46 Articles
Mar 2, 2007
Ford's cost of recovery: Over $11 Billion for accelerated restructuring

In a filing with the Securities and Exchange Commission that surfaced yesterday, Ford estimated that it the accelerated restructuring plan announced last September will cost $11.2 billion when the books are finally balanced. In other words, it will cost Ford$11.2 billion to let go of 38,000 hourly and 10,000 salaried workers. The estimate includes ongoing costs f

Chris Shunk
Mar 2, 2007
Brit cars being damaged by mysterious contaminent in fuel supply

Could a bad load of petrol be responsible for a string of engine problems in England? That's what investigators want to know. Engine damage has been reported by hundreds of motorists across Britain, so fuel stations have started testing their product. So far no abnormalities have been found, however, causing some consternation among those effected. Only motorists in Southeast England seem to be having the problems, so the Society of Motor Manufacturers and Traders (SMMT) feels like bad gas is th

Frank Filipponio
Mar 2, 2007
Warehouse Wonders: Chmara/Simon open house reveals auto/aero treasures

We got the email invite and it piqued our curiosity. Open house, good food, classic cars, live music...free...how could we say no to that? Like so many nondescript buildings around Southern California, the beige warehouse could have housed anything from a furniture restor shop to a surfboard shaper. There are literally thousands of these metal structures lining the streets in the industrial centers of virtually every city in the Southland. Heck, anywhere in America for that matter. This particul

Frank Filipponio
Mar 2, 2007
PETA goes after Chrysler Group for Iditarod connection

Another action group has set its sights on the auto industry, this time its People for the Ethical Treatment of Animals. PETA has the Chrysler Group in its crosshairs for a loose connection it maintains with the annual Iditarod Trail Sled Dog Race held in Alask, which officially starts this Sunday. Clearly PETA has a problem with using sled dogs as an engine for ground-based transportation over snow. We get that. What we do

John Neff
Mar 2, 2007
Mitsubishi prices 2008 Lancer from $14,615*

The rapidly rebounding Mitsubishi has just announced pricing for its new 2008 Lancer that could help solidify the automakers return to solvency in the U.S. market. The next Lancer will carry a base price of $14,615 for the base DE model with a 5-speed manual and the only engine being offered at the moment, a 2.0L MIVEC four-cylinder producing 152 horsepower. Stepping up to the optional CVT tranny will cost an additional $900 o

John Neff
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