Pininfarina Reportedly In Talks To Be Bought By Mahindra

Pininfarina, the Italian styling house best known for designing all your favorite Italian cars plus a few Coke machines, has been on rocky financial footing for a while now. A savior might be in the offing, however, in the form of massive Indian conglomerate Mahindra. » 3/25/15 7:20pm Wednesday 7:20pm

Not Even Snow Can Stop You People From Buying Cars

This winter officially sucked, and everyone ended up getting dumped with more snow than should be physically possible. But somehow that didn't manage to stop the inevitable churning onslaught that is the American economy, as pretty much every automaker saw sales increases in February. » 3/03/15 1:39pm 3/03/15 1:39pm

Spyker Might Be Getting Evicted, But Everything's Just Fine, CEO Says

Spyker, the Dutch car company that arguably builds some of the prettiest automobiles in the world today, is not going bankrupt, according to company CEO Victor Muller. That comes on the heels of a Dutch court order to either pay the company's landlord, or get evicted from the factory. Yeesh. » 11/05/14 12:24pm 11/05/14 12:24pm

GM Somehow Posts Best Sales Since 2007

Remember that time that GM recalled every single car in the world because faulty ignition switches killed a bunch of people and past experience said that they would suffer, at least somewhat, in the sales figures? It turns out that nobody remembered that time, because GM just posted its best June sales since 2007. » 7/01/14 10:11am 7/01/14 10:11am

Fisker Is Bleeding Itself To Death

“My ethics told me I had to leave. I had to follow ethical standards. I still love the company. It was my life.” Henrik Fisker sounded angry about what had been going on, but he refused to say much beyond that by way of specifics. What is clear, though, is that past few months have been rougher for the company that… » 3/29/13 4:25pm 3/29/13 4:25pm

GM, Chrysler Sales Still Lacking In Actual Customers

Detroit's troubled twosome have revived their sales thanks to cut-rate rental cars and other fleet vehicles rather than retail customers. That didn't keep Chrysler from hinting it will raise its earnings targets soon after losing $172 million last quarter. [AutoNews] » 8/09/10 9:14am 8/09/10 9:14am

Repo Man Strikes: Late Car Payments Hit a 17-Year High

Not that we need another sign that Americans are tapped out, but delinquency rates for car loans hit a 17-year highnbsp; in the final quarter of 2007. Worse, it's estimated that about one-fourth of all car loans are quot;upside down,quot; meaning that the owner owes more than the vehicle is worth. » 5/01/08 3:35pm 5/01/08 3:35pm

Don't Sweat it, Offset it

Enterprise, National and Alamo are offering the largest carbon offset program in rental car history, which isn't saying that much. Eco-friendly persons who don't want to take the bus/train can opt to pay $1.25 on top of the cost of the rental (plus insurance, gas fees, et cetera) and the companies will match that… » 11/01/07 5:00pm 11/01/07 5:00pm

Tesla Nixes Battery Deal, to Focus on Not Building Cars

Tesla Motors' plans to sell battery packs to Norwegian company Think Global has been put on hold as the company plans to focus on shipping cars to the 600 people who paid a lot of money and still have nothing to drive (except a fleet of other cars, presuming they're very wealthy). It was hoped this deal would help… » 11/01/07 1:00pm 11/01/07 1:00pm

Porsche's "Geyser 'o Cash" Continues Unabated

At current rates of return, Porsche will own the auto industry by 2112 — just in time for President Geddy Lee's Cryogenically Frozen Head to rename Detroit "Stuttgart West." Led by strong sales of the 911 range, though bolstered by excellent showings from the new Cayman and Boxster, Porsche's after-tax profits hit… » 12/06/06 9:28am 12/06/06 9:28am

Analyst to Bam Bam: Jaguar Will Bring JCB Down

One of Britian's top automotive analysts has a message for Sir Anthony: Buying Jaguar is a fool's errand. Bamford had told members of the press earlier this week that he'd consider taking the venerable cat off Ford's hands (sans Land Rover), just as his JCB Dieselmax team was celebrating their speed-record victory at… » 8/25/06 12:06pm 8/25/06 12:06pm

Loss Leading 101: Ford's FUBAR Focus

Call us na ve. We've always joked that some car models were loss leaders for carmakers' fleets — meaning car companies take a loss on their sale to stay present in the segment, attract an entry customer who will (might) trade up or add to their finance arms' bottom line. But we never suspected something this… » 6/09/06 3:07pm 6/09/06 3:07pm

Ford May Be in for Credit-Rating Hit

Looks like FoMoCo may soon have to pay the shys a few extra points' vig to cover its "responsibilities" (if you know what we mean, and we think you do). The company and its Ford Motor Credit division have taken a pre-hit from S&P, which placed them on CreditWatch-negative, which means it could be in for another… » 5/26/06 9:33am 5/26/06 9:33am

Fiat CEO Says Company Could Take Back Ferrari Stake

Looks like Fiat may be putting some money into its prosciutto-bank, or is at least altering its corporate trajectory in an upward direction. In a speech yesterday, CEO Sergio Marchionne implied the car company could repurchase the 11.7 percent chunk of Ferrari it sold last year to Mediobanca, as part of a major debt… » 5/12/06 8:55am 5/12/06 8:55am

Kiss and Say Sayonara: GM, Toyota Tech Alliance to End

Edmunds Inside Line is reporting a technology alliance beween Toyota and GM is set to end next week, and that the two will indeed part as rivals for the position of #1 automaker. The deal, which was struck in 1999, has produced... wait for it... nothing. Toyota reportedly couldn't deal with GM's constant whining,… » 2/24/06 7:20am 2/24/06 7:20am

GM Losses top $8.6 Billion for 2005, Not the Worst Year Ever

Despite losses totaling (please sit down, Mr. Wagoner) $8.6 billion, 2005 still wasn't GM's worst year on record. In 1992, GM took a $23.5 billion hit brought on primarily by a change in accounting procedures that forced the company to include retiree health-care costs in earnings. At the time, Rick Wagoner, then the… » 1/27/06 8:28am 1/27/06 8:28am

Consumers on GM's Total Value Promise, "WTF?"

Exactly. We also were wondering what GM means by its "Total Value Promise," a bit of marketing detritus likely left flaccid by an epic journey through a labyrinthine corporate approval path. According to GM execs, it's supposed to signify a holistic approach to selling GM cars that involves irresistible new vehicles… » 12/02/05 9:17am 12/02/05 9:17am

It Could Have Been Worse: Fleet Sales Made October Less Bleak for…

According to AutoWeek, fleet sales appeared to fill in some of the empty, plague-infested spaces for domestic carmakers during October's sales meltdown. Among the Big Three, sales to commercial fleets increased that month — rising to one-third of sales for GM and Ford (40% for Chrysler) from around a quarter in the… » 11/15/05 8:38am 11/15/05 8:38am

GM Fearing Delphi Strike, Increases Production, Stockpiles Cars

Could you believe the luck? This coming model year was going to be GM's turning point: new cars, new trucks, new, uhm, ways to turn Solstice drool into money-green Jello (yikes, that analogy even grossed us out.) So what happens? In a flash of "Steve" Miller's Zorro blade, Delphi — GM's former division and largest… » 11/04/05 9:45am 11/04/05 9:45am