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European GM and Ford suppliers lose credit insurersThe bad news just continues to pile on... AutoBlog (via the Financial Times), is reporting that the suppliers of European arms of both GM and Ford have lost their credit insurers. Euler Hermes, Atradius, and Coface will no longer write policies for suppliers trading with eithe... |
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Fujitsu development enables real-time wraparound vehicle viewFiled under: Transportation Fujitsu and automotive safety advancements go hand-in-hand, so it's no shock whatsoever to hear that the outfit is fixing to showcase a new technology that enables wraparound view of vehicles in real-time. The new video-processing technology "adapts to different d... |
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Ford may launch employee pricing as soon as next weekFiled under: Car Buying, Ford, Earnings/FinancialsEmployee pricing, that tricky sales tactic that helped GM post better sales figures than its competitors back in August and September, are about to work their magic for the Blue Oval. According to reports, Ford is planning to launch an employee prici ... |
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Opel asks for German public loan guaranteesBERLIN (AFP) - German carmaker Opel, a unit of troubled US giant General Motors, said on Friday it has asked Berlin and regional states for credit guarantees to ensure its financing. ... |
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Chrysler paying executive bonuses while cutting jobsDespite the fact that Chrysler LLC is shedding jobs and drastically cutting spending in order to stay afloat, a new report today reveals that the automaker is paying out incentives to 50 of its top executives. The retention bonuses are part of an incentive plan crafted last year by DaimlerChrysle... |
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Wagoner: HUMMER is the only brand for saleFiled under: GM, HUMMER, SaabGeneral Motors CEO Rick Wagoner has confirmed that HUMMER is the only brand in the automaker's portfolio that's up for sale. Many believed that Saab's days were also numbered and the Swedish brand would be getting out from under the corporate umbrella as soon as a buy... |
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