Spy Shots: Tiguan-based Audi Q3 peeped through a window
Audi Q3 spy shots – Click above for high-res image gallery
Q3
Audi confirms Q3 production - in Spain - but decision on U.S. production "postponed"
2007 Audi Cross Coupe Quattro Concept - Click above for a high-res image gallery
Is the Chrysler Group for sale?
DaimlerChrysler reported third quarter earnings today of $686 million in net profit, but its Chrysler Group division dragged down that profit margin by posting a loss of $1.47 billion, a figure that completely erased the gain of $1.24 billion made by Mercedes-Benz. During a presentation today, DaimlerChrysler CFO Bodo Uebber didn't rule out the possibility that the Chrysler Group could be sold off. While far from saying the division has a For Sale on its windshield, Uebber told reporters, "We do
GM posts a smaller Q3 loss than expected
The business world has always confounded us for being a place where one can celebrate with champagne after not posting a profit for three months, if only for the fact that you didn't lose as much money as people thought you would. Such is the case with General Motors, which today announced that it had lost "only" $115 million this quarter. Those pesky "special items" in the ledger amount to $644 million for GM and include money that's been spent to aid the reorganization of Delphi and "goodwill
GM Global down only 3 percent in Q3 sales
General Motors reported global sales of 2,296,000 vehicles in the third quarter, which is a 3-percent decline versus Q3 of last year. That's only 66,000 unit off what was sold during the same period in 2005, and the GM spinmeisters attribute the difference to the employee pricing war last year and the company's commitment to reduce rental and fleet sales this year. Aight, we can buy that, so perhaps GM really did hold its ground this year in the global market.
Chrysler increases expected Q3 loss by nearly $1 billion
The Chrysler Group is stepping in line with Ford today, which earlier announced more buyouts for Blue Oval workers, plant closings and that it won't see a profit in North America until 2009 at the earliest, to announce that it has increased the amount it expects to lose in the third quarter by almost $1 billion to a total of $1.5 billion. Citing a laundry list of reasons mirroring those that also caught Ford by surprise, including high fuel prices, lack of a competitive small vehicle lineup and
