Automobile industry
A survey by J.D. Power and Associates found that new-car salespeople are generally doing a better job of making customers happy, with General Motors and Ford Motor Co. brands scoring particularly high. The survey, which marks the fourth straight year of improvement, credits the recession and downturn in vehicle
Automobile industry
General Motors, the once-troubled giant of the automotive industry, has shaken its leadership with the sudden departure of CEO Fritz Henderson. The move comes after a period of intense tension between Henderson and the company's board of directors, particularly over the sale of foreign units like Saab and
Automobile industry
When a company like General Motors loses its CEO, the reaction from the family members of the ousted executive can be dramatic. For Sarah Henderson, daughter of GM's ousted CEO Fritz Henderson, the reaction was short-lived but explosive. Within minutes of the announcement, she posted a scathing message
Automobile industry
Market conditions have started to rebound, with a desire to return to "business as usual" among General Motors (GM) and Chrysler dealerships. Quorum Information Technologies Inc. (Quorum) saw a significant increase in qualified leads, with a 35% growth in the third quarter (Q3) of Fiscal Year (FY) 2009,
Automobile industry
General Motors Corporation is facing pressure to present a restructuring plan for its Adam Opel AG unit before governments decide how much money to provide to the struggling automaker. German Deputy Economy Minister Jochen Homann stated on Monday that GM should present its plan before governments make a decision, citing
Automobile industry
American consumers are feeling increasingly pessimistic about the economy and their financial futures, according to a pollster and author who spoke at the Greater New Haven Chamber of Commerce's Business Expo. Frank Luntz, author of "What Americans Really Want ... Really: The Truth About Our Hopes, Dreams, and
Automobile industry
European car sales showed a mixed development in October 2009, with Volvo Cars reporting a 15.8% year-on-year growth in sales, while Saab Automobile AB experienced a 65.1% decline. The industry as a whole saw a 11.2% increase in new passenger car registrations, with western Europe leading the
Automobile industry
Japanese carmakers, Toyota, Nissan, and Honda, have embarked on a 1,100-kilometer journey from Tokyo to Fukuoka to demonstrate the capabilities of fuel cell-powered vehicles in real-world conditions. The trip aims to showcase that these environmentally friendly vehicles can travel as far as gasoline-powered cars on a single fueling. The
Automobile industry
TOKYO, Nov 9 (Asia Pulse) - Environmentally friendly vehicles and compact cars dominated the upper rankings for Japanese new-car sales in October, driven by tax breaks and subsidies. Toyota Motor Corp.'s (TSE:7203) Prius hybrid took the top spot, with sales surging 420% year on year to 26,
Automobile industry
General Motors' decision to cancel its plan to sell a majority stake in its German unit Adam Opel GmbH to Canadian car-parts maker Magna International and its Russian partner, Sberbank, marks a shift in the company's business environment. The US automaker cited an improving business environment and
Automobile industry
Ed Whitacre, chairman of General Motors, will deliver a keynote address on the American automobile industry and the global economy at Texas Lutheran University (TLU) on November 10. The event, which is free and open to the public, will take place in Jackson Auditorium at 7:30 p.m. and
Automobile industry
Sanyo Electric Co. continues to aggressively expand its vehicle battery business, solidifying its position as a leading supplier of hybrid car batteries. The Osaka-based company has secured a deal with the PSA Peugeot Citroen group, its fifth major client in the business. Under the agreement, Sanyo will provide nickel-metal hybrid
