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    • Ford posts $8.67 billion loss, looks to small cars - Autos- msnbc.com

      Posted by Jeff from MSNBC

      Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles. The net loss includes $8.03 billion worth of write-offs because of a decline in value of North American assets and Ford Motor Credit Co.'s lease portfolio

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    • Detroit Says Gas Likely To Remain at $3-$4/Gallon

      Posted by Jon from New York Times

      "The Chrysler Group, which depends more heavily on sales of pickup trucks and sport utility vehicles than any other Detroit automaker, said Monday that it expected gasoline prices to remain at $3 to $4 a gallon for the rest of this decade." In other news, Detroit admits sun likely to rise again tomorrow.

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    Jeff

    Member since Sep 2008

    Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.

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