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October 2008 Archives
2:36 PM Fri, Oct 31, 2008 | Permalink |
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By Peter C. T. Elsworth  Email
First, this is rutting season so be extra careful on the roads, especially at dawn and dusk, as deer are on the move. As anyone......
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2:17 PM Fri, Oct 31, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Oil prices kept falling Friday, heading for their biggest monthly drop since futures trading began 25 years ago on signs that a......
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12:17 PM Fri, Oct 31, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Fall in this city has always felt a bit like spring elsewhere. It is traditionally the season of fresh starts for the hometown......
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12:13 PM Fri, Oct 31, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DEARBORN, Mich. -- With United States vehicle sales down nearly 13 percent this year, most car companies have been cutting production rather than increasing it.......
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8:57 AM Fri, Oct 31, 2008 | Permalink |
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By Peter C. T. Elsworth Email
AUTOMAKERS have long tried to make the car a relaxing sanctuary that eases the stress of overcrowded highways and gridlocked traffic. But while cushy......
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8:44 AM Fri, Oct 31, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Here is the lead editorial in today's New York Times: Here is a measure of just how grim the economic outlook is: It seems to......
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2:19 PM Thu, Oct 30, 2008 | Permalink |
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By Peter C. T. Elsworth Email
The sight of General Motors floundering around for a bailout is testimony to the great lesson of history - that nothing is permanent, not nations,......
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10:26 AM Thu, Oct 30, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- In its fight for survival on many fronts, General Motors is pushing to save every penny it can, even pressing plant workers to......
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3:49 PM Wed, Oct 29, 2008 | Permalink |
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By Peter C. T. Elsworth Email
For the auto industry, 2008 will be a year to forget. I mean, how can any industry deal with the kind of lurching fundamentals that......
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12:33 PM Wed, Oct 29, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Folks, check out this fascinating New York Times undown of GM's fateful committment to the SUV from around 1990 through last year. And as the......
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4:00 PM Tue, Oct 28, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON - Beleaguered U.S. automakers are seeking federal help beyond the money that Congress has made available for them as part of a financial industry......
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2:11 PM Fri, Oct 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
With oil prices tumbling, the Organization of Petroleum Exporting Countries (OPEC) is really caught between a rock and a hard place. On the one hand,......
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10:36 AM Fri, Oct 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Auto industry gloom spans the globe, according to USA Today. General Motors said it will cut salaried jobs and benefits this year and put a......
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9:56 AM Fri, Oct 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
VIENNA -- OPEC said at an emergency meeting Friday that it will slash oil production by 1.5 million barrels to stem the "dramatic collapse" of......
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12:40 PM Thu, Oct 23, 2008 | Permalink |
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By Peter C. T. Elsworth Email
One of the great privileges of my profession is being able to meet people from all walks of life. Yesterday was a day in which......
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9:33 AM Thu, Oct 23, 2008 | Permalink |
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By Peter C. T. Elsworth Email
TOKYO -- Toyota will post its first decline in annual global sales in a decade this year, hit by slowing demand worldwide amid the financial......
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9:29 AM Thu, Oct 23, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LONDON - Oil prices rebounded from a 16-month low to above $67 on Thursday on expectations that OPEC will move to shore up plummeting prices......
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9:27 AM Thu, Oct 23, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Chrysler cutting 1,825 jobs with moves at 2 plants By TOM KRISHER AP Auto Writer Advertisement Multimedia The Cars That Made Chrysler Famous Latest News......
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2:16 PM Wed, Oct 22, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Oil prices tumbled below $67 a barrel to 16-month lows Wednesday after the government reported big increases in U.S. fuel supplies -......
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11:04 AM Mon, Oct 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Consumers got another break at the gas pump Monday, as prices dropped further below $3 a gallon and approached year-ago levels even......
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11:04 AM Mon, Oct 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
The only scenario seemingly not on the table for Chrysler LLC is the status quo as pressure mounts to decide the fate of Detroit's No.......
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11:03 AM Mon, Oct 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Oil prices were hovering above US$74 a barrel Tuesday as investors expected OPEC to try to halt a three-month slide in prices by cutting production......
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10:49 AM Mon, Oct 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Gasoline prices have dropped another 25 cents this week, falling below $3 per gallon, according to AAA Southern New England, according to The Providence Journal.......
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10:10 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Falling oil prices are now providing the only ray of hope on the economic horizon. And it could well be good for the auto industry.......
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10:10 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
By the time you read this, General Motors may have already merged with Chrysler. That's how fast things are moving with GM apparently wanting to......
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10:10 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
By the time you read this, General Motors may have already merged with Chrysler. That's how fast things are moving with GM apparently wanting to......
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10:10 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
General Motors will lay off about 1,600 hourly workers at assembly plants in Detroit, Pontiac and Wilmington, Del., as it responds to decreasing consumer demand......
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9:59 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Tighter credit standards are forcing many car buyers to put down more cash up front to get a loan, according to USA Today. The average......
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9:55 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Chrysler LLC Chief Executive Bob Nardelli says a steep decline in U.S. auto sales has created an environment for industry consolidation, but he......
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9:49 AM Fri, Oct 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Oil prices rose to around $71 a barrel Friday from a 14-month low as investors bet fears that a severe global recession will devastate crude......
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12:17 PM Thu, Oct 16, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Oil briefly plunged below $69 a barrel Thursday, bringing its price to less than half its July record high after the government......
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12:17 PM Thu, Oct 16, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Bob "Moan n' Groan" Nardelli may be offering Automotive News dire warnings about the future of the auto industry, but I'll bet he's safely strapped......
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11:08 AM Thu, Oct 16, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT-- With October auto sales expected to fall short of September's 15-year low, General Motors is launching a campaign this week to reach people who......
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9:57 AM Wed, Oct 15, 2008 | Permalink |
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By Peter C. T. Elsworth Email
The possibility of a General Motors and Chrysler merger encountered stiff opposition Tuesday from organized labor around the world, concerned about the possibility of job......
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9:57 AM Wed, Oct 15, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON - The average U.S. retail gasoline price fell 33.3 cents over the last week to $3.15 a gallon, the biggest price decline ever recorded......
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9:43 AM Wed, Oct 15, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Oil slides on global recession fears By GEORGE JAHN Associated Press Writer Advertisement Interactives Brazil drills deep into ocean for oil History's impact on oil......
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9:44 AM Tue, Oct 14, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LONDON -- Oil prices climbed above $84 a barrel on Tuesday on hopes the economic fallout from the financial crisis would be curbed by U.S.......
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3:35 PM Thu, Oct 09, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Well, I guess we're here: The U.S. economy has sunk into a recession and government action is critical to stem the damage, according to economists......
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3:28 PM Thu, Oct 09, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK - Oil prices fell more than $2 to below $87 a barrel on Thursday as expectations that the financial crisis could further slow......
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3:28 PM Thu, Oct 09, 2008 | Permalink |
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By Peter C. T. Elsworth Email
How bad can it get? Check out what happened to GM's stock today: DETROIT - General Motors shares fell to their lowest level since 1950......
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9:52 AM Thu, Oct 09, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Hurd Auto Mall has is now Rhode Island's exclusive distributor for Eurospeed Scooters which get 80 miles to the gallon. Scooters, which do not require......
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3:05 PM Wed, Oct 08, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Okay, I was wrong. A few weeks ago - and that feels like a lifetime in these historic times - I wrote that I expected......
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1:06 PM Wed, Oct 08, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Tasca Automotive Group raised $6,000 at its 11th annual Mustang Rally last month despite the intrusion of Hurricane Hanna, according to Tasca. The rally, which......
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1:06 PM Wed, Oct 08, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Automotive News has some pretty sobering articles on its front page this week - under the overall headline, "The Great Collapse." In terms of sales,......
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10:31 AM Wed, Oct 08, 2008 | Permalink |
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By Peter C. T. Elsworth Email
VIENNA, Austria -- Oil prices were down Wednesday but off earlier lows on a rate cut by the world's major central banks, according to The......
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10:28 AM Wed, Oct 08, 2008 | Permalink |
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By Peter C. T. Elsworth Email
TOKYO -- Shares of Toyota Motor Corp. plunged Wednesday following a major business daily report that Toyota may have trouble meeting global vehicle sales targets,......
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11:01 AM Mon, Oct 06, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Honda's Takeo Fukui shows off a concept version of the new Insight gasoline-electric hybrid. Honda unveiled an "affordable" hybrid family car at the Paris......
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10:32 AM Mon, Oct 06, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Oil prices briefly fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic......
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11:50 AM Thu, Oct 02, 2008 | Permalink |
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By Peter C. T. Elsworth Email
If there is any merit to the legal motion against Bill Heard Enterprises seeking penalties of more than $50 million for deceptive marketing and alleged......
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10:30 AM Thu, Oct 02, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Auto dealer Bill Heard Enterprises, the world's top selling Chevy dealer, has filed for Chapter 11 bankruptcy protection, according to court documents cited by the......
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8:49 AM Thu, Oct 02, 2008 | Permalink |
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By Peter C. T. Elsworth Email
You name it - high gas prices, an economy all but in recession, politics as abnormal at the presidential level, the meltdown on Wall Street......
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3:54 PM Wed, Oct 01, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Toyota, Ford Motor and Chrysler each said Wednesday that their sales in the United States fell more than 30 percent in September, as volatility in......
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