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auto industry

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    Report: US auto sales look to hit 16 million in 2014
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    America's automotive industry continues to boom, with analysts predicting that sales in 2014 will reach over 16 million units while marking just the second time since World War II that the industry has seen five consecutive years of growth. The estimates, if correct, would represent a ...

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    Official: Ford hiring 800 more salaried workers than originally expected
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    Ford is on a roll this year, with excellent quarterly earnings and better-than-expected vehicle sales leading to 800 more job opportunities with the Blue Oval. In January, Ford announced that it wanted to hire 2,200 salaried employees, but, since then, that figure has been revised to 3,000, ...

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    By The Numbers: June 2013: Sales Storm Edition
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    Subaru Surges Ahead Of Accelerating Industry Sales It finally feels like the auto industry has found firm footing on the other side of a river of trouble it's been swimming in for years. An economic crisis, natural disasters and record-breaking recalls are all to blame for sales being up or down ...

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    By The Numbers: April 2013: Showers Edition
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    Ford And Nissan Make Big Gains, Toyota Falls Unlike the month of March, when automakers left and right were breaking monthly sales records despite having one fewer selling day, April 2013 was a month when some brands couldn't even beat their year-over-year sales numbers despite being spotted an ...

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    Report: Auto industry pays $135 billion in taxes annually
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    How important is the auto industry to state and federal governments? According to the Center for Automotive Research, the industry accounts for $135 billion in annual taxes. In fact, a reported 13 percent of all state taxes comes from the automobile, or $91.5 billion in total. Just as impressive ...

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    Video: Obama reelection campaign launches auto bailout commercial
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    The 2008 economic collapse in the U.S. led to what many experts call the worst recession since the Great Depression. Among the many casualties of the recession was the U.S. auto industry, which (arguably) was saved thanks to $25 billion in cash from the Bush Administration in 2008 and another $60 ...

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    Opinion: An early look at 2012 shows a radically new auto industry
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    Detroit Gains Momentum As Japan Regains Its Footing The automotive world as we know it underwent plenty of shaking last year and it was the result of more than just the tragic earthquake and tsunami that rattled Japan – costing makers like Toyota and Honda perhaps a million units in lost ...

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    Report: Japenese automakers will work on weekends to protect power grid
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    Japan is still struggling to repair itself in the wake of the March 11 earthquake and tsunami, and the country's auto industry is looking to help out wherever it can. Automotive News reports that automakers and suppliers will work weekends and take off Thursdays and Fridays in an effort to ease ...

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    Study: Auto business loves spam more than any other industry
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    Getting spammed daily from all sides has become a fact of life. If you have an email address and use the internet, you will get spammed. Most likely numerous times throughout the day. In a recent study by Symantec, researchers found that the automotive business is the most-spammed industry out ...

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    Video: Dateline describes Detroit as Sarajevo from the air
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    Click above to watch the video after the jump
    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 ...

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    REPORT: Automotive advertising plummets 30.8%
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    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 ...

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    Nine Out of 10 Nigerian Princes Agree: Auto industry spammed more than any other
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    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 ...

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    Border Drive? Umm... No. Mexico car production reportedly down nearly 40%
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    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 ...

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    REPORT: Analysts chide GM for boosting production [*UPDATED]
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    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 ...

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    Mint.com flowcharts the state of the auto industry
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    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 ...

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    AP: Chrysler definitely filing for bankruptcy after debt talks "crumbled overnight"
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    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 ...

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    GM and AIG: Why bondholders might want bankruptcy
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    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 ...

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    Putin Power: Even Russian automakers to get a bailout?
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    Lada C Concept - Click above for a high-res gallery
    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 ...

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    Mulally on Ford: "We are competitive now."
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    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 ...

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    Early March sales figures said to be down around 40%
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    While there are folks predicting a turnaround in car sales and general economic fortunes by the end of this year, for now the status quo remains, and it can be summed up as: "Ouch." J.D. Power has put the early returns for March sales down 40% compared to the same month last year. It predicts sales ...

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