Economic
Don’t Believe The Hype: History of Corvette Rumors
A fiberglass-bodied two-seater, powered by a potent V-8 up front and being driven by the rear wheels is what you get when you buy a Chevrolet Corvette. This formula for America’s sports car hasn’t strayed much from the original in nearly half a decade the car has been built, except for the...
Audi and Lamborghini predicting market turnaround
Accurate crystal balls were in short supply a year ago, but this year predictions of recovery are flying. The latest to join the side of the optimists are Audi and... July 22, 2009 by Kenneth Hall 2
2010 Subaru Legacy scores 31mpg highway in EPA tests
Subaru has been curiously unaffected - or nearly so - by the tremors shaking the foundations of so many other carmakers' sales figures. And despite the 2010 Legacy's... June 18, 2009 by Nelson Ireson 5
Report: UAW agrees to 17.5% stake in restructured GM, bondholders reject tender offer
In a hugely positive step for General Motors, the carmaker, together with the U.S. Treasury and United Auto Workers (UAW), reached a tentative bargain on how they'll deal... May 26, 2009 by Ralph Hanson 1
U.S. raises fuel economy floor to 27.3mpg for 2011
You might disagree with his methods, but you can't deny President Obama's determination to improve the U.S. car industry's situation and to remedy the nation's current energy... March 27, 2009 by Ralph Hanson 1
Shocker: Women find expensive cars more attractive
Readers, you may want to hold on to your rocking chairs as the following news will likely come as a stunning shock to you. There's no easy way to put it, but women find men... March 27, 2009 by James Martinez 13
Small car, hybrid sales taking a long drive off a short pier
The short-sightedness of the car-buying public is breathtaking. It was just months ago that fears over $4 gas prices had people scurrying about, dumping loaded SUVs for a... March 23, 2009 by Nelson Ireson 6
Ford and UAW deal could save $500 million annually
Taking care of its retirees is one of the things the American auto industry prides itself on, and for good reason. But it's also one of the things that are making it hard to... March 11, 2009 by Ralph Hanson 1
UK auto aid approved by EU, now accepting bids for share of £2.3 billion
The weak economy knows no borders, rampaging across the globe taking its toll in lost jobs and bankruptcies. The car industry in particular is no stranger to this strife, and... March 11, 2009 by Nelson Ireson 2
Lamborghini sales drop 40%, Winkelmann fighting to stay in the black
Luxury sports car manufacturers are having a tough year in 2009, despite their successes last year. Earlier this month we heard from Porsche, who had experienced a massive... March 5, 2009 by Ralph Hanson 2
Chrysler cost Daimler $1.75 billion in 2008
The divorce of Daimler from Chrysler in 2007 wasn't complete - the German company Daimler still holds 19.9% of Chrysler - and now that lingering relationship has come back... February 17, 2009 by Nelson Ireson 2
Chrysler co-president: You can either help us or burn us all down
Chrysler has come out with its second sales plea in as little two weeks, urging dealers to order more than 15,000 cars by Monday to keep the company viable. Not one to mince... February 6, 2009 by Ralph Hanson 5
Three day working week for 600 Aston Martin staff
The tough times facing the car industry are not new, but the extended duration is beginning to take its toll on even the most luxurious carmakers. Having already announced... January 28, 2009 by Kenneth Hall
Jim Press: Chrysler 'viable' by spring, but profit still too far off to gauge
The recently announced alliance to be forged with Fiat notwithstanding, Chrysler's current position in the market is regarded as precarious by buyers and analysts alike. Vice... January 27, 2009 by Ralph Hanson 3
Toyota to build more cars in North America than Chrysler
Toyota's North American car output will surpass Chrysler's for the first time during the first quarter of 2009. The two companies' downward trajectories will soon cross... January 26, 2009 by Ralph Hanson
GM announces new production, job cuts; Cadillac XLR canceled
The ongoing economic recession continues to impact the car industry and General Motors with reduced revenue and the need to cut production. Reducing production means cutting... January 26, 2009 by Nelson Ireson 3
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