Posted by Dale Buss on January 17, 2013 09:02 AM
Airbus sees orders fall as Boeing's 787 Dreamliner is grounded in U.S., Japan, Europe and India.
GM woos Facebook to return to paid ads, remains cautious on 2013, defends Opel restructuring and eyes cheaper Chevy Volt.
Blockbuster faces U.K. closure after no buyers emerge.
American Airlines swings to profit and sees “good trajectory” for this year.
Apple rattles Wall Street with sharp stock-price drop.
AT&T looks to Europe for mergers.
Audi aims for 200,000 U.S. sales “sooner” rather than “later.”Continue reading...
detroit auto show
Posted by Dale Buss on January 16, 2013 12:20 PM
It's too early to determine whether the new Cadillac ELR truly will be a game-changer in the sluggish U.S. market for plug-in hybrids. But in unveiling the new vehicle to the world's automotive press at the North American International Auto Show in Detroit this week, at least General Motors is bidding to change the dynamics of the segment in a significant way. Already, it's been deemed best production car of the show, as Cadillac proudly tweeted.
ELR isn't expected to go on sale until early 2014 ("winter" is what GM is promising) and at a price tag (before U.S.-government tax credits for a "green" car purchase) of more than $50,000. GM is relying on the same basic powertrain in Volt, a combination of powerful batteries that can take the car 25 or 30 miles on a charge and a small gasoline engine that takes over once the batteries are out of juice and provides an effective range for the vehicle of about 300 miles.Continue reading...
detroit auto show
Posted by Dale Buss on January 14, 2013 04:01 PM
The annual North American car and truck of the year awards presented this morning at the Detroit auto show marked yet another step in the resurgence of the traditional American "Big Three" automakers.
The Cadillac ATS was named North American Car of the Year by a 49-member panel of U.S.-based journalists at the North American International Auto Show, beating out the other finalists, the Ford Fusion and Honda Accord (the latter of which also is built in the United States).
The Ram 1500 was named North American Truck/Utility of the Year, besting the new Ford C-Max and the Mazda CX-5, the other finalists. The organization of automotive journalists renamed this award for 2013 because of the dominance of sport-utility-vehicles in the segment, joining pickup trucks.
In some of the brand developments on the first day of the press preview included Chevrolet unveiling the 2014 Corvette Stinger, above, plus:Continue reading...
detroit auto show
Posted by Dale Buss on January 14, 2013 09:55 AM
The Motor City is the hub of the global auto industry once more, and the North American International Auto Show that opens with a press preview on Monday in Detroit's Cobo Center will underscore that welcome returning reality. It's also expected that the U.S. market as a whole will pick up share versus other global markets in 2013.
Over the last decade, Detroit's traditional "Big Three" automakers have been transformed. Their shares of the market collapsed; then the Great Recession whacked the U.S. car market; then the federal government bailed out two of them.
But now, arguably, General Motors, Ford and Chrysler are in their best shape collectively in a very long time.
Each is selling trucks at a healthy clip again, their most profitable segment. GM will finally shed the rest of the albatross of U.S.-government ownership soon and, with a slew of new-product launches ready for 2013, should enjoy a share uptick this year. Ford will be trying to build on its gains of the last few years with solid new models including a restyled Ford Fusion sedan, the hybrid-only C-Max and the new Escape. And Chrysler, now owned by Fiat, will attempt to keep building on its remarkable turnaround story.Continue reading...
Posted by Dale Buss on January 14, 2013 08:59 AM
Cadillac sees its ATS named North American Car of the Year at the North American International Auto Show, while Ram celebrates naming of 1500 as truck/utility vehicle of the year.
Hostess strikes a deal to sell Wonder Bread and other brands plus production facilities to Flower Foods.
HP CEO Meg Whitman receives $15.4 million.
American Express travel cuts point to end of an era.
Apple cuts orders for iPhone parts.
Billabong receives another takeover bid.
Deutsche Bank reportedly considers 20-percent bonus cuts in Europe.
GM's Chevrolet division relaunches Corvette brand.Continue reading...
Posted by Dale Buss on December 21, 2012 02:20 PM
The paint isn't even dry yet on the 2012 sales year and already automakers are gearing up for a 2013 that they hope will be even more prosperous. U.S. auto sales defied the economic headwinds this year, and prognostications so far are that they'll lead the way again next year in bringing whatever further measure of recovery comes to America.
That's why the buzz around the 2013 North American International Auto Show (NAIAS), more commonly known as the Detroit Auto Show, already is stronger than it has been in a few years — at least since before the Great Recession and the GM and Chrysler bailouts.
More than 50 products are slated to be unveiled at NAIAS, which kicks off with a media preview on January 14-15, with most of them being global "reveals." The Chinese will be back after bowing out for a few years. A number of luxury marques are returning to the show after absences caused by a number of factors; they include Jaguar, Land Rover, Ferrari and Maserati.
Here's a look at what a few brands already have signaled to expect at the show, including the new Toyota Furia, at top:Continue reading...
Posted by Dale Buss on December 3, 2012 02:22 PM
As vehicles cluster closer together at ever-higher levels in objective measures of quality, such as manufacturing defects and "fit-and-finish," more subjective indicators are helping to differentiate brand perceptions about "quality." Customer treatment in dealer showrooms and dealings with brands' retail reprentatives increasingly are one of those.
Obviously, Lexus and Mini have a firm grip on this increasingly important dynamic. Lexus finished first for the second straight year among luxury brands in the US according the latest annual rating by J.D. Power & Associates of customer satisfaction with the auto-buying experience, and MINI finished first among mainstream brands for the third time in a row.
Power based its findings on 32,000 owner surveys in May, measuring satisfaction with the selling process at dealerships where they made their purchase and at any store where they shopped but didn't buy, according to Automotive News. Overall for the industry, greater consumer satisfaction with salespeople helped raise the general score.Continue reading...
Posted by Dale Buss on November 13, 2012 09:01 AM
Microsoft announces the departure of Windows chief (and Ballmer's heir apparent) in wake of Windows 8 launch.
LG breaks through with new smartphone.
Hostess Brands starts closing plants as workers strike.
Acura brings Dr. Phil and Suze Orman into its Christmas promo campaign.
Apple finally gives in on employee perks.
Bojangles recruits American Idol winner Scotty McCreery for campaign.
Cadillac shows design chops in China.
Callaway Golf drives buzz on Twitter for new high-tech driver.Continue reading...