Posted in Automotive, Chrysler, Financing, Ford, GM on Aug 6th, 2008
Experts say that the Big Three might be forced to file for bankruptcy, while the automakers adamantly argue they have enough money and bankruptcy is not an option. So which is it? Everyone knows that GM, Ford and Chrysler are losing money and sales are down big time. All three companies have recently cut staff […]
Posted in Automotive, Financing, Ford, GM, Leasing on Jul 29th, 2008
Ford informed its dealers that it is raising the price on leases of its most profitable trucks and SUVs due to the “extreme losses” its lending arm is taking on these vehicles, reports the Wall Street Journal. Also, GMAC LLC, which is minority-owned by General Motors Corp., has decided to stop leasing to consumers who […]
Posted in Automotive, Ford, Muscle Cars, Sports cars on Jul 25th, 2008
The 2010 Ford Mustang will make its official debut in mid-November at the 2008 Los Angeles Auto Show. A Ford source close to the project confirmed that the 2010 Mustang will in fact be unveiled in Los Angeles. The new pony car was originally expected to debut in it’s home town of Detroit. While Ford […]
Posted in Automotive, Ford on Jul 24th, 2008
Ford said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles, reports the AP and Fox News. The company said that $8.03 billion of the loss was write-offs due to a decline in value of North American assets and […]
Posted in Automotive, Ford, Trucks on Jul 20th, 2008
That’s right folks, now a torque-rich, fuel efficient turbo-diesel will be available in Ford’s popular F-150 pickup truck. In the olden days you needed to step up to one of the bigger trucks in Ford’s lineup just to be able to opt for a diesel engine. Anything below a F-250 was a no go for […]
Posted in Automotive, Ford, Trucks on Jul 20th, 2008
Member’s from Ford’s engineering team recently were spotted testing a prototype of a version of the F-150 pickup truck rumored to have not existed. Code named the “Raptor”, this version of the popular Ford truck will be built with off-road enthusiasts in mind first. The truck is equipped with upgraded suspension and chassis bits, new […]
Posted in Ford, Uncategorized on Jul 12th, 2008
In a move that has surprised many folks in the auto industry, Ford Motor Co. has made the announcement that they are suing the United States government. The company is alleging the IRS owes the automaker $445.3 million(!) in interest on tax overpayments. The lawsuit, filed in U.S. District Court in Detroit on Thursday, follows […]
Posted in Automotive, Ford on Jul 11th, 2008
Ford filed a lawsuit Thursday against the Internal Revenue Service, claiming it owes them nearly half a billion dollars in interest payments on overpaid taxes, reports the Detroit News. Ford’s lawsuit claims the IRS owes them $445 million in interest payments on corporate taxes the automaker overpaid between 1983 and 1989 and between 1992 and […]
Posted in Automotive, car buying incentives, Chrysler, Financing, Ford, GM on Jul 7th, 2008
The Detroit Big Three are extending sales and promotions, increasing rebates and offering low or no interest financing to get car shoppers in the doors of their dealerships in the hopes of selling their vehicles. All three are suffering in the sales department and are hoping that recent incentives will help. Last week, Chrysler extended […]
Posted in Automotive, Ford, Future Cars, Uncategorized on Jul 4th, 2008
Ford Motor Co. has announced that they will start production of the new Mondeo in it’s Russian plant come September. According to some local dealers, producing the Mondeo locally will reduce time spent on logistics and bring down the retail price by 7 percent. “We will launch Mondeo in September this year. We don’t have […]
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