Industry

Like all good compromises, it seems none of the parties is really happy with the outcome, but General Motors, Chrysler and the Canadian Auto Workers have reached a tentative labor agreement. Involving both continued production at some plants and job cuts all around, the deal will keep both sides on...

Update: Porsche has confirmed that it has no need to build its Cayenne SUV in North America and has no plans to do so at a later date. A spokesman for the carmaker has revealed that Porsche will be immune to the negative effects of a weak U.S. dollar though until 2013 due to hedging so has no...

While the U.S. government has implemented a fleet-wide fuel efficiency standard of 35mpg by 2020 for carmakers (plus an interim mandate of 31.6mpg by 2015), California is planning to implement its own ruling of 36.8mpg by 2016. The issue has been a major headache for carmakers as California...

Republican presidential candidate John McCain revealed this week his plan to fight global warming, promising to increase funding for alternative fuel vehicles and power generation as well as introduce a market-based cap on greenhouse gas emissions. Under his plan, McCain predicts by 2012 greenhouse...

GM has resumed production at five plants that had been affected by an 11-week strike at its supplier American Axle. The sites include the Oshawa plant in Ontario, responsible for the Chevrolet Impala and Silverado as well as the GMC Sierra, the Ramos Arizpe plant in Mexico, which builds the HHR...

GM dealers and customers are beginning to feel the effects of the United Auto Worker strike at American Axle, as well as the UAW walkouts in two GM factories. Despite GM's most recent attempt to buy off workers from American Axle with a $200 million payout, the General has had to cut production...

Despite GM's massive $3.3 billion dollar loss for the first quarter of 2008, the General has gone ahead with the purchase of its previously leased headquarters in Detroit. The deal went through for GM to purchase the Renaissance Center for a cool $626 million as well as forking out another $200...

Ford has told its shareholders to hold out for an official appraisal from the Blue Oval before taking action in regards to a tender offer from the Tracinda Corporation. The investment firm, belonging to billionaire investor Kirk Kerkorian, is offering to purchase 20 million shares at a price of...

With no end in sight to rising fuel prices, Americans more than ever are switching from fuel-heavy SUVs and sporty V8s to economical four-cylinder sedans and compacts. Fuel economy has quickly become the top priority for new car buyers and according to a new survey nearly eight in ten Americans...

A lack of supply of key parts has caused GM to stop producing some of its best-selling models, such as the GMC Yukon, Denali, Sierra heavy-duty pickups and others. American Axle's ten-week strike is one of the primary causes for the short supply, and GM hopes this offer will get the strike over and...

Despite the harried road to production of the MG TF roadster - at times hindered by quality control, at others by legal hurdles - it seems the iconic car will be making a triumphant comeback under the leadership of the Chinese. The existing TF, with its outdated looks, has been vastly surpassed by...

Just yesterday we reported the Nissan GT-R's sold-out sales success around the globe. Today Audi revealed its R8 is also being bought more quickly than it can be made, to the tune of several months in backlogged sales. Audi's R8 owes some of its success to a mixture of ingredients that almost...

General Motors is experiencing a number of strikes at several of its plants in North America as well as some of its supplier plants. Most of the strikes surround negations with the UAW over local contracts at individual plants, which would protect worker seniority and job security. On Tuesday, GM...

California has some of the toughest emissions and fuel-economy regulations in the world and with news 17 other states are considering adopting these same harsh standards carmakers are starting to feel the heat. Combined, these states account for more than half of the total U.S. market, so such a...

Ford has taken a significant move in the climate change arena by becoming the first carmaker to join 'The Climate Registry' (TCR). The group is a non-profit organization established to measure and publicly report greenhouse gas emissions using a single reporting standard across industry sectors...

Presidential hopeful Senator Barack Obama has slammed pleas from opponent Hillary Clinton to grant a summer holiday from federal fuel taxes. Obama defended his position, stating that America's dependence on foreign oil was the product of a greedy domestic auto industry and reducing the tax will...

Daimler has been tied with a number of carmakers in the recent past, including the likes of BMW, Alfa Romeo and Aston Martin, in regards to possible partnerships and supply deals. Soon, we may be able to add Jaguar and Land Rover to that list in as the German giant is open to forming a partnership...

Volvo's sales slump of the past several months has led to a pretax loss of $151 million in the first quarter of the year, and with no sign of turnaround in sight analysts are predicting Ford could end up selling the carmaker just as it did with Jaguar, Land Rover and Aston Martin. According to...

Chrysler's last few years have been emblematic of the difficulty some of the older portions of the automobile industry are having adjusting to the increasingly mature, saturated and urban U.S. and global automobile markets. But Chrysler isn't counting itself out yet. Repackaging the Chrysler...

Although the first batch of Tesla Roadsters is already on sale - to the tune of 1,000 pre-orders - only four production cars have been built. But that hasn't stopped Tesla from opening its first dealership in one of the busiest sections of Los Angeles. Built at a cost of $2 million, the dealership...