Saab is back. Well, maybe not. GM is giving bidders until close of business TODAY to get their offers in for the Swedish make, or else. Or else, what? That’s hard to say because every GM pronouncement is followed up by something that contradicts what they said earlier. Most telling is GM’s statement earlier in [...]
European car manufacturers experienced many of the same troubles as their Asian and North American counterparts in 2009. Sales were down, including traffic to luxury brand showrooms, and customers who did buy were attracted to a number of smaller, less expensive models. Still, if you managed to bring out an all new model, the sales [...]
Yesterday, I focused on the fortunes of the US auto industry, particularly the three big automakers: GM, Ford, and Chrysler. Today, it’s all about Asia, the largest producer and consumer of automobiles in the world. A Different Big Three Three names stood out for much of 2009: Subaru, Kia, and Hyundai. None of these companies [...]
