Chrysler is the latest automaker to consider shedding an iconic brand, announcing Wednesday it has hired a financial consultant to advise the company in the possible sale of its Dodge Viper business.
JOLIET, Ill. -- General Motors Corp.'s top product executive says the race between GM and Toyota to produce a rechargeable car is meaningless because the companies' vehicles are so different.
TOKYO -- Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material costs, a slowing U.S. market and soaring gas prices.
In the United States, they may lose about $5.6 billion annually in earnings as consumers permanently shift to cars from more profitable trucks, said Scott Merlis, a managing director at research and consulting firm Ducker Worldwide.
It's good to get away from Detroit. Away from the Armageddon that is the auto industry. And away from the scandal plaguing Mayor Kwame Kilpatrick. Only you can't really get away.
Ford's Michigan Truck Plant is about to get an extreme makeover. On Tuesday, Ford said it will invest $75 million to retool the plant to produce a new generation of small cars from Europe. It will be one of three North American truck and SUV factories to convert to car production.
WASHINGTON -- Michigan's senior senator said he is working to win passage of a roughly $50 billion package of government-issued loans to assist Detroit's Big Three automakers.
