Editorial Results (free)
1. Senators Ask Government for Nationwide Air Bag Recall
- Friday, October 24, 2014
DETROIT (AP) — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity.
2. VW Edges GM to Hold 2nd Place in Global Sales Race
- Thursday, October 16, 2014
DETROIT (AP) – Volkswagen barely edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay in first place.
3. Some Fear Auto Industry Returning to Bad Habits
- Wednesday, September 03, 2014
DETROIT (AP) – Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past.
As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
4. Google to Build Prototype of Truly Driverless Car
- Thursday, May 29, 2014
LOS ANGELES (AP) – Google plans to build and launch onto city streets a small fleet of subcompact cars that could operate without a person at the wheel.
Actually, the cars wouldn't even have a wheel. Or gas and brake pedals. The company says the vehicles will use sensors and computing power, with no human needed.
5. Tracy Named IMC Chief Information Officer
- Wednesday, May 21, 2014
Joel Tracy has been named the first chief information officer at IMC Cos., a national logistics company focused on international shipments. In his new role, Tracy will be responsible for delivering a broad range of IT initiatives in support of IMC’s logistics business.
6. Obama Admin Drives Ahead With New Cleaner Gas Rule
- Tuesday, March 04, 2014
WASHINGTON (AP) – The Obama administration is driving ahead with a dramatic reduction in sulfur in gasoline and tailpipe emissions, declaring that cleaner air will save thousands of lives per year at little cost to consumers.
7. Automotive Supplier Adds 180 Jobs in Northeast Mississippi
- Monday, November 11, 2013
MANTACHIE, Miss. (AP) – Automotive supplier Toyota Boshoku is adding 180 jobs at its manufacturing plant in northeast Mississippi.
The company said Friday that it's investing $21 million at the plant it opened in 2011 in Mantachie, where it makes seat components and door panels for the Toyota Corolla.
8. Automakers Post Big October Gains
- Saturday, November 09, 2013
Chrysler, Ford, General Motors, Nissan and Toyota all posted October sales increases as the U.S. auto industry rebounded from a lackluster September.The gains signal that automakers made it through the 16-day partial government shutdown relatively unscathed. All automakers reported October sales on Friday.
9. Automakers Post Big October Gains
- Monday, November 04, 2013
Chrysler, Ford, General Motors, Nissan and Toyota all posted October sales increases as the U.S. auto industry rebounded from a lackluster September.
The gains signal that automakers made it through the 16-day partial government shutdown relatively unscathed. All automakers reported October sales on Friday.
10. US Businesses Worry About a Prolonged Shutdown
- Thursday, October 03, 2013
NEW YORK (AP) – As the government's partial shutdown enters a second day, most companies across the country are doing business as usual. Yet concern is rising that a prolonged shutdown would cause some work at private companies to dry up and consumers to lose faith in the U.S. economy.
11. US Auto Sales See Big Gains in May
- Tuesday, June 04, 2013
DETROIT (AP) – Price cuts at Nissan and strong demand for pickup trucks helped U.S. auto sales rebound in May after a slight dip in April.
General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.
12. Tennessee Part of $29 Million Agreement With Toyota
- Friday, February 15, 2013
NASHVILLE (AP) – Tennessee has joined 29 other states in a $29 million agreement with Toyota Motor Corp. over allegations the company concealed safety issues related to unintended acceleration.
13. General Motors' Stock Rise Surprises Industry
- Monday, October 01, 2012
DETROIT (AP) – Surprise! The top-performing stock among automakers in the U.S. this quarter is General Motors.
The company, which endured management upheaval during the quarter and announced that it would lose substantial cash in Europe, saw its shares rise almost 18 percent from July through late September. The gain was the best since the first quarter of this year, when the stock climbed about 23 percent. GM posted strong profits in that period.
14. Carmakers Report Strong June Sales, Easing Worries
- Wednesday, July 04, 2012
DETROIT (AP) – From mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned off by slower hiring and other scary headlines.
15. Lean Supply Chain Process Taking Root
- Friday, April 06, 2012
When Toyota Motor Corp. began making its cars and moving the parts for them as well as the cars to market in a different way than its rivals in the auto industry, it changed the concept of a supply chain.
16. Auto Sales Surge in March, Led by Small Cars
- Wednesday, April 04, 2012
DETROIT (AP) – Appealing small cars, low interest rates, truck deals and unseasonably warm weather helped the auto industry achieve its best monthly performance in almost four years in March.
17. Big Sales for Small Cars in February
- Friday, March 02, 2012
DETROIT (AP) – Small cars sold big in February.
With gasoline prices spiking 30 cents last month, demand soared for compact cars like the Focus and Civic. That lifted U.S. sales for Ford, Honda and other major automakers that reported February sales on Thursday.
18. US Auto Sales Rise in January, Led by Chrysler, VW
- Thursday, February 02, 2012
DETROIT (AP) – U.S. auto sales are off to a strong start this year, continuing their brisk pace from late 2011.
Chrysler had its best January in four years while Toyota got a boost from its new Camry. Volkswagen, which wants to aggressively expand in the U.S., reported much higher sales. One sour note was GM, where sales fell compared to a strong January a year earlier.
19. Toyota Celebrates Production Start at New US Plant
- Friday, November 18, 2011
BLUE SPRINGS, Miss. (AP) – Toyota celebrated the start of Corolla production at its newest U.S. auto plant Thursday after a lengthy delay that the car maker blamed on a weak economy.
The ceremony formally marked the start of production last month, almost five years after Toyota Motor Corp. announced in February 2007 that it would build a sprawling facility in Blue Springs, a tiny town in the sparsely populated hills of north Mississippi.
20. US Auto Sales Up in September on Big Trucks
- Tuesday, October 04, 2011
DETROIT (AP) – Pickups and SUVs boosted U.S. autos sales in September as dealers offered promotions, gas prices fell and contractors replaced aging fleets of work trucks.
Truck sales at General Motors, Chrysler and Ford grew in the double digits, outpacing cars. The September increases built on a healthy performance in August, when new models, cheaper financing and pent-up demand lifted the industry after several disappointing months.
21. From Yellow to Green
- Thursday, September 29, 2011
Yellow is the color traditionally associated with taxicabs, but in Memphis another cab color – albeit a metaphorical one – is gaining ground.
Local cab companies Yellow Cab and Checker Cab – both of which are sister companies – in addition to Metro/Advantage Cab Co. have all officially gone green, with new environmentally friendly rides having been added to each company’s fleet.
22. UAW, Automakers Continue Talks as Deadline Nears
- Thursday, September 15, 2011
DETROIT (AP) – United Auto Workers negotiators say they made progress with General Motors Co. during contract talks Tuesday night, but both sides are quickly approaching a deadline to reach new deals with GM and Chrysler Group LLC.
23. Car Dealers Fear Economy Could Scare Off Buyers
- Friday, August 19, 2011
STERLING HEIGHTS, Mich. (AP) – Jeff Swanson was in the market for a new car just a few weeks ago. Then the stock market went crazy.
So Swanson, 25, decided to keep his 10-year-old Pontiac Grand Prix for at least another year. Gyrations in stocks and talk of a weakening economy rattled Swanson's confidence about taking on another payment, even though his new job running a home for mentally disabled people seems to be secure.
24. US Auto Industry Uneasy After Weak July Sales
- Wednesday, August 03, 2011
DETROIT (AP) – Auto sales were expected to rise only slightly in July, adding to concerns in the industry that Americans are pulling back on car buying.
Analysts predicted a small increase in U.S. sales of new cars and trucks. A lack of discounts and lingering shortages of Japanese cars kept many buyers away. Americans also worried about the economy.
25. July Another Weak Month for US Auto Sales
- Tuesday, August 02, 2011
DETROIT (AP) – Car shoppers worried about the U.S. economy last month and that kept sales in a funk.
U.S. sales of new cars and light trucks are expected to rise only slightly in July. The weak economy and high sticker prices kept Americans from buying more. Automakers are scheduled to report last month's sales on Tuesday.
26. Factory Orders Increase
- Wednesday, July 06, 2011
WASHINGTON (AP) – Businesses requested more airplanes, autos and oil drilling equipment in May. The jump in factory orders after a sluggish spring suggests supply disruptions stemming from the Japan crisis are fading.
27. GM, Ford June Sales Rise, Honda Falls
- Monday, July 04, 2011
DETROIT (AP) – Gas prices have hit a sweet spot for U.S.-based automakers. They've fallen enough to spur pickup truck sales, yet remain so high that newer small cars are selling as well.
28. Electric Future
- Friday, July 01, 2011
This week’s announcement that Memphis-based FedEx Express will double its fleet of all-electric vehicles to 43 is more than a new way of moving some of the wheels of the world’s largest express transportation company.
29. US Auto Sales Cooled in May Due to Shortages
- Thursday, June 02, 2011
DETROIT (AP) – U.S. auto sales cooled off in May as dealers started running short on some popular, fuel-efficient models and buyers were turned off by sharply lower incentives.
Deals aren't likely to come back until the end of this summer. Some experts are advising people to delay their purchases if they can.
30. Fewer People Sought Unemployment Aid Last Week
- Friday, April 22, 2011
WASHINGTON (AP) – Fewer people applied for unemployment benefits last week, resuming a downward trend that signals stronger job growth ahead.
Applications for unemployment benefits fell to a seasonally adjusted 403,000 in the week ending April 16, the Labor Department said Thursday. The decline partially reversed a jump in applications from the previous week, which economists said was largely the result of a seasonal quirk.
31. GM to Raise Car Prices Due to Oil, Metal Costs
- Tuesday, April 19, 2011
DETROIT (AP) – General Motors Co. said Monday it will raise car and truck prices by an average of $123 per vehicle to make up for its increased oil and metal costs.
32. Service Sector Expanded in March at Slower Pace
- Wednesday, April 06, 2011
WASHINGTON (AP) – The U.S. service sector expanded in March for the 16th straight month, although growth slowed from the previous month's pace, which was the fastest in more than five years.
33. Auto Sales Up on Jobs Outlook, Fuel-Efficient Cars
- Monday, April 04, 2011
DETROIT (AP) – U.S. sales of new cars and trucks rose in March, helped by a brighter jobs outlook and rising sales of fuel-efficient vehicles.
New vehicle sales rose 11 percent at General Motors, 16 percent at Ford, 23 percent at Honda and 27 percent at Nissan, all aided by sales of smaller, more efficient cars and crossovers, which look like truck-based SUVs but are more fuel efficient and nimble because they are built on car underpinnings.
34. GM Leads Auto Sales Jump With 49 Percent Increase
- Wednesday, March 02, 2011
DETROIT (AP) – General Motors Co. led automakers with a 49 percent U.S. sales jump last month, aided by sweeter financing and lease deals and strong demand for newer models.
35. High Gear
- Friday, February 18, 2011
The 2011 Memphis International Auto Show rolls into town Friday through Sunday, giving car enthusiasts a chance to check out more than 250 of the latest cars, trucks, SUVs and hybrids, along with many other special attractions at the automotive extravaganza.
36. US Auto Sales Rise in 2010, But Remain Below Highs
- Wednesday, January 05, 2011
DETROIT (AP) — U.S. auto sales sputtered back to life in 2010 and car companies expect them to keep climbing this year as the economy recovers and buyers grow more confident.
With sales of around 11.5 million new cars and trucks, 2010 was still the second-worst year in almost three decades, after 2009. And car companies are starting to wonder if they will ever reach the heights they saw in the early 2000s, when credit was cheap, incentives were rampant and sales topped 17 million.
37. Toyota Event Comes to Memphis
- Thursday, December 02, 2010
A four-day event, featuring test drives of some of the Toyota Motor Sales’s best-selling vehicles, is coming to Memphis this weekend.
The Toyota National Ride and Drive Tour – featuring the Corolla, Yaris, RAV4 and Tacoma – will be held at Malco Theatre, Wolfchase Galleria, 2760 N. Germantown Parkway Thursday through Sunday.
38. Vehicle Fuel Efficiency Up in 2009 Model Year
- Thursday, November 18, 2010
WASHINGTON (AP) – The Environmental Protection Agency says new cars and trucks sold to U.S. consumers averaged 22.4 miles per gallon in the 2009 model year, an increase over the previous year.
39. Automakers Report Stronger October US Sales
- Thursday, November 04, 2010
DETROIT (AP) – U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
General Motors Co., which is preparing for an initial stock offering expected later this month, saw sales rise 3.5 percent in October. Last month is shaping up to one of the industry's best since August of 2009, when big government discounts spurred Americans to buy more cars and trucks.
40. Gov't Looking at 62 mpg Goal for 2025 Autos
- Monday, October 04, 2010
WASHINGTON (AP) – The new cars and trucks sold in 2025 may be required to average 62 miles per gallon as a group, far surpassing the fuel efficiency of current high-mileage stars like the Toyota Prius and Honda Civic hybrids.
41. Toyota Starts Hiring for New MS Plant
- Tuesday, August 24, 2010
Toyota Motor Manufacturing Mississippi Inc. and Miss. Gov. Haley Barbour announced Monday the company is resuming hiring for its new plant northwest of Tupelo.
42. US Auto Sales Rise, Helped by Credit, Promotions
- Wednesday, August 04, 2010
DETROIT (AP) – Automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns linger about the economy and hiring.
After a sluggish June, sales rose slightly for General Motors Co. and Chrysler. Foreign-based companies such as Toyota and Honda posted bigger gains. Ford, meanwhile, had flat sales.
43. Nissan Recalls 51,100 Hatchbacks Over Fuel Spills
- Tuesday, July 27, 2010
WASHINGTON (AP) — Nissan is recalling 51,100 of its Cube hatchbacks in the United States and Canada because of possible problems with fuel spilling during rear end collisions.
In documents filed with the National Highway Traffic Safety Administration, Nissan Motor Co. said Monday tests conducted by NHTSA safety regulators found more fuel spilled than federal standards allow. The spillage occurred during rear end crash tests at 50 miles per hour where the vehicle also spun onto its side.
44. Ole Miss to Teach Auto Plant Skills
- Wednesday, July 21, 2010
The University of Mississippi this fall will begin teaching the business and engineering skills for running an automobile plant at its new Center for Manufacturing Excellence.
The center was established to prepare students for careers at Toyota Motor Manufacturing Mississippi, where the company begin producing Corollas next year.
45. US Auto Sales Seen Slowing With Recovery in Doubt
- Wednesday, June 30, 2010
DETROIT (AP) – When it comes to car shopping, Americans are tapping the brakes.
Forecasters expect U.S. sales of cars and light trucks to slow for June after months of improvement. It's another sign that people are beginning to doubt the economic recovery with unemployment still high.
46. Toyota's Mississippi Auto Plant Plan Draws UAW Ire
- Monday, June 21, 2010
Toyota's announcement that it will resume construction of a car factory in Mississippi was a much-needed piece of good news for both the state struggling with persistent unemployment and the automaker trying to recover some goodwill after a recall crisis bruised its reputation.
47. Toyota Restarts Mississippi Plant
- Friday, June 18, 2010
TOKYO (AP) – Toyota will resume construction of a dormant plant in Northeast Mississippi, hiring 2,000 workers with the goal of building compact Corolla sedans by the fall of 2011, the Japanese automaker said Thursday.
48. Toyota Restarts Mississippi Auto Plant
- Thursday, June 17, 2010
TOKYO (AP) – Toyota will resume construction of a dormant plant in Northeast Mississippi, hiring 2,000 workers with the goal of building compact Corolla sedans by the fall of 2011, the Japanese automaker said Thursday.
49. House Committee Approves Auto Safety Bill
- Thursday, May 27, 2010
WASHINGTON (AP) — Amid partisan sparring, a House panel has advanced a sweeping U.S. auto safety bill that critics contend is too tough on the industry.
The legislation, approved 31-21 by the House Energy and Commerce Committee in the wake of the large Toyota Motor Corp. recalls, now goes to the full House, where lawmakers hope to pass it later this year.
50. CEO Sees Ford Continuing to Improve Into 2011
- Friday, May 14, 2010
WILMINGTON, Del. (AP) — Ford's chief executive told shareholders that the second-largest U.S. automaker will see "continuing improvement" into 2011 but wouldn't say when the company might reinstate a dividend.
51. Auto Industry on Road to Recovery But Pace Slows
- Tuesday, May 04, 2010
DETROIT (AP) - The U.S. auto industry stayed on the road to recovery in April, but it eased up on the gas pedal a bit.
Ford Motor Co. saw last month's sales rise 25 percent from a year earlier, while General Motors Co. climbed 6.4 percent. Hyundai, Subaru and others also continued to see gains from last year.
52. Toyota Apologizes for Handling of Safety Issues
- Wednesday, February 24, 2010
WASHINGTON (AP) — The president of Toyota's U.S. operations insisted Tuesday that electronic problems did not contribute to sudden acceleration of its cars, drawing sharp criticism from lawmakers who said such a possibility should not be ruled out and from a tearful woman driver who could not stop her runaway Lexus.
53. Toyota Faces Federal, Congressional Probe
- Tuesday, February 23, 2010
WASHINGTON (AP) – Facing tough questions in Congress, Toyota Motor Corp. said Monday that federal prosecutors have launched a criminal investigation into the company's safety problems and the Securities and Exchange Commission was probing what the automaker told investors. Lawmakers pledged to ask executives about internal documents showing that Toyota visited with regulators who "laughed and rolled their eyes in disbelief" over safety claims.
54. Toyota May Lengthen Warranties to Keep Customers
- Tuesday, February 16, 2010
ORLANDO, Fla. (AP) - Toyota Motor Corp. may offer incentives or increase the length of its warranties as it tries to recover from an embarrassing string of safety-related recalls.
55. Stuck Gas Pedal Causes Second Major Toyota Recall
- Monday, January 25, 2010
NEW YORK (AP) - Toyota Motor Corp. built its reputation in the U.S. as a maker of safe and dependable vehicles, but the quality of the Japanese automaker's fleet continues to be tarnished by serious safety recalls.
56. Miss. Legislators Getting Impatient with Toyota Delay
- Friday, January 15, 2010
JACKSON, Miss. (AP) - Some Mississippi legislators are becoming impatient about the interest payments Toyota Motor Corp. is expected to make on money the state borrowed to bring a $1 billion car plant in Blue Springs.
57. Northeast Miss. Waits for Toyota to Deliver on Promises
- Tuesday, December 01, 2009
TUPELO, Miss. – Oh, what a wait. This month marks a year since Toyota delayed the start of operations at its new $1.3 billion vehicle manufacturing plant off U.S. 78 in Blue Springs.
The delay has put on hold nearly 2,000 jobs and an expected economic boom for Northeast Mississippians, who are biding their time as Toyota continues to reaffirm its commitment.
58. Wholesale Inventories Drop in July
- Monday, September 14, 2009
WASHINGTON (AP) – Businesses throughout the nation reduced inventories at the wholesale level for a record 11th consecutive month in July, although sales rose by the largest amount in more than a year, according to government data released Friday.
59. Dealers Should Get 'Clunkers' Money by Sept. 30
- Friday, September 04, 2009
WASHINGTON (AP) - The government has approved $500 million in reimbursements to car dealers for sales under the Cash for Clunkers program and dealers should be paid by late September, officials said Thursday.
60. Cash for Clunkers Generates 700,000 New Car Sales
- Thursday, August 27, 2009
WASHINGTON (AP) – Cash for Clunkers generated nearly 700,000 new car sales and ended under its $3 billion budget, the Transportation Department reported Wednesday.
Releasing final data, the government said dealers submitted 690,114 vouchers totaling $2.88 billion. New car sales through the program ended late Monday, and dealers were allowed to submit paperwork to the government until late Tuesday.
61. Survey Shows US Automakers Making Improvements
- Wednesday, August 19, 2009
NEW YORK (AP) - All three U.S.-based automakers are doing a better job of satisfying their customers than they were a year ago, according to a recent survey.
General Motors Co., Ford Motor Co. and Chrysler Group LLC all posted significant gains in this year's American Customer Satisfaction Index released Tuesday by the University of Michigan.
62. Ford to Boost Production of Focus, Escape
- Friday, August 14, 2009
DEARBORN, Mich. (AP) - Ford said Thursday it will build more of its popular Focus and Escape models and boost total vehicle production later this year to help dealers restock depleted showrooms.
63. GM Q2 Global Sales Fall 15 Pct Amid Weak Economy
- Thursday, July 23, 2009
DETROIT (AP) - Although General Motors' North American sales dropped sharply last quarter as it headed into U.S. bankruptcy protection, strong growth in its Asia-Pacific region offset much of the decline, and the automaker ended up with global sales down 15 percent for the quarter.
64. Fiat Closes Deal to Take Bulk of Chrysler's Assets
- Thursday, June 11, 2009
DETROIT (AP) - Italy's Fiat is the new owner of most of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's chief executive.
65. Raynor Named VP of Marketing For Two Hilton Brands
- Wednesday, May 20, 2009
Carla Raynor has been appointed vice president of marketing for Homewood Suites by Hilton and newly launched Home2 Suites by Hilton.
66. Chrysler Moves to Eliminate 789 of 3,200 Dealers
- Friday, May 15, 2009
NEW YORK (AP) - Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.
67. GM Employees May Get Shutdown Details This Week
- Friday, April 24, 2009
DETROIT (AP) - Thousands of GM workers could learn as early as Thursday that they will be idle for up to nine weeks this summer as the automaker's plants stop making all but its most popular cars and trucks.
68. Automakers Post Steep US Sales Drops for March
- Thursday, April 02, 2009
DETROIT (AP) - March proved to be another dismal month of steep declines for U.S. auto sales, as low consumer confidence and job uncertainty kept buyers away from showrooms.
General Motors Corp. led the slide with a 45 percent U.S. sales plunge compared with a year earlier, while Ford Motor Co. reported a 41 percent drop. Sales at Toyota Motor Co. and Chrysler LLC both dropped 39 percent, while Honda Motor Co. reported a 36 percent decline.
69. Ex-Toyota Official Says Miss. Plant Still in the Works
- Friday, March 06, 2009
FULTON, Miss. (AP) – The former senior vice president for Toyota Motor North America says he expects the automaker to open its Northeast Mississippi plant when the economy gets better.
Dennis Cuneo told an audience Wednesday at Itawamba Community College that there’s no truth to rumors Toyota wants to abandon its Blue Springs assembly plant.
70. Toyota Cutting US Execs' Pay, Offering Buyouts
- Monday, February 16, 2009
NEW YORK (AP) - Toyota Motor Corp. is reacting to the slump in U.S. auto sales by further cutting North American production, slashing executives' compensation up to 30 percent and offering buyouts to about 18,000 workers.
71. Miss. Incentives for Cooper Tire Signed Into Law
- Wednesday, February 04, 2009
JACKSON, Miss. (AP) - A new Mississippi law signed Tuesday provides $19 million worth of incentives to keep and expand a Cooper Tire & Rubber Co. plant in a region struggling with years of decline in furniture manufacturing and other industries.
72. GM Official Says Cash Could Run Out by March 31
- Thursday, January 22, 2009
DETROIT (AP) - The target date for General Motors Corp. to get its second installment of government loans passed last week, but a top company executive says he expects the money to arrive in the next several days.
73. Corker Says No Regrets Voting Against Auto Bailout
- Wednesday, January 14, 2009
DETROIT (AP) - U.S. Sen. Bob Corker said Tuesday he doesn't regret voting against a bailout for General Motors Corp. and Chrysler LLC last month because he and other Republicans had a plan to help the carmakers succeed.
74. GM: Worst-Case Scenario Calls for More Gov't Money
- Tuesday, January 13, 2009
DETROIT (AP) - General Motors Corp.'s chief operating officer wouldn't say Monday whether GM will need all $18 billion in government loans it sought from Congress, but he said GM's worst-case scenario would require more than the $13.4 billion already allocated by the Treasury Department.
75. US Auto Sales Drop in 2008, Recovery Unclear
- Wednesday, January 07, 2009
DETROIT (AP) - After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a recovery might occur.
76. Toyota, Honda Lead Declines in Dec. Auto Sales
- Tuesday, January 06, 2009
DETROIT (AP) - Toyota and Honda's U.S. sales fell more than their U.S. competitors' in December, with Toyota's 37 percent decline and Honda's 35 percent drop showing the Japanese company's popular fuel-efficient models were little help as consumers steered clear of showrooms due to the dismal economy.
77. Squeezing More Miles Out of that Hybrid
- Friday, January 02, 2009
At the Detroit auto show next month, one of the most highly anticipated new vehicles will be Toyota Motor Corp.'s third-generation Prius hybrid. It features a roomier interior and better gas mileage than the current model, the best-selling hybrid in the world.
78. Meltdown 101: Foreign Automakers Struggle Too
- Wednesday, December 24, 2008
U.S. automakers landed a $17.4 billion bailout package from President Bush last week, but carmakers around the world also could use a dose of holiday cheer as 2008 winds down.
Slow sales and tight credit markets are not the sole domain of General Motors Corp., Chrysler LLC and Ford Motor Co., as carmakers from Stockholm to Tokyo report problems of their own in a slumping global economy.
79. Toyota Projects First Loss in Company's History
- Tuesday, December 23, 2008
NAGOYA, Japan (AP) - Toyota Motor Corp. said Monday it will report the first operating loss in 70 years, acknowledging that after a decade of rapid growth it can no longer escape the slowdown plaguing the global auto industry.
80. Falling Energy Prices Yet to Show Economic Return
- Monday, December 22, 2008
PHOENIX (AP) - Economists believe that American consumers as a whole pocket a billion dollars every time the price for a gallon of gas drops by a penny. Given that retail gas prices have dropped by $2.44 per gallon since July, there should be a lot of money flowing back into the economy.
81. Toyota Delays US Assembly Plant
- Tuesday, December 16, 2008
NEW YORK (AP) - Toyota Motor Corp. is delaying the start of production at its plant in Blue Springs, Mississippi, indefinitely as the top Japanese automaker copes with the downturn in the auto industry.
82. Detroit Automakers Await Deal on Auto Loans
- Tuesday, December 16, 2008
ABOARD AIR FORCE ONE (AP) - Detroit automakers got public reassurance Monday from President George W. Bush that short-term government help for the industry is in the works and could come soon.
83. White House Readies New Rescue for Auto Industry
- Monday, December 15, 2008
WASHINGTON (AP) - With Congress gridlocked and the economy flailing, the Bush administration declared Friday it would step in and prevent the "precipitous collapse" of the U.S. auto industry and the disastrous economic impact of the hundreds of thousands of job losses sure to follow.
84. Hill Opposition Jeopardizes Auto Industry Rescue
- Friday, December 12, 2008
WASHINGTON (AP) - Prospects for a $14 billion auto industry rescue bill dimmed Thursday amid growing opposition in both parties and despite urgent appeals by both President-elect Barack Obama and President George W. Bush.
85. UAW: Corker Risking 110,000 Jobs in Tennessee
- Friday, December 12, 2008
CHATTANOOGA, Tenn. (AP) - A UAW local president at the General Motors plant in Spring Hill said Republican U.S. Sen. Bob Corker is "playing politics with 110,000 jobs" in his home state by opposing the auto industry rescue package.
86. Ford Tells Congress It May Be Able To Go It Alone
- Wednesday, December 03, 2008
WASHINGTON (AP) – Ford Motor Co. is asking Congress for a $9 billion “stand-by line of credit” to stabilize its business, but says it doesn’t expect to tap it.
87. Auto Industry Planning Car Pool to Washington
- Tuesday, November 25, 2008
DETROIT (AP) - After being skewered by Congress and lampooned on NBC's "Saturday Night Live," the CEOs of Detroit's three automakers may end up making their return trip to Washington by car as they seek a federal bailout.
88. Ghosn Says Auto Industry Consolidation Likely
- Thursday, November 20, 2008
LOS ANGELES (AP) - Nissan Motor Co. and Renault SA Chief Executive Carlos Ghosn said Wednesday that he expects the current crisis in the auto industry will soon lead some carmakers to consolidate.
89. Factory Orders Drop More Than Expected
- Wednesday, November 05, 2008
Factory orders dropped for the second straight month in September as businesses cut back on purchases of steel, computers and other equipment amid the economic downturn, the government reported Tuesday.
90. GM Oct. Sales Fall Nearly Half; Ford Drops 30 Pct
- Tuesday, November 04, 2008
DETROIT (AP) – General Motors' October U.S. sales plunged 45 percent and Ford's dropped 30 percent, as low consumer confidence and tight credit combined to scare customers away from showrooms.
91. Auto Industry Girds for Another Weak Sales Month
- Monday, November 03, 2008
NEW YORK (AP) - The auto industry is preparing to report yet another month of rapidly slowing sales – possibly the worst in decades – as the same toxic combination of the credit crunch and the careening economy continue to keep consumers away from dealerships.
92. Treasury Set To Dish Out Rescue Funds
- Tuesday, October 28, 2008
WASHINGTON (AP) – The Treasury Department will start doling out $125 billion to nine major banks this week to get credit flowing again, giving a lift to U.S. markets on rising confidence that the government’s moves would stave off a protracted recession.
93. August Auto Sales Fall; Some Say Worst May be Over
- Friday, September 05, 2008
DETROIT (AP) - Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out.
Most upbeat were executives from General Motors Corp., which posted a 20.3 percent sales decline from a year ago but a 31 percent improvement over July's dismal totals.
94. Spring's Economic Rebound Unlikely to Last
- Tuesday, September 02, 2008
WASHINGTON (AP) - The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.
95. Nissan Offering Buyouts to Tennessee Employees
- Friday, August 01, 2008
NASHVILLE, Tenn. (AP) - Nissan North America Inc. said Wednesday it will offer buyouts to about 6,000 employees at the company's two Tennessee plants and eliminate a night shift at one plant because rising fuel prices and the economic downturn have slowed sales of trucks and sport utility vehicles.
96. Volkswagen Selects Tennessee for US Auto Plant
- Wednesday, July 16, 2008
CHATTANOOGA (AP) - Volkswagen picked Chattanooga over rival sites in two other states for a new U.S. assembly plant expected to create about 2,000 jobs.
Volkswagen Group of America Inc. will produce a new midsize sedan designed specifically for the North American consumer and invest $1 billion in the economy, the company has announced.
97. June Car Sales Plummet; More Declines Expected
- Thursday, July 03, 2008
DETROIT (AP) - A last-minute no-interest financing offer and strong sales of some cars helped General Motors Corp. keep its U.S. sales over Toyota Motor Corp. last month, but it was still the worst June for the industry in 17 years and a harbinger of more misery ahead.
98. ProLogis to Begin Rehab On Hickory Hill Warehouse
- Tuesday, July 01, 2008
5700 Challenge Drive
Memphis, TN 38115
Permit Amount: $1.1 Million
Project Cost: N/A
Permit Date: Applied June 2008
Completion: End of 2008
Contractor: The Conlan Co.
Details: Denver-based ProLogis has filed a permit application to rebuild the foundation of its warehouse at 5700 Challenge Drive. The building, in the Memphis Distribution Center near Raines and Hickory Hill roads, was damaged in the Feb. 5 storms that ripped through the industrial section of Southeast Memphis.
99. Hutton Files Loan For New Dealership
- Thursday, June 26, 2008
Henry Hutton LLC has taken out a $5.8 million construction loan to build a new Chuck Hutton Toyota dealership at 1733 Metro Plex Loop in Whitehaven’s Southbrook Office Park. The company also filed a $936,000 trust deed on the property; both loans were made through Toyota Motor Credit Corp.
100. 'Turn to West Memphis,' City Urges Logistics World
- Wednesday, August 08, 2007
Ward Wimbish has a message for companies thinking about moving part or all of their logistics and distribution operations to the area: West Memphis is open for business.
Bolstered by a slick new Web site (www.westmemphis.com), robust infrastructure and competitive incentives, the city has launched a full-scale campaign to lure the type of commerce that helped its much larger neighbor across the river earn the tagline "America's Distribution Center."