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Dow Dips on Monday Overreach
Dow Dips on Monday Overreach
Oct 2, 2007 3:53 PM CDT

Dow Dips on Monday Overreach

A rough housing report doesn’t help

(Newser) - The market was mostly down today, after investors corrected for yesterday’s record-breaking spike, and a new drop in a home-sales index stirred mortgage anxieties. The Dow dipped 40.24 points to 14,047.31, with one strategist telling MarketWatch, “The fundamental news didn’t warrant the rally.”...

Historic Deal in Sight for GM and UAW

Agreement reached on shifting health costs to union-run trust

(Newser) - After bogging down for several days, talks between General Motors and the UAW got back on track yesterday as automaker and union reps closed in on a historic agreement to shift health-care costs to a union-controlled trust, the Wall Street Journal reports. The two sides are said to have a...

CA Tosses Global Warming Suit v. Automakers

Judge dismisses California's charges against carmakers

(Newser) - A federal judge has thrown out California's attempt to hold automakers liable for the environmental implications of vehicle emissions, the LA Times reports. The judge who rejected the much-watched lawsuit Monday called global warming a "political question" for legislators, rather than courts. The suit had blamed carmakers for Sierra...

GM, UAW Still at the Table
GM, UAW Still at the Table
Sep 15, 2007 5:24 PM CDT

GM, UAW Still at the Table

Deal unlikely to be reached today

(Newser) - GM is back at the bargaining table with UAW reps today, but  agreement on the billion-dollar issues is not imminent, the AP reports. The UAW is said to be seeking job guarantees at US plants in exchange for agreeing to take over union members' health care liabilities via a trust...

GM, UAW Talk Past Deadline
GM, UAW Talk Past Deadline
Sep 15, 2007 6:05 AM CDT

GM, UAW Talk Past Deadline

Contracts renewed on hourly basis

(Newser) - The United Auto Workers and General Motors talked four hours past their midnight deadline for contract negotiations before agreeing to resume bargaining later today. They extended talks on an "hour-to-hour" basis on a deal that would include a union-controlled trust to assume GM's $50-billion liability for retiree health care....

UAW Targets GM on Contract
UAW Targets GM on Contract
Sep 14, 2007 8:25 AM CDT

UAW Targets GM on Contract

Car giant chosen as lead company in crucial talks

(Newser) - The United Auto Workers have chosen General Motors to be the lead company in negotiations on contracts set to expire tonight, adding pressure to strike a deal the UAW will then try to impose on Ford and Chrysler. The union chose GM because it's in the best financial shape of...

10 Cheapest Rides to Own
10 Cheapest Rides to Own
Sep 11, 2007 10:15 AM CDT

10 Cheapest Rides to Own

Don't sacrifice your bank account to the wheel with gas and insurance costs

(Newser) - Affordable cars start at the sticker price—the lower the better. But over time, insurance payments and gas costs add up. Forbes searches out the 10 vehicles that will leave the smallest footprint on your wallet.
  1. Toyota Yaris
  2. Honda Fit
  3. Toyota Corolla

GM Scores With Crossovers
GM Scores With Crossovers
Sep 4, 2007 1:45 PM CDT

GM Scores With Crossovers

New models steering customers back onto American lots in droves

(Newser) - In its fierce battle with Asian automakers to reclaim the hearts and keys of American drivers, GM has three reasons to celebrate: the Buick Enclave, GMC Acadia, and Saturn Outlook. The company’s crossover vehicles combine the look of an SUV with the higher fuel economy of a sedan—and...

Apple, VW Steer Toward iCar
Apple, VW Steer Toward iCar
Aug 30, 2007 11:37 AM CDT

Apple, VW Steer Toward iCar

Car would appeal to young target groups, analysts say

(Newser) - Apple and Volkswagen are cruising toward a new partnership to develop a car loaded with gizmos from the digital maverick. Steve Jobs met with VW chief Martin Winterkorn in California this week to discuss plans for an “iCar,” the AP reports. Negotiations have just begun, but a VW...

Ridiculed Edsel Gains Traction
Ridiculed Edsel Gains Traction
Aug 25, 2007 12:16 PM CDT

Ridiculed Edsel Gains Traction

Ford's failure finds fans among auto collectors

(Newser) - The Ford Edsel, a symbol of commercial failure since its release 50 years ago, is finding a niche among admiring collectors, the LA Times reports. With only an estimated 5 or 6,000 left on the market since the line was discontinued in 1960, many are fetching high prices at...

Blazing Switches Trigger Massive Ford Recall

Cruise-control fires start even with engines off

(Newser) - Ford is recalling 3.6 million vehicles with cruise-control switches that have caused fires even with the engine off, CNN reports. The company recently settled a lawsuit in the death of a woman killed in her home after her husband said their Ford pickup burst into flames in the garage.

In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new CEO to cut costs

(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’...

Foreign Cars Outsell Detroit
Foreign Cars Outsell Detroit
Aug 2, 2007 5:14 AM CDT

Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from...

GM&rsquo;s Quarter Is Twice as Nice
GM’s Quarter Is Twice as Nice
Jul 31, 2007 10:02 AM CDT

GM’s Quarter Is Twice as Nice

Carmaker more than doubles estimates, beats Toyota in sales for quarter

(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous...

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers...

Ford Turns 1st Quarterly Profit in 2 Years

Automaker thumps expectations, moves into black for 2007

(Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford...

The 12 Greenest Rides
The 12 Greenest Rides
Jul 20, 2007 5:39 PM CDT

The 12 Greenest Rides

Forbes picks the 12 most environment-friendly cars.

(Newser) - You don't have to drive a hybrid to go green; half of Forbes' top picks for fuel-efficiency are small, brainy gas-driven cars. 
  1. Honda Civic Hybrid Sedan, $22,600
  2. Toyota Prius Sedan, $22,175
  3. Toyota Camry Hybrid Sedan, $26,200
  4. Ford Escape Hybrid SUV, $25,740
  5. Ford Focus, $13,995
...

Ford May Be Preparing to Unload Volvo

Struggling automaker would reverse earlier decision in push for cash

(Newser) - Faced with large losses and sagging sales in North America, Ford is ready to consider offers for its Volvo division, insiders say. As recently as two weeks ago, the company insisted that  Volvo was not for sale, the New York Times reports. Already on the market are two other Ford...

Ford and Edison Team Up on New Hybrids

Plug-in cars would be more fuel-efficient

(Newser) - Ford and Southern California Edison are joining currents to put some juice into the next generation of hybrid vehicles. The new cars will feature more powerful batteries, and will plug into a socket at night, storing energy and vastly increasing fuel economy. Edison is even looking into new tech that...

Japanese Foes Thump Big 3 in June Sales

Figures spell especially big trouble for GM

(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in...

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