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Main > Car Makers News > Other > American Axle's stock is on the rise | detnews.com | The Detroit News American Axle & Manufacturing Holdings Inc., a supplier of axles for General Motors Co. light trucks, rose to its highest mark since September 2008 after a Barclays Capital analyst raised his rating on the shares. Financial results will beat analysts' estimates as early as this quarter as full-size pickup sales recover after the government's "cash for clunkers" incentive program, Barclays Brian Johnson in Chicago said in a report Friday. He boosted his rating to overweight/neutral from equal... Full article... Article added: 2009-09-14 04:08:49 Article Views Rating: 48 Main > Car Makers News > Ford > Ford alters stock option to protect tax benefits | detnews.com | The Detroit News Ford Motor Co. on Friday announced new steps aimed at protecting $19 billion in company tax benefits. U.S. tax laws allow companies to defer the tax benefits of operating losses, capital losses and tax credits to offset future profits. However, those benefits go away if there is a substantial change in a company's ownership. The move does not affect most shareholders. The rules were established to keep profitable companies from buying out unprofitable firms solely to take advantage of their tax... Full article... Article added: 2009-09-14 04:08:48 Article Views Rating: 43 Main > Car Makers News > Other > Car dealers fight slow sales after end of Clunkers | detnews.com | The Detroit News -- As Gene Butman Ford opened its doors Saturday, salesmen outnumbered the shoppers looking at a depleted stock of cars and trucks, and it didn't appear that many customers were ready to buy. Like many dealers across the country, the dealership in Ypsilanti Township is suffering from a Cash for Clunkers hangover, and Sales Manager Paul Grahl isn't sure when it will end. "We're getting some traffic, but my business is a long way from healthy," said the longtime salesman. "We suspect it's going to be 90... Full article... Article added: 2009-09-14 04:08:42 Article Views Rating: 44 Main > Car Makers News > Ford > Ford endorses bill to ban hand-held text messaging while driving | detnews.com | The Detroit News -- Ford Motor Co. endorsed a bill in Congress Thursday to ban hand-held text messaging while driving. A Senate version, sponsored by Charles Schumer, D-N.Y., would withhold highway funding to states that didn't adopt a ban. Peter Lawson, Ford's vice president for government relations, said in an interview the Dearborn automaker was endorsing the Schumer bill that he called a "common-sense measure." The bill would not prohibit people from using Ford's Sync system or other systems to send hands-free... Full article... Article added: 2009-09-11 05:05:10 Article Views Rating: 60 Main > Car Makers News > Other > Wixom plant will get new life as renewable energy park | detnews.com | The Detroit News -- Two out-of-state renewable energy firms have selected Ford's shuttered Wixom plant for an ambitious $725 million redevelopment project, creating what officials are calling the nation's largest renewable energy park, company officials said Thursday. The companies, Xtreme Power of Austin, Texas, and Clairvoyant Energy of Santa Barbara, Calif., plan to retool the aging factory, which once built such icons as the Lincoln Town Car and Ford Thunderbird, to manufacture solar panels and utility-scale... Full article... Article added: 2009-09-11 05:05:06 Article Views Rating: 51 Main > Car Makers News > GM > GM sells Opel to Magna, Sberbank | detnews.com | The Detroit News General Motors Co. will enter into the latest of a series of alliances in key overseas markets after agreeing to sell control of its German carmaker Adam Opel GmbH. GM said it was planning to sell 55 percent of Opel to Canada's Magna International Inc. and Sberbank of Russia, the German government's preferred bidders. The U.S. automaker will retain 35 percent, forming a three-way partnership. "We're very experienced and very successful in collaborative business models," said John Smith, group vice... Full article... Article added: 2009-09-11 05:05:03 Article Views Rating: 56 Main > Car Makers News > GM > Whether Germans like it or not, GM won't be going away | detnews.com | The Detroit News The only question I have about General Motors Co.'s incipient spin-off of its Adam Opel GmbH unit in Germany is this: Are they popping corks on German or the old Russian equivalent, that sparkling wine from Georgia favored in Soviet times? For the better part of 80 years -- and, Lord knows, certainly for the past 15 -- so many of the Germans I knew who worked for Opel wanted nothing more than to slip the yoke of American oppression they so readily blamed for all that ailed their beloved , the yellow... Full article... Article added: 2009-09-11 05:05:00 Article Views Rating: 57 Main > Car Makers News > GM > GM offers 60-day, cash-back guarantee | detnews.com | The Detroit News General Motors Co., trying to woo consumers after a trip through bankruptcy, will launch a new advertising campaign Monday touting a 60-day money-back guarantee featuring GM Chairman Ed Whitacre. The move is a bid to boost slumping sales and market share at a crucial time for the automaker, and for GM executives under government pressure to improve the company's fortunes. GM, which received $50 billion in federal aid, is pouring millions into the "May the Best Car Win" campaign. The promotion will urge... Full article... Article added: 2009-09-11 05:04:55 Article Views Rating: 58 Main > Car Makers News > Ford > UAW a hard sell for Ford | detnews.com | The Detroit News As talks between Ford Motor Co. and the United Auto Workers continue, the automaker's top labor negotiator expressed confidence that Ford will not be left at a competitive disadvantage versus its cross-town rivals. However, others familiar with the situation say those talks are being bogged down by one fact: Ford is doing a lot better than General Motors Co. and Chrysler Group LLC, making it hard for union leaders to sell their members on additional concessions. Both GM and Chrysler won significant... Full article... Article added: 2009-09-11 05:04:52 Article Views Rating: 56 Main > Car Makers News > Other > Gadgets in race to keep drivers safe, multitasking | detnews.com | The Detroit News It's shaping up to be a shootout to manage and balance human behavior, convenience and public safety. But will it be the smart handheld device or the intelligent car that crosses the finish line first? The race to seamlessly synchronize car and driver, easing traffic congestion, enhancing safety while still allowing us to multitask is falling short even as cars adopt more high-tech devices. For now, lawmakers are forcing motorists to choose between driving and texting. One in four motorists admit to... Full article... Article added: 2009-09-11 05:04:50 Article Views Rating: 32 |
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