Posted in Automotive on Jul 1st, 2009
If GM’s bankruptcy isn’t finished by July 10, the U.S. Treasury Department could stop financing the restructuring. Fritz Henderson, President and CEO of General Motors, testified on Tuesday that if the sale of GM’s good assets to a new company isn’t approved by the U.S. Bankruptcy Court in time, the government could force a liquidation […]
Posted in Automotive on Jul 1st, 2009
GM has extended its “72 Hour Sale” to July 6. The incentive, which offers 0% financing for 72 months on most new car loans, was originally set to expire on July 30, according to Jalopnik. This gives consumers an extra week to take advantage of a great deal. In the past, 0% interest car loan […]
Posted in Automotive on Jun 29th, 2009
Eager to speed up its bankruptcy proceedings, GM has agreed to take responsibility for any future injuries or deaths that result from faulty cars and trucks it sold before bankruptcy, according to the Associated Press. GM had originally planned to follow Chrysler’s lead and include any potential liability for defective vehicles sold before its bankruptcy […]
Posted in Automotive on Jun 29th, 2009
Papa John set out a month ago on a road trip/publicity stunt to find the 1972 Camaro Z28 he sold to start the business back in the 80s. Originally Papa John offered $25,000 for his long lost Camaro, but apparently the search hasn’t been going as well as he’d hoped (or, if you’re a cynic, […]
Posted in Automotive on Jun 25th, 2009
GMAC, which gives car loans to most Chrysler dealers for their inventory, has suspended financing to about 80 dealers. Left Lane News is reporting that GMAC will give the suspended dealers 30 days to get their finances in shape or be permanently cut off from GMAC’s car loans in the future. Chrysler dealers unable […]
Posted in Automotive on Jun 25th, 2009
Conan O’Brien is very open about the ongoing love affair he has with his Ford Taurus SHO. While the SHO is a pretty cool car, when you factor in the obvious handicap of being built out of a Ford Taurus (more like SNOREus, am I right?), Conan has really stepped up his game since he […]
Posted in Automotive on Jun 24th, 2009
It’s no secret that new car sales are slow right now. Automakers and dealerships are offering unheard of incentives. Buy one get one free cars, 0% interest car loans, and huge price cuts are the norm, and you’d be crazy to buy most cars for anything more than a few thousand off the asking price. […]
Posted in Automotive, Ford, Muscle Cars on Jun 23rd, 2009
In the 60s, the original Ford Mustang was available in three different body styles, coupe, convertible and fastback. The fastback body style featured a sloping rear end, unlike the coupe with it’s near vertical rear window. Fastback Mustangs were popular, and Ford used the body style for the Boss, Mach 1 and Shelby editions of […]
Posted in Automotive, Bankruptcy, Chrysler, Cost of Ownership, GM, Recalls, Safety on Jun 23rd, 2009
A report by Safety Research and Strategies says that more than 3,400 Americans will be injured or killed by defective GM and Chrysler products in the first year after bankruptcy. Since Chrysler and most likely GM won’t be held liable for any defects on vehicles sold before their bankruptcies, all those people will have nobody […]
Posted in Automotive on Jun 19th, 2009
Mahindra, an Indian carmaker that plans to sell a small truck and SUV in the U.S. soon, is planning to use dealerships that have been cut by Chrysler and GM to sell its vehicles. Mahindra is looking to set up 300 dealerships nation wide. Mahindra’s Web Site says it will begin selling its two and […]
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