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31 May 2007 posted in Auto 7 views
UAW to take on automaker healthcare burden? As many of you know (and have commented prolifically on), the Big 3 carry an enormous burden that import competitors like Honda and Toyota don't: unionized retiree health care costs. GM, for example, ...
Tags: gm, chrysler, goodyear, billions, health care costs, christian science monitor, uaw, liabilities, auto companies, hook, united steelworkers, retiree health care, labor contract, beneficiary, voluntary employee, enormous burden, industry expert, contract agreement, lump sum, guarantees
23 May 2007 posted in Government/Legal 7 views
They want more: CA petitions to raise automaker fleet standard to 40 mpg Depending on your viewpoint, California is trying to make the world better for people everywhere, or trying to kill all the joy of automobiles and perhaps the entire domestic auto industry. In 2004, C ...
Tags: gm, selling cars, fleet, automakers, mpg, detroit news, billions, automobiles, fleets, constituents, co2 emissions, domestic auto industry, viewpoint, senators, federal permission, state of vermont, co2 levels, eleven states, industry partners, petitions
15 February 2007 posted in Toyota 2 views
Toyota fears backlash over US success Toyotas don't always have the best looks or the best horsepower or the best driving characteristics, but customers seem to want the company's products the most anyway. They're winning share from other ...
Tags: gm, automakers, automaker, horsepower, auto industry, rebates, billions, benchmark, silverado, domestics, highlander, free press, backlash, fears, salaries, yen, quality armor, outrageous profits, poor sport, engine sludge
26 December 2006 posted in Earnings/Financials 3 views
Chrysler to present restructuring plan in February Chrysler Group CEO Tom LaSorda travelled to DaimlerChrysler's headquarters in Stuttgart, Germany, last Wednesday to present a restructuring plan to the company's management board. The Detroit News rep ...
Tags: wolfgang bernhard, mercedes benz, chrysler, minivans, suvs, small cars, detroit news, billions, daimlerchrysler, dieter zetsche, chrysler group, restructuring, performance numbers, news reports, stuttgart germany, tom lasorda, group ceo, q3, management board, last attempt
3 December 2006 posted in Earnings/Financials 4 views
Homewreckin' Shareholders want to split DaimlerChrysler The "merger" at DaimlerChrysler never really came off as a good idea. We put "merger" in quotation marks because no one ever really bought it as a marriage of equals, but saw it for what it always was ...
Tags: small car, reuters, carmakers, billions, daimlerchrysler, chrysler group, parent company, merger, match made in heaven, car market, pensions, nissan renault, daimler benz, stockholders, conglomerate, quotation marks, investment experts, separate company, financial experts, lost one
17 September 2006 posted in Ford 5 views
Jaguar's future still up in the air Despite reports Friday that Ford Motor has decided not to sell off its money-losing Jaguar subsidiary, the U.K.'s Financial Times reported Saturday that the issue is far from settled, with a final dec ...
Tags: jaguar, ford, money, reuters, ford motor, billions, subsidiary, marque, financial times, final decision, adviser, mergers and acquisitions, kenneth leet
10 March 2006 posted in Trends 9 views
A peek into the garages of the world's billionaires reveals... a 13-year-old Volvo? Nate Chapnick over at ForbesAuto.com is either terribly resourceful or amazingly persistent, as he's gone to the trouble of ringing up DMVs around the U.S. in order to find out what car keys America's ...
Tags: billions, millionaire, wall street journal, peek, garages, lincoln continental, paul allen, mazda b series, gl, car keys, nate, curbside, steven ballmer, allen of microsoft, figure salaries, aformentioned, kamprad, dmvs, billionaires, trundle
4 December 2005 posted in Car Buying 6 views
The Outback trembles as the Pagani Zonda arrives Italian supercar Pagani Zonda roars down Australia's (paved) roads in a renewed attempt to bring the exotic brand to the jaded attention of the wealthiest Aussies. Apparently the price tag – $1. ...
Tags: billions, price tag, fame, 1 million, australia, attempts, outback, pagani zonda, crocodile dundee, paul hogan, paved roads, aussies, stumbling block, crocodile
19 October 2005 posted in Trends 3 views
Chrysler wants a piece of the pie too After GM swung a sweet deal with the UAW that will save it billions in health care costs, Chrysler wants a piece of the action, too. Dieter Zetsche, DaimlerChrysler's new boss-designate, announced tha ...
Tags: gm, chrysler, billions, daimlerchrysler, dieter zetsche, health care costs, new boss, neighborhood, uaw, piece of the pie, sweet deal
19 August 2005 posted in Trends 6 views
Transmission Wars Manufacturers are investing billions to get an edge on economy and performance through development of new transmissions. While the Wall Street Journal article I linked to focuses on the increasing num ...
Tags: automatic transmissions, smg, economy, gears, billions, wall street journal, wall street, allure, manual transmissions, speed automatics, consumer vehicles, street journal article, conventional transmission, alphabet soup, forward gear, transmission types
15 August 2005 posted in Trends 6 views
New Chrysler CEO looks to China During his visit to Mexico last week, Tom LaSorda, the next CEO of Chrysler, made it clear what he considers to be a major threat to the U.S. Auto Industry. LaSorda's biggest concern is the competitio ...
Tags: chrysler, automotive industry, automaker, auto industry, billions, 10 years, asia, china, mexico, u s auto, tom lasorda, auto makers, explosive market, export possibilities, slim margins, ceo of chrysler, matter of survival, assembly costs, chinese companies, keen eye
8 August 2005 posted in Hybrids/Alternative 5 views
Ford blames Toyota for lack of hybrid components Ford is learning the hard way that building hybrids is a tricky business. It expects to triple its hybrid sales with the addition of the Mercury Mariner Hybrid, but its transmission supplier, Aisin Se ...
Tags: toyota, automakers, ford, hybrids, honda, japan, mercury mariner, mercury, billions, blue oval, mercury mariner hybrid, hybrid components, first dibs, seiki co, domestic suppliers, aisin seiki, tricky business, emerging technology, accusations, relationships
26 January 2005 posted in Trends 5 views
Do we have to merge? GM's forced buyout of Fiat has been postponed until February 2. The two companies will hold talks through February 1 to avoid the mandatory merger. GM needs to avoid the acquisition at all costs becau ...
Tags: gm, billions, fiat, february 2, merger, acquisition
26 October 2004 posted in Aftermarket 10 views
Tuner Tuesdays - The Z that's not a Z Every Tuesday, we'll try to feature something interesting from the fringes of automotivedom - the aftermarket, or tuner market.  This folks, is a segment that generates billions in revenue each y ...
Tags: liter, torque, segment, horsepower, rear wheels, nissan, billions, 350z, chris forsberg, displacment, vq35de, stock motor, fiery death, motorex, sr20det, high compression, concrete wall, powerplant, fringes, silvia
22 October 2004 posted in Trends 8 views
Take a ferry get an X-ray on your car That fun loving group called The Department of Homeland Security has sent a mobile X-ray truck to Cape May, New Jersey in an "experimental" program to invade…I mean to look into the empty cars ...
Tags: x ray, law enforcement, transportation security administration, cape may new jersey, toll booths, cargo containers, empty cars, paranoid state, department of homeland security, search warrant, loving group, states supreme court, united states supreme court, leeway, department of homeland, foreign countries, deputy director, tax dollars, billions, homeland security