Automakers

Source: video.msn.com --- 4 days ago
Aug. 2: With higher gas prices and low consumer confidence, overall sales for the U.S. auto industry are nearing their worst in more than a decade. NBC's Michelle Franzen reports. ...

Source: money.cnn.com --- 6 days ago
Read full story for latest details. ...

Source: us.rediff.com --- 3 days ago
According to the UNIDO International Yearbook of Industrial Statistics 2008, India ranks 12th in the list of world's top 15 Automakers, which is led by Japan followed by the United States and Germany. Other countries making it to list are Mexico, France, Korea, the United Kingdom, Canada, Spain, Iran, Sweden, Brazil, Italy and Indonesia. ...

Source: www.moreover.com --- 5 days ago
DETROIT - The downturn in the American auto industry is rapidly becoming a full-blown fight for survival among Detroits big Automakers. ...

Source: www.moreover.com --- 2 days ago
Extending the expression a step further, what?s bad for Automakers is worse for golf. Not long ago, American car companies supported golf perhaps more than any other industry. ...

Source: www.moreover.com --- 5 days ago
DETROIT - The downturn in the American auto industry is rapidly becoming a full-blown fight for survival among Detroits big Automakers. ...

Source: blogs.wsj.com --- 5 days ago
U.S. Automakers are in the midst of releasing another round of terrible monthly sales reports, and General Motors just reported a $15 billion loss. Those waiting for auto sales to recover may find it similar to waiting for the housing recovery — it’s a task tailored for the very patient. This spells more pain for [...] ...

Source: money.ninemsn.com.au --- 3 days ago
*Nikkei falls 1.2 percent, hits 2-week closing low *Toyota share hit year's low, Automakers slide ...

Source: www.marketwatch.com --- 4 days ago
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said Thursday it cut the ratings of the Big 3 Automakers and their respective financing units because of mounting losses and the deteriorating U.S. auto market. S&P cut the ratings of General Motors Corp. , Ford Motor Co. , and Chrysler LLC to B- from B. Similarly, the ratings of GMAC LLC , Ford Motor Credit Co., and DaimlerChrysler Financial Services Americas LLC, a unit of Daimler AG , were cut to B- from B. S&P said the GM and Ford ratings were taken off review for a possible further downgrade, while Chrysler's remain on review. "We believe sharply lower U.S. light-vehicle demand and the recent dramatic shift in demand away from large pickup trucks and SUVs amid higher gas prices will complicate the turnaround efforts of all three Automakers and reduce their currently adequate liquidity considerably over the next year and a half," said Robert Schulz, an S&P credit analyst, in a statement. ...

Source: money.ninemsn.com.au --- 5 days ago
* FTSEurofirst 300 drops 1.4 pct, down 0.5 pct on the week * Miners retreat along with metal prices ...

Source: news.in.msn.com --- 3 days ago
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Source: www.latimes.com --- 4 days ago
U.S. sales fall 13% in July. Companies blame pickup trucks, SUVs and tighter credit. GM reports a huge quarterly loss. A 25% decline in sales of light trucks and sport utility vehicles in July dragged the auto industry to one of its weakest months on record, with results announced by carmakers Friday providing more evidence that 2008 could be among the worst years ever. ...

Source: www.npr.org --- 4 days ago
General Motors' latest earnings report showed significant losses, and rival Ford is also doing poorly. While both Automakers are struggling domestically, they're still doing well overseas. Dustin Dwyer of Michigan Radio says U.S. labor unions may be partly to blame for the disparity. ...

Source: www.chron.com --- 6 days ago
Automakers were expecting July sales to be at their lowest level in more than a decade as sales of trucks and sport utility vehicles continued to plummet and new troubles in the auto leasing market further wrecked consumers' confidence. ...

Source: www.post-gazette.com --- 5 days ago
General Motors Corp., Bayerische Motoren Werke AG and Nissan Motor Co. posted quarterly financial results that trailed analysts' estimates as the slumping U.S. ... ...

Source: www.businesswire.com --- 6 days ago
--(BUSINESS WIRE)--Global Debt Network Automotive: ...

Source: www.ctv.ca --- 4 days ago
Buying a new, affordable car that you can count on to provide some bang for the buck over the long term should be a sure thing. ...

Source: www2.tbo.com --- 6 days ago
Standard & Poor's Ratings Services on Thursday cut its ratings for all three of the U.S.-based Automakers further into junk status, citing worries about their mounting cash losses and the continued deterioration of the U.S. auto market. ...

Source: seekingalpha.com --- 6 days ago
FP Trading Desk submits: Auto financing companies want out of the leasing business. Chrysler (DMX) Credit said it is getting out of the leasing game entirely, Ford Motor Co.’s (F) credit arm and GMAC are tightening leasing rules, and independent financers like Wells Fargo (WFC) are no longer interested either. The reason? High borrowing costs, write-downs of existing lease portfolios and continued pressure on used vehicle pricing. Complete Story » ...