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Hot Autonews
  Canada to record largest auto trade deficit in history
  GM, Chrysler Loans Avoid Disorder, Economist Says
  Enterprise Rent-A-Car Doubles Number of Hybrids in Fleet
  Toyota Also Feels the Pain
  GMAC Closer to Bank Status, But Hurdles Remain


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Car News & Reviews

Canada to record largest auto trade deficit in history

Canada will record the largest automotive trade deficit in its history this year, according to a report from the Canadian Auto Workers union, which is urging Ottawa to reconsider the direction of it... 

GM, Chrysler Loans Avoid Disorder, Economist Says

Theres not much debate at least, there shouldnt be that providing GM and Chrysler with $14 billion in bridge loans to tide them over is a better alternative than letting them go bankrupt Dec. 3... 

Enterprise Rent-A-Car Doubles Number of Hybrids in Fleet

Enterprise Rent-A-Car has designated its rental location in Stamford, Conn. as a hybrid branch. Additionally, the company will add as many as 5,000 gas/electric hybrids to its fleet. The addition o... 

Toyota Also Feels the Pain

Toyota Motor Corp. (ADR:TM) may not need a government bailout, but its hurting badly. The worlds top automaker said it will announce a revised 2009 sales forecast at its end-of-the-year news confer... 

GMAC Closer to Bank Status, But Hurdles Remain

NEW YORK (Reuters) - Sweetened terms on GMAC LLC's bond exchange offer makes it more likely the finance company will gain the support it needs to convert to a bank and gain access to government suppo... 

U.S. automakers, fresh from contract victories, look ahead to a gloomy 2008

The N. Keller General Contracting Co. of Loxahatchee, Fla., probably should replace its seven-year-old Ford F-350 Super Duty pickup. But business in Palm Beach County isn't what it used to be, and l... 

Delphi reports net loss of US$231M in November amid bankruptcy proceedings

Auto-parts supplier Delphi Corp. reported Monday a net loss of US$231 million for November. The Troy, Mich., company, which filed for bankruptcy protection in 2005, said in a filing with the U.S. Se... 

Americans Drive Less, But Will Cheaper Gas Reverse Trend?

The Federal Highway Administration reports that in the last 12 months, miles driven in the United States fell by 100 billion miles, a record 12-month decline. That was for the 12 months ending in Oct... 

Tata Motors Facing the Perfect Storm?

The shocking terrorist attacks in Mumbai last month that targeted The Taj Mahal Palace hotel amongst various other locations were unlike any other India has experienced in recent years and deeply aff... 

Ottawa proposes change to rules for importing U.S. vehicles into Canada

Ottawa wants to add more U.S. anti-theft devices to its list of vehicle immobilizers that meet Canadian standards, a move designed to make it easier for Canadians to import U.S. vehicles, said Trans... 

Aid for Automakers? Why TARP Has No Teeth

Its been awhile since Ive updated this blog - about a week to be precise. It is not for lack of desire, but rather, its that the news is fluid these days. It changes so quickly that its hard to k... 

CAW boss says $1 billion federal aid package for manufacturers not significant

The president of the Canadian Auto Workers union says a $1-billion aid package to help communities and laid-off workers is ``not significant.'' Prime Minister Stephen Harper announced the national c... 

Car & Van Rental Industry Show to Launch in September 2009 in Europe

The European Car & Van Rental Business Expo 2009 will be held in Hannover, Germany on Sept. 29-30 and Oct. 1. The expo is the first international event for the car, van and light truck rental busines... 

PA County Keeps $2 per Day Rental Car Tax

The Allegheny County, Penn. county council on Dec. 2 kept in place a $2 per day tax on car rentals. The county set a $762.7 million budget for 2009. The council reduced the per-drink tax on alcoholic... 

Magna owned parts plant in upstate N.Y. faces layoffs as UAW talks go on

New Process Gear, a transmission parts maker owned by Canadian-based Magna International Inc. (TSX:MG.A), plans to lay off about 1,650 workers at its suburban Syracuse plant, union officials say. Mo... 

Malaysian automaker teams up with Iranian, Turkish interests on ``Islamic car'

Malaysian national carmaker Proton says it plans to team up with companies in Iran and Turkey to produce ``Islamic cars'' for the global market. The proposal for the Islamic car came from Iran. Prot... 

Avis Budget Group Discusses Progress of Fourth Quarter Cost-Saving Initiatives

Avis Budget Group provided details Dec. 4 of the progress the company has achieved to date from the cost reduction initiatives announced on Nov. 6. Actions taken over the past weeks against the five-... 

Toyota vs. Ford: A Modern Manufacturing Parable

Sometimes being on the outside allows one to see the inside a lot clearer. A good friend/client in Hong Kong recently emailed me the following parable that makes a comparative analysis of American ma... 

LaPlaca Law Welcomes Pujo to Firm

LaPlaca Law is pleased to announce that Ms. Leslie Pujo has become a member of the firm. Ms. Pujo focuses on franchise law, with particular expertise in registration and disclosure matters, as well a... 

Bankruptcy court confirms Dana Corp.'s plan to exit Chapter 11

A U.S. federal court on Wednesday confirmed Dana Corp.'s Chapter 11 reorganization plan, paving the way for the auto-parts supplier to emerge from bankruptcy by the end of January. After more than t... 


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