Posted in Automotive on Jun 12th, 2009
Car buyers in states without sales tax are now eligible for the tax rebate on new car purchases. The Internal Revenue Service and Treasury Department decided this week that new car buyers in states without sales tax will be able to use the tax break granted under the American Recovery and Reinvestment Act of 2009. […]
Posted in Automotive on Jun 11th, 2009
Volkswagen announced this week that the 2010 Routan will be available with in-car WiFi, allowing passengers (or very talented drivers) the ability to use a laptop or portable gaming system from inside the minivan. Volkswagen says that 600 dealers nationwide will be able to install Uconnect web, powered by Autonet Mobile. Monthly subscriptions start at […]
Posted in Automotive on Jun 11th, 2009
Interest rates for new car loans granted by auto finance companies hit a record low in March, with an average percentage rate of 2.74, but rose in April to 2.79%, according to SubPrime News. The increase in new car loan interest rates was small from March to April, but may be an indication of future trends. […]
Posted in Automotive on Jun 10th, 2009
You probably already know that GM is planning to phase out the Pontiac brand in order to focus on its core brands (Chevrolet, GMC, Buick and Cadillac). The phasing has begun, and the only Pontiac available for the 2010 model year will be the Vibe, according to GM’s 2010 ordering guide. They made a movie […]
Posted in Automotive on Jun 10th, 2009
Last night, the Supreme Court ended the delay of Chrysler’s sale to Fiat, overruling the objections made on Friday by several of Chrysler’s debtors. Two of the State of Indiana’s Pension funds, as well as consumer advocacy groups and several individuals with pending lawsuits against Chrysler fought to delay the sale to have their arguments […]
Posted in Automotive on Jun 9th, 2009
Despite going through bankruptcy, General Motors is still constantly making progress toward a greener future. GM opened a high-tech battery lab that will develop batteries for the plug-in hybrid Chevy Volt in Warren, Mich. earlier this week, according to Left Lane News. While the Global Battery Systems Lab will work primarily on speeding up production […]
Posted in Automotive on Jun 9th, 2009
Carmakers have to find a delicate balance between fuel economy, safety and performance in order to make a successful car. Safety and fuel economy are mandated by the government, and the requirements for both get more demanding every year. With the upcoming change in CAFÉ standards, which will make California’s fuel economy standards the rule […]
Posted in Automotive on Jun 8th, 2009
The sale of Chrysler’s assets to a group consisting of Fiat, the U.S. government, and the UAW healthcare trust has been put on hold by Supreme Court Justice Ruth Bader Ginsburg. According to the Associated Press, Justice Ginsburg ordered the sale “stayed pending further order.” Ginsburg’s delay of the Chrysler sale means that the Supreme […]
Posted in Automotive on Jun 8th, 2009
Tata, the Indian company that recently released the world’s least expensive car, has plans to bring the Nano to the U.S. According to Financial Times and Jalopnik, Tata plans to import the Nano to the United States in the 2011 or 2012 calendar year. Tata believes that with the U.S. economy in rough shape, car […]
Posted in Automotive on Jun 5th, 2009
The U.S. Court of Appeals for the Second Circuit in New York City has agreed to hear the State of Indiana’s objections to Chrysler’s bankruptcy proceedings, according to The Detroit Bureau. The State of Indiana believes that the quick bankruptcy many believe is essential to Chrysler’s future viability is leaving secured lenders like itself with […]
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