GLG News by Automotive OEMs Experts

GM, and Ford, are the victims of too much focus on the American market, for far too long, at the expense of the world market. GM, and Ford, must continue to shift away from, and write down production and assets focused on truck and SUV production. How much will GM and Ford have to give up, to survi...

With Chrysler's announcement on Friday that it was going to stop offering leases through its lending facility, every domestic car dealer felt the tremors.

Faced with a $8.7 billion loss, a $2.1 billion write-down on its lease portfolio with Ford Motor Credit, Ford plans to bring some of its hot selling European products to the U.S. But that's not the only answer.

AutoNation, the country's largest auto retailer, said Thursday its bottom line took a beating after a 15% drop in new-vehicle sales caused second quarter profits to drop by a third. This on the heels of Bill gates buying a chunk of the company.

It isn't just product woes troubling the domestic auto makers. Their captive auto lenders are all facing significant losses in their lease portfolios with higher depreciation costs for leased vehicles than they originally anticipated

One bright spot for Ford over the past several years has been its lending arm, Ford Motor Credit. Now that division may be in trouble.

Toyota's announcement that the new Mississippi facility will produce the Prius is a smaret decision to increase capacity for a marketable product, with variant potential for the future. Toyota's temporary suspension of production in Indiana and Texas to reconfigure the plants for greater product flexibility...

On the heels of Gm's plan to cut $10 billion in costs over the next 18 months, there are reports that Japanese auto giant, Toyota, has problems also.

 Yellow Transportation is enacting what officials are calling the most important change of operations in the company's history. More than 500 Yellow Teamsters have accepted new dock, driving and new "utility" positions to give the venerable long-haul LTL carrier a bigger footprint into the next-day...

How desperate are U.S. automakers getting? Burning cash, cutting production, trimming white collar jobs, unloading some brands, others on shaky ground. Believe it or not, there have even been rumors of a merger between GM & Ford.