US market grief continues
US: July sales down a fifth
US light vehicle sales last month plunged almost one fifth (19.9%) to 1,131,812 units, according to the Ward's Auto data…
US: Chrysler launches new incentives
After its withdrawal from leasing, Chrysler's financial unit has launched a new range of incentives in the United States that…
US: Chrysler made first-half operating profit – CFO
Privately held Chrysler LLC has posted first-half EBITDA (operating profit) of “approximately US$1.1 billion, well ahead of plan”, according to…
US: GM posts $15.5bn second quarter loss
General Motors has reported a net loss of US$15.5bn or $27.33 per share for the second quarter, including "significant charges…
US: GMAC, also, tightens up on leasing
GMAC will no longer extend auto lease deals to consumers with the lowest credit ratings according to reports. Dow Jones…
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UK: Chrysler financing “continuing as normal”
Chrysler's UK and European units are continuing to offer a full range of finance and lease products after the parent…
US: Forecaster lowers US ’08 estimates
JD Power and Associates has forecast new light vehicle sales in the United States to drop to 14.2m units in…
US: Special charges plunge Ford $8.7bn into red in Q2
Pre-tax special charges of US$8bn, including impairments of $5.3bn for Ford North America assets, and $2.1bn for Ford Motor Credit Company's operating…