When GM CEO Daniel Akerson recently compared one of his company’s cars to a can of Diet Coke, investors and, no doubt, employees cringed. After all, the belief that cars were no more than expensive consumer products is what cau…
When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010’s record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiation…
Toyota Motor (TM) reportedly won’t resume vehicle production at any of its plants in Japan on Tuesday, as the automaker had planned. The continued stoppage leaves in question just how soon the world’s largest automaker will be able to resume operations…
As soon as oil prices rise, it takes little time before drivers begin to feel the pain at the pump. But it takes far longer for price decreases to reach consumers. Here’s why.
Continue reading Why Gas Prices Ri…
UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW…