MotorAuthority

• GM finds no buyers for Saab

  Since General Motors put Saab under strategic review late last year as part of its Congressionally-mandated plan to return to viability, it has been shopping for buyers. News from within the company t...

• Bush administration defers CAFE decision to Obama

  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...

• Chrysler receives $4 billion in restructuring loans

  Late Friday evening Chrysler received its first $4 billion in government loan money from the $17.4 billion approved as an emergency measure late in December, pushing its bottom line closer to the $2.5...

• GMAC loses exclusive GM financing in Treasury loan agreement

  In a filing today with the Securities and Exchange Commission (SEC) GMAC revealed that it will no longer have the exclusive right to finance all of General Motors vehicles, and it will cease all lease...

• GM gets first $4 billion in aid money, Chrysler waits

  The $17.4 billion bridge loan package signed into action by President Bush late in December has begun disbursement, with General Motors receiving $4 billion on Wednesday. Chrysler is still waiting on...

• GMAC drums up $21.6 billion in debt-for-equity swaps

  GMAC has leveraged the recent promise of U.S. Treasury funds to boost its lending capacity, and now it has generated another $21.2 billion in cash via debt-for-equity swaps with its bondholders. The f...

• Nissan 370Z goes on sale today, priced at $29,930

  A simplified trim lineup and just a handful of available configurations for 2009 make the new Nissan 370Z a simpler car than its predecessor, but paradoxically, new features and options have made the...

• WTO denies China's appeal on car part tariffs ruling

  The World Trade Organization (WTO) has confirmed a ruling against China’s import tariffs on car parts in response to complaints from the U.S., Europe and Canada. By denying China's appeal to the dec...

• Ford confirms Fiesta for U.S. in early 2010

  The Big Three Detroit carmakers are struggling right now, but their plans for the future are still bright, or at least optimistic - perhaps all the more so thanks to the focusing nature of the current...

• Lexus registers LFA trademark with USPTO

  Speculation that the Lexus LF-A supercar project had been axed several months ago was refuted to some degree by ongoing testing of the car at the Nurburgring. Now a filing with the U.S. Patent and Tra...

• Honda, GM announce massive Q1 2009 production cuts

  The car market continues to worsen even as the auto loan bill flounders in Washington. Honda and General Motors today have announced huge production cuts for the first quarter of 2009, totaling over o...

• Honda may delay U.S. diesels due to fuel costs

  Honda and Acura have been contemplating bringing diesel engines to the U.S. for some time, but in late October word broke that the engines had been delayed. At the time the reason had been thought to...

• Auto loan bill could stall in Senate

  The $14 billion auto loan bill passed by the House late yesterday may stall out in the U.S. Senate under fire from Republican opposition. The GOP wants more concessions from the UAW and more concrete...

• Analysts predicting only 11.5 million vehicle sales in U.S. in ‘09

  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 so...

• Detroit carmakers approach Canada for $6.8B in loans

  A decision on the U.S. government's loan package is expected to come from Congress sometime today, but already carmakers are approaching the Canadian government, seeking more aid. The $6.8 billion sou...

• Congress reaches agreement on $15b to $17b Detroit 3 bailout

  Democratic leaders of Congress revealed late on Friday that they had reached an agreement on a bailout plan for the Detroit 3 ranging in the vicinity of $15 billion to $17 billion, about half what the...

• U.S. Department of Energy shoots down $16B in Detroit requests

  Even as America's carmakers plead their case before the U.S. Congress today, the executive branch has rejected $16 billion in grant requests through the DOE's retooling program. The rejection came in...

• Audi considering delay of decision on U.S. production

  A number of European carmakers are considering starting production in the United States to take advantage of the low dollar and to improve production and logistic efficiencies of popular import models...

• Detroit 3 head back to Washington December 5 to offer plan for future

  The heads of the Detroit 3 headed to Washington earlier this month in the hope of securing a second emergency aid package to supplement the previously earmarked $25 billion for more efficient vehicles...

• Preview: 2010 Nissan 370Z Roadster

  Nissan recently unveiled its all-new 370Z Coupe, which is set to go on sale in January next year, and now we have a computer generated rendering of the Roadster model, which Nissan has previously stat...

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  2010 Nissan 370Z Roadster preview

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