HispanicBusiness

Auto Economy

Nissan Unveils the Almendra in the Philippines

Nissan Motor Phils. Inc. last week unveiled this gem of a car, the all-new Nissan Almera, which is a four-door sedan that boasts being the biggest in the subcompact segment.

Ford-UAW Contract To Create More Jobs

The new four-year contract between the United Auto Workers union and Ford Motor company will create additional jobs onChicago's Far South Side, Mayor Rahm Emanuel's office said Tuesday.

Obama Administration's New Fuel Economy Rules Draw High-octane Reactions

The Obama administration's deal with automakers last week to double auto and light-duty truck mileage by 2025 has fueled some high-octane debate, with critics predicting increased car prices and supporters saying the standards will spur badly needed innovation. Also, California is taking credit for the whole thing.

GM: Cutting Brands Trimmed Consumer Loyalty

U.S. owners of Saturn, Hummer and Pontiac brand General Motors cars have been courted and even bribed, but many are moving away from GM anyway, data shows.

GM Stock Is a Long-term Investment, CEO Tells Shareholders

Obama To Seal Chrysler Deal With Fiat CEO

President Obama was due Friday to seal the government's sale of its remaining 6 percent equity in carmaker Chrysler to Italy's Fiat SpA for $500 million.

2nd U.S. Rating Agency Threatens U.S. With Downgrade Over Budget

For the second time in less than two months, a U.S. credit rating agency Thursday threatened to downgrade the top status of the U.S. government's borrowing ability unless it resolves its budget crisis.

Ford to Launch 3-Cylinder Engine For Small Cars

Ford Motor Co. will produce a 1.0-liter, three-cylinder EcoBoost engine and a new 8-speed transmission sometime in the next two years to raise the fuel economy of its small cars, company executives said Thursday.

GM or Ford Stock: Which Is the Better Buy?

It's a perennial debate around Detroit, but the real answer might be that both stocks are a pretty good deal.

Chrysler CEO Hails 'Payoff Day' for Government Loans

Less than two years after emerging from Chapter 11 bankruptcy, Chrysler is poised to pay off its government debt, Chrysler Group LLC and Fiat SpA CEO Sergio Marchionne said Monday.

It's a Seller's Market for Used Cars; Values Going Up

People are holding on to cars and trucks for about a year longer than they did before the recession, which has created a tight supply of used vehicles. So few are on the market that prices have risen to their highest in at least 16 years.

Used Car Prices, Demand Soar as Supply Drops

Economic pressures of the last few years have pushed many consumers out of the new-car market -- good news for used-car dealers, if they can find enough cars to sell.

GM to Build First Electric Motor Plant in U.S.

The General Motors Co. (GM) on Tuesday announced its plan to build an electric motor plant near Baltimore, Maryland, the first such plant dedicated to making key components for vehicle electrification in the United States.

Studies Offer Conflicting Previews of Auto Sales

While one study suggest that the U.S. auto market will bounce back by 2013, another report says Americans are scrapping cars faster than buying replacements -- and plan to do so for some time.

Small Cars Spur April Sales

Small and fuel efficient cars were in high demand in April and propelled the industry to a 17.9 percent sales increase for the month as gas prices zoomed past $4 per gallon in many major cities across the U.S.