Ford Motor Company Welcomes Action to Provide Emergency Funding to GM and Chrysler
Dec 19, 2008
DEARBORN, Mich., Dec. 19 -- Ford Motor Company said today that it welcomes action by the Administration to provide emergency funding for General Motors Corp. and Chrysler LLC. "As we told Congress, Ford is in a different position. We do not face a near-term liquidity issue, and we are not seeking short-term financial a ... Continue reading
GM Gets $9.4 Billion and Chrysler $4 Billion in Bridge Loans from U.S.
Dec 19, 2008
WASHINGTON - December 19, 2008: After a final late-night negotiation session, the White House has announced a plan that will provide $13.4 billion to two of the three Detroit Automakers with the possibility of an additional $4 billion in February. Some early details are confusing, with words making it sound like $13.4 ... Continue reading
Bush Now Appears to Favor an "Orderly" Bankruptcy for Detroit Three
Dec 18, 2008
AUTO CENTRAL - December 18, 2008: In a live televised interview this morning President Bush talked about an "orderly" bankruptcy as the solution for the three American automakers, as opposed to making any specific announcement or decision to try and take some of the funds from the $700 billion bailout package (or what ... Continue reading
HEELS ON WHEELS: KATRINA'S 2008 TOP 10 VEHICLES FOR FEMALE DRIVERS
Dec 12, 2008
HEELS ON WHEELS By Katrina Ramser San Francisco Bureau The Auto Channel As an automotive journalist, I test drive many different vehicles. With one car always coming and another going each and every week, the desensitizing of 'new' has helped me develop objectivity (if not an attitude of blasé) towards all vehicles. ... Continue reading
Why It's Essential for Congress to Provide Financial Stimulus to the U.S. Auto Industry
Nov 26, 2008
The Fate of the Industrialized World Hangs In the Balance This Is Not Merely Issue of Protecting a Segment of the Work Force; itâs an Issue of Societal Progress By Marc J. Rauch Exec. Vice President/Co-Publisher Innovation has almost always been the stimulus to advance human civilization. Sometimes the innovations ... Continue reading
Denying Big Three a Bailout Can Be a Historic Opportunity to Get America off Oil and Save Detroit
Nov 18, 2008
By Edwin Black The impulse to accede to political pressure and jobs blackmail from the Big Three for a $25 billion bailout offers America a historic turning-point opportunity. This is the countryâs chance to both reform the auto industry and ignite a massive shift off of oil in one master stroke. How? The $25 bill ... Continue reading
Rants Raves and Prognostications in This Months Letter From Europe
Nov 13, 2008
I cannot pretend that the news from the world of automobiles is particularly good or that I can see the light at the end of the tunnel. Clearly some manufacturers such as Toyota and Honda will survive as will the Koreans. Nissan also seems like a safe bet, albeit as a much smaller company. Their plant in Sunderland Eng ... Continue reading
Ford October US Sales Down 30.2%
Nov 3, 2008
DEARBORN, Mich., Nov. 3, 2008; An economic gauntlet, the likes of which haven't been seen in more than two decades, could not deter Ford's best-selling F-Series truck. Ford dealers celebrated Truck Month by delivering 43,324 F-Series in October. October also marked the annual Texas Truck Rodeo competition conducted by ... Continue reading
Ford October 2008 U.S. Sales Drop 30.2%
Nov 3, 2008
Tax Breaks Coming For Electric Cars
Nov 3, 2008
<p><i>An overlooked part of the $700 billion bailout provides an incentive for consumers looking to purchase green cars. WASHINGTON DC October 31, 2008; The AP reported that Plug-in electric vehicles from General Motors and Toyota are not expected to hit showrooms for more than a year, but when they arrive, the first b ... Continue reading
Ford Simplifies Complex Trim Choices For Buyers
Oct 29, 2008
By DETROIT, Oct 29, 2008; David Bailey writing for Reuters reported that Ford Motor Co is rolling out a sharply simplified vehicle line-up for the 2009 model-year by slashing thousands of configurations of features from its order book in a bid to cut costs and smooth showroom transactions. For Ford, getting back to its ... Continue reading
Oct 28, 2008
DETROIT, Oct 28, 2008; Soyoung Kim and Poornima Gupta writing for Reuters reported that billionaire investor Kirk Kerkorian has reduced his stake in Ford Motor Co to 4.89 percent over the past week, his investment company said on Tuesday. Kerkorian, the largest outside investor of Ford, had said last week he sold share ... Continue reading
2008 AUTOMOTIVE MANAGEMENT BRIEFING SEMINARS-DAY 4
Aug 15, 2008
Day Four â The Heavyweights Pontificate By Steve Purdy TheAutoChannel.com Detroit Bureau This morningâs lineup of speakers was impressive: Mark Fields, Fordâs president of the Americas; Michael Stanton, president and CEO of the Association of International Automobile Manufacturers, Inc.; Tom LaSorda (not ... Continue reading
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