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November 2008 Archives
12:34 PM Fri, Nov 28, 2008 | Permalink |
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By Peter C. T. Elsworth  Email
It is hard to imagine that Congress is going to leave the Detroit 3 auto makers out in the cold by denying them some form......
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3:45 PM Wed, Nov 26, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Of the three dogs begging for a handout from the government a week ago, the most pathetic was Chrysler. General Motors is still imbued with......
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10:30 AM Wed, Nov 26, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Detroit's beleaguered automakers suffered another blow on Tuesday -- this time, to their efforts to stave off higher emissions standards for cars and trucks, according......
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10:30 AM Wed, Nov 26, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Right now could be the best time ever to buy a vehicle, if you aren't worried the maker will go out of business, shutting off......
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4:04 PM Tue, Nov 25, 2008 | Permalink |
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By Peter C. T. Elsworth Email
COLUMBUS, Ohio -- Oil prices fell nearly 7 percent Tuesday and gasoline prices fell to levels not seen since 2004 as a raft of lousy......
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9:57 AM Tue, Nov 25, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- The insurance industry named dozens of new cars and trucks, led by Ford Motor Co. and its Volvo subsidiary, to its annual list......
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3:19 PM Mon, Nov 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- General Motors, struggling to conserve cash, says it will end its endorsement deal with Tiger Woods at the end of the year,......
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3:17 PM Mon, Nov 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LONDON -- European governments are ready to rush in with cash to prop up their own sagging auto industry, if U.S. taxpayers bail out America's......
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3:15 PM Mon, Nov 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- In yet another bad sign for the auto industry, car loan delinquencies rose again in the third quarter, putting up to $22.9 billion......
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3:11 PM Mon, Nov 24, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- The auto Web site Edmunds.com said it expects a slight improvement in November vehicle sales compared with last month partly due to......
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2:53 PM Fri, Nov 21, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Now gas prices have really fallen, will there be an increase in demand for bigger vehicles? I don't think so because the average consumer is......
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2:31 PM Fri, Nov 21, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Should the Big Three U.S. automakers be given a bailout from the government or should they be allowed to go bankrupt? This debate has been......
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10:04 AM Fri, Nov 21, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions,......
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2:11 PM Thu, Nov 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- Congressional officials say Democratic leaders have decided to put off a bailout vote for the auto industry until December and will insist that......
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11:31 AM Thu, Nov 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- Rep. Henry Waxman - a liberal ally of Speaker Nancy Pelosi - will take over the chairmanship of the powerful House Energy and......
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11:00 AM Thu, Nov 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
COLUMBUS, Ohio - Oil prices have hit levels not seen in more than three years and retail gasoline prices are below $2 in nearly half......
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11:00 AM Thu, Nov 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DENVER -- GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid......
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10:57 AM Thu, Nov 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- A plan to give troubled U.S. automakers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of......
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10:47 AM Thu, Nov 20, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LONDON - Oil plunged below $50 a barrel on Thursday, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence......
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3:54 PM Wed, Nov 19, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- Top Senate Democrats suggested Wednesday that a bill to rescue Detroit's Big Three automakers was stalled and challenged the Bush administration to take......
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2:41 PM Wed, Nov 19, 2008 | Permalink |
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By Peter C. T. Elsworth Email
SIOUX FALLS, S.D. -- Oil slipped below $54 a barrel Wednesday as stock markets across the globe fell and yet another U.S. government report showed......
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2:37 PM Wed, Nov 19, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LOS ANGELES -- Nissan Motor Co. and Renault SA Chief Executive Carlos Ghosn said Wednesday that he expects the current crisis in the auto industry......
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5:02 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
PARIS -- A faltering auto giant whose brands are synonymous with the open road. Hundreds of thousands of unionized workers with powerful political backers. An......
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4:59 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Tony Cervone, a spokesman for General Motors, has a warm and friendly way to summarize his ailing company's ongoing dance with disaster, writes Andrew Ross......
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4:54 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- When the leaders of the three Detroit auto companies and the United Automobile Workers union travel to Washington to make their case for......
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4:51 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Rick Wagoner cannot afford to leave Washington this week without at least $10 billion in federal aid to keep General Motors in business,......
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4:45 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LOS ANGELES -- Against a backdrop of tumult in the automobile industry, the Los Angeles auto show kicks off this week at the downtown convention......
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4:42 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Detroit's bailout battle in Washington, shifting this week into high gear, is about more than the survival of three automakers, writes Daniel Howes of The......
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4:38 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Amid all the finger-pointing at executives, labor and Wall Street accompanying the Detroit automakers' request for a government rescue, let's not lose sight of an......
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3:55 PM Tue, Nov 18, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save their once-proud companies from collapse, warning of......
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2:48 PM Mon, Nov 17, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- With Congress returning Monday to deal with an auto industry in dire financial straits, the Bush White House stressed that it supports help,......
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2:43 PM Fri, Nov 14, 2008 | Permalink |
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By Peter C. T. Elsworth Email
It looks as though General Motors, once a bastion of American corporate and popular culture, might be allowed to fail. Despite efforts by Democrats in......
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10:43 AM Thu, Nov 13, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Seen the price of oil this morning? Down to around $55 a barrel with some analysts talking about it challenging "the $50 threshold," and even......
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9:07 AM Thu, Nov 13, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Folks, if you have any doubt that you are living through an important moment in history, consider this: General Motors is facing the very real......
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3:30 PM Wed, Nov 12, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Depressed by the big daily declines in the stock market? Wait until General Motors declares bankruptcy! Treasury Secretary Hank Paulson may be out of his......
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3:30 PM Wed, Nov 12, 2008 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- Treasury Secretary Henry Paulson called autos a "critical industry" Wednesday but said a $700 billion financial rescue program wasn't designed for them. The......
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11:34 AM Wed, Nov 12, 2008 | Permalink |
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By Peter C. T. Elsworth Email
LONDON -- The International Energy Agency on Wednesday called for massive investment in producing more oil to prevent a supply squeeze in coming years, saying......
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10:55 AM Wed, Nov 12, 2008 | Permalink |
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By Peter C. T. Elsworth Email
VIENNA, Austria -- Oil prices slipped to $59 a barrel Wednesday as investors grappled with the prospect that global growth next year will slow more......
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9:31 AM Fri, Nov 07, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- General Motors is edging closer to running out of money, as slumping sales and deteriorating economic conditions drove the automaker to a larger-than-expected......
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9:31 AM Fri, Nov 07, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT, Mich. (AP) -- General Motors says it lost $2.5 billion in the third quarter and warned that it could run out of cash in......
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9:31 AM Fri, Nov 07, 2008 | Permalink |
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By Peter C. T. Elsworth Email
As General Motors and Ford report quarterly financial results Friday, the cash-burn numbers will signal whether a Detroit automaker could soon be filing for bankruptcy-court......
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9:31 AM Fri, Nov 07, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DEARBORN, Mich. -- Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in......
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2:13 PM Thu, Nov 06, 2008 | Permalink |
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By Peter C. T. Elsworth Email
HOUSTON -- Oil prices neared $60 a barrel Thursday, the lowest point in about a year and a half, as a growing number of economic......
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10:47 AM Thu, Nov 06, 2008 | Permalink |
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By Peter C. T. Elsworth Email
West Coast Customs' Ryan Freidlinghaus shows off 30-inch wheels on a Hummer redone by his shop. LAS VEGAS -- The bling-bling is going out......
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10:25 AM Thu, Nov 06, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- House Speaker Nancy Pelosi will sit down Thursday with the leaders of Detroit's automakers and their workers as the industry seeks federal funding......
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2:52 PM Wed, Nov 05, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Remember that deal Chrysler offered back in May? Buy one of its vehicles and it would guarantee a $2.99 a gallon price lock on gasoline......
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2:52 PM Wed, Nov 05, 2008 | Permalink |
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By Peter C. T. Elsworth Email
HOUSTON -- Oil prices dipped below $66 a barrel Wednesday as investor sentiment once again seemed to shift to the growing global economic malaise and......
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2:49 PM Wed, Nov 05, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- GMAC Financial Services said Wednesday its third-quarter loss widened to $2.52 billion, as the ongoing woes of the global credit industry resulted......
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11:04 AM Tue, Nov 04, 2008 | Permalink |
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By Peter C. T. Elsworth Email
Here is an abridged version of The New York Times story on October's auto sales: DETROIT -- Sales of new cars and trucks in the......
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10:44 AM Tue, Nov 04, 2008 | Permalink |
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By Peter C. T. Elsworth Email
JAMESTOWN -- E-ZPass applications can be now picked up in the office adjacent to the Jamestown toll plaza, according to The Providence Journal. The Rhode......
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2:15 PM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK - Oil fell over 5 percent on Monday as further indicators of falling global demand linked to a potential recession offset OPEC plans......
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2:15 PM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Vehicle sales in the United States tumbled in October compared with a year ago, in a month filled with turmoil for the auto......
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2:15 PM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- General Motors says its October U.S. sales plummeted 45 percent because of weak consumer confidence and tight credit markets, according to The Associated......
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1:54 PM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Ford's U.S. auto sales plummeted 30 percent and Toyota's dropped 23 percent in October as low consumer confidence and tight credit combined to......
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12:32 PM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DEARBORN, Mich. -- Ford Motor Co. says its October sales dropped 30 percent as low consumer confidence and tight credit continued to keep buyers out......
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10:24 AM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
I ran this at the end of last week, but thought it could so with an extra run: First, this is rutting season so be......
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10:24 AM Mon, Nov 03, 2008 | Permalink |
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By Peter C. T. Elsworth Email
DEARBORN, Mich. -- Auto sales in October could hit the lowest levels since the early 1980s, says Ford Motor's head of sales analysis, and future......
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