Industry Summits
Leasing pullback threatens Detroit market share
DETROIT (Reuters) - Detroit automakers have pulled back from leasing to protect already-strained balance sheets. Full Article
U.S. automakers betting on higher oil
DETROIT (Reuters) - Oil prices may have fallen back to about $100 a barrel, but few in the auto industry are ready to pop the champagne corks just yet. Full Article
Affordable electric cars seen many years away
DETROIT (Reuters) - General Motors Corp's plug-in Chevy Volt and other electric vehicles have generated widespread consumer fervor for cleaner, less fuel-dependent cars, but the high battery cost means it will be years before those cars are affordable to most Americans. Full Article | Video
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U.S. auto loans seen as desperate need, window tight
DETROIT (Reuters) - The U.S. auto industry has a dire need for taxpayer-backed loans because the deepening credit crisis has shut the cash-starved industry out of the capital markets. Full Article
Uncertainty to hit U.S. auto sales: Honda
DETROIT (Reuters) - The crisis rippling through the U.S. financial sector could drive U.S. auto sales to the low end of forecast ranges this year and leaves open the possibility of further industrywide declines in 2009, a senior Honda Motor Co executive said on Wednesday. Full Article
Detroit's challenge: Making small cars profitable
DETROIT (Reuters) - Small may be beautiful, but U.S. automakers are more worried about making it profitable. Full Article
UAW, automakers make peace during crisis
DETROIT (Reuters) - Here in the Motor City, both automakers and their unions are singing the blues, and they are largely carrying the same tune. Full Article | Video
LG Chem battery meeting GM Volt targets
DETROIT (Reuters) - An LG Chem unit is confident its next-generation lithium-ion batteries will meet the requirements for General Motors Corp's all-electric Chevrolet Volt car, a senior executive said on Tuesday. Full Article
CAW's Hargrove says loan guarantees "critical"
DETROIT (Reuters) - U.S. automakers face failure if they do not get $25 billion in low-cost federal loans for the auto industry, former Canadian Auto Workers union president Buzz Hargrove said on Wednesday. Full Article
U.S. auto sales downturn near bottom: Dura CEO
DETROIT (Reuters) - The U.S. auto sales downturn may be near a bottom, but the uncertainty of the market given credit conditions and fuel prices make it hard to predict what sales will be like in 2009, the top executive for auto parts maker Dura Automotive Systems Inc said on Wednesday. Full Article | Video
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