For a place called Motor City, Detroit in 2009 saw some significant chunks of automotive business disappear: an estimated $500 million to $1 billion in ad dollars were sucked out of the market and hundreds of agency staffers were left without jobs.
Tags: 1 Billion, Auto Advertising, Auto advertising accounts, Chunks, Detroit, Jobs, Staffers, USD
General Motors Co. CEO Ed Whitacre said GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and the province of Ontario.
Tags: 1 Billion, 192, Canada, Canada General, Canada General Motors Co., Canada Province, Ceo, Ed Whitacre, General Motors, Gm, Governments Of Canada, Ontario, Province Of Ontario, U S Treasury, U.S. Treasury, United States, USD
General Motors Co. CEO Ed Whitacre said GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and the province of Ontario.
Tags: 1 Billion, 192, Canada, Ceo, Debt Payments, Ed Whitacre, General Motors, Gm, Governments Of Canada, Ontario, Province Of Ontario, U S Treasury, U.S. General Motors Co., U.S. Treasury, USD
Ford Motor Co., which posted a nearly $1 billion third-quarter profit that surprised Wall Street analysts, will reinstate merit pay increases for U.S. salaried workers in 2010, a spokeswoman said.
Tags: 1 Billion, Ford, Ford Motor, Ford Motor Co., Merit Pay, Quarter Profit, Salaried Workers, Spokeswoman, United States, USD, Wall Street, Wall Street Analysts
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.
Tags: 1 Billion, Bid, Carmaker, China, China Banks, Chinese Banks, Finance, Ford, Ford Motor, Ford Motor Co., Geely, Loans, Preferred Bidder, Taps, USD, Volvo
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.
Tags: 1 Billion, Bid, Carmaker, China, China Banks, Chinese Banks, Finance, Ford, Ford Motor, Ford Motor Co., Geely, Loans, Preferred Bidder, Taps, USD, Volvo
A massive writedown led to a 1 billion euro ($1.48 billion) third-quarter net loss at Continental, but the supplier predicted a significant year-on-year improvement for the final three months.
Tags: 1 Billion, Continental, EUR, Euro 1, Final Three Months, Led, Q3, USD
Chrysler has been out talking to media agencies on its more than $1 billion advertising account, the latest sign the automaker’s longstanding relationship with Omnicom Group has deteriorated, according to executives familiar with the matter.
Tags: 1 Billion, Automaker, Chrysler, Longstanding Relationship, Omnicom Group
Chrysler has been out talking to media agencies on its more than $1 billion advertising account, the latest sign the automaker’s longstanding relationship with Omnicom Group has deteriorated, according to executives familiar with the matter.
Tags: 1 Billion, advertising account, Automaker, Chrysler, Longstanding Relationship, media agencies, Omnicom Group, USD
Japan’s Mazda Motor Corp. said it would raise up to $1.1 billion in a share sale and invest most of the funds to develop hybrid and other technologies in what analysts says is a long-overdue bid to close the gap with rivals.
Tags: 1 Billion, Bid, Gap, hybrid and other technologies, Japan, Mazda, Mazda Motor, Mazda Motor Corp., Rivals, USD
Toyota Motor Corp. is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also planning to expand its line of hybrid models under the Prius name, The Wall Street Journal reported today.
Tags: 1 Billion, Fourth Quarter, Hybrid Models, Marketing Campaign, Prius, S Sales, the Wall Street Journal, Toyota, Toyota Motor, Toyota Motor Corp, United States, USD, Wall Street, Wall Street Journal
Fiat S.p.A.’s purchasing division plans to source $1 billion of parts from India in 2010, a senior executive said on Thursday. That is up from a planned $400 million to $500 million of components sourced from India this year, he said.
Tags: 1 Billion, 2010 Fiat S.p.A., Fiat, Fiat Group, India, Purchasing, USD
General Motors Co. expects that the governments of Spain, Britain and Poland will provide it with 1 billion euros ($1.43 billion) in aid for its Opel unit, the Wall Street Journal reported.
Tags: 1 Billion, Britain, EUR, General Motors, General Motors Co., Gm, Governments, Opel, Poland, Spain, Spain Newspaper, the Wall Street Journal, United Kingdom, USD, Wall Street, Wall Street Journal
Even if the government injects another $2 billion into the cash-for-clunkers program, the good times for dealers won’t last, Edmunds.com says. The first $1 billion boosted the seasonally adjusted annual rate, or SAAR, to 19.
Tags: 1 Billion, Edmunds, Good Times, Saar, Sales Pace
Toyota Motor Corp. is in damage-control mode after an announcement suggesting the carmaker will bring its more than $1 billion global advertising account in-house prompted confusion at its U.S. ad agencies.
Tags: 1 Billion, Ad Agencies, advertising account, Alarms, Carmaker, Confusion, Damage Control Mode, Global Advertising, Launch, Marketing Companies, Plan Marketing, Toyota, Toyota Motor, Toyota Motor Corp, United States, USD
The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today.
Tags: 1 Billion, Dot, Ray Lahood, Rebates, Senate, Senate Acts, The Obama administration, Transportation Secretary, United States, USD
The House passed legislation to inject $2 billion into cash for clunkers after the administration reported that the $1 billion federal program was running out of money shortly after it began.
Tags: 1 Billion, Federal Program, Legislation, Money, Senate, USD
The federal “cash for guzzlers” program reached its $1 billion funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday following reports from congressional and industry…
Tags: 1 Billion, Administration Official, Avalanche, Business Administration, Business Funds, Federal Cash, Obama administration, USD
The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.
Tags: 1 Billion, Federal Cash, USD, White House
The federal cash-for-guzzlers program continues to operate this morning despite dealer reports that it was to be suspended at midnight last night because it was approaching its $1 billion limit.
Tags: 1 Billion, Federal Cash, USD, White House