In Ford's surprisingly strong third-quarter numbers, there are all sorts of people who could claim vindication. It starts at the top. The simple fact is that Ford wouldn't be poised for a break-out had Executive Chairman Bill Ford Jr. and the board of directors failed to recruit CEO Alan Mulally three years ago.
After surviving an extremely tough auto sales market in 2009, Honda will end the year with the introduction of the 2010 Accord Crosstour, which will hit dealerships in the coming weeks.
During its press conference at the Specialty Equipment Market Association's trade show in Las Vegas, Ford will debut the 2010 Cobra Jet Mustang and a Baja-ready 2010 FR Raptor XT. Neither vehicle can be driven on regular roads, as they are not intended to be street-legal.
The Government Accountability Office raised concerns Monday about the Obama administration's plan to disband the White House auto team and shift oversight to another Treasury office.
Toyota, fighting allegations that it might have a problem of unintended acceleration with its vehicles, said the risk exists only if the driver-side floormat is ill-fitting or loose. It could then jam the gas pedal.
The United Auto Workers said Monday it will not return to the bargaining table with Ford Motor Co. to renegotiate concessions that were soundly rejected by a majority of 41,000 Ford workers.
Ford Motor Co. surprised Wall Street with a $1 billion third-quarter profit Monday and quickly followed with a plan to tackle its debt -- the last major hurdle between Ford and sustained profitability.
Members of the Canadian Auto Workers voted overwhelmingly this weekend in favor of a new agreement with Ford Motor Co. even as their counterparts in the United States voted down changes to their own contract with the Dearborn automaker.
Employees of Chrysler Group LLC could be forgiven for being wary of their new Italian bosses. Detroit's No. 3 carmaker has been under European rule before -- but the culture clash was too great, and the merger that created DaimlerChrysler AG ended badly.
Chrysler Group LLC and partner Fiat SpA make vehicles with little in common, which will make harmonizing product, parts purchasing and production difficult, a Deutsche Bank analysis concludes.
