Ford cuts a shift of F-150 production, adds third shift to Crossovers

FoMoCo announced today it will cut one shift of the F-150 production indefinitely. While cutting the second shift at its Kansas City assembly plant, it will add a third shift to the Ford Escape,...

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VW CEO threatens to resign if Porsche interferes

When Porsche CEO, Wendelin Wiedeking announced last week that Porsche plans to increase its stake in Volkswagen from 31 to over 50 percent this year, we were wondering what Volkswagen thought about...

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Ford to build Fiesta sedan in Mexico

A source familiar with Ford’s production plans said that the company plans on building its new subcompact Fiesta sedan in Mexico. The decision, which will supposedly get UAW pretty angry,...

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Chrysler Needs YOU To Call Congress And Save The Not-So-Big Three [Financiapocalypse]

It's not just GM employees and its dealers getting into the act. Do you know a member of Congress? Don't know a member of Congress but live in one of those, whattaya-call-'em — districts? Want to advocate for Chrysler and the rest of the domestic automakers to get a piece of the federal loan pie? Here's your chance. Chrysler's external affairs and public policy website aptly named "Grab Democracy By The Horns" has a way for you to connect with your member and start talking to 'em about jobs and — umm — are you not sure what to say to them? Well, other than talking about 'merica and stuff, there's all sorts of fun things to talk to them about — in fact, Chrysler's even put together some talking points for you to work from. Peruse them in the gallery below. They're a hoot and most of them read like they were written by interns. Well, it's certainly doing more than buying a "Save GM" t-shirt. Just not as stylish.

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Dealership offering buyers $250 for gas, or a gun

It’s funny how many interesting incentives are popping up to move cars out of the showrooms. Chrysler first surprised everyone by offering a gas card that caps your fuel-cost at $2.99 a gallon...

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Ford's Mulally: This Is All Part Of Our Plan [Industry News]

Ford CEO Alan Mulally spoke with CNBC's Phil LeBeau today following the automaker's announcement of $129 million in third quarter loses and announced the company was ready to weather the storm and will continue to develop its product line — but would still love some o' that good ol' socialist government help. The message appears to be far cheerier than GM's announcement that it would be implementing big changes, though there's still some cause for concern. What's the difference?

First of all, Ford has around $30 billion in both liquid assets and a credit line the company secured just in case the global economy turned south (that seems prescient). That means the "should they go bankrupt" conversation is much further away. Additionally, Mulally claims the third-quarter cash loss was higher than usual because Ford cut production of the F-150 in advance of the 2009 Ford F-150. As hard as it is to believe, Mulally said that "this goes back to our fundamental plan." Ford's plan to realign earlier seems to have put them in a better position. Of course, they still want/need the money to help cover pension liabilities and the development of more fuel efficient cars.

[Source: CNBC]

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Fisker Karma hybrid to carry a VW 1.4 liter 4-cylinder?

Fisker says that it has already sold 99 units of its upcoming Fisker Karma hybrid, deliveries of which will begin in the fourth-quarter of 2009. Fisker will only produce 15,000 units of the Karma...

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Daimler reduces its stake in Chrysler by two-thirds

After Daimler sold its majority control in Chrysler to Cerberus Capital Management in August 2007, it retained a 19.9 percent stake in the American automaker. However, Daimler has now reduced its...

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