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Auto Industry Crisis
Auto Industry Crisis
Tax Credits Keep GM Headquarters in Downtown Detroit But how many jobs will be saved?
GM Will Keep Headquarters in Downtown Detroit General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits.
A $124 Billion Investment in Electric Cars A group of automakers, utilities and battery makers is urging the federal government to make a major investment in electric transportation.
GM reports $1.2B 3Q loss, says it shows progress General Motors reports it lost one-point-two billion dollars from the time it left bankruptcy protection through the end of the third quarter. That's s big improvement from the past and may indicate the auto giant is starting to turn things around.
Ford Wants to Keep Police Cruiser Market Ford Motor Co. says it plans to sell a new police cruiser vehicle to replace the Crown Victoria once the sedan is phased out of production in 2011.
BBDO Detroit Loses Chrysler Account, Will Close in 2010 An advertising agency in metro Detroit says it will close its doors at the end of January, leaving more than 450 people out of a job.
Toyota Posts Small Profit In Latest Quarter Toyota says cost-cutting, cash for clunkers, and an easing recession improved its financial results in the latest quarter.
Remaking Chrysler Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company's sagging fortunes.
UAW Formally Rejects Ford Contract Concessions The proposed contract concessions were intended to bring Ford's UAW contract in line with those worked out in bankruptcy by GM and Chrysler. But UAW members rejected the proposed contract concessions by a wide margin.
GAO: Taxpayers Will Not Recoup Money Given to GM, Chrysler Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past."
Ford Posts Surprise Profit Ford Motor Co. says it made nearly $1 billion in the third quarter, fueled by U.S. market share gains, cost cuts and the government's Cash for Clunkers rebates.
UAW Expected to Reject Ford Deal The United Auto Workers union had given local plants until this Monday to complete voting. But a person briefed on the voting said Saturday that the contract changes have been rejected.
Detroit Squad Car Cameras Are Being Fixed, Says Chief Squad car cameras mandated by a deal with the U.S. Justice Department over police brutality have rarely worked since they were installed four years ago. But Detroit's Police Chief says the problems are being addressed.
Ford Adds Millions To Already Massive Recall Another four and a half million Ford vehicles are being added to a recall for faulty switches that can cause fires even when the ignition is turned off.
Will Ford Have Trouble Getting UAW Members To Agree To Contract Concessions? One auto industry analyst says Ford Motor Company might have trouble getting rank and file UAW members to agree to a new round of contract concessions.
LaHood: Detroit Three On Their Way To Recovery U.S. Secretary of Transportation Ray LaHood says he was impressed by the drive and innovation at Ford, GM and Chrysler during his two-day visit to Michigan.
Ford, UAW Reach Contract Concessions Deal Details of the agreement will be presented to plant-level union leaders from across the country at a meeting Tuesday in Detroit.
Transportation Secretary In Detroit U.S. Transportation Secretary Ray LaHood is scheduled to visit Detroit's planned boat terminal with members of the area's congressional delegation.
CEO Says GM's Global Market Share Is Up General Motors Co. CEO Fritz Henderson says the automaker's global market share has risen slightly in the third quarter versus the first half of this year.
Delphi Emerges from Bankrupcty Auto supplier Delphi says it's emerging from bankruptcy protection nearly four years to the day it filed for Chapter 11.
Delphi Emerges From Bankruptcy After Four Years Delphi Corporation, once a vast company producing many of the parts needed for GM vehicles, has emerged from bankruptcy, a third its former size.
Chrysler Makes Changes At The Top The company said Monday that Fred Diaz Jr. will be president and CEO of the Dodge Ram brand, which consists of vehicles like the Dodge Ram pickup. Diaz will also be Chrysler's top U.S. sales executive.
September Auto Sales Down As Expected U.S. auto sales in September were down about 25-percent from last year, but Ford beat the industry average.
GM to Shut Saturn Down After Deal with Penske Falls Through Penske Automotive says it will not go through with a deal to acquire the Saturn brand from General Motors.
Penske Drops Bid For Saturn Penske Automotive says ends talks to buy the Saturn unit of General Motors.
Toyota Recalls 3.8 Million Vehicles Toyota says it will recall 3.8 million vehicles in the United States to address problems with a removable floor mat that could interfere with the vehicle's accelerator and cause a crash. The company says it will be the largest U.S. recall in its history.
GM Ends eBay Promotion General Motors says it's ending a trial program that put new cars for sale in California on eBay as it shifts its focus to national marketing efforts.
Chrysler Plant In Sterling Heights Could Get Reprieve Published reports say Chrysler may keep its Sterling Heights Assembly Plant open for two years past its scheduled closing date of December, 2010.
The Cost of Cleaning Buick City Flint's Buick City may one day become an intermodal transportation hub. But before that happens, the former General Motors industrial site needs a major clean-up.
GM Adds Third Shifts At Three Plants, Re-hires Three Thousand General Motors is shutting down some of its plants, but moving the work to others and increasing production of some vehicles.


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