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Chrysler LLC Vice Chairman Tom LaSorda said Wednesday his company will invest $1.8 billion to expand a Detroit assembly plant and retool it to make a new car-based sport utility vehicle. ...more
August 14, 2008
Even with high gasoline prices, U.S. consumers still want high-quality vehicles that haul a lot of people and perform well, and that is forcing automakers to make radical changes in the way they manufacture vehicles, panelists at an industry conference said Monday. ...more
August 12, 2008
Lexus once again stands alone atop a closely watched ranking of vehicle dependability after Buick slipped from the No. 1 spot it shared with the Japanese luxury brand last year, J.D. Power and Associates said Thursday. ...more
August 8, 2008
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. ...more
August 1, 2008
Bleeding cash and with its very survival uncertain, Ford Motor Co., an icon of American automaking, will try to import some of its success from across the Atlantic. ...more
July 25, 2008
When Ford Motor Co. came out with its new Edge crossover in 2006, the company hoped the trucklike vehicle built on a car frame would attract longtime Ford buyers trading in their inefficient sport utility vehicles. ...more
July 15, 2008
Ford Motor Co., Toyota Motor Corp. and Nissan Motor Co. said June sales plunged as gasoline prices above $4 a gallon drove consumers away from fuel-thirsty trucks. ...more
July 2, 2008
Faced with a continuing plunge in pickup and sport utility vehicle sales, Ford Motor Co. on Friday tried to deal with the mess by delaying production of the new F-150 pickup and announcing further factory cuts. ...more
June 21, 2008
General Motors is closing four truck and SUV plants in the United States, Canada and Mexico, affecting 10,000 workers, as surging fuel prices hasten a dramatic shift to smaller vehicles. ...more
June 4, 2008
The Toyota Camry and Corolla sedans each outsold the traditionally top-selling Ford F-series truck in May, a sign of the rapid shift in customers' preferences from trucks and SUVs to small cars that is forcing painful production cuts and plant closures at General Motors Corp. and Ford Motor Co. ...more
June 4, 2008
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