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G.M. Suspends Merger Talks With ChryslerGeneral Motors disclosed Friday that it was suspending its merger talks with Chrysler. The disclosure came after the automaker delayed reporting a larger-than-expected $4.2 billion loss in the third quarter until the late morning and said it was in danger of running out of cash. G.M.’s resu... |
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Ford to idle Mexico sedan plant despite new model launchIt’s very rare that an automaker will shut down a factory just a month after the launch of an all-new product line, but that is exactly what Ford intends to do in order to keep supply in line with demand. The Michigan automaker announced on Friday that it will be idling its Hermosillo, Mex... |
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SEMA OEM Report: Scionara?Kia’s booth at SEMA was quiet and empty compared to the Genesis-fest at sister firm Hyundai’s space. But fewer fans meant a chance for a closer look at several near-production concepts that point the way forward for the “other” Korean budget automaker. And though Hyunda... |
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Toyota trims earnings forecastToyota says that the global economic condition is hurting its ability to post a strong net income forecast for 2008 to just one-third of what it was last year. Toyota, expected to retain its title as the world’s most profitable automaker, announced yesterday that net income will likely decl... |
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John Heinricy, performance and driving guru, retires from GMJohn Heinricy, the man behing General Motors Performance Division, has announced that he will be retiring from GM. Heinricy started with GM almost 40 years ago and has had a hand in some of the automaker’s most exciting and important vehicles. Even if you don’t know Heinricy by name... |
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'zero' ad drives some cuck00Car shoppers are sure to cheer Toyota's decision to extend zero-percent financing for another month, but another decision may have them hitting the mute button: The automaker will keep airing an ad for the deal that has sparked ire among TV viewers... ... |
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