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Manufacturer NewsThe latest automotive manufacturer news (Ford, GM, Chrysler...).
General Motors has a perfectly good crossover that's waiting to be produced. Actually it was produced; several hundred were assembled before production was halted. I'm talking about the Saab 9-4X. Former President George W. Bush on Monday defended approving the bridge loans that kept General Motors and Chrysler Group alive during the 2008 U.S. financial crisis. Electric car startup Fisker Automotive said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy. About 25 dealers met with Saab Cars North America Monday to discuss the formation of a parts distribution company and the disposal of 2,200 new cars remaining in Saab's dealer inventory. Nissan Division, the one major Japanese brand whose sales were not greatly affected by the March earthquake, is looking to add to its 2011 momentum with a 16 percent increase in volume to 1. Talk about political football. Chrysler Group's two-minute Super Bowl ad is taking the heat from conservative commentators who claim the commercial is a veiled endorsement for President Barack Obama's re-election campaign. Clint Eastwood and Sergio Marchionne. Not, at first glance, an obvious pairing. But the two gentlemen combined for an unlikely branding value over the weekend. UAW President Bob King will join the supervisory board of GM's struggling Opel unit in March, marking the fourth new appointment to come out of Detroit recently, a German newspaper reported late on Monday. Acura will make a splash at the Chicago Auto Show this week with the introduction of its ILX small sedan and the redesigned 2013 RDX crossover. GMC will unveil the next-generation Acadia, and Hyundai will show a coupe version of the popular Elantra. GM aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told The Wall Street Journal in an interview. Home Page
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