GLG News by Salvage Auto Auction Market Experts

In a brilliant tactical move, GM on Tuesday announced it was closing four truck plants, had approved funding for its new electric car, the Chevy Volt,  and suggested the possible sale of the Hummer brand.

If conditions in the auto industry don't start improving soon, GM may have to start looking for coins between the seats of its vehicles.

The Japanese Auto Dealers Association blames having one fewer selling day in May and a recent tax change for the drop in May sales. Those two factors are not insignificant.

With auto makers struggling in what could be the worst sales year in a decade, they are facing another challenge: Auto lenders that are getting out of the market. Here are my thoughts on the subject.

Ford's announcement of not being able to meet its profitability goals really amounts to the company admitting they thought they could continue to follow the same path they did in the 1990s in the face of  rising energy prices and dropping truck sales.

With Ford's share price falling, Kerkorian's offer is looking better to current Ford stock holders. Kerkorian's team has already said that they have no interest in keeping Mercury and Volvo. However, selling off the two brands may not make much sense.

If billionaire investor Kirk Kerkorian didn't have enough takers on his offer to buy 20 million shares of Ford Motor Co. stock at $8.50 apiece, he might face a stampede now.

While the Detroit Three struggle to stay afloat in the middle of the worst auto sales year in a decade, emerging markets such as China and Russia are booming. So much so that while Ford is closing plants in the U.S., it is building them in Russia. They are not alone.

It is no surprise that Ford is cutting production at its Volvo Cars unit. However, there may be more at play here than just cutting costs. 

General Motors, battered for decades by hot-selling, stylish, dependable, vehicles from European, and Asian automakers, seemed to have the field to itself in the race to produce an electric vehicle. Now, it seems everyone want's to join the party. With its announcement last week that it expects...