Worldfocus » automotive industry http://worldfocus.org International News, Videos and Blogs Fri, 20 Nov 2009 23:46:51 +0000 http://wordpress.org/?v=2.6 en Canada avoids bank bailout, but feels U.S. financial woes http://worldfocus.org/blog/2009/10/14/canada-avoids-bank-bailout-but-feels-us-financial-woes/7779/ http://worldfocus.org/blog/2009/10/14/canada-avoids-bank-bailout-but-feels-us-financial-woes/7779/#comments Wed, 14 Oct 2009 20:45:42 +0000 Worldfocus http://worldfocus.org/?p=7779 The prudent stewardship of Canadian banks in avoiding risky loans meant that they never required a government bailout. But the U.S.’s economic woes are spilling across the border and affecting Canadian big business. Canadians are blaming their own government and clamoring for help.

Correspondent Martin Himel reports from Canada.

(View full post to see video) The prudent stewardship of Canadian banks in avoiding risky loans meant that they never required a government bailout. But the U.S.’s economic woes are spilling across the border and affecting Canadian big business. Canadians are blaming their own government and clamoring for help. http://worldfocus.org/files/2009/10/th_canada_sig_banking.jpg http://worldfocus.org/files/2009/10/th_canada_sig_banking.jpg ]]> http://worldfocus.org/blog/2009/10/14/canada-avoids-bank-bailout-but-feels-us-financial-woes/7779/feed/ Chrysler goes bankrupt and partners with Italy’s Fiat http://worldfocus.org/blog/2009/05/01/chrysler-goes-bankrupt-and-partners-with-italys-fiat/5246/ http://worldfocus.org/blog/2009/05/01/chrysler-goes-bankrupt-and-partners-with-italys-fiat/5246/#comments Fri, 01 May 2009 18:31:28 +0000 Worldfocus http://worldfocus.org/?p=5246 American car company Chrysler’s announcement of bankrupty and a new partnership with Italian manufacturer Fiat arrived before an anticipated closing of plants and continued challenges. 

Roben Farzad of BusinessWeek discusses the future for the American and foreign automotive industries in the context of these developments.

Roben Farzad of BusinessWeek discusses the implications of Chrysler’s bankruptcy and its partnership with Italian manufacturer Fiat. http://worldfocus.org/files/2009/05/th_chrysler_farzad.jpg http://worldfocus.org/files/2009/05/th_chrysler_farzad.jpg ]]> http://worldfocus.org/blog/2009/05/01/chrysler-goes-bankrupt-and-partners-with-italys-fiat/5246/feed/ Bush gives U.S. automakers time and money http://worldfocus.org/blog/2008/12/22/bush-gives-us-automakers-time-and-money/3348/ http://worldfocus.org/blog/2008/12/22/bush-gives-us-automakers-time-and-money/3348/#comments Mon, 22 Dec 2008 23:29:16 +0000 Worldfocus http://worldfocus.org/?p=3348 President Bush’s $13.4 billion loan gives the automotive industry three months to work out restructuring plans, a challenging task as Japanese automaker Toyota announces its first losses in 70 years of operation and car dealers deal with plummeting sales.

Roben Farzad, a senior writer at BusinessWeek, outlines the American automobile industry’s 2009 prospects and discusses the effect of falling gas prices.

Roben Farzad, a senior writer at BusinessWeek, outlines the American automobile industry’s 2009 prospects and discusses the effect of falling gas prices. /files/2008/12/th_intv_farzad.jpg /files/2008/12/th_intv_farzad.jpg ]]> http://worldfocus.org/blog/2008/12/22/bush-gives-us-automakers-time-and-money/3348/feed/ Foreign automakers play a role in bailout dispute http://worldfocus.org/blog/2008/12/12/foreign-automakers-play-a-role-in-bailout-dispute/3227/ http://worldfocus.org/blog/2008/12/12/foreign-automakers-play-a-role-in-bailout-dispute/3227/#comments Fri, 12 Dec 2008 18:23:43 +0000 Worldfocus http://worldfocus.org/?p=3227 The U.S. Senate voted down a $14 billion bailout package for automakers.

The United Automobile Workers union and members of Congress were unable to reach an agreement over wage concessions. Some members of Congress proposed that wages of U.A.W. members be lowered to compete with those of workers at non-union U.S. plants run by foreign automakers like Toyota or Honda.

Following news of the rejection, stocks fell in Europe and Asia.

Roben Farzad, a senior writer and columnist for BusinessWeek magazine, joins Martin Savidge to discuss the future of General Motors, Ford and Chrysler and how overseas auto manufacturers are benefiting from the confusion surrounding these automakers. He also explores wage rates for workers and the role of foreign automakers in the rejection of the bailout package.

Roben Farzad of BusinessWeek magazine discusses the defeat of the U.S. auto bailout package and the impact on foreign automakers. /files/2008/12/th_world_autofarzad1212.jpg /files/2008/12/th_world_autofarzad1212.jpg ]]> http://worldfocus.org/blog/2008/12/12/foreign-automakers-play-a-role-in-bailout-dispute/3227/feed/ U.S. and China urge against protectionism http://worldfocus.org/blog/2008/12/10/us-and-china-urge-against-protectionism/3182/ http://worldfocus.org/blog/2008/12/10/us-and-china-urge-against-protectionism/3182/#comments Wed, 10 Dec 2008 17:04:20 +0000 Worldfocus http://worldfocus.org/?p=3182 The Congressional bailout of the American auto industry may be at odds with longstanding U.S. foreign policy. The U.S. has urged the world to resist protectionism. But now that the U.S. is engaging in protectionism of its own, foreign policy may be influenced.

Bruce Kogut, a professor at Columbia University’s Graduate School of Business, discusses whether or not protectionism will ultimately hurt the American automotive industry if foreign automakers tax imported American cars.

Bruce Kogut, a professor at Columbia University’s Graduate School of Business, discusses how the Congressional auto bailout could ultimately hurt the American automotive industry. /files/2008/12/th_auto_kogut.jpg /files/2008/12/th_auto_kogut.jpg ]]> http://worldfocus.org/blog/2008/12/10/us-and-china-urge-against-protectionism/3182/feed/ World’s automotive industry struggles to survive http://worldfocus.org/blog/2008/12/08/worlds-automotive-industry-struggles-to-survive/3147/ http://worldfocus.org/blog/2008/12/08/worlds-automotive-industry-struggles-to-survive/3147/#comments Mon, 08 Dec 2008 20:50:52 +0000 Worldfocus http://worldfocus.org/?p=3147 The problem of falling car sales resonates far beyond the U.S. and Germany. For example, Japan’s Nissan is down 44 percent.

Analyst Maryann Keller speaks with Martin Savidge about the developing situation worldwide and considers the options for the U.S. auto industry.

Analyst Maryann Keller speaks about falling car sales worldwide and considers the options for the U.S. auto industry. /files/2008/12/th_auto_keller.jpg /files/2008/12/th_auto_keller.jpg ]]> http://worldfocus.org/blog/2008/12/08/worlds-automotive-industry-struggles-to-survive/3147/feed/ U.S. auto industry distress ripples abroad http://worldfocus.org/blog/2008/12/04/us-auto-industry-distress-ripples-abroad/3082/ http://worldfocus.org/blog/2008/12/04/us-auto-industry-distress-ripples-abroad/3082/#comments Thu, 04 Dec 2008 20:03:27 +0000 Worldfocus http://worldfocus.org/?p=3082 Executives of General Motors, Ford and Chrysler are visiting Congress this week to request $34 billion in loans from the U.S. government. This request takes place as France announces its $33 billion economic stimulus plan.

International finance expert Roben Farzad of BusinessWeek evaluates these plans and considers the future of the American automotive industry.

International finance expert Roben Farzad of BusinessWeek considers the future of the American automotive industry. /files/2008/12/th_auto_farzad.jpg /files/2008/12/th_auto_farzad.jpg ]]> http://worldfocus.org/blog/2008/12/04/us-auto-industry-distress-ripples-abroad/3082/feed/ Auto industry turmoil spreads overseas http://worldfocus.org/blog/2008/11/18/auto-industry-turmoil-spreads-overseas/2755/ http://worldfocus.org/blog/2008/11/18/auto-industry-turmoil-spreads-overseas/2755/#comments Tue, 18 Nov 2008 21:01:06 +0000 Worldfocus http://worldfocus.org/?p=2755 Ford announced Tuesday that it will raise money by cutting its stake in Mazda Motor Corporation as the automotive industry suffers from the global financial crisis.

Joseph Foudy, a global economics professor at New York University, discusses the automotive industry’s turmoil and the role of the “Big Three” automotive companies – General Motors, Ford and Chrysler – in the American and global economies.


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Joseph Foudy, a global economics professor at New York University, discusses Ford’s cut of its stakes in Japan’s Mazda. /files/2008/11/th_economy_foudy.jpg /files/2008/11/th_economy_foudy.jpg ]]> http://worldfocus.org/blog/2008/11/18/auto-industry-turmoil-spreads-overseas/2755/feed/