GLG News by Automotive OEMs Experts

  YRC Worldwide is hoping it can ride out the current credit crunch and sour freight environment to avoid bankruptcy or further erosion of customer confidence.   With about $1.19 billion in debt, the $9.6 billion trucking concern is trying to pay off long-term debt to preserve liquidity and...

 The American Trucking Associations' advanced seasonally adjusted for-hire truck tonnage index dropped by 0.9 percent in September, it's third straight month-over-month decline. The details are even worse. The seasonally adjusted index was just 0.8 percent above year-ago levels. September 2007...

At the tail end of a dismal auto sales year, the public auto dealer groups are reporting bad news for third-quarter results. The more troubling news comes comes for domestic car makers and dealers. 

Detroit had many chances to come around and beat the world's automotive markets but the reasons they did not were : too eager to take credit, adversarial relationship between workers and management, and profit center. Detroit is now paying the price.....

Coming off a dismal sales month in September, U.S. automakers had hopes for a slight recovery in October. It didn't happen.

With LTL giant YRC Worldwide teetering, the biggest potential winner from any shutdown or wholesale closing of YRC operating units would appear to be Arkansas Best Corp., parent of ABF Freight System. At nearly $2 billion in revenue, ABC (or ABF, which makes up the lion's share of its parent's revenue)...

One thing GM dealers could always depend on was that GMAC, their primary source for retail lending and floorplan inventory financing, would always be there for them. Not anymore.

A major group of transportation officials has adopted recommending that Washington spend $545 billion in federal-aid highway spending, or just about double the current five-year spending plan of $286 billion. It would allow the nation to address its infrastructure needs, fix freight bottlenecks, improve...

1, North America and Europe has seen a major reductions in car sales in current quarter however if you look at the age of average vehicle it is getting close to 6+ years which is coming close to end of the life. 2. As credit crisis comes to end, the consumers will come back for a state of art new vehicle....

1. There is too much excess capacity currently and eliminating one of Big 3 OEM would allow to get Big 2 to be competitive. 2. Toyota has been using "common worldwide parts" to help reduce design costs. This will allow Big 2 to "communize" parts. 3. There are currently large design centers for each...