in sales

6 months, 3 weeks ago

Ford Motor Co. expects a modest improvement in sales in the second half of 2009, but the automaker won’t be cranking up production until demand actually materializes, George Pipas, Ford’s ...

Scoop provides special page on Chrysler restructuring

6 months, 3 weeks ago

The Scoop now has a special Chrysler Restructuring page for all news and information related to the April 30 announcements. It will feature a variety of materials including Frequently Asked Questions (FAQ), ...

Nardelli thanks UAW, stakeholders for sacrifices

6 months, 3 weeks ago

Dear Employees,
Today is the day that we expect the U.S. government to announce whether Chrysler has satisfied requirements to go ahead with our proposed global alliance with Fiat and qualify ...

Judge: Dealer must pay Chrysler Financial $477 million

6 months, 3 weeks ago

A district court judge in Minnesota has awarded Chrysler Financial a $476.9 million judgment against dealer Denny Hecker, the Automotive News reported.
The suit, filed against Hecker on March 17, alleged ...

Lawmakers inch toward ‘cash for clunkers’ deal

6 months, 3 weeks ago

Lawmakers were inching toward an agreement Tuesday on a “cash for clunkers” bill to boost U.S. auto sales—a measure one consulting firm said could spur as much as $25 billion ...

GM to ax struggling dealers

6 months, 3 weeks ago

General Motors Corp. will force 1,000 to 1,200 underperforming dealerships to close as part of the automaker’s restructuring plan that involves eliminating more than 2,600 franchises by next year, The ...

NADA asks GM dealers to fund legal counsel

6 months, 3 weeks ago

The National Automobile Dealers Association, bracing for a possible General Motors bankruptcy, is asking dealers to contribute to a legal fund to protect their interests, the Automotive News reported.
NADA, with ...

Saturn closing will kill a quarter of GM hybrid sales

6 months, 3 weeks ago

When General Motors closes down Saturn later this year, it will lose just over a quarter of its sales of fuel-saving hybrids—the type of vehicles that the Obama administration wants ...

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