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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 ...

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

    Click above for a high-res gallery of the 2009 Porsche 911 Carrera and Carrera S
    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 14.3% drop in ...

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

    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 conditions in 2009. According to the company, credit market restructuring, fewer leasing options, and ...

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

    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 year. That figure is slightly down from the 13.8 million units automakers are expected to sell in ...

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

    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 their numbers. In March, they announced that sales would not hit their initial 15.7 million estimate, ...

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    Toyota delays U.S. crossover plant

    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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