General Motors Plans to File IPO Registration as Soon as Tomorrow

With all the pieces finally in place, GM plans to file the registration for its IPO, which could come as early as Thanksgiving. The filing is expected to take place tomorrow or Monday at the latest.

Posted in In the News

Automakers Turn to Silicon Valley to Meet Increasing Demand for Automotive Consumer Electronics

Major automakers are teaming up with Silicon Valley startup companies to help them develop new cars and trucks that satisfy consumers’ increasing appetite for new, innovative technologies.

Posted in In the News

Fleet Sales Bolstering Chrysler and GM Sales

General Motors Company and Chrysler Group have both reported robust sales this year, but internal documents obtained by a major industry publication show that a large percentage of those sales have been to rental fleets.

Posted in In the News

Detroit’s Big 3 Automakers Keep Lid on Production to Drive Higher Profits

After decades of building more vehicles than the market could support, Detroit’s Big 3 automakers are keeping their inventories lean – a little too lean to suit some dealers.

Posted in In the News

Chrysler to Offer Up to 25 New Models by 2013

Chrysler dealers have been clamoring for new products since the company emerged from restructuring bankruptcy last year and it appears their cries have been heard. Chrysler has announced that it will field up to 25 new products by 2013.

Posted in In the News

Japanese Automakers Look to Cut Export Costs as Yen Reaches 15 Year High

As the yen’s worth climbs, it’s becoming harder for Japanese companies to make a profit on cars they build for export to the U.S. and elsewhere.

Posted in In the News

Volkswagen has Big Plans for U.S. Auto Market

Volkswagen AG has set its combined U.S. sales goal at one million units per year by 2018.

Posted in In the News

NHTSA Finds Driver Error to Blame for Most Toyota Sudden Acceleration Accidents

The National Highway Traffic Safety Administration has announced that human error was to blame for the majority of accidents it has investigated in its probe of sudden acceleration complaints about Toyota vehicles.

Posted in In the News

Newly Redesigned Scion tC May be Too Pricey for Younger Buyers

Scion owners and buyers asked for a better quality car, and the new Scion tC was born. However, with a price about $1,200 higher than the original model, some are wondering if the tC’s target market can afford the improvements.

Posted in In the News

Texas Plant to Build Toyota Tacoma Pickups

In San Antonio, Texas, 1,000 workers have been added to the roster at the Toyota Motor Corporation production facility. For the first time since the plant’s difficult start in 2006, it will be operating near full capacity building Tacoma pickup trucks.

Posted in In the News

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