Big Three


Oil may hit $35/barrel in wake of auto bailout bust

With the U.S. Senate denying the Detroit 3 relief plan, it looks like oil prices might continue to tumble. Our sibling site BloggingStocks is predicting barrel prices might drop as low as $35 as a result. This comes on the heels of predictions of higher prices in the near future. It had been thought that OPEC and possibly Russia would be curtailing production, which might have led to higher prices, but if the U.S. auto industry collapses, demand for oil could plummet. That would result in even lower oil and gas prices. In fact, oil prices ... Read more →

UAW wants executive pay to be limited

The president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance ...

Michael Moore mixed on Big 3 bailout

While there is definitely a huge rift between those who favor a Detroit bailout and those who would rather see the Big 3 fade away, you'd think that someone like Flint-native and documentary maker ...

Auto industry advertising slump hurting old media

Mainstream media has been quick to pile on Detroit automakers, which, along with some questionable Motown metal, has helped drive nationwide perception of the Big Three into the ground. Now that times ...

Asian brands beat Big 3 sales in May

Just less than a year ago, the Big 3 domestic automakers' combined market share dropped to less than 50-percent of the overall automobile market. That sobering statistic was made factual when the ...

Big Three market share steadily running toward empty 2 years ago on Autoblog

The Big Three's dwindling market share is no secret. We've heard about it for years. But The Plain Dealer in Cleveland took a closer look at the numbers and was surprised at just how rapidly domestic automakers have been overtaken. For example, GM, Ford and Chrysler shared 74 percent of U.S. auto ...

Fed official apologizes for recommending imports in newsletter 2 years ago on Autoblog

Domestic automakers may be losing market share, but it appears their clout is intact. The Department of Health and Human Services issued an apology for a recent newsletter that suggested only Japanese and South Korean vehicles in a list of 12 "green" vehicles for their 67,000 employees to buy. ...

Them are fightin' words: Lutz goes off on the 'experts' 2 years ago on Autoblog

Maximum Bob has had enough of automotive experts who question the guile of domestic execs, and as usual Mr. Lutz isn't afraid to share his thoughts with all who are willing to listen. At his recent speech at the Center for Automotive Research's annual management conference, Blogger Bob opened a ...

Ford is not #4, still part of Big 3 2 years ago on Autoblog

After all the sales numbers for the month of January were released, reports began popping up that Ford had fallen to fourth place in sales in the U.S. last month behind General Motors, Toyota and the Chrysler Group. This is nothing more than selective journalism, with journos picking out the numbers ...

Could the Big Three learn from Apple? 2 years ago on Autoblog

Associated Press Business Writer Tom Krisher makes a few good points about how the Big Three (or 2.5 if you prefer) could stand to learn from Apple's comeback. Well, ok, one good, though not exactly new, point. We've all heard it, if not said it ourselves. It's all about the product. Just like ...

Riding out the storm: 2007 going to be a bad year for sales 2 years ago on Autoblog

The automotive industry isn't back on the upswing yet. 2007 may prove to be a nine-year low for sales at 16.2 million units, with Detroit automakers taking the biggest hit. CSM Worldwide, leading auto industry analysts, released a report recently indicating that U.S. light-vehicle sales would drop ...

Bush meets with Big Three, has open ear but no commitments 2 years ago on Autoblog

We've just finished watching the coverage of a press conference held outside the White House following the president's meeting with General Motors CEO Rick Wagoner, Ford CEO Alan Mulally and Chrysler Group CEO Tom LaSorda. We attempted to watch the press conference live on Fox News, CNN and CNN ...

Toyota passes Ford, DaimlerChrysler in U.S. sales 3 years ago on Autoblog

Stepping back from July's detailed sales data for a moment, at the big picture level it's worth noting that July marked the first time that Toyota sold more cars in the U.S. than Ford. Furthermore, year to date sales figures show that Toyota has outsold DaimlerChrysler (Chrysler Group and ...

New poll shows Michigan public down on domestics 3 years ago on Autoblog

Even as the domestic manufacturers lose the East and West coast, they can always count on Michiganders to buy something from the Big 3, right? A new poll by the Detroit News and WXYZ-TV7 shows that a rather surprising 51 percent think that Detroit is doing a "poor" or "only fair", and that ...

Pundits predict future of the U.S. auto industry 3 years ago on Autoblog

Marty Bernstein, contributing editor for the American International Automobile Dealers trade organization, fired up the old rolodex and quizzed a wide range of folks who spend their days trying to anticipate future trends in the U.S. auto industry, asking what the industry will look like in 2011. ...

GM's Wagoner joins chorus blaming weak yen 3 years ago on Autoblog

General Motors CEO used the bully pulpit at GM's annual shareholders' meeting to repeat a complaint that has been made several times in the past few decades (and will likely will be heard many times again) - the Japanese government is artificially holding the value of the yen low relative to ...

Bush and automakers delay meeting 3 years ago on Autoblog

Bigwigs from DiamlerChrysler, Ford Motor Company and General Motors will have to wait for their date with the President. The expected meeting between the Big Three and President George W. Bush is now slated for June 2, moved back from the May 18 date as previously reported. The CEO ...

Toyota posts big jump in quarterly profit 3 years ago on Autoblog

Toyota's quarterly profit jumped 39 percent over year-ago figures, with the automaker earning $3.6 billion on sales of $51.6 billion in the first quarter of 2006. Those aren't exactly Exxon Mobil numbers, but they're not chump change, either. Sales were up 18 percent over the same period, and ...

Is Detroit losing its top talent? 3 years ago on Autoblog

Along with the steady stream of bad news coming from Motown has also come a tide of talent, with some employees evidently seeking employment elsewhere in the business, or looking outside the industry altogether. The growth of "transplant" OEMs such as Toyota and Hyundai in the US ...








Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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