Economic

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 not-so-adorable face, it's developing its own following already. Today, that following will have a fairly tough pill to swallow with...

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 with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The...

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 policy. Part of both plans is a rise in the fuel economy requirements to 27.3mpg fleet-wide by 2011. It's actually a step...

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 with expensive cars more attractive than those with cheaper cars. The 'groundbreaking' study, led by a UK university, revealed...

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 fraction of their purchase price and replacing them with smaller, more efficient vehicles. But today, with fuel well under $2...

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 some might say Great Britain's carmakers most of all, considering their rocky history. In late January UK Business Secretary...

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 drop in sales for the first six months of fiscal 2008/2009 following their record profits last year and now a similar story is...

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 with a vengeance. Despite a year that would be only moderately unsuccessful for Daimler, Chrysler's involvement more than...

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 his words, Chrysler co-president Jim Press told dealers over a conference call that they basically have two choices: "You can...

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 that it would be cutting its 1,850-member workforce by up to 600 jobs, Aston Martin has now revealed that it will put its...

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, leaving Toyota as the third largest domestic producer behind Ford and General Motors. Both Chrysler and Toyota are sharply...

As the economy and the car industry transform to lighter, more compact versions of their previous selves, the primary agent of change is cash. Ford CEO Alan Mulally took an opportunity this weekend to re-affirm his company's ability to stand on its own, without government-backed loans, however...

The global downturn in car sales is a familiar topic these days, and even the production juggernaut of Toyota is facing unseen declines in demand for its products. To help realign output with that demand, the carmaker recently announced plans to shut down all 12 of its Japanese plants for a total...

Slumping sales and surplus supply are old hat by now, but the ongoing effects of the poor economy mean carmakers must continue to adjust their capacity and output to remain viable. Honda's readjustment, like its American counterparts, is unfinished, and today it revealed another 3,100 temporary...

In a reversal on Bush's prior commitment to make a decision on the issue of Corporate Average Fuel Economy (CAFE) standards, the U.S. Department of Transportation (DOT) today revealed it will not make a decision before President-Elect Barack Obama takes office later this month. Proposed CAFE...

The global downturn in car sales is a familiar topic these days, and even the production juggernaut of Toyota is facing unseen declines in demand for its products. To help realign output with that demand, the company has planned to shut down all 12 of its Japanese plants for a total of 11 days in...

Even the upper tier of the mass-market luxury car manufacturers are facing troubled times this year. Sales are down, inventories are up and there appears to be no end in sight. In response to this situation, Daimler has decided the right move is to cut all production for at least one month...

There were no winners in September's sales totals, with every major manufacturer in the market down against the same month last year. The tale is as much one of the U.S. economy and the finance industry's condition as it is of the carmakers', but the effect it will have on bottom lines and future...

Shifting from SUVs and pickup trucks toward smaller cars may already be having an effect on the overall average fuel economy in the U.S. Figures released today by the Environmental Protection Agency (EPA) reveal that the actual increase in fuel economy may be even higher than the 0.2mpg bump...