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REPORT: Honda's $2.91 billion drop is first quarterly loss in 15 years

An operating loss of ¥283.0 billion ($2.91 billion at current exchange rates) for the period ending March 31 represents Honda Motor Company's first quarterly loss in 15 years. To put that into proper perspective, that was when Honda was plying the 1994 model year Accord wagon shown above. The automaker also reported global sales to distributors and dealers were down 680,000 units, or more than 35 percent. In North America alone, volume slid from 459,000 units last year, to just 219,000 units this year. For the period, Honda reported ... Read more →

Porsche admits it's not invincible, posts 14% sales decline Damon Lavrinc

Porsche's sales for the first six months of its fiscal year (August 1, 2008 through January 31, 2009) have decreased by 27.3% for a total of 34,000 units sold. The resulting financial effect is a ...

J.D. Power warns global auto market may "outright collapse" in 2009 Michael Harley

J.D. Power and Associates, the influential industry tracking firm, warned that the global auto market may "outright collapse" due to the lack of available credit and the general global economic ...

U.S. auto sales predicted to plummet to 13.4 million in 2009 Michael Harley

Light-vehicle sales in the U.S. are expected to continue their decline in 2009. Global Insight, a firm that has been forecasting sales since the 1960s, is predicting sales of 13.4 million units next ...

J.D. Power lowers U.S. sales forecast... again Michael Harley

J.D. Power and Associates have lowered their U.S. sales light-vehicle forecast for 2008 to just 14.2 million units. This is the third time the global information services company have updated ...

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Toyota delays U.S. crossover plant 1 year ago on Autoblog

Sluggish market conditions in the United States are the reason Toyota Motor Corp. is slowing down the launch of its new Highlander crossover plant in Tupelo, Mississippi. Originally scheduled to open in late 2009 with production at 150,000 vehicles per year, Toyota will instead begin production in ...

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Autoblog Podcast #157: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

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