Detroit

Desperate times call for desperate measures and at Chrysler it appears every option is on the table. The Auburn Hills carmaker has been tied with at least five major carmakers in the past six months, even coming close to a merger with Detroit rival General Motors. While such a move may seem a...

Yesterday’s grim news that General Motors had decided to pull the plug on its High Performance Vehicle Operations (HPVO) caused shockwaves around performance circles, with many believing some of the company’s top sports cars, both current and future, could meet their demise. The HPVO is...

In what may come as a surprise to many, General Motors has decided to disband its High Performance Vehicle Operations (HPVO) as it seeks to reduce costs and focus on mainstream products. The go-fast center consisted of a small skunk works of GM engineers who worked in the company’s suburban...

President Barack Obama has made no bones about his commitment to using the government to help prop up the ailing automotive industry, but his earlier plans to instate a ‘car czar’ to oversee the industry’s restructuring have reportedly been dropped. The original bill passed for...

Tough times are a unifying theme of the economic and sales reports of the last six months, especially in the car industry. Finding ways to pull itself up by the bootstraps is proving harder than imagined by some, but the effort is pushing the Detroit 3 to consider a window of opportunity in Asia...

General Motors has confirmed that the first batch of its upcoming Chevrolet Volt plug-in hybrids will feature an internal combustion ‘back-up’ engine sourced from Aspern, Austria, and not from Flint, Michigan, as originally planned. The announcement comes just a week after it was...

The past month has been one of the busiest for struggling Detroit carmaker Chrysler, within the past several weeks receiving a $1.5 billion infusion from the federal government, revealing plans for a strategic alliance with Fiat, and announcing a range of new incentives. Under the new...

General Motors has made it clear that it intends to focus most of its resources on just four core brands in North America but has left much doubt about the long-term viability of its other brands. The Buick, Chevrolet, Cadillac and GMC brands accounted for 83% of GM's total sales volume in the U.S...

Despite being the only Detroit 3 carmaker to decline the federal government’s bailout offer, Ford has revealed that it is still doing it tough by reporting a substantial $5.9 billion loss for the fourth quarter of 2008. This figure roughly equates to just under $500 million lost each week or...

One of General Motors’ biggest criticisms is the number of different brands under its roof, which ends up seeing it sell similar models that often compete with one another in the same segments. In its efforts to secure its share of a federal bailout, GM said it now intends to focus its U.S...

Industry cutbacks, especially in the areas of advertising and marketing, are taking more and more visible forms as carmakers such as Nissan decide to skip major shows such as the 2009 Detroit Auto Show. Previously, though the company itself had decided to pull out of the show, local Detroit-area...

Cerberus Capital Management, current majority stake holder in Chrysler, is offering its entire equity stake in the carmaker to help it restructure and gain federal loans. The move is also designed to comply with one of the provisions in the Presidential loans initiative, which was approved late on...

Chrysler has announced that it will be shutting down its factories for an entire month, with production being halted from this Friday, December 19 until January 19 of next year. Chrysler's poor financial performance and a weak automotive market were the two major reasons cited for the extended...

In a stunning development, the Bush administration released a statement late Friday stating that it was strongly considering using some of the money set aside for the $700 billion financial system bailout to help prop up America's ailing automotive industry. Despite working through the weekend...

January's Detroit Auto Show will be playing host to the 13th annual International Car and Truck of the Year awards, and the final nominees for each of the categories have been announced. Competing for the main prize of 'International Car of the Year' are three very different vehicles - the Dodge...

The demise of the Detroit 3 is unsurprisingly tarnishing the image of American carmakers, however Ford executives are hoping to distance themselves from their neighbors, General Motors and Chrysler, by refusing government loans (for now). Chrysler and GM's current financial situation is no secret...

CSM Worldwide, an outfit that provides automotive market forecasting, is predicting that 2009 will be the worst year for the auto industry since 1982, with just 11.5 million vehicles expected to be sold in the United States. Previously it was reported that the breaking point for General Motors...

The Bush administration and congressional Democrats have made a tentative agreement for a $15 billion emergency loan for the Detroit 3, but there remains concern in the White House that the carmakers may still not survive. President George W. Bush has reportedly questioned the ability of the...

With the legislation for a loan package to secure the immediate futures of the Detroit 3 is reaching the 'discussion draft' stage today, talk of an overseer to administer the funds has begun. The bill actually stipulates that there may be multiple overseers, raising the possibility of an oversight...

The UAW is reportedly seeking a major stake in General Motors as well as a seat on its board in return for making concessions under the carmaker’s latest restructuring proposal presented to Congress last week. The latest news contradicts statements from UAW president Ron Gettelfinger, who...