auto industry

GM's Saab deal falls through

Sharalyn Hartwell — Tue, 24 Nov 2009 11:46:17 -0600

Swedish luxury car firm, Koenigsegg, pulled out of discussions with General Motors Tuesday to purchase the Saab unit. The loss of buyer interest could result in the end of the Saab brand.

VW-Porsche combine sits atop the automotive heap

Sandy Smith — Thu, 12 Nov 2009 12:26:39 -0600

The automotive world is now being led by a beetle. For the first time ever, German automaker Volkswagen-Porsche is the world's largest automaker, dropping former No. 1 Toyota into second place by a hair.

Production Halted on Ford Taurus Due To India Labor Strike

Denise Clay — Tue, 10 Nov 2009 08:23:53 -0600

Production has been halted for the Ford Taurus due to a labor strike. A strike involving workers in India has forced Ford to close down a plant in the US for one week.

Former Ford Employee Charged With Trade Secret Theft

Denise Clay — Sat, 17 Oct 2009 15:00:46 -0500

Federal authorities arrested a former Ford employee on October 14th for stealing trade secrets from Ford Motor Company. Xiang Don Yu (47), also known as Mike Yu was arrested when he entered the US from China at the Chicago International Airport.

The Top 10 List of Ugly Cars

Cheryl Phillips — Wed, 07 Oct 2009 23:57:24 -0500

There have been some amazing advances in technology in the auto industry. From the ability to have a bluetooth connection or the production of hybrid cars, things have certainly progressed from the old Model T. However, there have been many cars that stand out over the years because they are just plain ugly. Here 10 ugly cars that really take the prize.

Cash For Clunkers Program Details

Armen Hareyan — Fri, 19 Jun 2009 08:15:00 -0500

Yesterday the U.S. Senate passed the Cash For Clunkers program, which aims to spend one billion dollars to stabilize the U.S. car market. As Cash for Clunkers Program details are emerging, new car buyers may see $4,500 dollar government incentives for the purchase of their new cars.

Supreme Court Gives Chrysler Fiat Go

Armen Hareyan — Tue, 09 Jun 2009 20:11:09 -0500

According to CNN the U.S. Supreme Court gave its "go ahead" for Chrysler Fiat deal to go ahead.

Visteon Bankruptcy: Chapter 11 Not Surprising

Armen Hareyan — Thu, 28 May 2009 10:27:05 -0500

One of the largest auto parts supplies Visteon announced bankruptcy and filing for Chapter 11. Visteon say it's entities outside the U.S. will be unaffected and the company will continue to operate throughout the bankruptcy restructuring process.

Shanghai To Hold 2009 Auto Engine Tech Seminar on June 30

Vivian — Mon, 25 May 2009 03:30:28 -0500

Shanghai, May 25 (Gasgoo.com) From the beginning of 2009, China’s central and local governments unveiled a wide ranges of support package for the automotive industry, reviving the "pillar industry" amid the lingering global financial crisis. Automotive engines, regarded as the "heart" of the automobile, have undergone a period of impressive development in past few years.

General Motors Details Restructuring Plans

Michael Santo — Mon, 27 Apr 2009 09:00:13 -0500

In an SEC filing Monday, General Motors said it will cut 21,000 U.S. factory jobs by next year nad phase out its Pontiac brand (as was leaked over the weekend). This is all part of the restructuring plan GM just have in place by June 1st as part of the administration's requirements for further lifelines.

Jobless Auto Workers Get Nursing Training

Armen Hareyan — Mon, 13 Apr 2009 14:27:52 -0500

Reports say hundreds of thousands of workers in the U.S. auto industry and auto parts manufacturing are looking for new careers because of layoffs. At the same time, there is a growing shortage of nurses in the health care field. Therefore, the former auto workers receive nursing training by getting various types of nursing degrees.

No Bailout Funds for Automakers: Obama Administration

Michael Santo — Mon, 30 Mar 2009 10:10:18 -0500

The White House first pushed out GM's Chairman and CEO Rick Wagoner, than said neither GM nor Chrysler have submitted acceptable plans to receive more bailout money, setting up what could be the end of the line for the two auto giants.