We're a few minutes away from hopping onto Ford's monthly sales call, but according to the Detroit News, the Blue Oval has called a press conference at 3 PM EST that could announce the demise of the Mercury division. Full report to come as soon as we hear more...
Just two months after opening the doors to its brand-new, 200,000-square-foot dealership, Superior Toyota/Scion of Oakland is no more. The giant automotive retailer, with more than 40 service bays and as many as 1,200 cars on the lot at a time, closed last week after Nissan pointed at the economy and then pulled Superior's financing (although the dealer sold Toyota and Scion products, Nissan provided the loan for the new $36 million building). Without credit, the Superior Auto Group dealership w
The automotive aftermarket has been hit hard in recent years, and the latest casualty of the economic downturn is Crane Cams. According to a report by the Florida News Journal, the 56-year-old manufacturer closed its doors yesterday and laid off the majority of its employees. Any calls to Crane to follow-up on the story have been shuttled off to the company's voice-mail service, although the Florida e-paper did talk to Dennis Burgess, who declined to comment.
Blaming the global financial crisis, and the fact that fewer non-Japanese automakers have signed up to exhibit, the Japan Automobile Manufacturers' Association is in the midst of debating whether or not to cancel the 2009 Tokyo Motor Show. The show is set to run this Oct. 23-Nov. 8. If canceled, it won't open its doors again until 2011 due to scheduling agreements with other top-tier auto shows. Toshihiro Iwatake, JAMA's executive director and secretary general, told Automotive News that he favo
The strike last week by the International Brotherhood of Teamsters (IBT) against Performance Transportation Services (PTS) was the straw that broke the camel's back. The second largest car hauler in the United States was unable to survive the wage-related dispute, especially after filing for bankruptcy protection in 2006 and 2007. On Friday, PTS announced that it's stopping all operations and going out of business.