The falling dollar has resulted in an alarming trend for car makers. Merecedes Benz USA and Audi of America Inc have expressed concerns over an increasing number of cars reserved for sale in America, being bought by overseas customers, who then export it to their home location. This has resulted in a tremendous cost advantage [...]
In its on going dispute with tooling supplier Plastech Engineered Products Inc, Chrysler has been backed by Ford Motor Co, General Motors Corp. and Johnson Controls Inc. This was stated by the lawyers of the three supporting firms at the U.S. Bankruptcy court.
Chrysler has stated in court that Plastech has had significant financial and operational [...]
General Motors has reported an annual loss of $ 38.7 billion at the end of 2007, which was largely due to write down tax credits, in the third quarter, that were expected to retire unused. General Motors has offered voluntary buy outs to all 74,000 members of its union represented US workforce. This would enable [...]
Dwindling sales of Ford’s Mercury division have dealers worrying about its future. The Mercury division of Ford motors is the mid level brand between Ford automobiles, which constitute a large share of sales, and the higher end luxury Lincoln vehicles.
In an attempt to stabilize the Ford brand in US markets Ford plans to concentrate more [...]
A Dealer Meeting held last week for the Buick Pontiac and GMC dealers has revealed plans to launch 12 special edition cars over the next 20 months. Pontiac is currently in the process of returning to General Motor’s performance division with the imminent launch of the G8, but its future is still under dispute due [...]
Ford has announced two recalls which will affect nearly 180,000 light trucks, SUVs and vans. The recall is meant to fix faulty door handles and fuel lines. The larger of the two recalls will affect nearly 124,000 Ford Expedition and Lincoln Navigator SUVs from the 2007-2008 model years. The spring located in the inside door [...]
One of the things to look forward to at this year’s Geneva Motor Car show, to be held next month, is the display of the three-door version of the Chevrolet Aveo. Essentially modeled on the five-door Chevrolet Aveo, the three door version is set to hit European shores from June 2008. The three door [...]
Mazda is about to launch a new three-door version of its eagerly awaited 2 supermini at the upcoming Geneva motor show. The show to be held in March will witness the launch of this critically acclaimed offering from Mazda. The new body style is aimed at attracting a more dynamic, younger customer base largely in [...]
Ford has plans to woo buyers at this week’s Chicago auto car show with it’s Euro- styled Transit Connect Vans. This car show is aimed primarily at the commercial workhorse cars that primarily include trucks, vans and SUVs. The Transit connect Van is already doing swift business in parts of Europe and is slated [...]
The very first Desert Classic Concours d’Elegance to be held in Palm Springs, California is sure to attract a sizeable crowd. And the simple reason to visit this new car show is the appearance by the first race car built by Ferrari. The legend will make its appearance after 20 long years. The Ferrari chassis [...]