Industry

Anyone who loves their car will be familiar with the name Meguiar’s and its range of detailing and car care products. The 100-year-old company is now on the verge of a takeover by industry giant 3M, the makers of Scotch-Tape and Post-It Notes, which announced today plans to acquire it. In its...

The Detroit 3 are already getting as creative as they can to create liquidity as the downturn in the U.S. economy and car market push bottom lines lower and lower. Selling brands and cutting leasing programs, renegotiating deals with union officials and encouraging worker buyouts, the carmakers are...

Ford is struggling to meet sales targets in the Asia-Pacific region, due mostly to a less than optimum product mix balanced in favor of larger vehicles. The Blue Oval has even lost ground in the burgeoning Chinese and Indian markets this past 12 months, as well as other key regions. In fact, Ford...

Bankruptcy, bailouts, secretive plots to kill electric vehicles - General Motors has been accused of seeking all of these. To help set the record straight, or at least put out the official spin, GM has launched a new 'Facts or Fiction' site that aims to torpedo many of the popular misconceptions...

Quitting a well-paying job or taking an early retirement is a hard choice to make during an economic downturn, especially when good credit is so hard to come by, so it makes sense that Ford is having a hard time encouraging workers to take their buyout packages. That doesn't ease the need to...

Car sharing clubs are a sort of communal pool of vehicles that members can use when needed, but otherwise leave parked in a series of small public fleet locations. The arrangement can be both economically and environmentally beneficial, especially in larger cities. Until now, the idea hasn't...

One of the largest carmakers in Russia, GAZ Group, has reached an agreement with General Motors and Penske Corporation to buy a 50% stake in Italian engine design and manufacturing firm VM Motori. GM currently owns a 50% stake in VM Motori, with the remaining 50% transferred to the GAZ Group by...

A number of small and fuel-efficient cars in General Motors' global portfolio, such as the Chevrolet Beat (concept pictured), are being kept from U.S. sale because of differences in the official crash test procedures to those in Europe and elsewhere. Bob Lutz, GM's vice chairman and chief of...

Ford has appointed a new CEO for its Volvo subsidiary amid rumors that the Swedish carmaker could be up for sale and reports that it lost more than $151 million in the first quarter of the year alone. Stephen Odell will replace Fredrik Arp as the carmaker’s president and CEO from October 1...

Updated with new information A recent report from J.D. Power & Associates indicates Indian company Mahindra & Mahindra's (M&M) consumer-level products may not be ready for prime time in the world's largest car market. Anand Mahindra, the company's vice chairman and managing director, has told its...

General Motors reported a staggering net loss of $38.7 billion last year, and followed it up with a $3.3 billion loss in the first quarter of this year and a $15.5 billion loss in the second. Despite the dire situation senior executives are hopeful that the company can return to profitability by...

Update: General Motors’ product chief Bob Lutz has a revealed that test fleets for the production Chevrolet Volt would start running as early as next year and that the first customer cars could start rolling of assembly lines earlier than the proposed November 2010 release date. However, Lutz...

Abnormal relationships between supply and demand are common in the oil industry for a variety of reasons, including the cartels that control its generation, but this year's rapid price rises have wreaked more havoc than typical on the market. One of the end results is that the constant level of...

General Motors and Toyota have long had the first and second-place global sales battle locked up between themselves, but Ford has previously slotted quite comfortably into third place. That appears to be the case no longer, as Volkswagen has announced its first half sales for 2008 outstripped the...

Having already reduced its global sales target for this year, Toyota is trimming figures once again and pushing back its goal to become the first carmaker in the world to break the 10 million annual vehicle sales barrier. The carmaker has announced that it expects to sell about 9.7 million vehicles...

When the EuroNCAP (European New Car Assessment Program) was established back in 1997 the achievement of a five star rating in any of the categories seemed almost impossible. Just over ten years later, 97% of vehicles tested scored either a four or a five star rating in the crucial adult occupant...

General Motors has been granted a multi-million dollar tax break by the officials of the Flint city council in Michigan in order to build a new engine manufacturing facility for the upcoming Chevrolet Volt plug-in hybrid. The new facility, slated to start production in early 2010, will build the...

General Motors Company's [NYSE:GM] truck-focused brand, GMC, has been hit hard by changing consumer preferences, which has led to several reports that certain scheduled GMC products could be scrapped altogether. While GM continues to deny the rumors, the most likely candidates on the chopping block...

Americans are driving less and less as oil prices continue to hold at relatively high levels, but despite the decrease in road usage, insurance companies aren't dropping their rates. Typically, distance driven is directly correlated with the likelihood of crashes - that's the basic theory that...

When oil prices continued shooting skyward and the U.S. economy faltered through the second quarter of this year, Ford announced it would be shifting its focus from trucks to cars. One of the first major steps toward the new product balance is now underway, with $75 million earmarked for retooling...