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Ford Solicits Scarce Buyers with Advantage Plan

Ford Solicits Scarce Buyers with Advantage Plan

If imitation is the sincerest form of flattery, then Hyundai Motor America marketing executives should be blushing bright red as General Motors Corporation and Ford Motor Company followed it today with buyer payment protection plans that emulate its breakthrough...
New GM CEO Confirms More Cuts Are Coming

New GM CEO Confirms More Cuts Are Coming

General Motors CEO Fritz Henderson in his second day on the job held a news conference that reaffirmed his commitment to “go deeper and go faster” in preparing a revised viability plan with “a clean balance sheet” that will pass muster with the...
GM Launching Total Confidence Program

GM Launching Total Confidence Program

Hoping to assure reluctant motorists staying out of the new car market – or simply avoiding General Motors vehicles – GM has launched its expansive Total Confidence Program which, among other things, will protect buyers who unexpectedly lose their jobs....
Can Cash-for-Clunkers Save U.S. Auto Industry?

Can Cash-for-Clunkers Save U.S. Auto Industry?

It’s officially known as H.R. 1550, or the CARS Act, though you might as well call it cash-for-clunkers.  Whatever the name, the proposed House measure, given a boost by President Barack Obama, during his Monday speech, could help kick-start the American...
Sneak Peek: 2010 Acura ZDX

Sneak Peek: 2010 Acura ZDX

Joining the procession of manufacturers hoping to combine the functionality of a sedan with the sporty styling of a coupe, Acura plans to pull the wraps off its new ZDX at next week’s New York Auto Show. Whether it truly defines “a new luxury...
Run, Rabbit, Run

Run, Rabbit, Run

We’d like to think that this time Volkswagen has finally made up its mind.  Reversing its decision to revive the old Rabbit nameplate, for the 2007 model-year, the German maker is “realigning with our global heritage” for 2010.  That means the Rabbit...
Obama Administration Spares Nardelli from Sacking

Obama Administration Spares Nardelli from Sacking

The Obama White House appears to have cleared away some of the barriers to a deal between Chrysler and the Italian carmaker. A green light for the Fiat deal was near the top Chrysler’s wish list when it submitted its viability plan to the White House back in...
New General Motors CEO Expands Restructuring

New General Motors CEO Expands Restructuring

President and politician Obama went directly to the point during his auto industry announcement. The way the industry got to its latest crisis is because of management. “The pain being felt in places that rely on our auto industry is not the fault of our...
30 Years of Restructuring

30 Years of Restructuring

The mood was somber, yet there was a sense of electricity surging through the room as the CEO strode up to the microphone. The situation was desperate, he quickly acknowledged, and without everyone’s cooperation – workers, bankers, investors and even the...
President Obama Calls for More Aggressive Plans

President Obama Calls for More Aggressive Plans

In a speech heavily tinged with populist sentiments, President Barack Obama told General Motors Corporation and Chrysler LLC, Monday morning, that they will not be allowed to continue floundering along with the support of “an unending flow of taxpayer...
Treasury to Back GM, Chrysler Warranties

Treasury to Back GM, Chrysler Warranties

The White House and U.S. Treasury Department have announced a new program that guarantees the warranty of every new GM and Chrysler car and truck sold during the companies’ restructuring efforts, even if one or both of the companies becomes unable to honor...