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  • Cost of oil leading to some leaner companies
  • The auto industry has been hammered as gasoline prices climbed roughly $1.30 a gallon since the beginning of 2007. Higher prices for gas and food crimped consumer spending and slammed department stores and restaurants.
  • Ford sales drop more than 26 percent in August
  • DETROIT - Ford Motor Co. said Wednesday its U.S. sales fell 26.5 percent in August, as the struggling automaker’s results — even worse than July’s dismal figures — showed that the U.S. auto sales slump may not have bottomed out. Ford sold 155 ...
  • Oil prices dip after U.S. inventory report
  • At the pump, a gallon of regular slid less than a penny overnight to a new national average of $3.678, according to auto club AAA, the Oil Price Information Service and Wright Express.
  • AutoNation shifts sales approach
  • Top executives at AutoNation said they had been warning the auto industry that spiking gas prices would soon significantly affect consumers’ car buying and leasing habits. But, the dealership giant could only do so much to create change: The Big ...
  • GM sees Hummer brand sale by early 2009
  • At the launch of a new model in the Indian capital he added he expected the U.S. auto industry to face challenges for some time and sees vehicle sales there falling to 14 million vehicles in 2008 from 16 million last year.
 
    
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