Former Car Czar Downplays Importance of GM Loan Repayment Ad, Praises CEO Whitacre

In a recent interview with the Detroit News, former “Car Czar” Steve Rattner praised General Motors Company chairman and CEO Ed Whitacre but said the automaker “slightly elasticized the reality of things” when it claimed to have paid its government loans off “in full.”

Posted in In the News

Mulally Reassures Ford Shareholders at Annual Meeting

Ford Motor Company CEO Alan Mulally told shareholders that he expects next year’s earnings to increase over the “solid” profit the company has seen so far in 2010.
“We’re clearly on a path now of profitable growth,” he said at the annual meeting shareholder meeting in Wilmington, Delaware on Thursday.

Posted in In the News

Ford and Mazda Seek to Terminate 3-Way China Joint Venture

Ford Motor Company, Mazda Motor Corporation and Chongqing Changan Automobile Company [wiki] are reportedly seeking approval from the Chinese government to terminate their three-way tie up.
Two sources with direct knowledge of the matter told Reuters that Ford and Mazda plan to pursue their own separate partnerships with Changan. The new two-way tie ups will reportedly give Ford and Mazda 50% ownership stakes in their respective joint ventures.

Posted in In the News

GM Gives Hummer until May 1 to Sell or Wind Down the Brand

Last week, General Motors Company announced that it would wind down its Hummer brand on news that the Chinese government

Posted in In the News

Toyota Recalls Slowed U.S. Auto Sales Recovery in February

Although U.S. auto sales for February are expected to be higher than a year ago, the fallout from Toyota’s recall

Posted in In the News

Chrysler Blames “Supplier Constraints” for Shortage of Jeep Wrangler Hardtops

In a memo sent to dealers, GM attributed the short supply of Jeep Wrangler hardtops to supplier constraints and instructed

Posted in In the News

Lutz Predicts Significant Increase in GM’s Market Share in 2010

In an interview with Reuters at last month’s National Automobile Dealers Association convention and expo in Orlando, Florida General Motors

Posted in In the News

Ford to Cut 900 Workers at Mustang Production Plant

Ford Motor Company has announced that it will eliminate one shift at its AutoAlliance plant in Flat Rock, Michigan. Ford

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Toyota Customer Loyalty Slips as Recall Troubles Persist

Consumer Reports on Friday reported that the number of current owners who would consider buying another Toyota vehicle has fallen

Posted in In the News

Boone Pickens Promotes the "Pickens Plan" at NADA Convention

Speaking at the NADA convention and expo in Orlando, Florida on Tuesday, T. Boone Pickens said the first step toward

Posted in In the News

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