Auto Site News » financials

Report: Trollhättan buys entire classic Saab collection to preserve museum

admin — Wed, 25 Jan 2012 06:55:33 +0000

Filed under: Classics , Europe , Saab , Earnings/Financials Despite the popular saying, history cannot simply repeated. So, when faced with the possibility of losing the entire classic collection of cars that had made up the official Saab museum in Trollh Continue reading →

Report: Memo says Bush administration almost pushed GM and Chrysler into earlier bankruptcy

admin — Tue, 24 Jan 2012 23:34:55 +0000

Filed under: Government/Legal , Chrysler , GM , Earnings/Financials 2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist.

Excerpt from:
Report: Memo says Bush administration almost pushed GM and Chrysler into earlier bankruptcy

Report: Saab Cars North American undergoing bankruptcy liquidation

admin — Tue, 24 Jan 2012 09:36:43 +0000

Filed under: Saab , Earnings/Financials It’s a Saab story, we know, but this is – in all likelihood – the end of the road for Sweden’s “other” automaker. Sure, there are still talks of one foreign entity or another picking up where GM and Swedish Automobile (Swan)/ Spyker left off, but even if they do, they’ll have a heck of a lot of work on their hands. And that includes rebuilding its presence in North America.

Original post:
Report: Saab Cars North American undergoing bankruptcy liquidation

Submit your questions for Autoblog Podcast #266 LIVE

admin — Tue, 24 Jan 2012 04:15:40 +0000

Filed under: Auctions , Etc. , Chevrolet , Ford , GM , Earnings/Financials We record Episode #266 of the Autoblog Podcast tonight, and you can drop us your questions via our Q&A module below. Check out our discussion topics or chime in to help determine what else the crew chats about this evening. Subscribe to the Autoblog Podcast in iTunes if you haven’t already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight

Read the original:
Submit your questions for Autoblog Podcast #266 LIVE

Report: Ford to pay bonuses and raises, GM and Chrysler decline to do same

admin — Mon, 23 Jan 2012 15:17:57 +0000

Filed under: Chrysler , Ford , Earnings/Financials , Canada Ford has announced that it will give both bonuses and merit-based raises to the company’s salaried workers in the United States and Canada for the first time since 2008, according to Reuters . On average, the manufacturer will offer a 2.7 percent salary increase based on individual performance. The company stopped offering the bonuses after the financial crisis of 2009 sent automotive sales into a plunge.

More:
Report: Ford to pay bonuses and raises, GM and Chrysler decline to do same