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Auto Industry

Ford Has Worst Year Ever, Lost $14.6 Billion, But Won't Seek Aid

AP | TOM KRISHER and KIMBERLY S. JOHNSON | Posted 05.25.2011 | Business

DEARBORN, Mich. — After the worst annual loss in its 105-year history, Ford Motor Co. still doesn't plan to seek government aid, but it's borrow...

Obama's Emissions Standards Supported By Auto Executives

Politico | Posted 05.25.2011 | Politics

Auto-industry officials were surprisingly receptive to President Obama's announcement about tightening emission standards, saying the steps he announc...

He Fails, We Fail

Gotham Chopra | Posted 05.25.2011 | Politics
Gotham Chopra

Although I have stored up my own reserve of cynicism for just how much the messiah can achieve, you have to realize that hoping to see Obama fail is plain self-defeating.

Toyota May Displace GM As World's Biggest Automaker

Bloomberg | Jeff Green | Posted 05.25.2011 | Business

Jan. 21 (Bloomberg) -- Toyota Motor Corp. is poised to end General Motors Corp.'s 77-year reign as the world's largest automaker after avoiding the w...

GM: Cash Will Run Out Before March 31

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — The target date for General Motors Corp. to get its second installment of government loans passed last week, but a top company executi...

$7 Trillion Meltdown 101: How We Got Here, What to Do Now

Art Levine | Posted 05.25.2011 | Business
Art Levine

It's worth it for non-economists to better understand how got into this mess -- and how to get out of it.

Toyota Making Further Production Cuts In North America

Reuters | Sachi Izumi | Posted 05.25.2011 | Business

Toyota Motor Corp, the world's largest car maker, said it would cut production at several North American plants over the next few months in a bid to h...

GM Expects To Lose 500 US Dealerships

Bloomberg | Jeff Green | Posted 05.25.2011 | Business

Jan. 12 (Bloomberg) -- General Motors Corp. said it may lose as many as 500 dealers in its home market this year, an increase from 350 last year, as t...

One Unhappy Customer

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

The current economic chill may have accelerated your collapse, but these problems have been building for a generation.

The Great American Workout

Chip Conley | Posted 05.25.2011 | Business
Chip Conley

If you're lucky, your lender may become your rigorous personal trainer and be willing to work with you on a new workout plan. If you're not, there's always the path of Lehman Brothers.

Ford Predicts 35 Percent Drop In Sales

Reuters | Kevin Krolicki | Posted 05.25.2011 | Business

Ford Motor Co expects industry-wide December U.S. auto sales to drop by some 35 percent from a year earlier with no sign of a turnaround in the first ...

GMAC Bailout: Government Gives $6 Billion

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of Gen...

Making the Best of the Economic Mess

Don McNay | Posted 05.25.2011 | Business
Don McNay

I don't know how a Citigroup collector is going to convince an unemployed worker that he has a moral obligation to pay up. Thus, I am expecting huge credit card defaults in 2009.

Low Gas Prices May Doom Automakers, Sustainability Expert William McDonough Warns

Diane Tucker | Posted 05.25.2011 | Green
Diane Tucker

Why solicit McDonough's opinion? Because this architect and author, and one of Time magazine's Heroes of the Planet, is no stranger to Detroit or the greening of industrial processes.

Procrastination Doesn't Fix It

Joan Blades | Posted 05.25.2011 | Business
Joan Blades

Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.

Will Barack Obama Commit Industrial Policy?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Obama may soon find that he is committing a big sin against one of the major premises of the reigning ideology, and will create a head-on collision with one of the cherished dogmas of market fundamentalism -- "free trade."

Auto Bailout: Ecological Sustainability Before Economic Viability

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

Detroit does need to find a way to be economically viable over time, but the preeminent need is to ensure that auto manufacturing is viable for the planet.

Bailout or Not, Nothing Will Be the Same for Drivers or Detroit

Trevor Traina | Posted 05.25.2011 | Business
Trevor Traina

Vehicle manufacturers must re-engage their owners and offer them innovative services. What if GM included ads in exchange for lower pricing? What if they developed an in-dash system with Google or Apple?

White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

Is the GOP Risking the Economy to Win the PR War Against Unions?

Art Levine | Posted 05.25.2011 | Politics
Art Levine

With three million jobs at stake, potentially costing taxpayers $150 billion, unions remain the primary targets of the GOP blame game for the troubled auto industry and the failed bailout deal.

Bankers Are No Prettier Than Auto Workers

Michael B. Laskoff | Posted 05.25.2011 | Business
Michael B. Laskoff

Republicans, 2012 is a long way-off. You will have plenty of legitimate issues to fight over. In the meantime, your nation could use your help.

What's Good for GM is Good for Toyota

Daniel Hernandez | Posted 05.25.2011 | Business
Daniel Hernandez

By slashing the tires of the auto bailout, Shelby and McConnell have undone decades of image building by Toyota.

Union Coma

August J. Pollak | Posted 05.25.2011 | Politics
August J. Pollak

A little change of wording turns right-wingers around on the auto bailout. To see more of August J. Pollak's cartoon "Some Guy With a Website," ch...

Don't Blame Japan, O.C. Welch. Blame Yourself.

Disgrasian | Posted 05.25.2011 | Business

South Carolina car dealer O.C. Welsh seems to take some comfort in taking a toe to the pup -- he released five radio ads last week attacking patriots for buying Japanese cars.

Bush: On the Line

Jayne Lyn Stahl | Posted 05.25.2011 | Politics
Jayne Lyn Stahl

President Bush and his henchmen are working overtime to ensure that the full extent of damage inflicted upon detainees never sees the light of day.