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January 2009 Archives
9:48 AM Fri, Jan 30, 2009 | Permalink |
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By Peter C. T. Elsworth  Email
Maureen Bailey, president and owner of Bailey's Chrysler Dodge dealership on Ten Road Road in North Kingstown, was named Dealer of the Year at last......
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9:48 AM Fri, Jan 30, 2009 | Permalink |
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By Peter C. T. Elsworth Email
It's not really polite or clever but gives an idea of the clichéd place Rhode Island has in the nation's popular culture. Citing a need......
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9:46 AM Fri, Jan 30, 2009 | Permalink |
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By Peter C. T. Elsworth Email
VIENNA, Austria -- Caught between dismal U.S. economic numbers and news of possible further OPEC cuts, oil prices hovered Friday near their previous close below......
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5:53 PM Wed, Jan 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- General Motors Corp.'s "jobs bank" program will end Monday, following a similar move at Chrysler LLC that helps satisfy the conditions the......
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5:40 PM Wed, Jan 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
It is all very well piling on the preposterous John Thain (the former head of Merrill Lynch who was fired for dishing out mega bonuses......
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9:53 AM Tue, Jan 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Porsche might be the only automaker excited about 2009. A week after announcing it owns more than 50 percent of Volkswagen stock -- in an......
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9:38 AM Tue, Jan 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
President Obama's initiative to reduce greenhouse gas emissions and boost fuel efficiency in new vehicles would cut costs for consumers and prod carmakers to more......
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9:55 AM Mon, Jan 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Car and Driver fessed up to "the 10 most embarrassing award winners in Automotive history, to wit its own choices for best cars including the......
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9:55 AM Mon, Jan 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- President Obama will direct federal regulators on Monday to move swiftly on an application by California and 13 other states to set strict......
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2:36 PM Fri, Jan 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Oil prices rose in another day of volatile trading Friday as investors parked money in commodities even as questions arose over how......
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2:34 PM Fri, Jan 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Harley-Davidson Inc. said Friday it will cut 1,100 jobs over two years, close some facilities and consolidate others as it grapples with......
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1:17 PM Fri, Jan 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
General Motors and Chrysler are both in danger of filing for bankruptcy in spite of the government loans, according to Standard & Poor's review of......
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10:30 AM Fri, Jan 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
I enjoy Major League writers like James Joyce (and confess to pathetically weeping every time I get to the end of Ulysses) and Marcel Proust,......
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10:22 AM Fri, Jan 23, 2009 | Permalink |
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By Peter C. T. Elsworth Email
I enjoy Major League writers like James Joyce (and confess to pathetically weeping every time I get to the end of Ulysses) and Marcel Proust,......
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4:10 PM Wed, Jan 21, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- The target date for General Motors Corp. to get its second installment of government loans passed last week, but a top company executive......
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3:49 PM Wed, Jan 21, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Toyota sold more cars and trucks worldwide than any other automaker last year, seizing the crown General Motors held for 77 years,......
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2:47 PM Tue, Jan 20, 2009 | Permalink |
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By Peter C. T. Elsworth Email
The Dunkin' Donuts Center which will host a two-day indoor auto racing event on Friday and Saturday, March 6 and 7. Races will feature Three-Quarter......
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10:30 AM Tue, Jan 20, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Oil prices fell below $34 a barrel Tuesday on the continued gloomy outlook for global energy demand and as traders sold the expiring benchmark contract......
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10:05 AM Tue, Jan 20, 2009 | Permalink |
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By Peter C. T. Elsworth Email
FRANKFURT, Germany -- Carmaker BMW AG said Tuesday it would reduce the working hours for some 26,000 German employees as part of efforts to slow......
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10:03 AM Tue, Jan 20, 2009 | Permalink |
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By Peter C. T. Elsworth Email
TOKYO -- Akio Toyoda, the grandson of Toyota's founder, was named president of the Japanese automaker Tuesday as it struggles to ride out a slump......
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9:36 AM Tue, Jan 20, 2009 | Permalink |
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By Peter C. T. Elsworth Email
ROME -- Fiat and Chrysler said Tuesday they have signed a nonbinding agreement for a strategic alliance that would give the Italian auto empire a......
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12:25 PM Mon, Jan 19, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT - For decades, the marketing phrase "Sell the sizzle, not the steak" aptly described the scene at auto shows. Reporters flocked to gawk......
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11:00 AM Mon, Jan 19, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- The Treasury Department said Friday it will provide a $1.5 billion loan to Chrysler LLC's financing arm, and the automaker announced it will......
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1:31 PM Fri, Jan 16, 2009 | Permalink |
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By Peter C. T. Elsworth Email
The story of the auto industry has been incredible over the last 12 months. Who, for example, could have possibly seen that General Motors would......
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12:36 PM Fri, Jan 16, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Hey, let's paint some lines on I-95 as it comes into Providence from the south. The construction surrounding the massive 1-195 relocation project has resulted......
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12:19 PM Fri, Jan 16, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Oil prices have fallen off a cliff in recent weeks, with the February contract trading at less than $35 a barrel on the N.Y. Mercantile......
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4:03 PM Thu, Jan 15, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- General Motors Corp. on Thursday cut its 2009 industrywide U.S. sales forecast to 10.5 million vehicles, citing continued uncertainty about when the......
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10:50 AM Thu, Jan 15, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009,......
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10:50 AM Thu, Jan 15, 2009 | Permalink |
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By Peter C. T. Elsworth Email
The big news coming out of a sober and low key 2009 North American International Auto Show in Detroit, which opened yesterday and runs through......
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10:41 AM Thu, Jan 15, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- You could call them spoiled. Indulged. Pampered. Cosseted. Generation Y, that group of young 'uns who are just starting to earn enough money......
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3:35 PM Mon, Jan 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DEARBORN, Mich. -- Inside the Ford Motor Company, it was called Project M -- to build a prototype of a totally electric, battery-powered car in......
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3:11 PM Mon, Jan 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Check out USA Today's take on the latest cars at the Detroit Auto Show which runs this week.......
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3:06 PM Mon, Jan 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
SIOUX FALLS, S.D. -- Falling crude demand in the world's largest consuming nation drove oil prices Monday to a new low for the year as......
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3:00 PM Mon, Jan 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT-- General Motors Corp.'s chief operating officer wouldn't say Monday whether GM will need all $18 billion in government loans it sought from Congress, but......
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3:00 PM Mon, Jan 12, 2009 | Permalink |
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By Peter C. T. Elsworth Email
After dropping steadily since Labor Day, gas prices have now increased for the second straight week, according to AAA Southern New England, according to The......
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4:10 PM Fri, Jan 09, 2009 | Permalink |
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By Peter C. T. Elsworth Email
President Franklin Roosevelt, elected in the midst of a massive economic downturn, famously announced in his inaugural address in 1933 that the "the only thing......
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2:58 PM Fri, Jan 09, 2009 | Permalink |
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By Peter C. T. Elsworth Email
With all the humiliation that the Detroit 3 had to go through last year to borrow a few billion dollars from the federal government -......
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10:19 AM Fri, Jan 09, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Provisions of General Motors' and Chrysler's $17.4 billion in federal loans automatically places them in default if union workers go on strike, according......
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10:08 AM Thu, Jan 08, 2009 | Permalink |
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By Peter C. T. Elsworth Email
WASHINGTON -- The Bush administration said Wednesday it won't finish implementing new vehicle fuel-economy rules, leaving the issue to the incoming Obama administration, according to......
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9:57 AM Thu, Jan 08, 2009 | Permalink |
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By Peter C. T. Elsworth Email
A feud is simmering between Ford and Toyota about Ford's claim that its Fusion gasoline-electric hybrid out this spring will be the most fuel-efficient "midsize......
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9:57 AM Thu, Jan 08, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- General Motors Corp. Chief Executive Rick Wagoner said Thursday the Detroit automaker can survive long-term without cutting benefits to retired workers, according......
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6:00 AM Thu, Jan 08, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Nearly half of Americans (48 percent) are putting off the purchase of a new vehicle, according to Consumer Reports' 2009 Auto Brand Perception Survey. The......
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5:22 PM Wed, Jan 07, 2009 | Permalink |
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By Peter C. T. Elsworth Email
In a report card on American cars, Consumer Reports argues GM, Ford, and Chrysler are struggling "for many reasons, including the credit crunch, poor management,......
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10:02 AM Tue, Jan 06, 2009 | Permalink |
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By Peter C. T. Elsworth Email
There are signals that Rhode Island gasoline prices have hit bottom, at least for now, according to The Providence Journal. Yesterday marked the first significant......
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10:00 AM Tue, Jan 06, 2009 | Permalink |
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By Peter C. T. Elsworth Email
LONDON -- Oil prices neared $50 a barrel Tuesday amid signs OPEC is implementing its announced production cuts and as Israel's ground offensive in Gaza......
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9:57 AM Tue, Jan 06, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack......
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3:32 PM Mon, Jan 05, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Toyota and Honda's U.S. sales fell more than their U.S. competitors' in December, with Toyota's 37 percent decline and Honda's 35 percent drop......
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1:54 PM Mon, Jan 05, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Ford Motor Co.'s U.S. sales plummeted 32 percent in December and Toyota Motor Corp.'s fell 37 percent as car and truck buyers continued......
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9:56 AM Mon, Jan 05, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Wall Street gave back some of the previous session's big gains Monday as investors awaited a reading on construction spending and examined......
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9:36 AM Mon, Jan 05, 2009 | Permalink |
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By Peter C. T. Elsworth Email
TOKYO -- Japan auto executives gathered for an annual New Year's party Monday expressed hopes for a U.S. turnaround and a strengthening dollar to fix......
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3:50 PM Fri, Jan 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
LONDON -- Relatives of Dr. Harold Carr found an extremely rare 1937 Bugatti Type 57S Atalante - a Holy Grail for car collectors -......
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3:46 PM Fri, Jan 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news......
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12:58 PM Fri, Jan 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
GM and Chrysler nearly run out of cash before seeking help. The chairmen of the Detroit 3 fly corporate jets to Washington to ask for......
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12:58 PM Fri, Jan 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
The meltdown of the U.S. auto industry General Motors and Chrysler ended up "on their knees before Congress begging for money to keep operating." The......
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12:58 PM Fri, Jan 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop......
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12:35 PM Fri, Jan 02, 2009 | Permalink |
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By Peter C. T. Elsworth Email
For decades our lawmakers have resisted calls to raise gas taxes in line with much of the rest of the developed world. Making gas more......
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