Items by By BILL VLASIC
NYT > Business
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A Weight Hobbling G.M.
Posted: May 3rd, 2012, 10:07pm EDT by By BILL VLASIC
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As long as General Motors’ share price stays down, the automaker is likely to be saddled with its government stakeholder.
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Fisker Seeks Federal Loans to Build a Car in Delaware
Posted: April 4th, 2012, 12:41am EDT by By BILL VLASIC
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In search of a federal loan to build its cars at a plant in Delaware, Fisker is trying to re-establish its credibility as an independent automaker with cutting-edge technology.
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Two Top Executives at Ford to Retire
Posted: February 9th, 2012, 10:27am EST by By BILL VLASIC
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The retirements of Lewis Booth, the company’s chief financial officer, and Derrick Kuzak, Ford’s global product chief, had been expected, but could test the depth of the company’s management team.
NYT > Home Page
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Chrysler Posts $225 Million Profit, Capping Turnaround
Posted: February 1st, 2012, 7:39am EST by By BILL VLASIC
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Chrysler also reported net income of $183 million for 2011 and said its annual revenue increased 31 percent, to $55 billion.
NYT > Business
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Citing Increased Demand, AutoNation Improves Its Outlook
Posted: January 27th, 2012, 1:11am EST by By BILL VLASIC
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AutoNation, the country’s biggest automotive retailer, said its fourth-quarter revenue increased 13 percent, and that demand would continue to rise as America’s fleet of vehicles aged.
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Lawsuit Seeks Records From U.S. Investigation of Prius Acceleration
Posted: January 24th, 2012, 9:41pm EST by By BILL VLASIC
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A safety consulting firm accused the National Highway Traffic Safety Administration of holding back evidence that electronic systems in Toyota vehicles were causing unintended acceleration.
NYT > Home Page
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Lawsuit Seeks Records From U.S. Investigation of Prius Acceleration
Posted: January 24th, 2012, 8:40pm EST by By BILL VLASIC
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A safety consulting firm accused the National Highway Traffic Safety Administration of holding back evidence that electronic systems in Toyota vehicles were causing unintended acceleration.
NYT > Business
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Group Proposes NHTSA Add Expertise in Electronics
Posted: January 19th, 2012, 1:07am EST by By BILL VLASIC
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In its study, a branch of the National Academy of Sciences called on the N.H.T.S.A. to refine its investigative techniques and push for “black boxes” that record data in car crashes.
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G.M. Looks to Luxury Cars for Higher Profit
Posted: January 11th, 2012, 12:51am EST by By BILL VLASIC
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The crisis in Europe is leading General Motors to emphasize new luxury models meant to improve sales in America.
NYT > Home Page
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G.M. Looks to Luxury Cars for Higher Profit
Posted: January 11th, 2012, 12:51am EST by By BILL VLASIC
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The crisis in Europe is leading General Motors to emphasize new luxury models meant to improve sales in America.
NYT > Business
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Chrysler and Fiat Merger Shows Fruits of Teamwork
Posted: January 10th, 2012, 12:46am EST by By BILL VLASIC
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Some analysts said the Chrysler and Fiat merger could become a model for trans-Atlantic cooperation in the auto industry.
NYT > Home Page
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Chrysler and Fiat Merger Shows Fruits of Teamwork
Posted: January 10th, 2012, 12:46am EST by By BILL VLASIC
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Some analysts said the Chrysler and Fiat merger could become a model for trans-Atlantic cooperation in the auto industry.
NYT > Business
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Ford and Chrysler to Follow G.M. on Pact, U.A.W. Chief Says
Posted: September 21st, 2011, 12:20am EDT by By BILL VLASIC
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The base hourly wage of the new workers will rise 36 percent over the next four years, the union said.
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Ford and Zipcar Join Forces
Posted: August 31st, 2011, 2:28am EDT by By BILL VLASIC
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Ford Motor and Zipcar are expected to announce a partnership in which the automaker will supply its vehicles to Zipcar rental locations on 250 college and university campuses.
NYT > Home Page
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Ford and Zipcar Join Forces
Posted: August 31st, 2011, 2:28am EDT by By BILL VLASIC
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Ford Motor and Zipcar are expected to announce a partnership in which the automaker will supply its vehicles to Zipcar rental locations on 250 college and university campuses.
NYT > Business
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G.M.’s Profit Jumps 89% as U.S. Sales Grow Quickly
Posted: August 5th, 2011, 3:09am EDT by By BILL VLASIC
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The results were driven by strong sales and helped by higher prices and lower incentives.
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Negotiators Nearing Deal on Mileage for Vehicles
Posted: July 27th, 2011, 12:29am EDT by By BILL VLASIC
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The goal of the White House was 56.2 miles per gallon by 2025, but it may settle for 54.5 m.p.g.
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G.M.’s Earnings Triple in First Quarter
Posted: May 5th, 2011, 10:45am EDT by By BILL VLASIC
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First-quarter net income was $3.2 billion, or $1.77 a share, one of G.M.’s best performances since the early 2000s. Quarterly revenue rose about 15 percent to $36.2 billion.
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Ford Shares Tumble as Fourth Quarter Misses Forecast
Posted: January 28th, 2011, 9:33pm EST by By BILL VLASIC
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Ford said that sales in Europe were lower than expected and that it had spent considerable resources introducing new models.
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A Resurgent Chrysler Says It Is Here to Stay
Posted: January 10th, 2011, 9:20pm EST by By BILL VLASIC
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Chrysler is in the midst of a new-product blitz that includes revamped models, as well as smaller models it will get from Fiat.
NYT > Home Page
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A Resurgent Chrysler Says It Is Here to Stay
Posted: January 10th, 2011, 9:20pm EST by By BILL VLASIC
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Chrysler is in the midst of a new-product blitz that includes revamped models of the Grand Cherokee and the 300 sedan, as well as smaller models it will get from Fiat.
NYT > Business
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G.M. Plans 1,000 New Hires to Develop More Green Vehicles
Posted: November 30th, 2010, 5:50pm EST by By BILL VLASIC
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As the plug-in Volt begins production, G.M. says it will hire 1,000 engineers and researchers in Michigan to develop more electric cars and hybrids.
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A New Look in Detroit for the Newly Public G.M.
Posted: November 20th, 2010, 2:44am EST by By BILL VLASIC
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General Motors is completing its makeover, which includes reducing the government’s stake in the company and changing its signs.
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DealBook: G.M. Shares End 1st Day With 3.6% Rise
Posted: November 18th, 2010, 8:33pm EST by By BILL VLASIC
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General Motors returned to the stock market with a car show on Wall Street and a congratulatory message from President Obama, but the shares did not deliver a big surge above the price of the initial public offering.
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General Motors Can Fly Again for Stock Sale
Posted: November 3rd, 2010, 11:10pm EDT by By BILL VLASIC
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The federal government has approved the use of chartered aircraft to ferry managers on a “road show” for a public stock offering.
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In G.M.’s Comeback, a Major Role for Washington
Posted: November 2nd, 2010, 4:50pm EDT by By BILL VLASIC
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The Obama administration distanced itself from day-to-day management of G.M. but played an important role in decisions on leadership and strategy.
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Buyers Find Electric Car Brings Perks
Posted: October 7th, 2010, 6:37pm EDT by By BILL VLASIC
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Buyers of the first all-electric car receive tax credits, rebates, a charging unit and, in some areas, free parking.
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G.M. Says Treasury Will Sell Its Stake Over Time
Posted: September 16th, 2010, 10:41am EDT by By BILL VLASIC
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How long it takes for the government to divest its holdings in General Motors will, in part, be determined by the company’s success, G.M.’s chief executive said.
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With I.P.O., Ed Whitacre Sees Exit Sign From G.M.
Posted: August 20th, 2010, 2:00am EDT by By BILL VLASIC
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Edward E. Whitacre Jr. has looked forward to the day the carmaker would no longer be under government ownership, but thinks a public offering requires a long-term leader.
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Detroit Goes From Gloom to Economic Bright Spot
Posted: August 14th, 2010, 2:30am EDT by By BILL VLASIC
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The excesses that hurt automakers in the past — overproduction, bloated vehicle lineups and expensive rebates — are now gone, analysts say.
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G.M. Reports Profit and Says Whitacre Will Leave
Posted: August 13th, 2010, 1:40am EDT by By BILL VLASIC
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A transition at the top, for a successor chosen by General Motors’ board, was taken as a sign of the government’s shrinking role in the automaker.
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Low Profile for Chrysler After a Year of Change
Posted: January 11th, 2010, 11:05pm EST by By BILL VLASIC
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Sergio Marchionne, the carmaker’s chief executive, said that the company had to endure a fallow period before it could refresh its vehicle lineup.
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Ford’s Bet: It’s a Small World After All
Posted: January 9th, 2010, 3:41pm EST by By BILL VLASIC
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The new Focus is Ford’s first truly global car — a single vehicle designed and engineered for customers in every region of the world.
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Chief Says G.M. Is on Road to Profits
Posted: January 7th, 2010, 1:11am EST by By BILL VLASIC
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The chief executive of General Motors, Edward E. Whitacre Jr., predicted that G.M. would both become profitable and repay its government loans this year.
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A Flush G.M. to Lavish Cash on New Vehicles
Posted: December 7th, 2009, 11:26pm EST by By BILL VLASIC
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During the automaker’s slide into bankruptcy, it had to suspend some of its investments. But the new chief seems eager to play aggressive offense.
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After Bankruptcy, G.M. Struggles to Shed a Legendary Bureaucracy
Posted: November 13th, 2009, 1:10am EST by By BILL VLASIC
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G.M. will present its first postbankruptcy scorecard on Monday, when it reports third-quarter earnings and its cash reserves.
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G.M. Is Adapting to a New Culture, Chief Says
Posted: October 7th, 2009, 11:07pm EDT by By BILL VLASIC
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The chief executive, Fritz Henderson, said that G.M. was requiring faster decisions and more accountability.
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G.M. to Make a 60-Day Money-Back Offer
Posted: September 10th, 2009, 9:51am EDT by By BILL VLASIC
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In an all-out effort to restore confidence in its products, General Motors will offer a 60-day, money-back guarantee on all its vehicles beginning on Monday.
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Toyota Tops List of Cash-for-Clunkers Winners
Posted: August 27th, 2009, 1:40am EDT by By BILL VLASIC
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Detroit automakers combined accounted for just under 40 percent of sales, less than the 45 percent posted by Asian companies.
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Brief Relief, but No Cure for Carmakers From Clunker Plan
Posted: August 21st, 2009, 10:38pm EDT by By BILL VLASIC
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The cash-for-clunkers program provided a short-term bonanza for automakers but will not have a lasting effect on the industry’s worst sales slump in 25 years.
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Ford Studying Techniques to Charge Electric Vehicles
Posted: August 19th, 2009, 12:56am EDT by By BILL VLASIC
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Carmakers hope to make recharging battery-powered vehicles as cheap and convenient as possible.
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Ford Moves to Increase Production
Posted: August 13th, 2009, 1:13pm EDT by By BILL VLASIC
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The automaker will produce 10,000 more cars in the third quarter and 140,000 more in the fourth.
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G.M. Hopes New Lineup Brings Back Excitement
Posted: August 12th, 2009, 1:23am EDT by By BILL VLASIC
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The automaker says it wants to attract buyers who value economy and technology over size and horsepower.
NYT > Home Page
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G.M. Says Volt Will Get Triple-Digit City Mileage
Posted: August 11th, 2009, 10:19am EDT by By BILL VLASIC
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The company said that in the city, most drivers will rely on the rechargeable battery and should get at least 230 miles per gallon.
NYT > Business
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G.M. Chairman Vows to Defend Market Share
Posted: August 4th, 2009, 9:38pm EDT by By BILL VLASIC
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In his first board meeting, Edward E. Whitacre Jr. left no doubt that he would be pushing the management team hard to reverse G.M.’s decades-long slide.
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Dealers Welcome Clunker Traffic, Even if It’s No Cure-All
Posted: August 1st, 2009, 1:38am EDT by By BILL VLASIC
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Analysts said the jump in July vehicle sales will be significant, but perhaps temporary.
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Once-Mothballed Taurus Is Back on Stage at Ford
Posted: July 30th, 2009, 1:57am EDT by By BILL VLASIC
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Ford’s chief executive, Alan R. Mulally, figured the Taurus name still had value, even though it had become a staple of rental car fleets.
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G.M. Insider Wants to Show He’s Tough Enough
Posted: June 16th, 2009, 10:34am EDT by By BILL VLASIC
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Fritz Henderson said that changes were coming at General Motors that would demonstrate his willingness to break from the past.
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Chrysler Cures a Bankruptcy, but Tests Loom
Posted: May 27th, 2009, 11:52pm EDT by By BILL VLASIC
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Chrysler will have some benefits with its new partner, Fiat, but it will be competing in a brutal marketplace that may make bankruptcy court seem like a refuge.
NYT > Home Page
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Chrysler Cures a Bankruptcy, but Tests Loom
Posted: May 27th, 2009, 11:34pm EDT by By BILL VLASIC
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Chrysler will have some benefits with its new partner, Fiat, but it will be competing in a brutal marketplace that may make bankruptcy court seem like a refuge.
NYT > Business
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Holdouts Jeopardize Debt Plan for Chrysler
Posted: April 29th, 2009, 1:49am EDT by By BILL VLASIC
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The Treasury Department has told the lenders that they must accept $2 billion in cash to eliminate about $6.9 billion in secured debt by a deadline on Thursday.
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Choosing Its Own Path, Ford Stayed Independent
Posted: April 8th, 2009, 9:29pm EDT by By BILL VLASIC
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In what seemed like a desperate act three years ago, Alan R. Mulally’s decision to come up with private loans to stay afloat has proven to be its saving grace.
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Choosing Its Own Path, Ford Stayed Independent
Posted: April 8th, 2009, 9:29pm EDT by By BILL VLASIC
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In what seemed like a desperate act three years ago, Alan R. Mulally’s decision to come up with private loans to stay afloat has proven to be its saving grace.
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At G.M., an Abrupt Changing of the Guard
Posted: April 1st, 2009, 1:07am EDT by By BILL VLASIC
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With churning emotions, Fritz Henderson awkwardly took over the responsibility to fix General Motors from Rick Wagoner, a friend and colleague for more than 20 years.
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G.M. Tries a New Tack to Win Aid
Posted: March 19th, 2009, 12:32am EDT by By BILL VLASIC
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Once known as secretive, G.M. has its books open and its hand out for another federal bailout.
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G.M. Lays Its Future on Washington’s Doorstep
Posted: February 27th, 2009, 2:52am EST by By BILL VLASIC
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Rick Wagoner, the chief executive of General Motors, met with government officials to discuss the carmaker’s finances after the company reported a $9.6 billion loss for the quarter.
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Ford Reports a Record $14.6 Billion Loss for 2008
Posted: January 30th, 2009, 1:08am EST by By BILL VLASIC
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Ford said it had “sufficient liquidity” despite losing $14.6 billion last year and $5.9 billion in the fourth quarter.
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$1.5 Billion U.S. Loan for Chrysler Financial
Posted: January 16th, 2009, 3:58pm EST by By BILL VLASIC
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The Treasury Department said that it would make the loan to Chrysler’s finance arm to help it make new car loans as part of a broader program to revive the domestic auto industry.
NYT > Home Page
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$1.5 Billion U.S. Loan for Chrysler Financial
Posted: January 16th, 2009, 3:58pm EST by By BILL VLASIC
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The Treasury Department said that it would make the loan to Chrysler’s finance arm to help it make new car loans as part of a broader program to revive the domestic auto industry.
NYT > Business
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Wagoner Says G.M. Is Working on an Overhaul Tied to the Bailout
Posted: January 13th, 2009, 10:23am EST by By BILL VLASIC
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The chairman of General Motors said that a $13.4-billion federal aid package would be sufficient to keep the company solvent through March.
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Detroit Goes for Electric Cars, but Will Drivers?
Posted: January 10th, 2009, 9:58pm EST by By BILL VLASIC
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Ford and other carmakers are betting billions on electric cars despite questions about consumer demand for them.
NYT > Home Page
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Detroit Goes for Electric Cars, but Will Drivers?
Posted: January 10th, 2009, 9:39pm EST by By BILL VLASIC
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Ford and other carmakers are betting billions on electric cars despite questions about consumer demand.
NYT > Business
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Ford Hybrid Emphasizes High Mileage
Posted: December 31st, 2008, 1:25am EST by By BILL VLASIC
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The midsize Fusion Hybrid is Ford’s strongest effort yet to break the dominance of Japanese automakers in hybrid passenger cars.
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Ford Hybrid Emphasizes High Mileage
Posted: December 31st, 2008, 1:25am EST by By BILL VLASIC
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The midsize Fusion Hybrid is Ford’s strongest effort yet to break the dominance of Japanese automakers in hybrid passenger cars.
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After Its Big Cuts, Detroit Makes Lots of Small Ones
Posted: December 15th, 2008, 7:57am EST by By BILL VLASIC
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As sales continue to plummet, the Big Three automakers are scrutinizing every budget line for potential savings to save cash.
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Big Three May Need to Trim Number of Car Brands
Posted: December 1st, 2008, 10:42pm EST by By BILL VLASIC
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For automakers to win over lawmakers in their bid for aid, they will have to prove that they are serious about shrinking their vast lineups of different models.
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Each Player in Big Three Is Devising Its Own Plan
Posted: December 1st, 2008, 11:53am EST by By BILL VLASIC
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The Detroit automakers will have diverging agendas as they take their second run at Congress for federal aid.
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Ford Scion Looks Beyond Bailout to a Green Agenda
Posted: November 24th, 2008, 12:50am EST by By BILL VLASIC
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William C. Ford Jr. could play a critical role in how the Obama administration decides to aid the auto industry.
NYT > Home Page
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Ford Scion Looks Beyond Bailout to a Green Agenda
Posted: November 24th, 2008, 12:50am EST by By BILL VLASIC
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William C. Ford Jr. could play a critical role in how the Obama administration decides to assist the auto industry.
NYT > Business
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Kerkorian Sells Part of His Stake in Ford
Posted: October 21st, 2008, 11:37am EDT by By BILL VLASIC
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The move by the billionaire investor Kirk Kerkorian is a stinging no-confidence vote in America’s auto industry.
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G.M. Merger Talks With Chrysler Said to Intensify
Posted: October 17th, 2008, 1:14am EDT by By BILL VLASIC
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Discussions between General Motors and Chrysler are said to be gaining momentum, as both sides want to reach an agreement within the next two to three weeks.
NYT > Home Page
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G.M. Merger Talks With Chrysler Said to Intensify
Posted: October 17th, 2008, 1:14am EDT by By BILL VLASIC
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Discussions between General Motors and Chrysler are said to be gaining momentum, as both sides want to reach an agreement within the next two to three weeks.
NYT > Business
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G.M. Held Merger Talks With Ford Before Chrysler
Posted: October 11th, 2008, 4:08pm EDT by By BILL VLASIC
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G.M. executives are said to have approached Ford about a merger in July, but Ford rejected the idea.
NYT > Home Page
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G.M. Held Merger Talks With Ford Before Chrysler
Posted: October 11th, 2008, 4:08pm EDT by By BILL VLASIC
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G.M. executives are said to have approached Ford about a merger in July, but Ford rejected the idea.
NYT > Business
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G.M. and Chrysler Explore Merger
Posted: October 10th, 2008, 10:35pm EDT by By BILL VLASIC
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General Motors is in preliminary talks about a possible merger with Chrysler, which could remake the auto industry.
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U.S. Auto Shares Plunge on a Grim Sales Forecast
Posted: October 9th, 2008, 10:12pm EDT by By BILL VLASIC
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A dire new forecast for global vehicle sales battered the shares of auto companies on Thursday, particularly General Motors, whose stock plunged more than 31 percent.
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Cerberus in Talks to Buy Remainder of Chrysler
Posted: September 25th, 2008, 1:16am EDT by By BILL VLASIC
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The move that could pave the way for further changes at the American automaker.
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Chrysler Shows Off Its Electric Cars
Posted: September 23rd, 2008, 5:27pm EDT by By BILL VLASIC
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The automaker said that it would put an electric car on sale in North America in 2010, putting it neck and neck with General Motors in the race to put a mass-produced electric vehicle on U.S. roads.
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G.M. and Ford Officials Seeking U.S. Loans to Meet Fuel Goal
Posted: September 17th, 2008, 1:49am EDT by By BILL VLASIC
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Executives from General Motors and the Ford Motor Company pressed their case on Tuesday for $25 billion in federal loans in a series of high-level meetings with lawmakers in Washington.
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Honda Stays True to Efficient Driving
Posted: August 25th, 2008, 11:45pm EDT by By BILL VLASIC
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In today’s fuel-conscious automotive market, Honda is reaping the rewards for its commitment to building fuel-efficient, environmentally friendly cars.
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G.M.’s Directors Stand Behind Wagoner
Posted: August 6th, 2008, 3:53pm EDT by By BILL VLASIC
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The chairman of General Motors, Rick Wagoner, has the “unified support” of the board and will continue to lead the troubled automaker, G.M.’s lead outside director said.
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For Ford, the Road Ahead Is Full of Smaller Cars
Posted: July 23rd, 2008, 11:28pm EDT by By BILL VLASIC
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With gas at $4, Ford is redirecting billions of dollars to build more small cars in a move that Alan R. Mulally, Ford’s chief, hopes will help the automaker thrive, not just survive.
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G.M. Chief Dismisses Crisis Talk as Inaccurate
Posted: July 10th, 2008, 11:17pm EDT by By BILL VLASIC
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The chief executive of General Motors did his best to strike down rumors that the automaker might seek bankruptcy protection soon.
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Market Place: To Avoid Stalling Out, G.M. Plumbs Its Resources
Posted: July 9th, 2008, 9:03am EDT by By BILL VLASIC
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General Motors’ cash cushion seems far from comfortable given the extraordinary drop in auto sales.
NYT > Home Page
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Market Place: To Avoid Stalling Out, G.M. Plumbs Its Resources
Posted: July 9th, 2008, 9:03am EDT by By BILL VLASIC
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General Motors’ cash cushion seems far from comfortable given the extraordinary drop in auto sales.
NYT > Business
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Ford Says Kerkorian’s Investment Is a Sign of Confidence
Posted: June 18th, 2008, 12:11am EDT by By BILL VLASIC
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After waging bitter battles with management at Chrysler and General Motors, the financier Kirk Kerkorian is off to a more peaceful start as a major shareholder in the Ford Motor Company.
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G.M. Closing 4 Truck Plants in Shift Toward Cars
Posted: June 3rd, 2008, 5:04pm EDT by By BILL VLASIC
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Responding to a consumer shift to more fuel-efficient vehicles, G.M. is also weighing a sale of Hummer.
NYT > Home Page
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G.M. Closing 4 Truck Plants in Shift Toward Cars
Posted: June 3rd, 2008, 5:04pm EDT by By BILL VLASIC
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Responding to a consumer shift to more fuel-efficient vehicles, G.M. is also weighing a sale of Hummer.
NYT > Business
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As Market Shifts, Ford Sees Profit Fleeing
Posted: May 23rd, 2008, 4:46am EDT by By BILL VLASIC
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Rising gas prices and falling truck sales prompted the automaker to announce production cuts and retreat on its goal to become profitable by 2009.
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Kerkorian Moves to Buy a Bigger Stake in Ford
Posted: May 9th, 2008, 11:53pm EDT by By BILL VLASIC
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The billionaire investor started a cash tender offer on Friday to bolster his stake in Ford to 5.6 percent, but stopped short of revealing his long-term plans as a major shareholder.
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As Gas Costs Soar, Buyers Flock to Small Cars
Posted: May 2nd, 2008, 4:11pm EDT by By BILL VLASIC
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About one in five vehicles sold in the U.S. in April was a compact or subcompact car, while sales of pickups and S.U.V.’s fell sharply. -
A Star at Toyota, a Believer at Ford
Posted: April 20th, 2008, 2:31am EDT by By BILL VLASIC
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James D. Farley, Ford’s chief marketing officer, says he grasps that Ford is at a crossroads and that it has been on a tortured path over the last decade. -
Latest Hitch for Delphi, New Worry for G.M.
Posted: April 5th, 2008, 5:55am EDT by By BILL VLASIC
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A private equity group backed out of a deal to invest $2.55 billion in the auto-parts maker, dealing a blow to General Motors, which relies heavily on Delphi parts. -
Turning to a Turnaround Pro
Posted: March 28th, 2008, 1:24am EDT by By BILL VLASIC
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Frederick A. Henderson is charged with accelerating General Motors’s growth around the world while steering its comeback effort at home. -
Can a Toyota Man Fix Chrysler?
Posted: March 13th, 2008, 9:02am EDT by By BILL VLASIC
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Seeking stability, Chrysler turns to James E. Press, a 37-year veteran of rival automaker Toyota.