Automotive News for May 2009

Automotive News Archive

U.S. Industrial Production Fell by 0.5% in April

The nation's industrial production fell 0.5% in April—the smallest amount in six months. Analysts believe this provides fresh evidence that the pace of the economy's decline is slowing.

U.S. Auto Sales Continue Downward Slide

Auto sales in the U.S. continued on their downhill roll as most manufacturers reported high, double-digit sales decreases. Industry analysts see the trend in this key bellwether economic sector as further evidence of a deepening recession.

Chrysler, at Obama Administration’s Prodding, Files for Bankruptcy Protection Chrysler, at Obama Administration’s Prodding, Files for Bankruptcy Protection

Weeks after the Obama Administration facilitated the ouster of former General Motors chairman and CEO Rick Wagoneer as it pressed the company to construct a roadmap to return to profitability, the government-appointed Automotive Task Force has affected another development impacting the industry: Chrysler has essentially been forced into bankruptcy protection with the goal of sealing an alliance with Italian automaker Fiat.