Industry

Just because you can buy a Charger SRT8 for under $35,000 after incentives and rebates doesn't mean Chrysler is liquidating its SRT cars to get rid of the brand. In fact, Chrysler has said specifically that its high-performance division is safe from the current budgetary cutbacks. Unlike General...

Luxury carmakers have a knack for stamping their logos on almost anything, from pens, to laptops and watches. But the latest direction Bentley is turning for additional revenue has left us scratching our heads a little - the 90-year old company has started producing furniture, including tables and...

The Fiat-Chrysler partnership has been brewing since well before the economic meltdown and federal loan bonanza of late 2008, but it's still taking shape as the carmakers find ways to work to their mutual benefit. Today Fiat CEO Sergio Marchionne reaffirmed his confidence that Fiat will be able to...

Once again General Motors is issuing a warning that it may run out of cash. How, you might wonder, considering the billions in taxpayer dollars that have already been pumped into the company? It's unfortunately very simple: GM is still playing catchup with its debt, and all the money spent so far...

In a plan to stimulate the flailing American economy and instill confidence in the credit market once more, the U.S. federal government will be launching a new $200 billion program to help Americans finance large purchases. Previously, it was thought that the government could increase the program...

The U.S. Senate killed the 'Cash for Clunkers' bill in February on the argument that it wouldn't have enough of an impact. While they may have been right - the bill only allowed for limited incentives - the premise has proven successful in Germany. Running against a very strong current of downward...

A new-generation of plug-in hybrid vehicles may still be a couple of years away from reaching showrooms but the $700 billion Wall Street bailout bill passed by Congress and signed into law last October by President Bush and expanded by President Obama's recent stimulus package secures a tax break...

People aren't buying new cars. It's really that simple in a lot of ways; the economy is down, the future is uncertain and no one wants to bet their house that they'll still have a job in six months. So Chrysler has been going wild with incentives to try to prop up sales in a market that just...

Porsche, the once unassailable leader in the sports car segment, has proven that it is not completely shielded from the current economic crisis sweeping the globe. In an official statement, Porsche has revealed that the first six-months of the 2008/2009 financial year have not exactly been smooth...

The bosses at Audi are gunning for their German rivals BMW and Mercedes-Benz, announcing this weekend a goal to sell more cars than either in Europe by 2010. Audi's continental domination will be followed soon after by the Volkswagen Group's rise to the number one spot in the world, if the company...

Ford has been one of the most active of the Detroit 3 carmakers when it comes to cutting executive pay and white collar jobs, and today the Blue Oval announced its latest measure for weathering the economic storm and turning around its slumping performance. Hourly workers at Ford will get yet...

Earlier this month General Motors announced that it was putting plans for the construction of a new engine plant in Flint, Michigan, on hold. The plant was to build a new range of 1.4L four-cylinder powertrains for cars like the Chevrolet Volt and Cruze, but a company spokesperson has now revealed...

There is mounting speculation that ailing Detroit carmaker Chrysler may not be able to survive as a standalone firm. Negotiators in Detroit are working furiously to secure a deal with Italy’s Fiat Group but if the proposed alliance falls through Chrysler has a number of options as backup. One...

The resurgence in domestic car quality (it's real) hasn't quite caught up with the members President Obama's newly-formed Task Force on the Auto Industry, or at least so it would seem from their personal car choices: 18 of 20 members and senior aides drive imports. It's not a surprise the majority...

Honda, like most major carmakers, is experiencing one of its worst performance slumps in decades. Shrinking demand worldwide for new vehicles and a strengthening yen have had disastrous effects on the company’s bottom line, with the most recent profit warning predicting a $3.7 billion...

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...

Chrysler’s request for an additional $2 billion in government funded loans in its latest viability proposal looks trivial compared to the $16.6 billion requested by General Motors today in front of the U.S. Treasury. Without this funding GM says it could run out of money as early as next...

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...

Building a foundation for the reconstruction of the industry, General Motors and Chrysler are required to submit new plans for viability today as part of the loan agreement established late last year. GM has yet to unveil their reworked plan, but Chrysler has just released the key details of its...

Detroit's carmakers are due to submit their latest viability plans to the government later today, but already a White House source has leaked that General Motors and Chrysler will both be getting new loan funds. GM's $4 billion loan and Chrysler's $3 billion will bring the total amount handed out...