In a recent interview with the Detroit News, former “Car Czar” Steve Rattner praised General Motors Company chairman and CEO Ed Whitacre but said the automaker “slightly elasticized the reality of things” when it claimed to have paid its government loans off “in full.” Continue reading →

Ford Motor Company CEO Alan Mulally told shareholders that he expects next year’s earnings to increase over the “solid” profit the company has seen so far in 2010.
“We’re clearly on a path now of profitable growth,” he said at the annual meeting shareholder meeting in Wilmington, Delaware on Thursday. Continue reading →

Ford Motor Company, Mazda Motor Corporation and Chongqing Changan Automobile Company [wiki] are reportedly seeking approval from the Chinese government to terminate their three-way tie up.
Two sources with direct knowledge of the matter told Reuters that Ford and Mazda plan to pursue their own separate partnerships with Changan. The new two-way tie ups will reportedly give Ford and Mazda 50% ownership stakes in their respective joint ventures. Continue reading →