TRW Automotive turns 3Q profit on lower costs

TRW Automotive Holdings Corp. posted a third-quarter profit of $56 million on Wednesday, as cost cuts helped the auto parts supplier recover from a loss a year earlier. It also raised its full-year sales forecast.

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Penske Automotive 3Q profit rises 16 percent

Penske Automotive Group said Friday its third-quarter profit rose 16 percent, as sales spurred by the government's Cash for Clunkers program and lower expenses offset costs stemming from its failed effort to buy General Motors Co.'s Saturn brand.

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Asbury Automotive 3Q profit rises

Automotive retailer Asbury Automotive Group Inc. said Thursday its third-quarter profit rose 35 percent, as cost controls and inventory improvements offset a drop in sales.

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Sonic Automotive swings to 3Q profit

Automotive retailer Sonic Automotive Inc. said Tuesday it posted a $15.6 million third-quarter profit, as lower costs offset a drop in sales.

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Fisker to build hybrid cars at idled Del. GM plant

California luxury automaker Fisker Automotive is buying an idled General Motors assembly plant in Delaware to produce plug-in hybrid electric cars.

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GM hopes this time’s a charm with Lutz

Few folks have as much experience at retiring as Bob Lutz, who seems to be making a career of it.

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Penske takes on Saturn challenge

He’s been called a “competitive cuss,” especially by those who’ve had to go up against him, whether on track or in a business deal.  Roger Penske is a take-no-prisoners kind of executive, someone whose basic approach is to outwork, outthink, and out-execute the competition.  Now he’s going to have to prove that he can outperform General Motors. 

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Bright Automotive unveils 100 mpg hybrid truck

It sounds like a bright idea.

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Mich., speedway race ahead on auto R&D test center

Michigan International Speedway is hoping to rev its own and Michigan's economic engines by working with the state to use the track best known for NASCAR events to research and test advanced vehicle technology.

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MIS, state creating vehicle technology test center

Michigan International Speedway is working with the state to use and market the track known for NASCAR events to research and test advanced vehicle technology.

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L.A. auto show opens under a cloud

The current crisis engulfing the auto industry will soon lead some automakers to consolidate, Nissan’s Chief Executive Carlos Ghosn said Wednesday in his opening address to the Los Angeles auto show.

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Driver's Seat: GM staring into abyss

For mighty General Motors, the news could hardly be worse. The nation's biggest automaker said Friday it lost $2.5 billion in the latest quarter as it was slammed by a slowing economy, a global credit crisis and the effect of high energy prices.

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Tesla Motors to build electric sedan in California

When Tesla Motors Inc. began taking orders last year for its all-electric sports car, celebrities lined up to purchase the sleek zero-emission vehicle with the six-digit sticker price.

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GM bankruptcy described as unlikely

The past week has been a stomach-churning ride for investors in General Motors.

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$10 million bounty for super-efficient cars

A $10 million contest to develop super-efficient — and salable — automobiles is getting its official kickoff on Thursday, with Progressive Insurance providing the purse.

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Driver's Seat: Car dealers brace for tough year

If you want evidence that challenging times lie ahead for the automotive industry, look no further than the theme of the annual convention of the nation’s auto dealers in San Francisco this week: “profitability.”

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Automakers ready to cash in on car tech

Since the International Consumer Electronics Show opened Monday, the buzz surrounding automotive technology has been very real, and very loud, as a Formula One race car speeds around a tiny track outside the Las Vegas Convention Center.

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"Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011."

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Car dealers struggle during last quarter to try to make ends meet after "Cash for Clunkers" leaves market empty handed without few customers on the market charging their doors.

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Shocking development from the continuing saga of GM. I'm deeply saddened as I always felt Saturn was a great concept that GM poorly executed on.

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On Thursday GM announced that auto component supplier Magna International and the Russian bank Sberbank were selected to take over controlling interest in its European operations.

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The Car I'd Design

Warning: This article has nothing to do with anything of any importance. I needed a break from politics so I decided to write a non-political article to kill some time.

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What is your "Dream Car?"

Most of the people on the Vine who've read my articles or comments would label me as a serious liberal. When it comes to the environment, I want what's best for our planet and I try to champion green policy whenever and wherever applicable.

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The Board of Directors of the NEW General Motors ordered the rollout of new production models sooner than predicted. The Federally controlled G.M. will return to profitability soon, but is not there yet. Ain't federal welfare grand?

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There is no cut-and-dried decision for Toyota to make on NUMMI.

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Lasers to replace spark plugs.

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"What would he do? Hint: he doesn't think much of namby-pamby hybrids. In the future, Musk said, only electric cars will make sense.

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The government was successful when it warned that Chrysler might be forced into liquidation if the Supreme Court delayed its Chapter 11 process by more than a few days.

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But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.

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This is excellent news. The plant is the largest employer in Niagara County, New York and it has been wobbling along for years. It would be good to get it centered once again.

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As nouns go, "flop" is a good one—short, peppy, and to the point.

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If you take the PACs of Exxon, Halliburton, Peabody Coal, and Lockheed Martin, combine their 2008-cycle political spending, and multiply it by four, you get just over $13.1 million.

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Give President Obama credit

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Automaker warns of likely trouble ahead.

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Wow - if I could afford one, I'd realize what a great deal I'm getting buying the car in the USA versus China. I know things are improving over there, but really? Over $300k? Are they going to sell a lot of them at that price?

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Because many of the same bondholders presumably own credit default swaps on GM debt with AIG. And the US government has already made clear that it will cover those CDS's at 100 cents on the dollar.

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NEW YORK (Reuters) - Around $4 billion in payments on credit default swaps protecting General Motors Corp may need to be made if the automaker enters into a prepackaged bankruptcy, though any payments are unlikely to cause widespread losses, Bank of America said on Friday.

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Interesting. It looks better than the more station wagon-like predecessor.

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To some extent, China is making a virtue of a liability. It is behind the United States, Japan and other countries when it comes to making gas-powered vehicles, but by skipping the current technology, China hopes to get a jump on the next.

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President Barack Obama tore up the turnaround plans of both automakers Monday and handed them plans of his own. While the president said repeatedly that he "has no interest" in running a car company, he appears to be very much running GM. Advertisement

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A well-planned restructuring may help put these Americans on better economic footing. But we would do well to remember that these are not the only families who will be affected by intervention.

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Further, GM is slammed for producing cheap cars and selling them too cheaply.

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