Ford Motor Company Welcomes Action to Provide Emergency Funding to GM and Chrysler
Dec 19, 2008
DEARBORN, Mich., Dec. 19 -- Ford Motor Company said today that it welcomes action by the Administration to provide emergency funding for General Motors Corp. and Chrysler LLC. "As we told Congress, Ford is in a different position. We do not face a near-term liquidity issue, and we are not seeking short-term financial a ... Continue reading
Bush Now Appears to Favor an "Orderly" Bankruptcy for Detroit Three
Dec 18, 2008
AUTO CENTRAL - December 18, 2008: In a live televised interview this morning President Bush talked about an "orderly" bankruptcy as the solution for the three American automakers, as opposed to making any specific announcement or decision to try and take some of the funds from the $700 billion bailout package (or what ... Continue reading
Press Pass Coverage of the 2008 Los Angeles Auto Show: "It's As If You Were Here"
Nov 29, 2008
2008 LA Auto Show,LOS ANGELES - November 23, 2008: Once again, TheAutoChannel.com is proud to present exclusive PRESS PASS COVERAGE of the Los Angeles Auto Show, one of the world's great car and truck shows. Watching TACH's video coverage is like having Media Credentials to this major automotive event. You'll see the s ... Continue reading
Why It's Essential for Congress to Provide Financial Stimulus to the U.S. Auto Industry
Nov 26, 2008
The Fate of the Industrialized World Hangs In the Balance This Is Not Merely Issue of Protecting a Segment of the Work Force; itâs an Issue of Societal Progress By Marc J. Rauch Exec. Vice President/Co-Publisher Innovation has almost always been the stimulus to advance human civilization. Sometimes the innovations ... Continue reading
2008 LA Auto Show: 2010 Lincoln MKZ Builds On Success With New Face and Features - COMPLETE VIDEO
Nov 22, 2008
Expected Lincoln comfort, quality and driving experience paid forward in the 2010 Lincoln MKZ with updated design, new features and plusher interior New Sport Appearance Package with sport-tuned suspension shifts driving experience to the next level, especially with optional all-wheel drive. Six-speed SelectShift autom ... Continue reading
Denying Big Three a Bailout Can Be a Historic Opportunity to Get America off Oil and Save Detroit
Nov 18, 2008
By Edwin Black The impulse to accede to political pressure and jobs blackmail from the Big Three for a $25 billion bailout offers America a historic turning-point opportunity. This is the countryâs chance to both reform the auto industry and ignite a massive shift off of oil in one master stroke. How? The $25 bill ... Continue reading
Ford October US Sales Down 30.2%
Nov 3, 2008
DEARBORN, Mich., Nov. 3, 2008; An economic gauntlet, the likes of which haven't been seen in more than two decades, could not deter Ford's best-selling F-Series truck. Ford dealers celebrated Truck Month by delivering 43,324 F-Series in October. October also marked the annual Texas Truck Rodeo competition conducted by ... Continue reading
Ford October 2008 U.S. Sales Drop 30.2%
Nov 3, 2008
Ford Simplifies Complex Trim Choices For Buyers
Oct 29, 2008
By DETROIT, Oct 29, 2008; David Bailey writing for Reuters reported that Ford Motor Co is rolling out a sharply simplified vehicle line-up for the 2009 model-year by slashing thousands of configurations of features from its order book in a bid to cut costs and smooth showroom transactions. For Ford, getting back to its ... Continue reading
Oct 28, 2008
DETROIT, Oct 28, 2008; Soyoung Kim and Poornima Gupta writing for Reuters reported that billionaire investor Kirk Kerkorian has reduced his stake in Ford Motor Co to 4.89 percent over the past week, his investment company said on Tuesday. Kerkorian, the largest outside investor of Ford, had said last week he sold share ... Continue reading
WSJ: Luxury Auto Makers Gird for Sales Slump
Oct 20, 2008
Washibngton DC October 20, 2008; The AIADA newsletter reported that since about 2002, BMW, Mercedes, Lexus, Acura, Audi, Infiniti and a rejuvenated Cadillac boomed as they lured upper middle class consumers into their showrooms with lease deals and financing that made their cars and sport utility vehicles affordable to ... Continue reading
New Lincoln MKT Crossover Announced
Aug 16, 2008
PEBBLE BEACH, Calif., Aug. 15, 2008 - Kicking off the weekend marking the celebrated Pebble Beach Concours d'Elegance, Lincoln today confirms it will produce the Lincoln MKT, a premium, three-row luxury crossover based on a the well-received concept vehicle. "The Lincoln MKT reinforces our commitment to further expand ... Continue reading
2008 AUTOMOTIVE MANAGEMENT BRIEFING SEMINARS-DAY 4
Aug 15, 2008
Day Four â The Heavyweights Pontificate By Steve Purdy TheAutoChannel.com Detroit Bureau This morningâs lineup of speakers was impressive: Mark Fields, Fordâs president of the Americas; Michael Stanton, president and CEO of the Association of International Automobile Manufacturers, Inc.; Tom LaSorda (not ... Continue reading
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