Michael Rose: Jobs, Jobs, Jobs and Green Too: Can Transportation Drive the Future?

May 7, 2012

President Barack Obama, behind the wheel of Chevy Volt (Official White House Photo by Pete Souza) President Obama, who made rescuing the auto companies one of his first goals, officially opened his reelection campaign with a rally in Columbus, Ohio telling the crowd of 14,000 that he aims to take the country “forward” while his [...]

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Ford’s $2 Billion Lucky Break

May 5, 2012

* Court: evidence from Ford wrongly excluded in last year’s trial * Dealers first sued Ford in 2002 over truck prices * Class-action suit covers more than 3,100 US dealers May 4 (Reuters) – The Ohio Court of Appeals reversed a $ 2 billion judgment against Ford Motor Co this week and ordered a new [...]

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Which Age Group Is Driving New Car Sales?

May 4, 2012

Automakers are striving to reach new customers these days: While it’s baby boomers who have the most money and willingness to spend, carmakers are working harder and harder to attract millennials. People older than 50 now account for 62.3 percent of the auto market, according to a study released Thursday by the AARP and J.D. [...]

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GM’s Billion-Dollar Quarter

May 3, 2012

DETROIT — General Motors’ net income fell sharply in the first quarter, hurt by losses in Europe and a big accounting charge. But the results beat Wall Street estimates and GM turned in a strong performance in North America, lifting its stock price in pre-market trading Thursday. GM earned $ 1 billion, or 60 cents [...]

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Peter Navarro and Greg Autry: Commies in Cadillacs: GM Turns Chinese

May 2, 2012

General Motors announced this week that it will start building the Cadillac XTS, CTS and ATX in China in an attempt to keep up with the insatiable demand for luxury consumption by that nation’s nominally Marxist elite. It seems that Communist Party princelings and their crony capitalist clients just can’t get enough Caddies, not to [...]

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How To Save Suburbia

May 2, 2012

By Vanessa Quirk(click here for original article) Poverty and violence, boarded windows and weedy lawns, immigrants jammed “by the dozen into houses conceived for the Cleavers.” In “Can this Suburb be Saved?,” The New York magazine critic, Justin Davidson, begins by painting a bleak but realistic picture of suburbia today. It’s these conditions that are [...]

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David Kiley: Chrysler’s Dime Building Move A Strong Symbol Of Detroit Commitment

May 2, 2012

A few days after Chrysler reported its best quarterly earnings since its 2009 bankruptcy, the automaker announced it would move around 70 employees to the historic Dime Building in downtown Detroit. The Dime Building is one of Detroit’s architectural treasures. When completed in 1912, the tower was named the Dime Savings Bank Building after its [...]

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Chrysler Sales Highest In 4 Years

May 1, 2012

DETROIT — Toyota and Chrysler saw big U.S. sales gains in April, but they came at the expense of General Motors and Ford. Automakers are reporting sales throughout Tuesday. When they’re finished, industry-wide sales are likely to rise only a little above April of 2011, and the annual pace is expected to slow somewhat from [...]

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GM CEO: ‘I Wouldn’t Be Surprised’ If Next CEO Is A Woman

May 1, 2012

By Nick Tate PALM BEACH, Florida, April 30 (Reuters) – The boss of General Motors Co said on Monday the U.S. automaker’s most senior woman executive is one of his potential successors, adding that women deal with change better than men and GM still has a lot of changes to make since its 2009 bankruptcy [...]

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Chrysler Factory To Stay Open All Summer Long

May 1, 2012

DETROIT — Sales of Jeep Grand Cherokee and Dodge Durango SUVs are so strong that their factory will stay open through the normal two-week summer shutdown. Automakers typically close plants around the July 4 holiday to update cars and trucks for the new model year and maintain the machinery. But the Jefferson North factory in [...]

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