Ford Says No to Big Dealer Closures
May 19, 2009 2:33:54 PM
Ford has already reduced its dealer network by 700 since 2005, whose number now stands at 3,700. The company believes that customers left out in the cold by dealer cuts at GM and Chrysler could migrat...

Chrysler Announces 789 Dealers to be Closed
May 15, 2009 3:09:05 PM
Chrysler is to shut down 789 of its 3,200 US dealerships in a bid to cull costs and return to profitability. About 40,000 jobs will be lost.

Chrysler Fiat Deal Confirmed
May 1, 2009 10:24:52 AM
On the same day company declares it will file for bankruptcy, Chrysler confirms its alliance deal with Fiat. The Turin-based Italian automaker will provide Chrysler with models, platforms and technolo...

Chrysler Bankruptcy Announced by Obama - CEO Nardelli to step down
May 1, 2009 7:52:50 AM
Chrysler hopes turnaround will be quick and last only 30 to 60 days. Chrysler will continue to operate with capital infusions from the US and Canadian governments. CEO Bob Nardelli will leave the comp...

Wagoner steps down from GM on Obama's insistence
March 30, 2009 12:04:04 PM
White House holds Wagoner responsible for many of the poor decisions that have led to GM's near collapse. The Obama administration will unveil a new plan today for providing more aid to the US auto in...

GM, Chrysler May Need 'Considerably More' Aid Than $21.6 billion - Treasury
March 21, 2009 7:01:53 PM
US Treasury's chief auto adviser says GM and Chrysler may be too optimistic about their future sales.

GM Feb sales down 53 percent - unsustainable sales level may spell collapse within months
March 4, 2009 10:30:00 PM
While the US auto market was down 41 percent for the month, Ford sales were down 48 percent and Chrysler's 44 percent. At current sales levels, GM and Chrysler could face a collapse within months.

Japanese Auto Makers Dominate Consumer Reports Survey (US)
February 27, 2009 5:13:00 PM
Honda tops the list as the best rated overall brand with 78 points, Subaru follows closely with 75 and Toyota with 74. Of 15 automakers surveyed for quality and reliability, Chrysler came in last, GM ...

Ford Report $5.9 Billion 4th Quarter Loss
January 29, 2009 10:00:00 PM
Net losses of US$5.9 billion were reported by the Ford Motor Company. Despite these heavy losses Ford says it does not need a bailout from the US government.

British Auto Industry Bailout Unveiled - £2.3 billion
January 28, 2009 12:18:10 AM
The UK government has offered up to £2.3 billion in loan guarantees for its struggling motor industry. However, a state spokesman denies that this is a bailout saying it's just meant to guarantee a vi...