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Latest Automotive industry crisis of 2008–2009 Stories

2012-01-26 11:16:28

The Big Three were so driven by short-term profits that they forgot — or ignored — basic accounting practices that could have helped guard against production decisions with long-term damage, according to an award-winning study by Michigan State University and Maastricht University in the Netherlands. Essentially, the domestic automakers built far more vehicles than they needed while failing to appropriately account for the costs of excess capacity or the damage the...

2011-07-28 08:00:00

SANTA MONICA, Calif., July 28, 2011 /PRNewswire/ -- TrueCar.com, the authority on new car pricing, trends and forecasting, today released its July 2011 sales and incentives forecast. The forecast shows the following: (Logo: http://photos.prnewswire.com/prnh/20110401/LA75616LOGO) For July 2011, new light vehicle sales in the U.S. (including fleet) is expected to be 1,041,435 units, down 0.8 percent from June 2010 and down 0.9 percent from June 2011 (on an unadjusted basis) The July...

2011-07-19 08:00:00

SANTA MONICA, Calif., July 19, 2011 /PRNewswire/ -- Light vehicles sales during the first half of 2011 totaled 6.32 million cars sold, up 12.7 percent from the first half of 2010. TrueCar.com had estimated that light vehicle sales for 2011 would equal 12.8 million units. (Logo: http://photos.prnewswire.com/prnh/20110401/LA75616LOGO) TrueCar.com, the authority on new car pricing and trends also found the following trends during the first half of 2011 vs. first half of 2010: Sales Up For...

2011-05-25 11:02:00

SANTA MONICA, Calif., May 25, 2011 /PRNewswire/ -- TrueCar.com, the authority on new car pricing, trends and forecasting, today released its May 2011 sales and incentives forecast. The forecast shows the following: For May 2011, new light vehicle sales in the U.S. (including fleet) is expected to be 1,060,392 units, down 3.7 percent from May 2010 and down 8.3 percent from April 2011 (on an unadjusted basis) The May 2011 forecast translates into a Seasonally Adjusted Annualized Rate...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'