It’s the eve of the Geneva motor show and Ford has unveiled this, the Iosis-MAX concept, at a press conference in the centre of town. The car is the latest incarnation of Ford’s Kinetic design language and points the way for a new generation of global compact family cars due in 2010, likely starting with […]
Another wave of catastrophic car-company news this morning, as Honda closes its Swindon plant for a staggering four months. Look around the industry and you see that even the golden boys are in the cack.
By half-way through day one at the Detroit Show I was in a cheery mood. In the past it’s been about enormo-SUVs, vehicles I can’t relate to. But this year it was about cars and I felt at home. Then I spent a couple of days staring at them, and my mood began to curdle. […]
So after all the brinkmanship, the President stumped up the cash. But the bailout of GM and Chrysler comes with strict conditions. GM and Chrysler – and their workforces – will have to take deep cuts during the next three months, or the US Government will want its money back and GM will have to go […]
OK, more next week when we have an answer, but a quick update for now. George W Bush doesn’t want depart the White House just as GM collapses. So he’s now looking again (as I said he might in the previous blog) at diverting money to Detroit from the TARP bank bailout programme.
So it’s descending to chaos. Senate has rejected the life-support plan for Detroit. Earlier this week the House of Representatives and the White House stitched together a plan. But when that bill was put to the Senate, a hard-core of Republicans kicked it out. Ford might be able to save its own skin, but GM […]
It finally looks like the Detroit Three – Ford, GM and Chrysler – will get their rescue loans from the US Government. But they had to sweat for the money.
Ford has announced it will ‘re-evaluate strategic options for Volvo Car Corporation, including the possible sale.’ GM is almost certainly doing the same with Saab. If you want to buy a money-losing Swedish car company, you’ve now got not one but two chances. Emailed your bid yet?
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