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0Report: Analysts: U.S. automakers will lose marketshare in 2012 1328043600
Domestic automakers have much to be happy about, with Chrysler, Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won't be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 ...
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Report: White collar salaries to overtake UAW labor costs next year 1322749680
According to a top researcher, labor costs for salaried employees at Chrysler, Ford and General Motors will surpass those of workers represented by the United Auto Workers for the first time next year. A report in Automotive News says the calculation was performed by the Center for Automotive ...
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Report: UAW may seek board seats at Chrysler, Ford and GM 1294176660
Automotive News is reporting that the United Auto Workers has set its sights on securing a position on the executive board of each domestic automaker. The move would mirror similar relationships between labor unions and German automakers in Europe, and UAW President Bob King says that his ...
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Oil may hit $35/barrel in wake of auto bailout bust 1229126280
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 ...
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UAW wants executive pay to be limited 1228152720
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 packages in return for more government loans. Gettelfinger also said that the Detroit Three only need the ...
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Michael Moore mixed on Big 3 bailout 1227219660
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 Michael Moore would be all in favor of helping the Big Three succeed. After all, Moore rose to fame ...
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Auto industry advertising slump hurting old media 1218547800
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 are tough at traditional media outlets, well, that's Detroit's fault, too. Back in 2004, about $24 ...
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Asian brands beat Big 3 sales in May 1212670620
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 combined sales of vehicles from both Asian countries, such as Japan and Korea, were combined with sales ...
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Big Three market share steadily running toward empty 1193175060
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 ...
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Fed official apologizes for recommending imports in newsletter 1190385180
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. ...

