Wednesday, July 27, 2011
Contract negotiations between Chrysler and the United Auto Workers Union kicked off on Monday, as the industry fights to stay competitive with foreign automakers. Fellow "Big Three" companies General Motors and Ford will also begin negotiations with the UAW later this week. Will the parties involved be able to reconcile their demands and reach a suitable agreement before contracts expire in mid-September? Paul Eisenstein, publisher of The Detroit Bureau, has been following the negotiations.
Friday, June 03, 2011
President Obama will be speaking with workers at a Chrysler plant in Toledo, Ohio, on Friday. The visit comes on the back of a report released showing the government’s $80 billion auto bailout will only cost taxpayers about $14 billion at the end of the day – far less than originally expected. The report also shows the American car industry has created 115,000 jobs since the government stepped in. The president will be selling this as a big success story – but is it?
Monday, May 30, 2011
Toyota announced that it would suspend U.S. production for one week beginning today. The car maker's decision in part due to problems with the Toyota supply chain, which was disrupted by March’s Sendai earthquake. However, it is unclear exactly what is causing the shutdown. To get to the bottom of the announcement, is Paul Eisenstein, publisher of website TheDetroitBureau.com.
Friday, April 22, 2011
As potential car buyers flock to the New York International Auto Show this week, some industry bigwigs are skipping the annual American show for another auto event — in Shanghai. The Chinese auto show and the American auto show overlap this year, and they are certainly competing over the industry spotlight. Paul Eisenstein, publisher of The Detroit Bureau.com, is at the New York show this week. He talks about the growing importance of China's auto show. Some of America's biggest launches, including the Chevy Malibu, are happening at that show as China becomes a major market for American cars.
Friday, April 08, 2011
The auto industry might just be driving the U.S. economy. U.S. car sales rose in March by 16.9 percent and Chrysler, Nissan and Ford are vying for the top slots. Chrysler hit its highest monthly total in three years in March with a 31 percent increase. And lot of that growth was fueled by hybrid and electric car sales. However, despite this good news, there are also reports that car companies are scaling back overtime hours and production schedules, especially in their small truck production.
Wednesday, January 12, 2011
What cars — and trends — are making their debut at the 2011 Detroit Auto Show? Paul Eisenstein of The Detroit Bureau says that following a surprisingly strong year for the Big Three, things are looking good for American automakers at this year's show. Meanwhile, this was the first visit to the show by Toyota's CEO, who was in Detroit to promote the Prius. He admitted that his brand has faced a challenging year.
Wednesday, January 05, 2011
Monday, January 03, 2011
Paul Eisenstein, publisher of TheDetroitBureau.com, joins us with his predictions for the auto industry in 2011. "Barring a huge and fast runup in fuel prices, most people are predicting that this is going to be a pretty darn good year," says Eisenstein. The year also looks to be particularly good for Detroit and the Big Three. Meanwhile, rising fuel prices may also create a bigger market for electric cars.
Thursday, November 18, 2010
After unexpectedly strong interest from potential investors made itself apparent, formerly-bankrupt carmaker GM raised its initial price on last night's stock offering to $33/share. This morning, the auto giant helped start off the NYSE with a Comaro's horn. Selling at $33/share should potentially net GM more than $23 billion, and allow it to pay back half of the money still owed taxpayers and the Treasury Department after last year's automaker bailout.
Monday, November 15, 2010
By John Hockenberry : Host, The Takeaway
Thinking about the Detroit Opera company trying to survive Detroit’s economic woes, it certainly seems that the abandoned buildings and tragic urban landscape of parts of Detroit provide that city with an opportunity for theater at the very least.
The stark triumph (or not so much) over adversity themes in "La Boheme" ought to make it a Motown fave given the economy. You could stage it in some of Detroit's most troubled neighborhoods. "Boheme" is obvious though, so why not imagine other stories of operas starring some of the fallen, or embracing some of the narratives in the motor city? You’ve got discredited mayor Kwame Kilpatrick as Lt. Pinkerton in "Madame Butterfly" leaving Detroit in the lurch. GM would be perfect as suicidal "Tosca," or evil "Don Giovanni." Ford is clearly "The Magic Flute" in this narrative… you could imagine Andre Chenier for Alan Mulally over at Ford but then he doesn’t climb the scaffold in the end.
Thursday, November 04, 2010
Today "Government Motors" gets to be General Motors again, when the company announces its initial public offering. It's a cautious success story — the company had a $2.1 billion proffit this quarter. But is it the right time to go public? We speak with Paul Eisenstein, publisher of The Detroit Bureau, which covers the auto industry, for more.
Thursday, October 21, 2010
In early 2009, Kokomo, Indiana, was emblematic of the bleak state of recession-age America. With an economy dependent on the American auto industry, the city's unemployment rate had risen to 20 percent.
But over a year later, things in Kokomo are looking up. Unemployment is down to 14 percent, and several companies are creating new jobs. While there is much disagreement about the effectiveness of the economic stimulus package, Kokomo residents and politicians are quick to credit it with their city's recovery.
Monday, October 11, 2010
Electric cars are good for the environment, but can they be made affordable and viable for a cash-strapped American public? European governments and car manufacturers are investing heavily in electric cars for both environmental and economic reasons. The U.S. government is gearing up to do the same, by offering heavy tax incentives to Americans who buy electric cars.
Wednesday, September 22, 2010
Steven Rattner, President Obama's former car czar and author of Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry in America, discusses his new book and whether the bailout of the auto industry was good for America.
Monday, August 30, 2010
We look ahead to this week of Middle East peace talks, a new jobs report, and auto sales numbers. On Tuesday, President Obama will address the nation from the Oval Office as combat operations in Iraq officially end. On Wednesday, we'll hear about auto sales numbers for August, and on Thursday, a new round of Middle East peace talks will begin. Friday brings the anticipated jobs report from the Labor Department.
Thursday, August 26, 2010
Ford has been open about its plans to phase out the massively popular Crown Victoria line in 2011, but is inviting stiff competition from both Chrysler and General Motors, who are unveiling vehicles aimed squarely at police fleets. Will Ford be able to keep the 75 percent market-share of the police cruiser market, that the Crown Victoria managed?
Friday, August 13, 2010
Barely 24 hours after announcing the company's positive second quarter earnings, GM CEO Ed Whitacre announced yesterday that he would be stepping down from the company. It was an expected move; Whitacre came out of retirement to steer the company towards better economic waters, and promised it would be a short term undertaking. But his departure took some by surprise, who expected he would stay through the company's stock offering, which should take place next week. What shape does Whitacre leave the company in? And what ahead?
Friday, July 23, 2010
Things are looking up for U.S. automakers. Sales are up, and some companies like Chrysler are projecting that they will end this quarter in the black. This is big news for an industry which required massive government support to avoid bankruptcy less than two years ago. Paul Eisenstein, publisher of The Detroit Bureau, says that the car companies have been making smart moves.