Articles by Brett LoGiurato

  • Feb. New Car Sales: Chrysler Up 40%, GM Tops ExpectationsFeb. New Car Sales: Chrysler Up 40%, GM Tops Expectations

    March 01 2012 11:11 AM

    New car sales grew at a better than expected pace, continuing automakers' steady revival in 2011 and the early months of 2012 and forcing many analysts to revise year-long sales forecasts above a benchmark 14 million mark.

  • Life-Saving Rearview Camera Regulations Delayed Again by U.S.Life-Saving Rearview Camera Regulations Delayed Again by U.S.

    February 29 2012 6:28 PM

    The National Highway Traffic Safety Administration has again delayed a regulation, failing to meet a deadline to present a bill to Congress.

  • GM, Peugeot Deal: JV Aims to Restore Sagging Euro OperationsGM, Peugeot Deal: JV Aims to Restore Sagging Euro Operations

    February 29 2012 2:52 PM

    General Motors Co. said Wednesday that the company has entered into a long-term and broad-scale alliance with French automaker PSA Peugeot Citreon to share vehicle platforms, components and modules and jointly purchase goods and services from suppliers. As part of the agreement, GM will purchase a 7 percent stake in Peugeot.

  • Why High Gasoline Prices Won't Cut New Car SalesWhy High Gasoline Prices Won't Cut New Car Sales

    February 29 2012 12:41 PM

    Rising gasoline prices will not threaten soaring new car sales that have the auto industry on pace for an even more impressive recovery year than originally expected, analysts say.

  • New Car Sales To Soar in Feb: 14 Million Mark Looks LikelyNew Car Sales To Soar in Feb: 14 Million Mark Looks Likely

    February 29 2012 8:12 AM

    Automakers will report nearly 1.09 million new cars in February on Thursday, according to two industry forecasts, continuing the ongoing revival of the industry as sales jumped nearly 6 percent from February 2011 and an eye-popping 20 percent from January. That would equal a seasonally adjusted annual rate (SAAR) above 14 million units -- the highest level since early 2008.

  • Obama Hits Romney on Auto Bailout, Again, on Michigan Primary DayObama Hits Romney on Auto Bailout, Again, on Michigan Primary Day

    February 28 2012 4:43 PM

    President Barack Obama on Tuesday hit Republican presidential challengers hard during a speech at the United Auto Workers conference in Washington, most notably lashing out at former Massachusetts Gov. Mitt Romney for his views on the auto bailout.

  • Ireland Will Hold Referendum on European Fiscal TreatyIreland Will Hold Referendum on European Fiscal Treaty

    February 28 2012 1:57 PM

    Ireland will hold a referendum of its people on the European Union's new fiscal treaty, the first poll test of public opinion on the anticipated tighter budget discipline in the 17-country euro zone.

  • Chrysler Expands Mopar Service Arm Into Argentina, BrazilChrysler Expands Mopar Service Arm Into Argentina, Brazil

    February 27 2012 5:18 PM

    Seventy-five years ago, Mopar began as a name for an antifreeze product. That antifreeze brand has grown into the global automobile parts and service arm of Chrysler Group LLC, and its latest announcement further expands its global footprint.

  • Nissan Recall: Nearly 80,000 Vehicles Probed to Fix Potential Gas LeaksNissan Recall: Nearly 80,000 Vehicles Probed to Fix Potential Gas Leaks

    February 27 2012 11:06 AM

    Nissan Motor Co. is recalling nearly 80,000 vehicles in the United States to address gasoline leaks, the company said in documents filed with the U.S. National Highway Traffic Safety Administration.

  • Mitt Romney's Cadillac Gaffe Draws More Scrutiny of his WealthMitt Romney's Cadillac Gaffe Draws More Scrutiny of his Wealth

    February 24 2012 6:15 PM

    First, Mitt Romney gaffed in admitting he was not worried about the very poor. Then, he admitted he only paid about a 15 percent tax rate. Now, his ad-libbing in Detroit led him to a flub about his wife Ann's Cadillacs.

  • Auto Bailout Head on Romney: 'Dead Wrong,' Delusional, InconsistentAuto Bailout Head on Romney: 'Dead Wrong,' Delusional, Inconsistent

    February 24 2012 4:30 PM

    Some descriptions of Mitt Romney's auto bailout position from former Obama car czar Steven Rattner: dead wrong, utter fantasy, has delusions, and hasn't felt a need to be consistent.

  • G-20 Finance Ministers to Address Europe Debt Crisis, IMF FundingG-20 Finance Ministers to Address Europe Debt Crisis, IMF Funding

    February 24 2012 2:12 PM

    Finance ministers and central bank chiefs from the Group of 20 countries will meet this weekend in Mexico City to tackle the euro zone's debt crisis and the prospect of replenishing the International Monetary Fund.

  • Chevy Volt: Coming to a California HOV Carpool Lane Near You Next WeekChevy Volt: Coming to a California HOV Carpool Lane Near You Next Week

    February 23 2012 6:00 PM

    General Motors Co. said Thursday it has begun shipping low-emission Chevrolet Volt models to California that qualify for a $1,500 state rebate and allow drivers to travel in the state's carpool lanes.

  • Auto Bailout Sparks Discussion at GOP DebateAuto Bailout Sparks Discussion at GOP Debate

    February 23 2012 2:14 PM

    Republican presidential candidates revved up discussion Wednesday night of the 2008 and 2009 auto bailouts of General Motors Co. and Chrysler Group LLC during the 20th, and perhaps final, Republican debate in Arizona.

  • Geely, GB Auto Partner to Sell in Egypt as China Economy SlowsGeely, GB Auto Partner to Sell in Egypt as China Economy Slows

    February 23 2012 12:00 PM

    Geely Holdings Group Co. said Wednesday it will assemble cars for sale this year in Egypt and North Africa, a move that signals a shift to emerging markets as China's economy slows and auto makers face mounting competition in Western markets.

  • Pro-Obama Group Blasts Romney in Ad Over Auto Bailout Stand [VIDEO]Pro-Obama Group Blasts Romney in Ad Over Auto Bailout Stand [VIDEO]

    February 22 2012 1:18 PM

    A super PAC supporting President Barack Obama in his re-election campaign released its first ad Wednesday, blasting Republican Mitt Romney for his opposition to the program of government loans to rescue General Motors and Chrysler.

  • GM Fires Back at Gingrich's Gun Rack Criticism, Calling it a Cheap ShotGM Fires Back at Gingrich's Gun Rack Criticism, Calling it a Cheap Shot

    February 22 2012 10:52 AM

    In this election season, the auto industry is one big political football. General Motors Co., however, wants to get out of that mix. So when Newt Gingrich attacked GM's Chevrolet Volt as an Obama car in a stump speech last weekend because you can't put a gun rack in it, GM fired back on Tuesday.

  • Gas Prices Rising in 2012: Can the Government Do Anything to Stop the Increase?Gas Prices Rising in 2012: Can the Government Do Anything to Stop the Increase?

    February 22 2012 8:44 AM

    What can stop the progression toward $5 gas?

  • Euro Zone Recession More Likely After Business Activity SlipsEuro Zone Recession More Likely After Business Activity Slips

    February 22 2012 8:37 AM

    Euro zone private sector business activity shrunk in February, an unexpected turn that has renewed old fears and prompted new concerns of a recession in the region's economy while it lags through a debt crisis.

  • MSG Network Ratings: Jeremy Lin Drives Highest Ratings EverMSG Network Ratings: Jeremy Lin Drives Highest Ratings Ever

    February 21 2012 5:13 PM

    What a difference 2.8 million customers -- and one point guard -- can make. Madison Square Garden Co. said Tuesday that despite the first two losses of the Jeremy Lin era, the last two New York Knicks telecasts on the MSG network are its highest-rated regular-season events ever. The boost in ratings coincides with MSG resolving its carriage dispute with Time Warner Cable last Friday, in time for the Knicks' Friday night game against the Hornets to be broadcast.