AutoIndustry

There's a reason Detroit is called the Motor City. The U.S. Auto industry was born there in a swath of southeast Michigan no larger than the state of Vermont. And when the industry was booming, the area was the epicenter for all things automotive. But ...

Automobile manufacturers and dealers spent $7.5 billion on advertising during the first six months of 2009, says TNS Media Intelligence. The company that keeps track of nearly every form of advertising for all industries is reporting that the figure represents a 30.8% drop compared to the same ...

Want to know a fun fact that can probably win you a free round at the bar? P.T. Barnum didn't say, "There's a sucker born every minute" – a man named David Hannum did. But before that, we can talk about George Hull. After an argument with a minister about a passage in the book of Genesis ...

Mexico hasn't accounted for nearly as much ink as the U.S. and Canada in recent discussions of the auto industry. But in case anyone was wondering, they're in a big hurt south of the border as well. While the American market's decline in auto sales factors in at about 25% overall, the Latin ...

General Motors has announced its planned production for next year: 2.8 million vehicles. That's a 45% increase over its production this year – 1.9 million cars and trucks – and according to some analysts, it's completely unwarranted. GM says it arrived at that number based on "real ...

We all know the state of the auto industry right now, especially with regard to the Detroit three. We'd say it's somewhere between normal and completely screwed. Sales volume has been mostly woeful, two of the Detroit automakers needed a taxpayer bailout to survive, and Chrysler has been passed ...

Building on speculation that first leaked yesterday is word this morning that a pair of Obama administration officials have told The Associated Press that Chrysler will indeed file for bankruptcy. The decision was apparently reached after debtor negotiations with hedge funds "crumbled overnight."If ...

Before we begin, let us state clearly that this is speculation by Karl Denninger at The Market Ticker. Examining the various stakeholders' interests in General Motors, Denninger has come up with a scenario that supposes GM's bondholders might actually want the automaker to file for bankruptcy. The ...

According to The Detroit News, Avtovaz, Russia's largest car maker and the home of Lada, is in line for government help. The Russian car industry is faring even more poorly than its counterpart in the U.S., with a 60% drop in sales being ...

If we were cynics, we could say that Ford just happened to get stuck in deep doo-doo when America's credit markets were still reasonably flexible. When Ford leveraged all of its assets, right down to its logo, the most difficult part was probably not getting the money, it was probably swallowing ...