All Entries Tagged With: "chrysler"
GM, Ford, Chrysler report jumps in September auto sales
The auto industry continued along its road to recovery from its worst year in nearly three decades as General Motors Co., Ford Motor Co. and Chrysler Group reported selling more vehicles in September than a year earlier. GM, the nation’s largest automaker, saw its new vehicle sales in the U.S. increase 12% to 173,031. Ford [...]
Ford posts best June sales performance in down market
In a month of sandbagged auto sales, Ford was the clear winner. The Blue Oval posted a sales decline of “just” 10.7 percent in June, in a market that fell nearly 27.7 percent. It was by far the best showing of any major carmaker, helped by strong sales of its Fusion sedan and Escape crossover. [...]
Chrysler to build four versions of Fiat 500 for U.S. market
Chrysler will build and sell four versions of the tiny Fiat 500 in North America starting in 2011: a hatchback, a convertible, a station wagon and a sporty hatchback. A fifth model–a small, four-wheel-drive SUV–also is possible. They will wear the Fiat brand. No longer-term plans exist for other Fiat-badged models in the U.S., the [...]
Chrysler cancels Cummins diesel for the light-duty Dodge Ram
Chrysler will cancel its contract with Cummins Inc. for the light-duty diesel engine planned for the Dodge Ram 1500 pickup. Chrysler disclosed the termination as part of a group of supplier rejections filed Wednesday in U.S. Bankruptcy Court. The engine was originally scheduled for delivery in the 2010 model year. Cummins had not expected the [...]
60,000 take up car scrappage cash
More than 60,000 orders for cars under the UK’s scrappage subsidy scheme have been placed since the initiative was announced, new government figures show. Car buyers are given a £2,000 discount on a new car if they scrap one that is at least 10 years old. Business Secretary Lord Mandelson said the scheme had given [...]
New Chrysler Shielded from Old Product Liability
Chrysler’s bankruptcy will leave lots of people empty-handed. Among them are accident claimants who seek compensation when a faulty Chrysler vehicle causes injury or death. Under terms approved on June 1 by U.S. Bankruptcy Court Judge Arthur J. Gonzalez, the “new” Chrysler emerging from bankruptcy won’t be liable for product defect claims involving any cars [...]
Chrysler blew prebankruptcy chance to sell Viper, buyer says
Michigan businessman Scott Devon was surprised to learn that no one was interested in buying Chrysler’s Dodge Viper business. That’s because he has made several offers to buy Viper since Chrysler put its marquee sports-car marque on the block last summer. Devon is CEO of Cole’s Foods, a Michigan-based frozen-baked-goods company with $100 million in [...]
Chrysler poised to close sale, exit Chapter 11
NEW YORK – Chrysler was a step closer to emerging from bankruptcy protection Wednesday, a day after opponents of the automaker’s planned partnership with Italy’s Fiat exhausted their appeals in an effort to halt the Obama administration-backed sale. Late on Tuesday, the Supreme Court cleared the way for the sale of the bulk of Chrysler [...]
Last-Minute Hold for Chrysler-Fiat Deal
The U.S. Supreme Court on Monday postponed a decision on whether to hear a court case brought by three Indiana pension funds challenging the legality of the government-assisted reorganization of Chrysler and planned sale of the company’s best assets to Italian automaker Fiat. A decision to halt the sale could have the effect of blocking [...]
High court asked to block Chrysler sale to Fiat
WASHINGTON Three Indiana state pension and construction funds want the Supreme Court to block Chrysler’s sale to Fiat so they can pursue an appeal in hopes of getting a better deal. Also filing emergency papers at the high court Sunday were lawyers representing consumer groups and individuals with product-related lawsuits. An appeals court in New [...]
Toyota F1 Team Sells Parts Online
Forget about a boring baseball cap, a tacky polo shirt or a chintzy key ring. There are better ways to show your affection for Toyota’s Formula One team. For example, consider the purchase of a rear wing from one of Toyota F1’s racecars. Or perhaps a genuine front-nose piece. Both are available at Toyota F1’s [...]
Bargain Hunting on General Motors and Chrysler Lots
Because of the Chrysler and General Motors bankruptcies, people looking for car bargains might find a few treasures. But they have to be prepared to act quickly and forgo considerations like resale value and vehicle reliability, and also ignore the uncertainties around warranty repairs and the availability of spare parts. Feeling lucky? A good place [...]
GM says May U.S. sales best so far in 2009
DETROIT (Reuters) – General Motors Corp on Tuesday reported U.S. sales for May. Highlights: * says U.S. sales are down 29.6 percent in May. * says U.S. May sales total 191,875 vehicles * says U.S. May sales best monthly performance so far in 2009 * reports total truck sales (including crossovers) of 110,866, down 22 [...]
GM Files for Bankruptcy
GM’s Chapter 11 filing caps a decades-long slide, but it should emerge relatively quickly from court with lower labor and debt costs A once proud and dominant General Motors, which at its peak controlled half the American auto market, filed for bankruptcy court protection on June 1 in an historic act that will see federal [...]
Chinese Company Buying G.M.’s Hummer Brand
Crude Oil Predictions 2011 - Oil and Gas Prices
2010 Cadillac SRX
New 2010 Ford Taurus SHO lives again
2010 Cadillac CTS-V 