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What You Missed: Day of Rejection for U.S. Auto Industry

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Tools Down: IKEA not building cars, Leko is a car sharing service in France

Last week, rumors regarding an upcoming eco-friendly small car from IKEA hit the internet in full force. Sounds pretty crazy, no? As it turns out, the truth is much less interesting than we had hoped. It seems the viral ad campaign that we saw last week for the IKEA Leko is announcing nothing more than a new car-sharing service in France that's set for a proper introduction on Tuesday. A similar program is

Mulally on Ford: "We are competitive now."

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 its Blue Oval pride. Yet cynics or not, a CEO has to know what to do with said money, and Alan Mulally feels he and his company have done well enough to proclaim "We are competitive now" in a new intervi

REPORT: Updated Land Rover Range Rover headed to Big Apple, more LRX details emerge

Even in the face of an overall market for SUVs that's seen demand fall by over 50% over the last year alone, Land Rover's top-level Range Rover is keeping the British/Indian automaker afloat. Sales of the Range Rover – which boasts a starting price of $78,525 – are down only 17.8-percent for the first two months of the year. It's the smaller LR3 (down 28%) and entry-level LR2 (down a whopping 57%) that are dragging the automaker's overall sales figures (down 36.6%) into the mud.

Why Obama Axed Wagoner - Autoline on Autoblog with John McElroy

Rick Wagoner is no longer CEO of General Motors for two reasons. First, he failed to come up with a plan that satisfied the government that GM would be viable going forward. Two, President Obama needed political cover before he poured more money into the auto industry, a move which is strongly opposed by a majority of Americans.

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