Industry

Detroit's carmakers announced their expected tough profit and loss statements this week, and now they're announcing another round of incentives in an effort to help push the bottom line back toward black. General Motors and Chrysler have both released word of their extended incentive programs...

Following yesterday's announcement from Ford that it had lost a staggering $8.7 billion in the second-quarter of the year comes news that Chrysler lost a much less substantial $515 million in the first-quarter. The latest result represents the financials for both Chrysler and its finance arm, and...

General Motors may be looking to expand its links with even more international carmakers, with latest reports indicating the U.S. auto giant is talks with Chinese carmakers Hebei Zhongxing and First Automobiles Works (FAW) Group. Zhongxing is one of the biggest pickup truck manufacturers in China...

For the first time since Mercedes-Benz began building cars in Alabama, production numbers will be reduced because of shrinking demand for the large SUVs the Tuscaloosa site is responsible for. The plant's 3,869 employees produce the GL-Class and ML-Class SUV's, as well as the R-Class crossover. The...

Updated: The final legal hurdle to the merger of the two satellite radio giants XM and Sirius has finally been cleared - unofficially. FCC approval of the deal was secured after the two companies agreed to pay fees in relation to prior violations of FCC regulations. "I think it's fair to say an...

Coinciding with news of an $8.7 billion second quarter loss, Ford also announced today its latest North American restructuring plans and future product developments for the Ford, Mercury and Lincoln brands. The biggest impact is the considerable shift in Ford’s North American product plans...

Ford has reported an $8.7 billion net loss for the second quarter of the year, with declining sales of large pickups and SUVs and a pre-tax special charge of $8 billion largely to blame for the poor result. The special one-off charge included impairments of $5.3 billion for Ford North...

While the automotive universe has certainly been shaken at its foundations with a confluence of unfortunate events this year, all is not lost. Cloudy second-quarter and first-half results appear to have a few silver linings as the industry begins to adjust to the new face of the market. General...

Chrysler has confirmed that it will shed up to 1,000 salaried jobs by the end of September in an effort to reduce costs and streamline its business. Chrysler now joins fellow Detroit carmakers General Motors and Ford, both of which have also announced similar cuts to their salary staff. Employees...

Despite claims at the car's debut that the run of 6,400 2008 Challenger SRT8s had almost sold out, the truth is that many of them are still available. The problem could be, at least in part, driven by dealer markups, though the general downturn in the U.S. market is also likely playing a role. Over...

General Motors' roll-out of the Chevrolet Volt plug-in hybrid is set to have a large impact on the United States power industry. In a bid to anticipate this impact, General Motors will likely team up with the Electric Power Research Institute (EPRI) - an institute that conducts research for several...

One of the first race series to be founded on the premise of using energy-efficient, the enviroSportscars Series will team professional race drivers with celebrities in a pan-European series that spans three racing genres, including circuits, drag strips and city-center rallies. The cars themselves...

Since announcing the completion of the sale of Jaguar and Land Rover to Tata, managers have been talking about pushing the brands upmarket so they can make more profit per vehicle rather than selling them in larger quantities. Such a move is important because Jaguar’s yearly sales sit at...

Cutting models while adding value to existing mid-range trims could be the new tactic at Chrysler as it fights to regain sales and stability in the turbulent market. The changes are wrapped up in a plan called "Fight Back" that the carmaker is rolling out to parts suppliers this week, and things...

Having pledged last month to back a plan for nation-wide emissions standards for the car industry, presumptive U.S. presidential nominee John McCain today reversed his stance when he told a group gathered for a town hall meeting that he supports individual state-set emissions standards. Choosing to...

Even as the company changed hands from Ford to Tata Motors, Jaguar dealers delivered on their promise of top-notch customer service, topping J.D. Power's Customer Service Index Study rankings - for the second year in a row. The new XF's debut no doubt helped it secure a high finish in the recent...

Turning away from niche vehicles and small-market cars, GM is looking to build nothing but high-volume cars for the near future. That means significantly cutting back truck output and focusing its energy on cars and crossovers. The company has had some recent success with high-volume products in...

Figures released today show that four of the top five cities for car theft are in California, based on 2007 statistics. The research, done by the National Insurance Crime Bureau, is based on reported thefts and ranks cities by the number of cars stolen per 100,000 inhabitants. The four highest...

Senators John McCain and Barack Obama have both sympathized with the major carmakers and the auto workers who may have lost their jobs in GM's corporate restructuring. Both presumptive Presidential nominees remarked that the development was evidence of the tough economic times hitting America...

General Motors Company's [NYSE:GM] latest press conference effectively revealed the company's entire strategy for combating the current fuel crisis. Rick Wagoner and Bob Lutz, both key representatives in product development at GM, have revealed that the automaker will be becoming more and more...