Automakers face steep hurdles in 2008
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U.S. automakers, coming off a year of record concessions from labor unions, should be facing 2008 with a new lease on life as they fight Asian and European importers who now control more than half of the U.S. market.
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A new approach is needed for setting fuel-economy standards, lawmakers said Wednesday as they considered changes amid concerns about global warming and the problems of struggling U.S. automakers.
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The heads of the domestic auto industry are pressing congressional leaders to revisit a plan to increase fuel efficiency standards that automakers say could hurt their industry.
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DETROIT, Jan. 14 -- Faced with the stark choice between feeding Americans' appetite for big, powerful cars and embracing new technologies that will use less fuel and emit fewer gases, the world's automakers appear intent on having it both ways.
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Even if the auto industry reaches a breakthrough agreement with the UAW, carmakers still face a litany of problems.
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Automakers seem to be making progress in tamping down Democratic proposals for tougher fuel economy requirements.
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Weakness in manufacturing, especially the auto industry, may be damping economic prospects, but the bigger services sector appears to be more than making up for it.
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Confronted with congressional concerns about global warming, the leaders of the U.S. auto industry are highlighting their work to develop alternative vehicles and asserting that the burdens of climate change cannot fall to one industry alone.
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European carmakers sporting their latest models at the North American International Auto Show are hoping to maintain a healthy share of the coveted US market, despite a discouraging 2008 economic forecast.
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Chief executives of U.S.- based automakers were told bluntly by Democratic leaders on Wednesday to expect higher fuel standards, but the industry lobbied hard to avoid sharply higher mileage targets.
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Its latest results might be a surprise because of the challenges the company has faced this year.
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The auto parts retailer struggles through a difficult second quarter.
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European carmakers sporting their latest models at the North American International Auto Show, are hoping to maintain a healthy share of the coveted US market, despite a discouraging 2008 economic forecast.
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A shift in focus over the last year by the worldâs two largest automakers reveals how each is working on their own version of a turnaround.
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Automakers and their allies have stepped up lobbying to convince states that a proposal by California to cut tailpipe emissions sharply to fight global warming could further depress the struggling U.S. industry.
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But minor roadblocks won't stop the automaker's growth.
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As incomes rise and cheap cars proliferate, many hurdles still litter the new Indian romance with the road.