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Ford Posts $129 Million 3Q LossFord Motor Co. says it lost $129 million in the third quarter as the struggling automaker burned up $7.7 billion in cash. The automaker also said Friday it will cut another 10 percent of its North American salaried work force costs as it tries to weather the worst economic downturn in decade... |
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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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G.M. Sees Hope for Aid in Obama VictoryGeneral Motors is hoping that Senator Barack Obama’s victory in the presidential election will mean more federal aid and better times for the automaker — and, maybe, some help with its proposed merger with Chrysler. On Wednesday, G.M. issued an unusual corporate statement congratulati... |
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