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Gloomy forecast for U.S. auto sales in 2010

T he auto industry's magic number is tumbling. The annual rate of U.S. vehicle sales is likely to fall short of some auto makers' forecasts next year, according to a new industry forecast. That casts doubt on the ability of Chrysler Group LLC and ...

From GREG KEENAN, Globe and Mail,  23 Nov 2009

Related Topics: General Motors,  Chrysler,  Fitch Ratings,  Merrill Lynch,  Sergio Marchionne

Stronach revives theme park dream

F rank Stronach has been called a visionary and compared with Cuban dictator Fidel Castro. But when he gets an idea, he doesn't give up on it easily. In case bidding to buy a car company, helping steer his auto parts giant through a massive industry ...

From GREG KEENAN, Globe and Mail,  20 Nov 2009

Related Topics: Fidel Castro,  Magna International, Inc.

GM on the road to paying back bailout loans

G eneral Motors Co. has promised to begin paying back part of the bailout money provided by the federal and Ontario governments, but taxpayers are unlikely to get all their money back unless the auto maker's market capitalization hits a level it has ...

From GREG KEENAN AND SHAWN MCCARTHY, Globe and Mail,  16 Nov 2009

Related Topics: General Motors,  Government Accountability Office,  Stephen Harper,  Chevrolet

Saving Opel could cost GM $8.5-billion

G eneral Motors Co. faces as much as $8.5-billion (U.S.) in costs to restructure and revive its troubled Adam Opel GmbH unit, and the German government warned GM it will have to bear most of that burden itself. The staring contest between GM and Germany ...

From GREG KEENAN, Globe and Mail,  10 Nov 2009

Related Topics: General Motors,  Sberbank,  Angela Merkel,  Magna International, Inc.,  Fiat

Ford confirms plant closing as GM invests

A UTO INDUSTRY REPORTER Ford Motor Co. has made it official, confirming that it will shut its St. Thomas Assembly Plant in Southwestern Ontario in the third quarter of 2011. A letter making the closing official was distributed to the 1,500 employees ...

From GREG KEENAN, Globe and Mail,  10 Nov 2009

Related Topics: Ford Motor Company,  General Motors

GM to spend $100-million on retooling Ontario plant

G eneral Motors Co. will invest nearly $100-million to increase production capacity at one of its Canadian assembly plants, a move that signals the auto maker's growing confidence in the auto recovery and robust consumer demand for the two vehicles made ...

From GREG KEENAN, Globe and Mail,  9 Nov 2009

Related Topics: General Motors,  Suzuki,  Magna International, Inc.

Chrysler revival hinges on a 'wow' factor

We've sent an email to  containing a URL you'll need to follow to verify your account. You should receive the email within the next few minutes. PLEASE NOTE: Your Globe and Mail account will expire after 2 days if not validated as described in the ...

From GREG KEENAN, Globe and Mail,  6 Nov 2009

Related Topics: Sergio Marchionne,  Honda,  Fiat,  Chevrolet Malibu,  Auto Trends

Magna in talks with GM about plant in Russia

M agna International Inc. is in discussions with General Motors Co. and auto maker OAO GAZ to build a vehicle assembly plant in Russia, Magna chairman Frank Stronach says, showing that the parts giant remains eager to tap the country's emerging economy. ...

From GREG KEENAN, Globe and Mail,  5 Nov 2009

Related Topics: General Motors,  Sberbank,  Frank Stronach,  Vladimir Putin,  Oleg Deripaska

Chrysler pledges to repay Ottawa

A flood of new models and co-operation with partner Fiat SpA will drive Chrysler Group LLC to break even in 2011 and repay its U.S. and Canadian government loans by 2014, Chrysler executives vow. “The fate of the Fiat car business and Chrysler are now ...

From GREG KEENAN, Globe and Mail,  4 Nov 2009

Related Topics: Fiat,  General Motors,  Jeep,  Sergio Marchionne,  Government Accountability Office

Chrysler to introduce new models

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From GREG KEENAN, Globe and Mail,  4 Nov 2009

Related Topics: Chrysler,  Fiat,  Sergio Marchionne,  Dodge,  General Motors

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