by Joseph Szczesny | Aug 10, 2009
GMAC Financial Services Incorporated is prepared to underwrite leases on new General Motors vehicles for the first time in more than a year. However, it’s not yet prepared to underwrite leases on vehicles sold by Chrysler dealers, GMAC officials confirmed....
by Paul A. Eisenstein | Aug 10, 2009
Sometimes you just have to look the other way – quite literally, in the case of the 2010 Mini Cooper S Convertible. It’s been perfect weather for driving al fresco, in Detroit, these last few days. The cool, spring-like rains have finally yielded to the...
by Ken Zino | Aug 10, 2009
U.S. tire shipments are projected to drop by approximately 16% in 2009, mostly as a result of a nearly 45% decline in Original Equipment Manufacturer (OEM) passenger tires and almost 43% drop in OEM Commercial truck tires, according to the latest numbers from the...
by Jim McCraw | Aug 10, 2009
Leaf through the record books of the American Le Mans Series (ALMS) sports car races, and you will find that it is not Audi or Porsche or Ferrari or BMW or Mercedes-Benz that holds most of the significant racing records. Not by a long shot. That honor belongs to the...
by Ken Zino | Aug 10, 2009
Late Friday in an SEC filing, General Motors Company said that it will make its initial public offering of stock by July 10 of next year, or one year after its emergence from bankruptcy protection by a Federal Court in New York. In the interim CEO Fritz Henderson is...
by Ken Zino | Aug 10, 2009
When General Motors CEO Fritz Henderson said that online shopping was coming during a press conference last month, it was before the details were agreed with eBay. Now they have been resolved and couple of hundred participating California Chevrolet, Buick, GMC and...
by Ken Zino | Aug 9, 2009
An existing safety recall of the driver’s side airbag in 2001 Honda Accord and Civic models is now being expanded to include more vehicles from American Honda Motor Company. The failure is a defect in the airbag’s inflation system that, potentially, could...
by Ken Zino | Aug 7, 2009
The EPA made public this morning an independent review of how it should calculate the life-cycle effects of renewable fuels on air pollution. Normally this would be an arcane economic debate over methodologies, time periods, and at what rate to calculate/discount the...
by Ken Zino | Aug 7, 2009
Magna International Inc. (TSX: MG.A; NYSE: MGA) today reported that it lost U.S. $205 million in the second quarter and $467 million in the first half of 2009 as sales to major automaker clients plummeted. The Canadian-based conglomerate, with 71,000 employees in 247...
by Marty Bernstein | Aug 7, 2009
Toyota News Release Shakes Advertising World It seemed innocuous enough, the headline “TMC to Establish Two Marketing Companies” did not seem to portend eminent disaster or predict doom when the release was downloaded and casually reviewed late Wednesday...
by Paul A. Eisenstein | Aug 7, 2009
There’ll be some big news from Porsche, next month, at the Frankfurt Motor Show. But we’ve gotten a first look at the 2010 Porsche 911 Turbo – which will be offered in both Coupe and Cabriolet trim – and want to share it with our readers. The...
by Paul A. Eisenstein | Aug 7, 2009
The Senate has approved another $2 billion to replenish the unexpectedly popular Cash-for-Clunkers auto incentive program, which has helped spur strong demand in an otherwise moribund American auto market. The vote, late Thursday, mirrored action taken by the U.S....
