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Main > Car Makers News > Other > Senate committee calls Delphi's salaried pensions 'devastating' | detnews.com | The Detroit News -- A Senate committee criticized the disparate treatment of the pensions of Delphi Automotive LLP's hourly and salaried retirees and demanded more information on how the decisions were made by the Obama administration. Sen. Tom Harkin, D-Iowa, chairman of the Senate Health, Education, Labor and Pensions Committee, noted at a hearing Thursday that the Troy-based auto supplier had terminated its pension plans covering 70,000 workers -- the fourth-largest ever takeover in terms of people covered. In July... Full article... Article added: 2009-10-30 06:56:23 Article Views Rating: 62 Main > Car Makers News > Other > White House, Edmunds in war of words over 'clunkers' | detnews.com | The Detroit News -- The White House said the influential automotive news Web site Edmunds.com's harsh analysis of the impact of "cash for clunkers" was "faulty" and "implausible." Edmunds CEO Jeremy Anwyl shot back that the White House was "shooting the messenger." Edmunds said cash for clunkers cost taxpayers $24,000 per vehicle sold. Nearly 690,000 vehicles were sold during the $3 billion cash for clunkers program that offered up to $4,500 rebates, officially known as the Car Allowance Rebate System, but Edmunds.com... Full article... Article added: 2009-10-30 06:56:22 Article Views Rating: 61 Main > Car Makers News > Chrysler > Dispute between Chrysler Financial, GMAC traps Chrysler dealers | detnews.com | The Detroit News An undetermined number of Chrysler Group LLC dealers are at risk of closure within a month, caught in a dispute between their former finance company and their new lender. Imperiled dealers are those with mortgages and capital loans with former captive finance company Chrysler Financial but who need a line of credit from new lender GMAC Financial Services to buy vehicle stock with a wholesale or "floor plan" loan. They have temporary financing but face a mid-November deadline to secure permanent... Full article... Article added: 2009-10-19 06:02:14 Article Views Rating: 30 Main > Car Makers News > Other > Tougher market expected for U.S. in Europe | detnews.com | The Detroit News -- Detroit's automakers are occupying less space at this year's Frankfurt Motor Show, and in the European auto market, after shedding brands and assets to get through a global industry downturn that hit them especially hard. General Motors Co. will essentially be fielding one brand in Europe -- Chevrolet -- once it completes the sale of its two European brands, Saab of Sweden and Germany's Adam Opel GmbH, which GM has owned since 1929. Ford Motor Co. is more successful in the region, but it also will be... Full article... Article added: 2009-09-16 06:54:35 Article Views Rating: 57 Main > Car Makers News > Other > VW showcases range of new models in Frankfurt | detnews.com | The Detroit News -- In a scene reminiscent of General Motors in its happier days, Volkswagen AG rented out a big hall here to display a slew of new models. They ranged from humble Volkswagens to roaring roadsters, in the most extravagant soiree of the Frankfurt Motor Show. The variety of cars on display "demonstrate that we have not only the widest range of brands but the best, and something for every customer," said Volkswagen Chief Executive Martin Winterkorn. Among the new models was an ultra-clean VW-brand electric... Full article... Article added: 2009-09-15 04:26:15 Article Views Rating: 55 Main > Car Makers News > Other > Marchionne makes himself at home with new condo | detnews.com | The Detroit News Sergio Marchionne is a man with two jobs and now two homes on two continents. The chief executive officer of Chrysler Group LLC in Auburn Hills and Fiat SpA in Turin, Italy, has purchased a condo in Metro Detroit, where he is spending a lot of time restructuring the ailing U.S. automaker. Purchasing a place to call home in Birmingham can be seen as a commitment to the area as well as to the automaker, which was not the case with the last man whose job it was to turn Chrysler around. Marchionne "needs to... Full article... Article added: 2009-08-27 07:30:13 Article Views Rating: 72 Main > Car Makers News > Other > MX-5 Miata owns the entry-level sports car market | detnews.com | The Detroit News For two decades, despite challenges here and there, Mazda's MX-5 Miata has owned the popular-priced sports car market. It was a sensation when it appeared in 1990 as the embodiment of the traditional open two-seater, dominated for generations by roadsters and convertibles from Great Britain. They included the Austin-Healey Sprite, 100 and 3000; Lotus Elan; MG TC, TD, A, B and Midget; Triumph TR and Spitfire, and Sunbeam Alpine and Tiger. All offered top-down exhilaration with a low center of gravity and... Full article... Article added: 2009-08-17 04:19:54 Article Views Rating: 71 Main > Car Makers News > Other > MX-5 Miata owns the entry-level sports car market | detnews.com | The Detroit News For two decades, despite challenges here and there, Mazda's MX-5 Miata has owned the popular-priced sports car market. It was a sensation when it appeared in 1990 as the embodiment of the traditional open two-seater, dominated for generations by roadsters and convertibles from Great Britain. They included the Austin-Healey Sprite, 100 and 3000; Lotus Elan; MG TC, TD, A, B and Midget; Triumph TR and Spitfire, and Sunbeam Alpine and Tiger. All offered top-down exhilaration with a low center of gravity and... Full article... Article added: 2009-08-17 04:19:37 Article Views Rating: 30 Main > Car Makers News > Fiat > Fiat's Marchionne driven to succeed | detnews.com | The Detroit News With his slightly rumpled appearance and casual manner, Sergio Marchionne seems more like a jovial professor than a hard-driving businessman. But the chief executive of Fiat SpA is in fact an inexhaustible, demanding and effective corporate boss with a string of turnarounds to his credit. Now, as Fiat prepares to take a stake in Chrysler LLC and seeks to acquire General Motors Corp.'s European and Latin American operations, Marchionne, 56, is embarking on the biggest challenge of his career. While some... Full article... Article added: 2009-05-25 05:23:15 Article Views Rating: 131 Main > Car Makers News > Other > Detroit cars still in teens' daydreams | detnews.com | The Detroit News "Dad, would you buy me a Camaro?" Before I could muster an answer to my 17-year-old daughter's question, she spotted a new Ford Mustang. "That's a cool car, too," she said, as I drove her to school one morning. There followed a brief and poorly received lecture from me on why a powerful rear-wheel-drive sports model is probably not the best choice for a teenager's first car. Further efforts to ascertain what makes the Mustang and Camaro "cool" in a 17-year-old's opinion did not reveal much. But the... Full article... Article added: 2009-05-25 05:23:12 Article Views Rating: 78 |
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