While some experts see a silver lining in increased fourth-quarter automotive sales, Audi CEO Rupert Stadler sees dark clouds. According to Reuters, Stadler predicts a tough year for the automotive industry in 2012. However, he does not believe that this is cause for pessimism. ‘An appetite for mobility’ Consumers in developing economies have displayed “an Read on! →
Tag Archives: auto industry
Former Speaker of the House and current Republican presidential candidate Newt Gingrich may be liberal enough to garner the support of a few unions in his campaign, but he’s no fan of one of the nation’s largest unions, notes Automotive News. At a campaign stop in Des Moines, Iowa, Gingrich blasted the United Auto Workers Read on! →
Despite some of the positive sales signs that have flashed across the radar screen of the United States auto industry and auto loans landscape lately, economists wonder what could happen to the still-teetering auto industry if the current recession proves to be a “double-dip” or “w-shaped recovery” model. Will there be another government bailout if Read on! →
Auto Sales Slump in September
Posted by Mark
Cash for Clunkers is no more, and many auto industry analysts are saying that’s the reason vehicle sales suffered last month. About 5 million fewer cars sold in September than in August, down to 9 million from 14 million. “I’ve never seen a rollercoaster ride like this,” said Ken Czubay, vice president of U.S. sales Read on! →
Republican presidential candidate Mitt Romney is no fan of the Obama administration’s handling of the auto bailouts, reports Automotive News. His recent 30-second TV commercial, “Dream,” speaks harshly of the auto bailouts and President Obama’s decision to force General Motors and Chrysler dealerships to shutter their doors in 2009. Auto dealerships in Ohio object According Read on! →
Mexico’s auto industry registered record production and export numbers for both cars and light trucks during the first five months of 2012, reports the nation’s Automobile Industry Association (AMIA). Auto exports from India to non-European countries have also increased significantly, with over 12,000 more vehicles exported in May than April. Mexico’s record output From January Read on! →
With fear of a double-dip recession on the minds of auto industry executives, drastic measures have been undertaken that have sent shock waves through the once steady world of auto advertising. Where size and experience once guaranteed an advertising agency’s future business with automakers, now the same automakers are looking to shake things up as Read on! →
In the automotive industry, tastes change, and as a result, brand value fluctuates. As new models come and go and partnerships are forged and broken, the perceived value of an automotive brand changes as the public and investment community’s perception changes. For now, BMW has beaten out Toyota on the Brandz Top 100 list as Read on! →
Many of the major casualties of the U.S. auto industry collapse post 2008 were engineering jobs, notes Automotive News. Economic uncertainty led many talented engineers to jump ship for other industries. It’s been a slow climb back for automakers, who are pulling out the stops to bring top engineering talent back into the fold. Recruitment Read on! →