Although the Cash for Clunkers program benefitted Detroit’s Big Three, the real winners appear to be foreign automakers. The program’s critics warned that by not restricting purchases to domestic autos, American taxpayers would, in effect, be bailing out foreign car … Continue reading →

For years, Ford Motor Company has enjoyed an amicable relationship with the United Auto Workers union, but that relationship may become strained as the number two automaker in the U.S. seeks to reduce labor costs. Representatives for the automaker are … Continue reading →

The Insurance Institute for Highway Safety has announced that it will be more difficult for automakers to qualify for the agency’s “top safety pick” award beginning in 2010. The Insurance Institute, which provides automotive safety research to the insurance industry, … Continue reading →

If you’re considering buying a used vehicle, you can still find some good deals unless the vehicle you have in mind happens to be an SUV or pickup. According to one estimate, these vehicles made up 83 percent of all … Continue reading →

Crude oil prices recently reached $75 per barrel for the first time in ten months. While the price per barrel has been gradually increasing in recent weeks, the prices consumers have been paying at the pumps have remained relatively stable. … Continue reading →

A group of former Chrysler executives and dealers are looking to launch a new chain of used vehicle dealerships under the banner of AutoStar Superstores in the coming months. The group hopes to cut the ribbons on their first five … Continue reading →

Toyota Motor Corporation has announced that it will idle one of its production lines and cut its excess inventories by up to 700,000 units globally. The move comes as Toyota struggles to return to profitability after months of slumping sales. … Continue reading →

Kelley Blue Book’s Market Intelligence survey shows that the federal CARS program persuaded many consumers who were considering buying a used auto to buy a new vehicle instead. The number of respondents participating in the survey who said they had … Continue reading →

Chrysler Group LLC, which emerged from restructuring bankruptcy earlier this summer, has filed suit against Daimler AG of failing to honor contracts which require it to supply automotive components to some of Chrysler’s production facilities. Chrysler’s allegations are outlined in … Continue reading →

Following the chaotic “gold rush” atmosphere created by the Cash for Clunkers program, many new car dealers are now left with nearly empty showrooms and few customers looking to buy them. National Automobile Dealers Association vice chairman, Edward Tonkin, says, … Continue reading →