BY NICK BUNKLEY
New York Times
TRAVERSE CITY, Mich. — Trying to stimulate demand and return to profitability, Detroit automakers are rushing to get new models into dealerships.
New and redesigned models typically command higher prices, generating larger profit margins. They also tend…
BY NICK BUNKLEY
New York Times
DETROIT — General Motors expects to lay off thousands of factory workers after the number who voluntarily quit through a recent buyout and early retirement program fell short of the carmaker’s target.
GM, which has a full-size…
BY STEPHEN MANNING
AP Business Writer
WASHINGTON — The government’s cash for clunkers program has been so popular that the $1 billion fund set aside to pay for it has nearly dried up. With the chance to take up to $4,500 off…
BY BILL VLASIC
New York Times
DEARBORN, Mich. — After a 21-year run, the Ford Taurus was headed for the scrap heap in 2007. The Ford Motor Co. planned to retire the name, and call its new sedan the Ford Five Hundred…
BY ANDREW E. KRAMER
New York Times
MOSCOW — Executives at Avtovaz, the largest Russian carmaker, are reportedly considering laying off about 27,000 employees to improve performance at a factory that has been clobbered by the sharp drop in demand for cars.
The…
BY NELSON D. SCHWARTZ
New York Times
TYCHY, Poland — For decades, automakers looking for the secret to small-car success would journey to Toyota City in Japan. These days, they are coming to Tychy.
Since Fiat effectively took over Chrysler this year, engineers…
BY GEORGE FREY AND OLIVER SCHMALE
The Associated Press
FRANKFURT — Germany’s auto industry finds itself on the cusp of increased ownership by foreign investors, with stakes in Porsche AG and Adam Opel GmbH — whose reputations for being German-designed and built…
There has been much speculation on Wall Street that Cerberus Capital Management is planning to break up Chrysler and sell off the automaker’s most popular brands.
But an article in the New York Times makes the argument that it looks like Cerberus…
