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Chrysler LLC Celebrates 25th Anniversary of the Minivan

Chrysler invented the minivan segment in 1983 Since then, Chrysler has sold more than 12 million minivans worldwide Chrysler and Dodge minivans still command more than 40 percent of the U.S. minivan market The Company leads in innovation with more than 65 minivan-first features Chrysler minivans are the most awarded with more than 260 ...


 
Toyota iQ Wins Good Design Grand Award

Toyota announced today that its new "iQ" ultra-compact vehicle has won this years' Good Design Award Grand Award, the top prize in the Good Design Awards competition held annually in Japan. The "micro-premium" iQ, with a package that seats four in a vehicle 2,985mm long ...


 
Toyota to Export U.S.-made SUVs and Pickups

Toyota announced today that it plans to export the "Sequoia" SUV made at Toyota Motor Manufacturing, Indiana, Inc. to the Middle East and South America, and the "Tundra" pickup truck made at Toyota Motor Manufacturing, Texas, Inc. to South America. The planned exports, scheduled to ...


 
BMW and Sirius XM Radio Extend Relationship

BMW will continue to offer SIRIUS as a factory option with a one-year bundled subscription Woodcliff Lake, NJ - November 10, 2008... BMW has extended its relationship with SIRIUS XM Radio (NASDAQ: SIRI) through September of 2011. "Satellite radio's exceptional content fits well with BMW, delivering a premium mobility experience to our ...


 
Honda Announces the All-New Life

Honda Motor Co., Ltd. announced that sales in Japan of the all-new Life will begin on November 7, 2008. Continuing a tradition of superior comfort and utility, the new Life offers enhanced drivability and is the first minicar in Japan to include an audio system with a backup camera as standard equipment.*1 In addition, ...


 
GM to shift small crossover to GMC

General Motors will replace the Pontiac Torrent with a small GMC crossover for the 2009 model year. The new vehicle will be called the Terrain, say sources familiar with GM's product plans.
 
Nardelli hemmed in by Cerberus credit crunch

CEO Bob Nardelli and his management team are working on a short financial leash as they struggle to turn around ailing Chrysler LLC. They're limited to the roughly $10 billion in cash they have on hand. The company can't borrow any more.
 
Chrysler will cut fleet sales

Chrysler LLC plans to reduce fleet sales in 2008, CEO Bob Nardelli said. At a media event last week, he said 20 percent of annual sales would be a good target.
 
Crisis is looming for Plastech

One of North America's largest minority-owned auto parts suppliers is tottering into a financial crisis caused by its customers' production cutbacks. Over the past two weeks, Plastech Engineered Products Inc.
 
Exports of U.S. auto parts rise in quarter

U.S. auto parts exports rose by $1.48 billion in the third quarter as the falling dollar made U.S. goods cheaper abroad, according to corrected Department of Commerce data.
 
Last Mercury-only store exits new-car business

A breed many never knew existed became extinct last week: The nation's last Mercury-only dealership departed the new-car business. Community Motor Co. in Canonsburg, Pa.
 
Nissan sales boss retires

Bill Bosley, general manager of Nissan Division, has retired. Bosley, 53, will be succeeded on Jan. 1 by Al Castignetti, regional vice president over Nissan's Northeast sales region.
 
Climate bill dangles $40 billion for auto industry

Things are not really rosy in Washington right now for the automobile industry, but automakers and suppliers could be among the ultimate winners if the federal government caps greenhouse gas emissions.
 
 
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