Tag Archive for 'Auto industry'February sales figures likely to be weaker than expected March 2nd, 2010 by Bill Cawthon
Severe winter storms and Toyota’s troubles are forecast to take a bite out of the February light vehicle sales to be reported today. Fallout from Toyota’s less-than-stellar handling of its multi-million-vehicle recall is estimated to have left the top Japanese automaker anywhere from 10% to 27% short of its numbers from February 2009.
Auto sales drop in April May 1st, 2009 by Bill Cawthon
April’s seasonally adjusted annualized sales rate (SAAR) dropped back to 9.32 million light vehicles, a half-million-unit decline from March 2009 and a 5.2 million-unit drop from April 2008. It’s the second-lowest SAAR since the early 1980s and it may temper hopes that the market is rebounding. Analysts had been looking for a SAAR in the [...] ShareGM denies Pontiac rumors April 25th, 2009 by Bill Cawthon
General Motors has released a statement regarding widespread reports that the company planned to terminate its Pontiac brand, leaving the automaker with Buick, Cadillac, Chevrolet and GMC. Obama’s actual statements March 30th, 2009 by DaveAdmin
In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House. New $825 billion bill includes help for automakers January 16th, 2009 by Bill Cawthon
The massive American Recovery and Reinvestment Bill of 2009 has been presented to Congress for its consideration. The bill combines $275 billion in tax cuts with $550 billion worth of what Rep. Dave Obey of Wisconsin, chairman of the House Appropriations Committee, calls “thoughtful and carefully targeted investments” in technology and infrastructure. Auto industry seen as most distressed in 2009 December 30th, 2008 by Bill Cawthon
The automobile industry, hammered by slow sales and tight credit, will pass homebuilding as the most distressed industry in the United States next year. The still-suffering housing industry, the winner for 2008, is seen as falling to third, after autos and the retail sector, according to an early December survey of the213-member Turnaround Management Association. |
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