In nearly every market at some point in 2008, vehicle manufacturers faced a similar problem: a dearth of buyers either holding tight to their cash as a hedge against possible job loss or unable to obtain loans from banks fearful of collapse....More
American consumers, hammered by a financial crisis and recession, bought far fewer vehicles in 2008, cutting the rug from under more than 1,000 dealers as well as Chrysler and GM....More
The GM-CAW pact was the first domino to fall in a game with no winners. And as sales spiraled downward, culminating in a 21.2% fourth-quarter plunge, auto makers shredded their production plans....More
Soaring diesel fuel prices amid a continued weakness in freight volume made 2008 one of the worst years ever for the U.S. trucking industry, with little relief seen in 2009....More
No stranger to adversity, auto makers and suppliers turned their sheets to the wind, hoping to steer through the storm with the least amount of damage. But the market turned in a flash....More
Fallout from the global economic crisis ripples around the world and causes Japan’s No.1 auto maker to take unprecedented steps, including slashing production at plants worldwide....More
Interest in autonomous vehicles continues to grow, but technical, legal, regulatory and cost hurdles remain. When will true driverless cars reach the U.S. market?
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