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In Full Campaign Voice, Obama Praises Auto Industry Bailout

Posted February 28th, 2012 at 2:15 pm (UTC-5)
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President Barack Obama has given a rousing election-year endorsement of the government’s $80 billion bailout that rescued the once-faltering U.S. auto industry. Mr. Obama saluted a convention of unionized autoworkers in Washington Tuesday. He said they make him proud even as Republican presidential contenders seeking to win their party’s nomination to run against him in […]

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Detroit Auto Show Signals Renewed Industry

Posted January 9th, 2012 at 1:40 pm (UTC-5)
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The annual Detroit auto show kicked off on Monday with renewed optimism, as the industry emerges from one of the worst recessions in decades. The North American International Auto show in the U.S. auto capital, Detroit, Michigan opened to the press with more glitz, driven by rising auto sales. The event will open to the […]

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Auto Sales Rise

Posted January 4th, 2012 at 5:25 pm (UTC-5)
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U.S.-based automakers say their sales rose sharply in 2011 as consumers gained confidence, interest rates remained low, and consumers replaced aging vehicles they held onto during the recession. General Motors says its sales rose 13 percent, as customers bought 2.5 million of its vehicles. Rival Ford posted an 11 percent gain, and sold just over […]

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Auto Sales Rise

Posted January 4th, 2012 at 1:30 pm (UTC-5)
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U.S.-based automakers say their sales rose sharply in 2011 as consumers gained confidence, interest rates stayed low, and consumers replaced aging vehicles they held onto during the recession. General Motors says its sales rose 13 percent, as customers bought 2.5 million of its vehicles. Rival Ford posted an 11 percent gain, and sold just over […]

Tags: , , , Posted in Economy

Auto Sales Rise

Posted January 4th, 2012 at 12:05 pm (UTC-5)
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Chrysler says its U.S. auto sales rose a sharp 26 percent over the past year, as the revamped company introduced new products and customers were encouraged by signs of an economic recovery. Wednesday’s report from the third-largest U.S.-based Automaker says it sold just under 1.4 million vehicles in 2011. Last week, Ford Motor Company said […]

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US Auto Sales Rise

Posted November 1st, 2011 at 12:10 pm (UTC-5)
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Two U.S. automakers reported rising sales in their home market in October. Tuesday’s report from General Motors says the company’s sales were nearly two percent higher than the same month a year ago. Smaller rival Chrysler said its sales jumped 27 percent. Experts surveyed by news agencies predict that when all the companies report, sales […]

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US Automakers Haggling With Union

Posted September 23rd, 2011 at 12:19 pm (UTC-5)
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The United Auto Workers union is haggling with the three major U.S.-based automakers over wages and working conditions for its 113,000 members. Talks with each company are in different stages. The UAW says it is set to begin “high level financial talks” with Ford on Monday. Ford is the only major U.S. automaker that avoided […]

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GM, UAW Agree on New Contract

Posted September 17th, 2011 at 12:25 am (UTC-5)
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General Motors Company and the United Auto Workers union reached a tentative agreement on a new four-year contract late Friday in Detroit, Michigan. Details of the settlement are being withheld, pending a review meeting with local union leaders and ratification by rank-and-file workers. The UAW’s old agreement expired Wednesday, but the union was barred from […]

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Frankfurt Auto Show Opens

Posted September 13th, 2011 at 5:10 am (UTC-5)
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The biannual Frankfurt Motor Show highlights the latest in small cars when it is unveiled to the media Tuesday – two days before German Chancellor Angela Merkel opens the auto show to the public. Automakers are unveiling their latest offerings amid the uncertainty of the economic climate of the eurozone and the United States. Fuel […]

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US, Korean Automakers See Higher Sales

Posted August 2nd, 2011 at 4:20 pm (UTC-5)
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U.S. and South Korean automakers report higher U.S. vehicle sales in July, despite ongoing public concerns about the nation’s fragile economy. Sales at General Motors, the largest U.S. automaker, increased nearly 8 percent in July. GM said Tuesday it saw strong demand for its fuel efficient Chevrolet Cruze, as well as for its pickup trucks […]

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