All 41,000 U.S. hourly workers for Ford Motor Co. are being offered retirement incentives or buyout packages so that the factory workforce can be reduced. Ford has been the only one of the Big Three automakers to survive without government … Continue reading →

President Hugo Chavez of Venezuela plans to oust car maker Toyota Motor Corporation if it doesn’t make an all-terrain version of its 4X4 vehicles available to use in rural areas. In a recent speech, Chavez heatedly announced that failure to … Continue reading →

It has been said that politics makes strange bedfellows. The same can be said of the current state of the global auto industry. Although few have been completed, alliances between Western and Asian automakers are being seen as the solution … Continue reading →

After emerging from bankruptcy this past July, General Motors Company exhibited confidence that the worst was behind them and brighter days lay ahead. Five months later the troubled automaker is still struggling to break free from its tarnished past. The … Continue reading →

Chrysler Group LLC is attempting to boost sales without using huge discounts or incentives to lure customers into showrooms. They are hoping that leasing option offers and a few different model upgrades will be enough to turn around their plunging … Continue reading →

Even though sales of Honda’s Element have been disappointing, Japan’s No. 2 automaker plans to launch a new generation rather than throw in the towel on its quirky crossover. According to American Honda Motor Company president, John Mendel, the Element … Continue reading →

Chrysler Group LLC believes it can recreate its image and keep sales at the current level without giving large discounts on vehicles. The company is struggling to erase the idea that it produces low quality vehicles, and believes it can … Continue reading →

Geely’s purchase of Volvo from Ford Motor Company will be completed during the first half of 2010, and underscores the growing power of China as a major player in the global auto industry. The sale of Volvo is the largest … Continue reading →

After acquiring automotive designs from GM’s Saab division, Beijing Automotive Industry Holding (BAIC) Corporation plans to launch an ambitious campaign to expand its brand, both domestically and overseas. China’s fifth-largest automaker has announced that it plans to invest the U.S. … Continue reading →

Even the world’s largest car maker is looking for more efficient ways to do business. Toyota Motor Corporation is making a huge push to cut operation and production costs after its second straight year of losses. Japan’s No. 1 automaker … Continue reading →