World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Detroit Is Facing a Scary New Normality
Keywords:
Tags: Automobiles,
IHS Global Insight estimates that output in the US for the auto industry for 2009 will be 9.5 million vehicles, with capacity of 16.9 milllion vehicles this amounts to 56% capacity utilization number which is very low. Center for Automotive Research estimates that the sales began moving ahead of trend in 1996 and really accelerated after 1998. The easy financing fueled the boom. Now the 16-17 million sales years that were considered normal are seen as inflated and way above the trend. All this suggests that there is a lot of restructuring ahead for the auto industry.
The new Chrysler that is emerging from bankruptcy with government help under Fiat's Marchionne.
11/10/2006
Marchionne has kept many of the managers from the previous Chrysler. Jim Press is deputy CEO and adviser. He came from Toyota. Everything else will change. He is flattening the organization structure to improve communication and speed. Smaller car lineup will replace the prior lineup, and Fiat's engine technology will provide help for fuel efficient cars.
Grouped Articles
Fiat, in Deal With Union, Will Buy Rest of Chrysler
New York Times 01/01/2014
Worker Reaction to Chrysler bankruptcy
Detroit Free Press 05/04/2009
Bankruptcy reality sets in for Chrysler, workers
Detroit Free Press 05/04/2009
Chrysler reborn under alliance with Fiat
Detroit Free Press 05/04/2009
Impact:: Bankruptcy Announcement
Detroit Free Press 05/04/2009
Chrysler tried in vain to sell parts to Chinese, form partnerships
Detroit News 05/04/2009
Shifts in customer buying habits in the U.S. auto industry that hurt GM, Ford and Chrysler in 2008-2009
04/12/2006
Shifts away from larger vehicles in the American auto industry. A significant shift was underway in the US auto industry by the middle of 2008 towards fuel efficient automobiles as gasoline prices went over $4.00 per gallon, and consumer net worth declined significantly with decline in housing and stock prices causing cuts in spending. The situation in 2008-2009 before the government led bailout and the planned bankruptcies of GM and Chrysler.
Grouped Articles
Ford Clips Toyota's Wings in California
Wall Street Journal 07/17/2013
Ford Remakes F-150, the Nation’s No. 1 Vehicle
New York Times 01/13/2014
Chrysler’s Fall May Help Administration Reshape G.M.
New York Times 05/03/2009
Why Gas Feels Cheap—and Why It’s Not, Historically Speaking
Wall Street Journal 01/04/2015
Ford and Chrysler Unveil Their Redesigned Pickups
New York Times 01/14/2008
Collapse in Demand For Large SUVs Leaves Owners in a Bind
Wall Street Journal 06/02/2008
U.S. auto sales drop to a seasonally adjusted rate of 9.2 million vehicles in September 2009
01/12/2009
The month after the cash forclunkers program annual sales rate was down for the industry at asubstantial pace. Ford and Hyundai were the only bright spots.
Grouped Articles
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Detroit Free Press 10/02/2009
Auto Sales Fall Back as Clunker Program Ends
New York Times 10/02/2009
Cruel September for Car Makers
Wall Street Journal 10/02/2009
Clunker Plans Are Risky Route, Central Bank Says
Wall Street Journal 10/16/2009
Clunkers Sales point to challenges for Detroit's Big Three
Detroit News 11/09/2009
GM (General Motors) Restructuring in 2009.
01/24/2008
After the first government loan General Motors begins serious restructuring in February 2009 as mandated in the loan terms. The government oversight over the restructuring.
Grouped Articles
GM Shares Sharply Down as Western Europe Drags
Wall Street Journal 10/09/2008
Howes: Market drop revives talk of bankruptcy
Detroit News 10/10/2008
U.S. Auto Shares Plunge on a Grim Sales Forecast
New York Times 10/10/2008
Detroit Free Press 10/14/2008
General Motors, Driven to the Brink
New York Times 10/26/2008
How Detroit Drove Into a Ditch
Wall Street Journal 10/25/2008
How debt can suddenly sink firms as business swings lead to a drying up of business.
10/14/2008
It can happen to GM and Chrysler, and a near miss for Ford and Morgan Stanley. Goldman Sachs is only pretending that it did not have a near miss after Lehman's collapse. The same can happen to an architectural firm Yamasaki as corporate real estate market collapses in 2009. The volatility and nervousness in financial markets in 2008 that shut companies out of credit markets and led to the government led auto industry bailout with planned bankruptcy filings.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
Morgan Stanley Memo by John Mack
Wall Street Journal 10/14/2008
Anatomy of the Morgan Stanley Panic
Wall Street Journal 11/24/2008
Wall Street Journal 03/14/2009
Morgan Stanley Comes Up Golden
Wall Street Journal 07/22/2011
The future for auto sales in the American market after the 2009 auto crisis.
01/12/2009
Differing views on the prospects for the auto industry looking forward, and what will determine success. The situation in the auto industry before the government led bailout and the planned bankruptcies of GM and Chrysler.
Grouped Articles
Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Chrysler’s Fall May Help Administration Reshape G.M.
New York Times 05/03/2009
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Wall Street Journal 07/30/2009
Car Sales Are Stuck in Slow Lane
Wall Street Journal 06/29/2010
Car Makers Help Drive Economic Recovery
Wall Street Journal 07/27/2011
Ford Motor performance 2006-2009
10/24/2006
Grouped Articles
Ford Posts Loss of $5.8 Billion, Worst Since 92
New York Times 10/24/2006
Ford to Update Focus in Small-Car Push - WSJ.com
Wall Street Journal 12/07/2006
Ford's global future rides on next generation Focus. Compact Sedan platform ams at lowest cost.
Detroit News 01/11/2010
Detroit Is Facing a Scary New Normality
Wall Street Journal 01/12/2009
Ford Posts Quarterly Loss of $5.9 Billion
Wall Street Journal 01/29/2009
Ford's EcoBoost Engine Excites Marketer
New York Times 01/06/2008
Sinking demand in 2008 and the Detroit automakers future.
02/13/2006
Sinking demand is casting a long shadow on the future of Detroit automakers, not the sinking demand of the 3rd quarter which was bad, but the sinking demand for the 4th quarter 2008 and in 2009. Something that GM and Ford with their optimistic forecasts of 13-14 million vehicles for 2009 as stated in theSenate on November 18, 2008 by their CEO's, may have missed as sales may be in the neighborhood of 10 million or lower in 2009.
Grouped Articles
U.S. Auto Sales Surge in December
Wall Street Journal 01/06/2015
Carmakers Report Losses as They Burn Cash
New York Times 11/08/2008
Some G.M. Retirees Are in a Health Care Squeeze
New York Times 11/10/2008
Detroit Auto Makers Need More Than a Bailout
Wall Street Journal 11/10/2008
Wall Street Journal 11/10/2008
Obama Asks Bush to Provide Help for Automakers
New York Times 11/11/2008
Changes in the car market in 2009 after the GM (General Motors) and Chrysler bankruptcy.
01/12/2009
Hyundai, Kia, and VW increase market share. With gains coming from both the American carmakers and the Japanese carmakers. Hyundai offering quality at a lower price and getting name recognition with innovative marketing like the Hyundai Assurance Plan that protects buyers in the event of job loss.
Grouped Articles
Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Chrysler Files to Seek Bankruptcy Protection
New York Times 05/01/2009
Chrysler’s Fall May Help Administration Reshape G.M.
New York Times 05/03/2009
Small Carmakers Benefit From Detroit’s Woes
New York Times 06/22/2009
With Low Prices, Hyundai Builds Market Share
New York Times 09/22/2009
Detroit Risks Falling Back into Temptation
Wall Street Journal 11/25/2009
GM's newer models late 2009-2010.
04/23/2006
Buick La Crosse and other models.
Grouped Articles
Detroit Vehicles Outperform Imports in Quality Study
Wall Street Journal 05/13/2013
Confession: The Regal's a Pretty Great Car
Wall Street Journal 05/29/2010
BusinessWeek 09/30/2010
New Cars Arrive, Courting Few Buyers
New York Times 01/12/2009
A Buick With Higher Aspirations
New York Times 11/01/2009
How New Buicks Took Shape in China
New York Times 11/01/2009
Improvements in Fuel Economy for carmakers in 2009 and beyond.
01/06/2008
With the government's investment in GM and its clear mandate for higher fuel efficency under the Obama administration, and with Ford's committment to fuel efficiency leadership, as well as the operation of Chrysler by Italian small carmaker Fiat, the move is towards smaller cars, large gains in fuel efficiency, and investment in hybrid cars.
Grouped Articles
Wall Street Journal 01/17/2014
Fuel-Efficiency Technology Gives Fiat a Boost in Bargaining to Acquire Chrysler Stake
Wall Street Journal 04/07/2009
With Gas Prices Less of a Worry, Buyers Pass Hybrid Cars By
New York Times 05/14/2015
Ford looks to lead pack in fuel eficiency.
Detroit Free Press 01/09/2010
Cars shrink under pressure from government and consumers.
Detroit News 01/09/2010
Small Engine shift signals big changes for buyers.
Detroit News 01/09/2010
Chrysler performance- 2009-2014
01/12/2009
Grouped Articles
Last Car Plant Brings Detroit Hope and Cash
New York Times 07/15/2013
Chrysler Posts $172 Million Loss Amid Sluggish Sales
Wall Street Journal 08/09/2010
Chrysler Reports a Loss On Acquisition Charges
New York Times 05/12/2014
Robust Sales of Jeeps and Rams Lead Big Increase for Chrysler
New York Times 11/03/2014
Truck Sales Help Profit Rise 32% at Chrysler
New York Times 11/05/2014
Wall Street Journal 07/27/2011
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us